Bitcoin mining is the process of creating new bitcoin by solving puzzles. It consists of computing systems equipped with specialized chips competing to solve mathematical puzzles.
Currently, there are thousands of bitcoin mining options existing. Some are real while countless number of them are pure scam platform through which fraudsters extort from people.
That’s why some people who have come across Eobot are still having cold feet on whetehr to opt for it or not.
So, in this article is a EOBot.com Review guide that will help answer the question “Is Eobot.com legit or another Bitcoin Mining scam. Carefully read!
About Eobot
Eobot was founded in 2013 in Los Angeles, California by unknown identities. It is a site that mines bitcoins and other cryptocurrencies that can use the CPU or GPU of your PC or a mining machine.
The owners of the cloud mining service choose not to disclose their identity securely as there is no About section on their website and they do not share anything about the background of the company. Moreso, they do not provide any information on their founder or owners.
Nevertheless, it is one of the oldest and longest-running cloud mining companies on the market that provides a great solution easy to use which allows conversion between different crypto-currency and sends payments to your wallet which process can take up to 24 hours.
Read Also; Honest StartMiner Reviews 2022: Another Bitcoin Mining Scam?
- Email: [email protected]
- Twitter: https://twitter.com/eobot
- Facebook: https://www.facebook.com/eobotcom
- Google+: https://plus.google.com/u/0/+EobotBitcoinMining
What Are The Services Provided By Eobot? How Eobot Works
Eobot was one of the earliest on the market to provide cloud mining services. They offer rental contracts for a short period of time as 24 hours to up to 5 years.
Eobot is a dynamic site that moves with the trends, this is reflected by the addition of new features from time to time and upgrading the equipment regularly.
Eobot provides cloud mining facilities for SHA256 and Scrypt algorithms which both follow the difficulty of bitcoin and litecoin individually. They also offer cloud mining services for 21 different cryptocurrencies and users can choose their payout currency too from this list.
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The mining rigs on Eobot consist of miners from the Antminer S series, currently, they are mining on Antminer S7 and S9 machines.
Once a block from the coins is mined it promptly appears on the account of the client. So, there’ll be no need to wait for payout periods, the mining results are available every minute.
If as a client, you choose to invest in only fractions of the cloud instances, no need to buy the hashpower of a complete mining rig. Although the direct electricity costs, hardware cooling, and replacement cost can be saved by cloud mining, Eobot intentionally leaves out the maintenance fee, so they can cover their own costs.
The rented Eobot hardware can instantly mine to the clients own pool with MyPool application. This helps reduce the maintenance fee to 0% and lets the users mine such coins that are not even supported in Eobot.
On Eobot, 24 hour rentals are available, 1 TH/s for SHA256 algorithm costs 0.0030 BTC (2.63 USD) and 1 GH/s for Scrypt algorithms costs 0.2BTC (175.58 USD).
Asides from cloud mining, Eobot runs several side projects. In the Cloud Seti project, Eobot clients can rent hardware capacity to explore aliens in space, this is mostly a charitable activity. The other non-profit activity is Cloud Folding, where the machines are used for medical research.
Eobot hasn’t forgotten the smartphone users. They have smartphone apps available in the Play Store and in iTunes to serve both Android and iOS users.
What Is The User Experience Like On Eobot?
Eobot.com is a very simplistic website. No fancy images or buttons, animations. The creators of the site provide detailed information to guide users. Although the platform is available only in English, they offer to translate the webpage through Google Translate.
The FAQ section of the website adopts a conversational and sarcastic tone that users can easily relate to. Clients can use the contact form or send emails or calls directly to the Support team or free hotline number where they get an instant response.
Eobot provides trading between Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dogecoin, Ripple, Dash, Tron, Cardano, CureCoin, NEM, Monero, Zcash, Tezos, Bytecoin, STEEM, Lisk, EOS, USDC, Stellar, Ethereum Classic, and Grin.
What Are The Pros and Cons of Eobot?
Despite Eobot’s simplicity and trading diversity, there are still loopholes that need to be plugged in by Eohot. Take a quick look at the pros and cons of Eobot.
| Pros | Cons | ||
| interesting side projects Cloud SETI and medical researches | high maintenance fees | ||
| immediate payouts | basic website | ||
| Android and iOS apps | no information about the owners |
How To Sign-up on Eobot
To sign-up on Eobot all you need to do is visit the website, input your preferred email and password and provide details about yourself.
On Eobot homepage, you’ll find detailed information that will guide you through the process.
To get started, Click here.
How To Withdraw on Eobot
To receive payments from Eobot, you have to follow the following steps:
#1 fill out the profile
You must fill out the profile. It must include the date of birth, address of residence, and telephone number. Some people are asked to send a scan of their ID, so it’s better to get real data.
After filling in the page, go to the withdrawal of money:
You can receive payments in any currency, and if you have definite purses, exchange them first in the Exchange section. In the Withdraw section, you can see the minimum amounts for withdrawal. Money transfers are instantly performed, all you need to do is specify the purse number.
Afterward, the money is credited instantly, make an arbitrary amount. Please note, it should be more than 0.0001 BTC (for other crypto-currencies, see the minimum on the site). As soon as coins appear on the balance sheet.
#3 Exchanged for power:
This is done through the internal exchanger where you can also exchange currencies among themselves. On the left, there will be a form for choosing an account, from which the capacity is purchased, on the right you need to select a tariff.
The most profitable at the moment is Cloud SHA-256 4.0 5 Year Rental. Define any amount and get the power: You can find enough evidence on the internet that the money is paid out. On popular forums, there are branches about Eobot and hundreds of proofs are presented in them.
Immediately after this, the crypts begin to be extracted, and which one the investor decides independently. In practice, full payback occurs in 12-18 months. But you can invest in the future. To do this, select the capacity in the currency selection field.
Eobot.com Reviews: Hear The Users
Let’s take a quick look at reviews from foxyrating.com, bitcointalk.org and trustpilot.com.
“Eobot hash power is full, if you call Eobot scammer, that is stupid. Eobot is trusted since 2013, If you will invest there, wait for hash power Eobot to full again” – Leo rilo
“Excellent… Until now still works. Although some features don’t exist anymore. No Bonus, No GHS mining” – Them must te em
“Eobot isn’t a scam, but it’s not worth investing here. You hardly can get ROI from Eobot. But if you want to invest a few dollars, you may try to test Eobot, you don’t risk to lose much. I didn’t have problems with withdrawals when I used them in past. You also can use their faucet and invest free coins into mining” – LTU BTC
” Mining on eobit.com is not a scam but virtual minings are considered non-profitable nowadays. To mine with Eobot, you need to deposit at least some bucks to speed up your hash rate. They have also a free faucet where you can claim free bits everyday, useful for those who don’t want to deposit their own money” – TheCoinFinder
” Pretty sure Eobot still allows you to redeem contracts for a physical miner when the contracts you’re using become obsolete as well, though things might’ve changed recently. I also used to use Eobot a few years ago and they did payout and do things as stated, the break-even time is much too long now for their contracts but otherwise, the site seems to be somewhat legit. ” – leowonderful
Is Eobot.com Legit or Scam?
Having explored user reviews from other websites, one point to deduce is their service is more expensive than the market average due to the high maintenance fees. Apart from that the lack of information on the owners can be suspicious for future clients.
Secondly, the ROI is one that leaves one wondering if there was an investment in the first place. Nonetheless, Eobot.com is a legit site that mines bitcoins and other crypto-currency that can use the CPU or GPU of your PC or a Mining Machine.
Eobot provides cloud mining facilities for SHA256 and Scrypt algorithms which both follow the difficulty of bitcoin and litecoin individually. They also offer cloud mining services for 21 different cryptocurrencies and users can choose their payout currency too from this list.
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