Topic: Eobot is one of the mining site> it's damn true (Read 851 times)

Mining "calculators" are based on the assumption that there is zero growth. I'll let you do the research on how that's a ridiculous assumption based on both past, present, and near-future. By nature of you even ADDING hash power, you've already started diluting your "calculated" earnings:

Hash power is 100 GH/s and a block pays 10 BTC
100 GH/s is calculated to be worth 10 BTC per block
You add 100 GH/s
You're NOT getting 10 BTC per block because you only account for 100/200 GH/s. You get half of what you "calculated"

Math doesn't lie.

OP please dont listen to these people. I dont even think they use eobot. I ise robot and miningrentals.com .

Firstly the calculators the above users are talking about are misleadingly called calculators. One expects a calculator to be very accurate but this cannot be because it cannot predict when miners shut down and begin because thst is s human action. Therefore predicting accurately is very difficult. But it does give you an idea of what to expect. If you time rentals well you can profit. Most people probably dont though. Like the above users spoke about its like giving free money away.

You see not everyone wants to monitor pools and the amount you csn mine st that time all day long so they just rent their rig out and let whoever rents it deal with that. Yes they lose money but its ok because that's not their field of expertise. It does make sense if you think about it. Its like if I sell you an apple nd you make a profit off it selling it at the market I dont care because I'm selling you 100 apples at a time and I can make more money faster that way. Also I am not good st selling apples but the guy I sell to is. So can you see ? The faster thinbgw move from hand to hand the more money to make.

I would just like to add that all the above users have bakid points so take it into consideration.

They also give you a ROI time frame. I've yet to see a single site that DOESN'T give one. i.e., "319 days." But the issue is you won't ROI in that 319 days -- it will NEVER ROI.

It's absolutely nothing like that.  You're referring to Ponzi schemes.

While the vast majority of cloud mining sites are Ponzi schemes, the ones which are "legitimate" do not promise an exact amount of money.  They promise that they will buy or produce mining hardware with your money, and then mine with it and give you some of the earnings.

This is a perfectly reasonable claim, because the cloud mining operators can still make profit.  In the case of HashNest (run by BITMAIN), they produce a miner and mine with it, while taking maintenance costs and a few for their profit.  It's fairly similar to any normal investment.

There is a difference between a bad investment decision (cloud mining) and a scam (Ponzi schemes).

Nice way to twist things to meet your agenda. A better fit would be someone starts a new business and says "Hey! So here's the deal. My business is going to guarantee $100 in the next week. If you give me $50, not only will I give you the $100, but I'll also work for you -- for FREE -- and I'll even pay for all the expenses along the way! By the way, I've already fully paid off the business, so I'm not 'borrowing,' as I don't need the money. I just wanna give you free cash for nothing while I take on all the costs and work of doing so. Cool?"

Soundslegit.jpg

So you heard it here first folks!

From a user of the system.
You don't make anymore than what you have put into the system.

That in it's self is a ponzi scheme.
Do not invest unless you want to just end up where you started with in the first place.

Fools do the exactly same thing and expect a different result as the outcome.

Look it up on the google, you can find some info there. Also, idk hwo much profitable cloud mining is today. You'll have to invest a lot of money to be slightly profitable.

I've received my earning there long time ago(just earned minimum WD) when eobot still fairly new, but never earn ROI and now my hash power become zero there, it's totally scam I think.

Although there are legit cloudmining, it's difficult to even earn ROI.

You can try out yourself without investing. Go to eobot account click left on top on mining and choose a cheap coin f.e. bcn. Then go to faucet and take bcn. At 100 bcn you can withdraw. Look also on withdraw minimums. So you can see, that you soon can cashout. There is also a feature, what is different from all cloud miners I know? When you for example take a 5 yrs SHA contract (the only profitable), you can any time exchange it to 24h contract. That makes sense, when you suddenly need to cash back your investment fast or you think, eobot will go down or you think a coin will hype the next days. You also can mine with your hardware. I am for several months in and mined, withdrew, used faucet and so on. Also mining power increases when btc goes up. It is no garanty but I think it is one of the rare legit cloud miners. At least a service, where invest is done with pretty low risk. But it is nothing for shortterm profits.

Cloud mining is not really profitable and anytime what altcoin you are mining if the value of its altcoin it can reduce your profit instead of gaining profit..
Much better to buy your own rig like in mining ethereum you can earn more profit if you buy or build your own rig more expenses if you buy ready made  mining rig but if you build your own you can reduce and make a good mining rig with your own..
And you can gain more profit.
This is my plan from beginning i still holding small amount of btc to start building or buy mining its more profitable than you are just investing in cloud mining site.. selling your own contract is the other strategy just to get the benefits of holding the control for few weeks or days when the price of altcoin you are mining before is high if the altcoin is starting to crash or the value is down they are selling the contract just to gain back their investment..

Do the math. The only cloud mining sites that have ever been profitable are those that let you resell your contracts to other people that don't know what they're doing so you can take advantage of them and suck them in as well. No other contract has ever been profitable. Math guarantees this, and math doesn't lie.

Have you already hit ROI there?

I never invested on Eobot for real, but years ago I deposited my faucet earnings on that site and bought some mining power. After some time the mineration speed decreased considerably. So I reached to the conclusion the ROI there was very hard to achieve like any other cloud mining site.

I am using eobot for years. Never had a problem with withdraws or whatever, I don't get why you are all just saying so many sad things seeing that most of you never tried it.

A lot of people invested with a man called Bernard Madoff.  They also didn't think they were investing in a Ponzi scheme.

A lot of people also invested in a mining service called HashOcean.  They also didn't think they were investing in a Ponzi scheme.

Well in that case, I suppose that everyone who takes out a loan and pays it back with interest is a scammer.  I suppose hedge fund managers and pension funds are, too.

Cloud mining was once profitable to some extent (though buying your own hardware was always better).  It is now a wraith, drifting along on borrowed money and shady schemes like Genesis Mining.  Basically, there's nowhere to go with it.

I use Eobot and i will say that its not a ponzi but its not profitable too. I have not invested any money in this but i does pays you. It depends on the mining speed on how well and fast we get our coins. If the speed is good then we will mine coins faster and will be able to withdraw them faster too. Cloud mining should not be treated as a source of income . Eobot says it on their website " Cloud mining should be considered as a fun, recreational activity and not a source of income or investment " and this shows that its a genuine website.

Yeah, this is likely a ponzi site. Basically 99% of all cloud mining sites are ponzi and scams to be honest. Think about this logically, why would anyone sell their mining power if they can mine it themselves and be much more profitable? It is illogical to sell something that could generate more profits if it was much more profitable to operate it themselves.

If you mine the right contact you can make profit. Also it is like taking a loan. You use what the customer Gabe you to buy more hash power sharing the profits. I prefer to just rent hash power out and do it myself for a few hours. That's altcoins though.
Bitcoin I don't bother mining strait for the reasons you gave.

Even if it's not, you won't make money. Cloud mining, by its nature, isn't profitable. Run it through a calculator for proof. If it were, they wouldn't be doing it -- it's literally like giving away free money, which would be the opposite of what any for-profit business is designed for.

I would say it's risky to "invest" on this kind of website, and it's likely a scam.

Source for the original comment: https://www.reddit.com/r/BitcoinMining/comments/3hmxdh/is_eobot_legit/cu8vsj6/

Eobot is one of the mining site. you can mine many cryptocurrency such as Bitcoin , ethereum, Ltc etc coins. Even Eobot has own apps.
But i don't know is this paying site or not