Welcome to my Eobot review!
Looking to earn some extra money with cloud mining? This is the right place to start.
First things first, I’m really happy for you that you’re willing to do your own research before joining any program as there are way too many online scams that can waste you a ton of time and money.
And this is the only way to stay away from scams and find the legitimate way to make money online!
Let me be completely honest with you, I’m not associated with Eobot in any form so I’m not here to sell anything to you.
So, if you’re doing research about is Eobot a scam or legit, rest assured that this is the right place.
In this review, I’m going to be giving you a thorough breakdown of Eobot and whether you should join this program.
Product Name: Eobot
Price: Free to Join
Overall Rank: 45 out of 100
Eobot is a United-States-based company founded in 2013, it is a cloud mining platform where people can buy, trade, and mine cryptocurrencies without having to manage their own mining equipment. Currently, there are 22 types of crypto coins supported by Eobot, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and 18 others more.
Over the last 6 years, Eobot claims to have more than 2.4 million users and thousands of users online at any time within the community. At this time, Eobot is available in the following languages:
What is Cloud Mining?
Cloud Mining is the process by which people participate in a mining pool of processing power through cloud mining platforms like Eobot. All you need is to purchase a specific amount of hash rate, as known as the speed at which a miner operates in the cryptocurrency code.
After a bitcoin block was mined, the block rewards will be issued to each member within the mining pool in proportion to their share of hash rate. That is to say, the more hash rate you own, the more profits you’ll be able to earn.
The good thing about cloud mining is that you don’t need a lot of money to start with cryptomining and don’t have to purchase nor manage any mining hardware.
Apart from that, you can choose to start individual mining, which is a process of operating your own miners rather than joining a shared mining pool.
The major benefit about this option is that you’ll be able to get all the block rewards when a block has been mined.
However, there are also a number of drawbacks you have to deal with, including
- Expensive equipment cost
- Energy and time needed to learn how to use the equipment
- 24 / 7 monitoring to ensure the equipment’s performance
- Electrical energy cost
- Maintenance fee
- Excessive noise, heat, and space produced
- Technical knowledge required to configure and maintain the equipment
Unless you’re really interested in managing your own mining equipment, cloud mining seems to be a better option for most people in particular to those who are just getting started with cryptomining.
If you have any questions, there are 3 ways to ask for support:
1. Contact their support team via phone
2. Submit a ticket via email on their website.
3. Ask a question on the 24 / 7 live chat.
As you can see, the live chat section is quite active as you can get a response in just 10 – 20 minutes, which is pretty helpful comparing to other cloud mining platforms on the market.
Price & Fees
At present, there are 2 rental services provided at Eobot:
- SHA-256 Rates per 1 TH / s = 0.0030 BTC
- Scrypt Rates per 1 GH / s = 0.2 BTC
There are certain amount of mining fees charged for different machines as well as different hash rate. In addition, there’s a maintenance fee of 34%, both are deducted right away while you receive the payout.
Here is a quick list of the mining fees for different hash rate:
- For the S5 Miner Rig and 2.0 GHS, the fee is = $0.00117/ GHS / Day.
- For the S7 Miner Rig and 3.0 GHS, the fee is $0.00058 / GH / S / Day.
- For the S9 Miner Rig and 4.0 GHS, the fee is $0.00021 / GH / S / Day.
- For the S15 Miner Rig and 5.0 GHS, the fee is $0.00011 / GH / S / Day.
- For the S17 Miner Rig and 6.0 GHS, the fee is $0.00009 / GH / S / Day.
For every person that joins Eobot via your referral link, you earn 1% for their total spending. The pending bonus will be credited in the mining mode that you’ve chosen as soon as it reaches $0.01 USD every a couple days.
The Good & the Bad
1. Great Support
Unlike most cloud mining companies, Eobot provided a phone support option within their customer service. Not just that, you can get a reply within 10 – 20 minutes literally 24 / 7.
2. Instant Withdrawal
Withdraws are processed instantly, which will normally be distributed within 24 hours.
1. Minimum Deposits
Eobot claims that if you’re deposits is lower than minimum, they will be lost from your account. However, it doesn’t clearly state that how much is minimum.
2. Low Earning Potential
What many of you probably aren’t realizing at this point is that cryptocurrency is not something that can earn you considerable income online. With the growing number of cloud mining companies and users, cloud mining has already become a saturated industry and whoever claims that you can still earn profit from it is just fooling you. Besides, Eobot charges a lot of additional fees, such as mining fees, maintenance fee, and transactions costs, further decrease its earning potential.
3. Cryptocurrencies Are Volatile
As mentioned in their website…
This is absolutely true. When it comes to cryptocurrency mining, you earnings are solely depending on the market capitalization and may easily involve risk of capital loss from rapid fluctuation in cryptocurrency prices, market price fluctuation, liquidity, and so much more factors. This is why cloud mining should never be deemed a way to earn stable revenue online.
Who is Eobot for?
Eobot is for ANYONE who still wants to start cloud mining without purchasing and managing your own miners. But it’s just not as profitable as it was a few years ago.
So if you want to find a legitimate way to earn money online, my recommendation is to start affiliate marketing.
What is Affiliate Marketing?
Affiliate marketing is a process of promoting and selling other peoples’ products online, and when someone makes a purchase via your affiliate link, you earn a commission as a result.
Here’s a diagram simplifying the 4-step process…
The reason why it is an evergreen, profitable industry is that there are now more than 4 billions people online, searching for information and purchasing all day. In other words, once your website get ranked on social media like Google, it will start making sales and generating consistent revenue on a daily basis even while you sleep.
Sounds pretty cool, right?
Of course it is! Check out this course where you can learn affiliate marketing FOR FREE!
Is Eobot a Scam?
No, Eobot is a legitimate cloud mining platform where you can start earning cryptocurrency without maintaining any mining equipment.
However, you can merely earn a couple cents per day after deducting all those additional fees, which is not worth your time whatsoever and it’s best for you to avoid joining it.
What I want to say is that there are lots of legitimate ways to earn consistent money online other than bitcoin mining, and Eobot is by no means one of them.
If you’re looking for a start with making a full-time income online, affiliate marketing is definitely the way to go!
Want to get started with affiliate marketing quickly? Join My #1 Recommendation here and learn how to set up your own online business step-by-step!