General information about Eobot
Eobot has been providing the cloud services on the Internet for a very long time. Сryptocurrency mining for SHA256 and Scrypt algorithms that is running on the miner rigs of the Antminer S series is offered here. No need to worry about the electricity costs or the hardware cooling, if you are one of their 590 000 users. It is possible to enjoy all benefits of mining just like that.
Eobot was founded in Los Angeles, California in 2013. As those who own this cloud mining service don’t want to share any information about the company background, they keep their identity securely, and that is exactly why there is no “About us” section on the company website.
Unfortunately no information about the owners or founders is available online, although they have been providing their cloud mining services in the market for many years already. Its founders, owners and CEO also are not linked in their Linkedin profile.
One is able to find an address linked to Eobot in Walnut, California as their headquarters, but if you consult Google Maps, you will find out it is just a storage facility.
But what if they run those mining rigs in the warehose?
No one knows for sure, but this is just another factor the users should pay attention to.
Address – Eobot Inc., 340 S. Lemon Ave #2282, Walnut, CA 91789
We are licensed with Financial Crimes Enforcement Network (FinCEN), an agency within the US Treasury Department (license number 31000082669749). You can search for Eobot Inc on the MSB Registrant Search Web Page here. Alternatively, you can download the PDF listing of our registration.
Launched in April 2013, Eobot operates out of and is incorporated in Los Angeles, California. Corporation information can be found by searching for “Eobot Inc.” at the California Secretary of State Business Search.
Eobot is fully committed to preventing fraud and adherence to all AML (anti-money laundering), KYC (know your customer), and MSB (money service business) regulations and requirements. We work hard to identify our customers. We reserve the right: To retain user identity information; To require users to scan and upload photo ID and other documents; To verify information via third party client APIs.
In addition, we will perform the following to prevent criminal activity with policies and procedures: the development of internal policies, procedures and controls; designation of a compliance officer; an ongoing employee training program; and an independent audit function to test programs.
In fact, Eobot has been among the first providers of the cloud mining services in the market. They can offer rental contracts for a period of time from 24 hours to up to 5 years. New technology trends help Eobot remain up to date, and their equipment is upgraded regularly as well as new features are added from time to time.
The Eobot Company provides cloud mining facilities for SHA256 and Scrypt algorithms, and they both follow the difficulty of Litecoin and Bitcoin. There is an opportunity to choose mining services for 21 cryptocurrencies, and also clients can also decide which currency of payout from this list to choose. Miners from Antimer S series are the components of the mining rigs, and nowadays Antminer S7 and S9 machines are used for the process of mining.
Client is able to see the block of coins on the account right after this block is mined. The results of mining are always available, and you don’t have to wait for payout periods. There is a possibility to invest only in fractions of the cloud instances, so you can go without the hashpower of a complete mining rig. Though one is able to save the direct electricity costs, hardware cooling and replacement cost by cloud mining, maintenance fee is charged by Eobot anyway, for their own costs to be covered too.
Using MyPool application the rented Eobot hardware can mine directly to the client’s pool. Such feature allows reducing the maintenance fee to 0%, and due to this fact you can mine the coins that are not supported in Eobot. 24 hour rentals are available, the cost of 1 TH/s for SHA256 algorithm is 0.0030 BTC (2.63 USD) and 1 GH/s for Scrypt algorithms costs 0.2BTC (175.58 USD).
There are several other projects run by Eobot except for cloud mining. If you are the one who wants to search for aliens in space, there is a possibility to rent hardware capacity thanks to the Cloud Seti project that Eobot offers. But this is a charitable activity mostly. Cloud Folding is another non-profit activity, where the clients can use the machines for medical research.
Eobot also remember about the users of mobile phones. They can download the applications that are available in Apple Store and Play Market to serve iOS and Android users.
? Fees and Pricing Schedule
Hashpower of the equipment is the basis of the cloud mining price rates at Eobot. For the 4GS/s Antminer S9 miner rig you are charged $0.00021 GH/s daily. There is also a maintenance fee of 34% that is applied, and it is the fraction of the mining fee. Usually they add it to the charge for calculation purposes. When the client receives the final payout, all fees are deducted right away.
The mining fee at Eobot Company is a variable thing, and the maintenance fee usually depends on it. As a rule, it comes from the monthly cloud mining charge divided by the earnings based on Alloscope calculator.
The information provided on the company website tells us that when a fee reaches 100% on a cryptocurrency and mining rig, the mining of that coin is stopped. But when the fees reach 99%, the cloud mining is turned on again. It is claimed that if the fees to each customer reached 100%, their activity would be stopped and all contracts will be terminated completely.
When the bitcoin halving took place in summer of 2016, a portion of such closure already happened. Due to the falling of bitcoin price and rising bicoin difficulty, Eobot stopped providing cloud mining for 2 GH/s and 3GH/s contracts as well. What they do now is shipping the mining equipment to those who want to buy the Antminer hardware in exchange for GH/s paid before.
If they do not upgrade the hardware system with appropriate pace, one day the changing difficulty and bitcoin halving can be the reasons why Eobot will cease to exist.
Bitcoin is not the only payment method that Eobot accepts. You can also pay with VISA, Mastercard, American Express, Discover and JCB cards.
Go to Eobot.com
Eobot.com User Experience
Eobot.com is very easy to navigate. There are no fancy images or buttons here as well as animations. Information is the only thing that the creators of this website concentrated on. The platform is available in English only, but you can translate it through Google Translate.
Eobot offers its customers as much support as possible. If you visit the FAQ section, you will be surprised by its friendly, somewhat sarcastic tone. Should you have any questions there is a possibility to send emails directly to Support team or use the contact form right away. User queries can also be answered through a free hotline number.
It is explained in the FAQ section that one should go cloudmining just to have some fun, and not for generating income. Although the break even points for those altcoins mined are shown in the table on the landing page, the difficulty is not tuned into the calculation.
The purpose of this website is not to mislead its clients, but to show that this cloud mining company still represents less fraud risk than the others even considering the fact that not much information about them is available online.
Side projects Cloud SETI and medical research that can be interesting for clients.
Payouts without delays.
Applications for Android and iOS operating systems.
High maintenance fees.
Information about the owners is not available.
It is well known that Eobot has been running this cloud mining business from the very beginning, due to the high maintenance fees its service is more expensive that the services of other companies. But its future clients should note that the lack of information about its owners could a bit suspicious.
And also remember about the side projects of Cloud Folding and Cloud Seti, because it is an interesting example of charitable use of the mining activity.
Go to Eobot.com