Eobot service – is cloud mining relevant in 2022?

Traditional hardware cryptocurrency mining requires more and more investments every day. Therefore, it is not surprising that miners are actively looking for viable alternatives to this method of earning money.

Recently, cloud mining has become increasingly popular. This is not surprising, since specialized services rent out computing power without charging for equipment maintenance.

One of the most reputable services for cloud mining is the Eobot platform. The company began providing hashrate rental services back in 2013.

The platform has managed to gain a foothold in the field of cloud cryptocurrency mining, forming an impressive customer base. Now let’s take a closer look at the main features of working on the Eobot service.

First registration

The first step is to register on the official portal of the service – www.eobot.com. Please note that the Eobot cloud mining portal is only available in English. This may cause additional difficulties. To avoid any problems, follow the step-by-step instructions:

• In the upper right corner there is a “Sign Up” button, click on it.

• In the “First Name” column we indicate the name.
• In the next line we write the last name.
• Provide your email address and password.

Confirm that you are not a robot and also agree to the terms of use of the service. Click on the “Sign Up” button. After this, a link to complete registration will be sent to the specified email address, click on it.

Conclusion

The advantage of Dwarfpool is that withdrawals can occur up to 6 times a day. It also provides slightly more coins for mining than FlyPool, but this is still less than what Nanopool offers.

Otherwise, Dwarfpool is almost no different from similar Nanopool or FlyPool: almost the same commission, easy and simple interface. The minimum conclusions are also almost the same:

Dwarfpool — 0.01 zec Flypool — 0.01 zec Nanopool — 0.02 zec

In essence, when choosing between these pools, you choose the interface that is convenient for you.

Making a deposit

To fully use the Eobot cloud mining service, you need to make a deposit. Of course, you can earn money here without investments, but with this approach the profitability of the work will be extremely insignificant.

Account replenishment is carried out through a special interface. Find the horizontal blue menu, and then go to the “Deposit” section.

As a result, a list of available wallets will open that you can use to replenish your account and withdraw funds. In this section you can also study the offer and obligations assumed by each party.

The size of the minimum deposit varies depending on the selected cryptocurrency. This norm is controlled by the service regulations. The system does not debit a commission from the user’s balance for replenishing the account.

To deposit funds on Eobot, you need to transfer coins to a pre-created wallet. Beginners do not have their own wallet; to create a new address, click on the “Generate” button.

You can top up your account not only with digital currencies, but also with fiat currency, for example, American dollars. To do this, click on the “Buy Cloud” icon, and then select one of the proposed payment systems.

Dollars will be credited to your account balance. You can earn money on this service without investment, but the profitability will be extremely insignificant.

The platform is equipped with a special GHS mechanism; its hashrate allows you to separate values ​​up to eight decimal places. You can purchase computing power for literally a few cents, but keep in mind that the size of your investment is proportional to the profitability.

If you want to understand what Eobot is and how users of this service make money, then you can invest a minimum amount. However, if you want to get a significant income, then you need to invest more.

Advantages and disadvantages

pros

• Relatively inexpensive rates.
• Effective scalping with the ability to automatically select parameters.
• Wide trading functionality.
• Run up to 20 threads.
• More than 22 indicators and filters.
• Flexibility and risk management capabilities.
• Easy to learn, lots of reference information on the wiki and YouTube channel.
• Active technical support, telegram chat.
• High level of API key security.

Minuses

• Only two supported exchanges, one in the free version.
• Like any bot, it is not perfect and requires constant monitoring to avoid losses.

Buying GHS for cloud mining

When the funds are credited to the balance, go to the “Exchange” tab, which is also located on the horizontal blue menu.

Pay attention to the tab located on the left. From the drop-down list, select the crypto coin that was credited to your account balance.

On the right, select the mining algorithm. In addition, you need to set the period for which you rent computing power. Mining on Eobot is possible using one of 4 algorithms. Three clouds are involved in the process of cryptocurrency mining. Experienced miners believe that the most successful option is Cloud SHA-256 4.0 5 Year Rental.

The user will be able to sign a contract for five years. However, keep in mind that a lot can change over such a long period of time. Firstly, it is possible that the algorithm will undergo significant changes. Secondly, the difficulty of generating blocks may increase significantly. Thirdly, every day there are fewer and fewer coins left unmined.

Let's look at a specific example. By 2022, the number of BTC coins will be halved. However, analysts predict a colossal increase in the value of this asset. Therefore, most likely, cloud mining on Eobot will be relevant in five years.

Remember that it is extremely difficult to instantly convert a rented cloud into digital currency. Despite this, many beginners want to withdraw their first profit now. It is possible to achieve such a result, the main thing is to know one simple trick.

Each user has the opportunity to change the validity period of a pre-purchased contract. For example, 5 years can be changed to 1 day. To do this, go to the “Exchange” section. On the left, select Cloud SHA-256 4.0 5 Year Renta, and on the right, Cloud SHA-256 4.0 24 Hour Renta.

As you can see, everything is extremely simple. Thus, the five-year contract for the rental of computing power of 20 GH/s was reformatted into a new cooperation scheme - 20151 GH/s for one day.

We select a cryptocurrency and start the workflow.

What is Dwarfpool

Bitcoin mining in Dwarfpool
Dwarfpool

is an old mining pool, the main advantage of which is considered to be complete anonymity of users. The service does not even require miners to register.

In addition, the Dwarfpool team notes other privileges of the service:

• Versatility – the pool supports work with all known GPU and CPU miners;
• Efficient mining – an optimized coin mining system with a minimum defect rate;
• Reliable mining - the service uses powerful servers with protection from DDoS attacks, located in different parts of the world, any of which can ensure the uninterrupted mining process in case of unforeseen circumstances;
• Auto payout support;
• Worker monitoring function - you can receive notifications by email if your device is disconnected from the server;
• Detailed statistics.

Unlike most other pools, Dwarfpool pays rewards directly to the miner's wallet when a minimum amount has been accumulated. Payments are also possible to exchange wallets.

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The pool charges a 1% fee for mining Ethereum and 1.5% for Monero, while mining Expanse tokens is free.

The official Dwarfpool website is presented very modestly, without excessive pomp and frills, so lovers of beautiful pictures will most likely be disappointed.

The service only supports English, which is by far the main disadvantage for Russian-speaking users. However, the site's support service is ready to answer any of your questions 24/7 in Russian, German or English.

It is also important to note that use of the platform is closed to miners from 16 countries, including Belarus and Crimea.

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Dwarfpool official website

Start of mining

The cloud miner is launched in 1 click. The menu at the top provides a drop-down list of digital currencies that can be generated. It is also not prohibited to work with the “Diversify” list, which allows you to mine several coins at once.

If you plan to use Eobot Miner to mine several assets at once, then keep in mind that the system provides a ten-minute queue interval for the selected coins. This scheme allows not only to mine cryptocurrency, but also to increase the power of the cloud.

Thus, the service allows you to fully diversify the portfolio collected by the user.

Official website of CGminer

Official website of CGminer
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CGminer does not have an official website in the form familiar to all users.

The official CGminer page is posted on BitcoinTalk. Here you can find a full description of the project and its capabilities, links to the latest versions of the client, recommendations for configuration and a section with answers to frequently asked questions.

Official CGminer page on BitcoinTalk

This resource also has a live CGminer discussion forum, where miners share their experiences using the client and can answer a variety of questions. All data is freely available, and to post a question on the forum, you just need to register on BitcoinTalk.

The CGminer page is also presented on GitHub. Here you can find all the documentation about CGminer, a description of the project, and there are links to all releases of the program.

Official CGminer page on GitHub

Connecting a video card to the Eobot service

Which video card is better to buy? You need to find an inexpensive option capable of delivering a power of at least 200 KH/s. If the budget is too limited, then look for a device with a power of 100 KH/s. Recently, the Radeon R7 240 video card has been popular among beginners. On average, it produces 110 KH/s.

Now let's talk directly about the process of installing a video card on the Eobot cloud. Follow the step by step instructions:

• First you need to download the mining program from GitHub.
• We extract the contents of the downloaded archive into a separate directory.

• Open one of the batch files (a file with the bat extension) with notepad.

• Go to the service website, open the “Pool Info” tab.
• Copy the commands from the lines “Server” and “User Name” and paste them into the bat file.

As a result, the batch file should look like this:

In principle, nothing complicated. The Scrypt mining algorithm was taken as an example.

License

Stratum-Bot gives you the opportunity to work on a free or paid basis. Main differences between tariffs:

• Free. Only for YoBit exchange. Scalping only. You can only run one thread at a time. It is not possible to use filters and indicators, DCA (averaging), profit trailing, or connect notifications.
• $17/month ($13/month if purchased for six months). Adds support for Binance. In addition to scalping, there are Classic Long and Classic Short strategies. You can run up to 20 threads simultaneously. More than 22 filters and indicators are available, trailing profit, DCA (averaging), notifications.

Both tariffs have functions for automatically selecting parameters and tracking statistics in the cloud on the website.

How to withdraw money?

To withdraw earned money from the Eobot Mining service, follow the following instructions:

• We open a personal account.
• Select the “Withdraw” section.
• A list of digital currencies available for withdrawal will open.

• Next to each coin, you can specify the wallet address, as well as the amount of manual and automatic withdrawal.
• We specify the minimum available withdrawal size and select the withdrawal type.

Let's explain the last point of the instructions a little. If automatic withdrawal is set, then the money will be transferred to the wallet balance without user intervention as soon as the amount you specified is generated.

In the case of manual withdrawal, you just need to indicate the amount of funds to be withdrawn, and then click on the “Manual Withdraw” button. Coins will be credited to your account balance within 24 hours.

DOM Expert

DOM Expert is a tool that can be found in your Stratum-Bot personal account. Free for paid plan users, supports Binance exchange. Used to analyze order books on exchanges. Analyzes currency pairs around the clock, helping to find pairs with good liquidity and wide spreads. A very useful tool when choosing a pair for scalping.

It looks like this:

dom expert

You can sort the table by any column or manually enter data for filtering using the fields slightly higher. When you search for columns with numeric data, all results that are equal to or greater than the value you specify are displayed. The panel located even higher allows you to specify which currency pairs to display - for example, from the top 30, favorites, or all of them.

Data is downloaded from the exchange continuously, but there are a lot of pairs, and it takes the program six minutes to go through them all, so information on each specific pair is updated on average once every six minutes. You can click the “Update data” button to manually download the update.

There is also a similar tool for YoBit – https://btn.plus/exe/2.

How much can you earn?

It is unlikely that miners working on Eobot will be able to make a profit really quickly. Let us argue this point of view in the context of a real example.

As mentioned earlier, the maximum rental period for computing power is five years. Therefore, with such a contract, it is not entirely appropriate to take into account calculation formulas based on the dynamics of changes in the price of a specific cryptocurrency.

Most likely, the first 12 months of work will be spent covering the costs associated with purchasing the contract. However, over the next three to four years, the miner will receive a net profit.

In this regard, the issue of the further functioning of the cloud mining service comes to the fore. Eobot has serious competitors that need to be resisted, as they work using an identical algorithm.

For example, hashflare.io allows you to double the funds invested in purchasing a contract within 1 year. As mentioned earlier, on Eobot for the same period you can, at best, break even. To get specific numbers, use a mining calculator.

general information

Reviews about CGminer 2022

User reviews about CGminer
CGminer has received a positive response from the audience. Most miners note the ease of use of the software, the presence of many useful options, its versatility and compatibility with the OS.

Reviews about CGminer

At the same time, users also note some difficulties with the mining settings via the console. Still, the lack of a GUI does its job.

Reviews about CGminer

In some reviews, miners complain about the lack of a convenient source of information for finding updates. Read over 800 forum pages on BitcoinTalk —

It's quite a tedious task.

Reviews about CGminer
Thus, the use of CGminer is currently only relevant on some ASIC devices. With the current profitability of CPU and GPU mining, using older versions of CGminer is only suitable as a theoretical material for learning mining, rather than a real way to make money.

Where to download CGminer

How to download CGminer
Many sites offer CGminer for download, but you can often encounter unsafe resources where malware can be downloaded to your computer along with the software.

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To protect your device, we recommend that you always give preference to downloading software from safe sources offered by the developer himself.

And these are two sources:

• Developer's website;
• GitHub.

CGminer for Windows

CGminer is compatible with Windows. The client is presented in the form of a boot file that adapts to your OS using a specific configuration procedure.

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At the same time, it is worth noting that the developer recommends using a more universal 32-bit version of the OS. It is believed that building for Win64 has no advantages over Win32.

To configure the client, you can use the build guide for Windows, presented on the official CGminer page on GitHub.

CGminer for other OS

CGminer is also compatible with Linux and OSX operating systems.

At the same time, the developers convince that each OS has its own advantages for mining. For example, using CGminer on Windows allows miners to use overclocking tools that give a greater mining effect than on Linux.

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And, in turn, Linux guarantees more stable and secure operation of the client and provides remote monitoring functions.

Therefore, the choice of a miner comes down only to his personal priorities and ease of use.