Free Steem On Complete Autopilot When You Visit This Faucet!
Hello My Fellow Steemers,
So I was looking online for a Steemit Faucet and I happen to run into EoBot.com. This website provides its users with Online Cloud Mining for Bitcoin, Steem & several other Altcoins. Not only do they offer cloud mining but currently have a High paying Bitcoin faucet which you can later exchange for Steem. Yes you heard it right you can exchange it right on the sight (at current exchange rate) for steem and send it to your Steemit account. Which makes this sight the first Steem Faucet online!
If interested in gaining Free Steem by either getting it through their Faucet or cloud mining you can sign up for a Free Account at EoBot.com.
Cool thing about this site is that you can use your Free Faucet winnings towards clouding mining contracts or if you happen to purchase a mining contract (through the site at pennies cost), you'll be receiving Steem on a daily basis!
They offer cloud mining contracts for as little as $0.03! Yes you heard it right for as little as 3 Cents! Makes this a great site for those wanting to learn more about Bitcoin Mining and how it works!
Here is an example of how you can start cloud mining Steem on EoBot:
First Step: (once you have sign up and filled in all your profile information) Click on Exchange ---> Then chose the Cryptocurrency you would like to purchase a Cloud Mining Contract with ---> Then chose the type of cloud mining contract you would like to purchase ---> Click on Buy Clouding Mining.
Second Step: On the Upper Left hand corner you will see the Mining drop down option, which lets you chose which cryptocurrency you would like to start mining. Simply chose Steem and you will automatically start mining Steem. Congratulations you are now mining Steem!
Once you have enough Steem Tokens on your EoBot account you can Transfer them to your Steemit account which is also offered by EoBot.
Happy Earning and Hope you found this Post Helpful! ;)
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Interesting idea. I tend to be skeptical of cloud mining sites though, as many of them turn out to be scams. A few questions for you:
I currently have some Bitcoin and Ethereum mining contracts with Genesis Mining (one of the few reputable cloud mining companies out there), but it's not really profitable. All my earnings go right back into purchasing additional contracts just to keep up with the increasing mining difficulty curve.
Absolutely. I'm a victim of a cloud mining ponzi from a couple years ago. Seemed like a deal at the time. It's actually not a good business model to "cloud mine" anyway. At least not at the level of returns most used to advertise. It's far less interest to take a capital loan than to pay the cloud mining dividends to the miners offering their money.
Just look at returns. If your cloud mining contract is making 5% returns per Month ask yourself why the company didn't arrange for cheaper access to the capital you provided.
Too good to be true is.
Show me a cloud mining operation with proof of a data center and blockchain evidence of their hashing I could be a believer. I'm betting such an operation would offer returns no more than 5% per year or they're just bleeding money for no reason.
Another thing I always wonder is: if you have a successful cloud mining operation setup, where mining returns are greater than the electricity & equipment costs, why would you rent out the hashing power to others? You could just keep the mining profits for yourself. The answer, of course, is that you calculate you can make more by selling mining contracts. Which means that, on average, mining profits won't offset the cost of purchasing a contract.
So contract purchasers will rarely make money unless they get lucky and the underlying cryptocurrency undergoes a rapid price bubble so electricity costs eat up a smaller percentage of the profits. This happened to me once when I purchased a 1 year Ether contract from Genesis Mining in January, just before the price of Ether skyrocketed. I made double my money from the contract. Was thinking of buying more but then Genesis Mining tripled the price of the contracts. And in the end I would have made more simply by buying and holding the equivalent amount of Ether.
Great analysis. In the end wouldn't you say buy/hold speculation would outperform those mining contracts when the market drives a profit for you?
In any case I've given up going into any long-term venture in which a third party is going to hold my tokens/contracts/dollars. It's completely against the spirit of crypto currency. The best organizations will find a way to take away the third party trust. Like Steemit, actually.
Exactly. Better to just buy directly on an exchange. But I'm glad I tried it, if for no other reason than it taught me this valuable lesson.
To some extent you need to have at least a little trust in third parties (i.e. buying ETH means putting your trust in the Ethereum Foundation, DGD means you have to trust Digix, Bitcoin means you have to trust the Bitcoin devs, Steem means trusting in Dan, Ned, etc). But I take your point. You want to go for projects that require as little trust as possible, where decentralized market forces play a large role in the valuation of whatever asset it is.
Yeah I have a contract with genesis minig too. As for EoBot its more for those wanted to learn how to cloud mine. I dont think there is much earnings on this platform as the contracts can easily be purchased from your faucet earnings, you don't even have to make a depost and simply just re-keep on purchasing the mining contracts with ur faucet earnings which EoBot provides too. As for cloud ming sites that you must deposit a large amount of money into are to me all ponzies now and days. It's very hard to find a lagit cloud moning platform. As for EoBot. Its been around for a while now and was simply made more as a hobby site for cryptocurrency entusiest.
Thanks for your input. I might check EoBot out for kicks.
Gotcha. It does look like a fun way for hobbyists to get involved with crypto and learn about mining, as long as you don't sink too much money into it and don't care whether or not you get that money back. I admit when I was first learning about Bitcoin, I felt depressed I didn't have the hardware to try mining myself, and cloud mining looked like a way to experience the thrill of getting daily income from mining, without the hassle & technical expertise needed to do it myself. It's nice that EoBot offers such cheap contracts so pretty much anyone can play around with it and see how it works.
That's awesome! I love to mess around on these sites! I will definitely check it out later tonight! If you like this type of thing check this one out https://yobit.net/?bonus=uLegk
Upvoted, followed and resteemed!
Thank you @riosparada I'm glad you liked it! I'll definitely be checking it out!
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This is good news! Thanks for sharing.
Your welcome!
Can I start an account with the steem that I earned on Steemit?
Yeah actually you can even get some free Bitcoin when you first sign up and go to the faucet and claim your free bitcoin. Once you have claim your free bitcoin you can right away turn around and purchase a mining contract and start mining steem with your bitcoin winnings from the faucet they have on EoBot. You don't necessarily need to send steem to your EoBot account. However if you do you can start mining Steem a lot faster as you can purchase a 24hr or a 5 year contract with it and start receiving steem even Faster! This is really up to you if you want to start mining with Steem from your Steemit account.
Up voted and followed!
Thank you @Sherry-dow! I'll make sure to post more similar post like this ;)
awesome