Is EoBot Profitable? Cloud SHA-256 4.0 24H?
I decided to test out Eobot to see if it was a good investment.
They have a mode where you can buy 24 hours power so possibly would be great to make some money fast.
SO i decided to test it out. Using the faucet for getting some coins.
Now in 24h is will report back it it is profitable or not.
But things looking to this image and comparing with the first where it projects that we just lost half a cent, things don't look promising for Eobot
Tomorrow i will should the final results, but the most important part isn't the dollar amount but the bitcoin ones, in this case of satoshi.
Can you make a profit with Eobot? Yes, but it won't be quick. It pays to take some time and work our the math. The main thing is that Eobot has high fees and you are fighting this every step of the way. If you purchase 5-year GHS 4.0, it takes about 19 months to break even (ROI).
24 Hour GHS is a loser proposition except for 2 purposes. The reason why is that you pay a 10% fee for converting to 24 hour GHS, so if you use 100 doge coins for 24 hour GHS, it would only return 90. So why would anyone ever do that?
wanting to cash out of Eobot: convert all 5 year GHS to 24 hour GHS, then withdraw and walk away (draining the account)
market timing on certain coins that you believe will quickly increase so that you can sell for a profit.
Eobot is a slow and steady. With the 1 free doge coin / day for logging in (exchange to 5-year GHS) and the faucet (remember to set the mining to GHS before going to the faucet) you can slowly build up without putting in any money.
If you continue to mine GHS after transfering funds and exchanging to GHS,
It takes about 2 months (if my math is correct) before doing a dump to 24 hour GHS breaks even.
As you can see, it takes a bit of analysis (nothing complicated, but must pay attention to details) to see how the Eobot system works and what it takes to make a profit on it. Another thing to take into consideration, all transfers have a fee with the smallest fee being 5% and the largest a whopping 35% (Cure and Bytecoin). This also erodes your value to transfer only when necessary.
I hope this was informative.
Thanks it was very informative, i have hash24, hasflare and genesis mining and i was thinking about eobot.
But after i test it out seamed to me to be a loser.
Anyway 19 Months seams to much for me for a ROI in the crazy world of crypto.
Oh wow, now I know more about it. So which site is the best and doesn't have a fee to sign up? @maples
Your analysis is correct and true. I've experienced that too. If one wants to earn in crypto, he should engage in crypto trading or invest in buying a promising cheaper crypto.
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