Halving did its first effect on mining websites

[smho_16]

I have a friend of mine who is complaining to me why the reward depreciated enormously right after the halving happened. I think it has yet to happen but he is insisting he used to made 0.002 bitcoin for a day in eobot, and now the he can barely make 0.0006 bitcoin per day.
If this is truly the case new generation of mining are needed or all the mining websites will close down really soon now.

[jack1111]

It is the bad effect of halving , the cloud mining sites will reduce the profit rates , because the miners output have been reduced , this is big problem for cloud mining sites like eobot , and I expect some sites will close soon , by the way , I am talking about Real sites like Genesis mining .

[dodgrad]

I have a friend of mine who is complaining to me why the reward depreciated enormously right after the halving happened. I think it has yet to happen but he is insisting he used to made 0.002 bitcoin for a day in eobot, and now the he can barely make 0.0006 bitcoin per day.
If this is truly the case new generation of mining are needed or all the mining websites will close down really soon now.

New generation of mining is already prepared for halving and distribution make Bitmain. Here you can find new ASIC:

https://bitmaintech.com/

If Bitcoin price will not go strongly up, all old miners will have to stop because of unprofitability.

[ps_jb]

he used to made 0.002 bitcoin for a day in eobot, and now the he can barely make 0.0006 bitcoin per day.
If this is truly the case new generation of mining are needed or all the mining websites will close down really soon now.

Oh, no - really?

His earnings dropped from $1.3 to $0.4 per day???

I dont think that global economy will survive from that drastic shock

Your friend should immediately start making new generation of mining! Otherwise I think that all the mining websites will close down really soon now.

[Raja_MBZ]

Well... this was expected, wasn't it? Now the real drama begins, let's just hope that there would be some more advanced hardware than before (as I don't think that they would be profitable now) to tackle off some profit.

Bitcoin value is either gonna go very up or very down pretty soon, time to purchase some pop-corns to observe it's stats.

[samcoin]

I see all Bitcoin news sites talking about the halving , it is very important event , sure no one will recommend investing in cloud mining until the price of Bitcoin shows some stability , the experts say that the price may move down in the first then it will rise up , this effect on the price has not begun yet as the price is still like before the halving .

[ajareselde]

he used to made 0.002 bitcoin for a day in eobot, and now the he can barely make 0.0006 bitcoin per day.
If this is truly the case new generation of mining are needed or all the mining websites will close down really soon now.

Oh, no - really?

His earnings dropped from $1.3 to $0.4 per day???

I dont think that global economy will survive from that drastic shock

Your friend should immediately start making new generation of mining! Otherwise I think that all the mining websites will close down really soon now.

Shouldn't the profit be exactly half times lower than what they were before the halving ? What he's describing is a lot lower than that..
btw mining sites won't close down that easy imo. Even tho halving happened, the price also rose a lot recently.

[BitcoinSupremo]

That just describes this sounds like a little scam going on from eobot, why should the reward go down that much and not go down only 50% like the halving did to bitcoin reward block ? Anyway better to not invest anymore in eobot and I hope your friend got his ROI (which I highly doubt it knowing that eobot goes down almost everyday in reward). We need desperately the new S9 or whatever they  are called.

P.S: Now that I am thinking the reward could be as you say as Eobot tends to go down in rewards pretty much almost daily because of the rising difficulty of the bitcoin network. Another good reason to stop cloud mining for good.

[target]

It is the bad effect of halving , the cloud mining sites will reduce the profit rates , because the miners output have been reduced , this is big problem for cloud mining sites like eobot , and I expect some sites will close soon , by the way , I am talking about Real sites like Genesis mining .

Users would have to think carefully before investing cloudmining then. Ever since these cloud mining companies always turn out to scam in the end. If you have the chance to mine yourself, maybe GPU mining.

Hopefully if price turn out to be great, it could turn out profitable for the miners still.

[OrangeSeller]

Is eobot a cloudmining site? I am asking this because I didn't used that. but if it is an cloudmining site then I would say that this could be there own drama. not an effect of halving. because cloudmining sites are just scam and don't belong to any mining rigs or farms.
they reduced users earning at they day of halving to be safe with peoples blames and also give users less.

(Note: It is my own opinion. it may be wrong. don't need anyone's agreement.)

[TastyChillySauce00]

Is eobot a cloudmining site? I am asking this because I didn't used that. but if it is an cloudmining site then I would say that this could be there own drama. not an effect of halving. because cloudmining sites are just scam and don't belong to any mining rigs or farms.
they reduced users earning at they day of halving to be safe with peoples blames and also give users less.

(Note: It is my own opinion. it may be wrong. don't need anyone's agreement.)

as they stated on their website's title above your browser's address bar, cloud mining and Bitcoin mining made easy , they also providing a software to make mining made simple but whether their cloud mining is kind of ponzi,i don't really know,never seen their mining rig

[alyssa85]

Well... this was expected, wasn't it? Now the real drama begins, let's just hope that there would be some more advanced hardware than before (as I don't think that they would be profitable now) to tackle off some profit.

Bitcoin value is either gonna go very up or very down pretty soon, time to purchase some pop-corns to observe it's stats.

Yes. I think somehow the miners thought the price would go up, but I think it's gone as far as it could and nothing much is going to happen for the next few months unless there is some economic disaster somewhere.

[Slow death]

This site does not have much popularity these days, do not believe it is profitable.

Owner: WHOIS privacy protected

Business Registration

Registered in California according to website, even though given telephone number (206) 350-3990 belongs to Washington. In both states there is no company registered with a name similar to eobot, also no FinCEN registration could be found.

At the moment the service has almost 230 thousand users registered, but apparently not that much of them actually have purchased a lot of hashrate for clud mining. There are two options available in the form of 5 year contracts – GHS 1.0 sold at $0.20 USD per GHS with a maintenance fee of $0.00232/GHS/Day and GHS 2.0 available at a price of $0.50 USD with a lower maintanance fee of $0.00117/GHS/Day. The first option offers cheaper price for the hashrate, but the profitability is much lower with the maintenance fee resulting in about 95% of what you mine. The GHS 2.0 contracts on the other hand are pricier, but with lower maintenance fee (apparently using AntMiner S5 as mining hardware) that is currently about 49% of what you mine. The mining break even time in months at the moment is almost 50 months for the GHS 1.0 and about 12 months for the GHS 2.0 cloud mining contracts according to the service stats. At some point there were also scrypt cloud mining contracts being sold as well, but these are no longer available.


Nov 1, 2015

imagine how the situation is now? if before had few people to buy contracts and in recent months this site has been the least of options for the blind that invest in cloud mining.

[ultrloa]

Is eobot a cloudmining site? I am asking this because I didn't used that. but if it is an cloudmining site then I would say that this could be there own drama. not an effect of halving. because cloudmining sites are just scam and don't belong to any mining rigs or farms.
they reduced users earning at they day of halving to be safe with peoples blames and also give users less.

(Note: It is my own opinion. it may be wrong. don't need anyone's agreement.)

as they stated on their website's title above your browser's address bar, cloud mining and Bitcoin mining made easy , they also providing a software to make mining made simple but whether their cloud mining is kind of ponzi,i don't really know,never seen their mining rig

You dont really see their rigs because all of them are scan they naming their site a cloudmining so they can really make their site appealing to hear by the investors since back then but i dont think those cloud mining sites still can fool big investors anymore, people now are more aware after Hashoceans running i think thats lesson learned from them so not to try invest with cloudmining anymore becauase all of them is ponzi scheme and will turn scam.

This site does not have much popularity these days, do not believe it is profitable.

Owner: WHOIS privacy protected

Business Registration

Registered in California according to website, even though given telephone number (206) 350-3990 belongs to Washington. In both states there is no company registered with a name similar to eobot, also no FinCEN registration could be found.

At the moment the service has almost 230 thousand users registered, but apparently not that much of them actually have purchased a lot of hashrate for clud mining. There are two options available in the form of 5 year contracts – GHS 1.0 sold at $0.20 USD per GHS with a maintenance fee of $0.00232/GHS/Day and GHS 2.0 available at a price of $0.50 USD with a lower maintanance fee of $0.00117/GHS/Day. The first option offers cheaper price for the hashrate, but the profitability is much lower with the maintenance fee resulting in about 95% of what you mine. The GHS 2.0 contracts on the other hand are pricier, but with lower maintenance fee (apparently using AntMiner S5 as mining hardware) that is currently about 49% of what you mine. The mining break even time in months at the moment is almost 50 months for the GHS 1.0 and about 12 months for the GHS 2.0 cloud mining contracts according to the service stats. At some point there were also scrypt cloud mining contracts being sold as well, but these are no longer available.


Nov 1, 2015

imagine how the situation is now? if before had few people to buy contracts and in recent months this site has been the least of options for the blind that invest in cloud mining.

Well they dont get much popularity its because i think the people nowadays are smart enough on not investing again on those sites after the scamming incedent happens on hashocean and bitsrapid,  thats why if there still someone risking their money and invest again well i feel sorry for them because they will be a scam victim if they didnt listen to some peoples advice and awareness about warning against investing on those sites.

[Herbert2020]

for the hundredth time mining websites also known as cloudminings are generally have nothing to do with mining and most probably they are not even mining anything because they own no equipment hence hashpower to mine anything. that's the way Ponzi scheme works.

[ultrloa]

for the hundredth time mining websites also known as cloudminings are generally have nothing to do with mining and most probably they are not even mining anything because they own no equipment hence hashpower to mine anything. that's the way Ponzi scheme works.

Ponzi works is clearly made by all cloudmining site theirs no really hard evidence for their equipements existance thats why all of them are gonna consider as ponzi scam and thats the reason why we strongly need to avoid any of those even though they got a lots of promotion,

we must bare to our minds that all hyips are PONZI and PONZI is clearly scam.

[coinzat]

cloud mining sites can not be used as an indicator for the rewards decline that much because we do not know for sure whether they mine or not. if your friend is mining in pool he may get better results

[Ardenyham]

cloud mining sites can not be used as an indicator for the rewards decline that much because we do not know for sure whether they mine or not. if your friend is mining in pool he may get better results

Just be aware. cloudmining sites have no any relation and connection with actual bitcoin mining. they don't even mine a single bitcoin in their whole life.
their site will just run with users investments(this line said millions time by lots of people but peoples still not ready to listen)
For example:
1: you invest 10$. they pay another user's payment from your money.
2: another person invest 20$, they pay you your payment from that person's investment.
and it continue for long time.. and this is obvious that when they pay users, users definitely start to trust them and invest more and more.
and then they'll prefer to walk away with all investments..


If they are reduced the earning after halving then it is nothing then their own plan to looks like real and people believe that this is must a legit sit.

[JeffBrad12]

that's true mining in the pool will giving a better profitable but maybe just a little after halving because you need to calculate about another factor to included in your gross income.

[JeffBrad12]

cloud mining sites can not be used as an indicator for the rewards decline that much because we do not know for sure whether they mine or not. if your friend is mining in pool he may get better results

that's true mining in the pool will giving a better profitable but maybe just a little after halving because you need to calculate about another factor to included in your gross income.