Cloud Mining #1

Three days ago I came across some passive income videos and found a Cloud Mining platform called EOBOT. It is a corporation that rents users their mining hardware to mine coins. It also gives you the option to join to their Pool and mine coins with your own hardware.

Register

The registration is really simple and effortless. And Eobot does not pressure you to deposit money in their wallet to start making money. You can also use your SBD from Steemit. To register you can click this link.

Faucet

You get the option to obtain free cryptocurrency daily. The faucet gives you once a day estimated 2 DOGE which is about 2 x 0.00221 = 0.00442 EUR (or 0.005012 USD) and it is a good way to start off but is mostly unnecessary later on. Plus you get 1 FREE DOGE every day when you log in. The faucet reward is given in the currency that you are mining at the moment (my example was DOGE).

Currency

The next thing you need to do is to start mining. Go to account and pick your currency. You can pick between:

• Bitcoin
• Dash
• Ethereum
• Golem
• Litecoin
• BitShares
• STEEM
• CureCoin
• Dogecoin
• XEM
• Ripple
• Monero
• Zcash
• Factom
• Bytecoin
• Augur
• Lisk
• MaidSafeCoin
• USD
• Gridcoin
• Gold

And:

• Cloud SETI
• Cloud Folding
• Cloud SHA-256 4.0
• Cloud Scrypt
  

The first list contains crypto currency that you can mine. It includes USD and GOLD. USD can not be withdrawn, it can only be exchanged. Gold can not be withdrawn, it can only be shipped to you if you mine more than 1 gram of gold and if your account contains extra 17.62 EUR/19.98 USD for shipping. The worth of gold + shipping you need to have, to be shipped is at least 57.93 EUR/65.71 USD. And the second list contains the options you have to mine from. The Cloud SHA-256 4.0 is the main mining speed value.

Cloud mining

You have two options:
Cloud SHA-256 4.0 5 Year Rental or Cloud SHA-256 4.0 24h Rental. You can only have 1 activated 24h boost and an infinite number of 5 Year Rentals. The speed is written in GHS. Through my calculations, you pay:

• 24h rental: 0.29 DOGE or 0.000654 EUR / 0.000743 USD per 1 GHS.
• 5 years rental: 125.167 DOGE or 0.281723 EUR / 0.319652 USD per 1 GHS.

Cloud SETI & Cloud Folding

If you mine or buy SETI and Folding it is used to passively mine SETI --> Gridcoin and Folding --> CureCoin.

My investment into cloud mining has been minimal (about 100 DOGE or 0.225 EUR / 0.2553 USD) but I will invest more soon. I'm thinking about investing about 10€ in trying out the withdrawal process so I can be sure that this site is not a fraud. If you would like to try it out click the link below.

Cloud mining platform

Please follow me @mikibon, so you can stay in tune with my experimental cloud mining. If you like my post please upvote and start a conversation in the comment section. Don't hesitate to check out my
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