Eobot Cloud Mining Experience

In late 2014, the bitcoin cloud mining craze started to pick up in certain circles and I being the band wagoner that I am got swooped away on it. After I signed up, I almost immediately screwed something up. Eobot has a policy of a 6 month wait time for all PayPal Deposits which meant I was unable to withdraw (Which I would soon find out). I put $18 in excitedly, I made three dollars profit in the first month! After that, I realized I could not withdraw and promptly forgot about Eobot. After nearly a year I remembered I had the account and logged back in. To my surprise, my BTC balance had not gotten that much higher from when I had left it. This was due to (as I later found out) the leap of block difficulty making it more hash extensive to mine. I played around with the many new currencies that they added since my departure a year earlier and found, regardless of what currency you mine you will make the same amount (It's all mined in BTC first and then converted into the currency of your choice) unless you account for currency fluctuation which can make you a penny or so richer or poorer. After I figured that out, I was able to have a decent ($2-$3) return from something I did not expect to get any return from after that. 

Using Eobot was a fun learning experience and for that I give Eobot 8/10 plus all the issues I had were because of my own ignorance and lack of research into bitcoin (i.e. not reading up more on what hashrates were). To this day I continue to use Eobot, I have cashed out all of my initial investment as well as my earnings in waiting for GHS 4.0 (Edit: I did so because GHS 3.0 was fluctuating a great deal in prices and I did not want to lose money).

I had a shameless plug here in the original article on bitlanders.com. Please note though that this article has been edited for grammar and some minor errors. 

Disclaimer: I am a noob of the nth degree and am not qualified by any means to talk about bitcoin cloud mining as an investment. This is just my experience with Eobot.com . I originally published this on Bitlanders, The original article is available at the bottom of the page.