The process of mining Bitcoin involves solving puzzles in order to create new bitcoins. The competition involves the use of special chips in computer systems to solve mathematical problems.
Bitcoin mining options currently number in the thousands. Fraudsters use countless scam platforms to extort people, some of which are real.
The reason some people are still debating whether to choose Eobot is because they haven’t tried it out yet.
We are going to examine EOBot.com in this article to find out whether it is a scam or if it is a legitimate Bitcoin mining company. Read carefully!
What Eobot is all about
The company Eobot was founded by unknown individuals in Los Angeles, California in 2013. Your PC or mining machine can be used to mine quality Bitcoin cryptocurrencies on this site.
Since there is no About section on the website, the owners of the cloud mining service select not to disclose their identity. Their founders and owners are not disclosed.
Even so, it is one of the most established cloud mining companies in the market that offers an easy-to-use solution that allows you to convert between different cryptocurrencies before receiving your payment, which usually takes a day or two.
Social networks of Eobot
Email: [email protected]
Twitter : https://twitter.com/eobot
Eobot provides what services? What is the working principle of Eobot?
Cloud mining was pioneered by Eobot. Depending on the length of the rental contract, they can offer 24-hour or five-year leases.
As a dynamic site, Eobot adds new features and updates equipment on a regular basis to keep up with the latest trends.
The Eobot cloud mining platform tracks both Bitcoin and Litecoin difficulty individually using SHA256 and Scrypt algorithms. Users can also choose their payment currency from a list of 21 different cryptocurrencies they provide cloud mining services for.
At the moment, Antminer S7 and S9 machines are being used on Eobot’s mining platforms.
The customer’s account will be credited with the coins as soon as a block is mined. The results of mining are available every minute, so there is no waiting for payment periods.
It is not necessary to purchase a full mining platform if you pick to invest only in fractions of cloud instances. In spite of the fact that cloud mining can save direct electricity costs, hardware cooling, and replacement costs, Eobot deliberately leaves out maintenance costs, so they can make a profit.
By using the MyPool app, customers can instantly mine their own pools with Eobot equipment they have rented. Eobot doesn’t even support parts like these, so maintenance costs are reduced to zero.
The Eobot platform offers 24-hour rentals, which cost 0.0030 BTC (2.63 USD) for 1 TH/s for SHA256 algorithms and 0.2 BTC (175.58 USD) for 1 GH/s for Scrypt algorithms.
A number of parallel projects are also run by Eobot in addition to cloud mining. This is mainly a charitable activity in which cloudSeti rents hardware capacity to customers for exploring aliens in space. Using machines for medical research is another non-profit activity, Cloud Folding.
Smartphone users are not forgotten by Eobot. Users of Android and iOS can download their smartphone apps from iTunes and the Play Store.
How does Eobot work for users?
Websites like Eobot.com are very simple. Neither images nor buttons are fancy, nor are there any animations. Users can find detailed information on the site from its creators. They offer Google Translate to translate the web page even though it’s only available in English.
A conversational tone and sarcasm dominate the FAQ section of the website. Customers can contact the support team directly using the contact form, by email or by phone, and get an immediate response.
In addition to BTC, ETH, LTC, Bitcoin Cash, DOGE, Ripple, Cardano, Dash, Tron, CureCoin, Monero, EOS, NEM,Tezos, Bytecoin, Zcash, USDC, Stellar, Ethereum Classic and Grin, Eobot also offers exchange services for Lisk, STEEM, EOS, USDC, Stellar, Ethereum Classic, and Grin.
How does Eobot compare to other robots?
In spite of Eobot’s simplicity and diversity, Eohot needs to fill in some gaps. Find out what Eobot has to offer.
|A parallel project in the cloud SETI field and a medical research project||The cost of maintenance is high|
|Payments made instantly||Website basics|
|Apps for Android and iOS||Owners are unknown|
Eobot requires that you register by visiting the website, providing your preferred email address and password, and answering a few questions.
A detailed explanation of the entire process is available on the Eobot homepage.
Eobot withdrawal instructions
Here are the steps you need to follow to receive payments from Eobot:
Step 1: Complete the profile
Ensure that your profile is complete. The address, phone number, and date of birth should be included. It’s best to get real data, since some people will be asked to scan their ID.
Go to cash withdrawal after filling out the form:
Step 2: Click the Withdraw button
In the Exchange section of the account, you can exchange payments received in any currency. The minimum withdrawal amount can be found in the Withdrawal section. Just enter your wallet number and money will be transferred instantly.
An arbitrary amount is then made instantly by crediting the money. For other cryptocurrencies, see the minimum on the website (for 0.0001 BTC, see the minimum on the website). Upon the balance sheet appearance of the coins.
Step 3: In exchange for power
The internal exchanger also allows you to exchange currencies between people. An account selection form will appear on the left and a rate selection form will appear on the right.
A 5-Year Lease over Cloud SHA-256 4.0 is currently the most lucrative. The internet provides ample evidence that the money was paid. You can set any amount and get the power. Hundreds of evidence is presented on popular forums regarding Eobot.
Following that, the investor determines which crypts to extract independently. It usually takes between 12 and 18 months to repay the loan in full. Investing in the future is an option, however. Select the currency selection field and select the capacity.
Eobot.com reviews: read what users have to say
Reviewers at foxyrating.com, bitcointalk.org, and trustpilot.com gave their opinions about the service.
“The hash power of Eobot is full; to call Eobot a scammer is ridiculous. If you invest in it, wait until the hash power of Eobot returns to full!” – Leo Rilo
“As of now, it is still working. However, some features are no longer available. There is no bonus, and no GHS mining”.
In spite of the fact that Eobot is not a scam, it does not make sense to invest here. The return on investment from Eobot is hardly great. But if you want to try it, you won’t lose much money. When I have used them before, I haven’t had any problems with withdrawals. With their tap, you can invest for free in mining” – LTU BTC.
“In these days, virtual mining is considered unprofitable, so mining on Eobit.com is not a scam. To speed up your hash rate with Eobot, you need to deposit at least a few dollars. For those who don’t wish to deposit their own money, there is also a free faucet where they offer free bits every day.” – TheCoinFinder
“Eobot probably still allows you to redeem contracts for physical miners when they become obsolete, but there may be some changes recently. When I used to use Eobot several years ago, they paid and did things according to the contract, however, the break-even point for their contracts is now way too long, but the site appears to be fairly legit otherwise.” – leowonderful
Does Eobot.com work or is it a scam?
A conclusion that can be drawn after reading user reviews of other websites is that their service is pricier than the market average since there are high maintenance costs involved. In addition, potential customers may be suspicious of the owners due to a lack of information about them.
Another issue is that you wonder if there was ever a return on investment. Although Eobot.com uses the CPU or GPU of your PC or mining machine to mine Bitcoin and other cryptocurrencies, it is a legitimate mining site.
In order to track the difficulty of Bitcoin and Litecoin, Eobot provides cloud mining facilities for the SHA256 and Scrypt algorithms. Users can also choose their payment currency from a list of 21 different cryptocurrencies they offer cloud mining for.