MINING BASICS (its long but should get u started) This guide utilises the EOBOT platform.
Pictures to be added shortly ;)
To join feel free to use my affiliate sign up here, https://www.eobot.com/[email protected]
NB: Only you know the goals you have for yourself so do no ask for our opinion as to how much Mining hash power you should be obtaining, if this is a hobby, £200 about 0.03BTC => 180 GHs4.0 might be a test, however you will only earn about a few pences daily, but you will also still be earning on the appreciation of the cryptocurrencies (cryptos) on a regular basis.
Here are the steps to get you started.
1. You should open an exchanger account with Coindase, Kraken, Bittylicious etc and use your fiat funds (pounds) to obtain BTC, DASH, ETH or any preferred cryptos. For UK customers, bittylicious is recommended https://bittylicious.com, and the recommended crypto to purchase is LTC - litecoin due to its reduced spread when compaired to others.
2. You can start EOBOT Cloud mining experience with zero funds as described in step 5. below and add to the hashing power (GHs 4.0), otherwise select "deposit" from the bottow blue navigation panel and this will give you the deposit addresses to be used when moving your cryptos from the exchanger account to your EOBOT account. Also it better to fund your EOBOT account with cryptos as opposed to credit card / epay as the latter restricts you from withdrawing funds from your account immediately, eventhough this is the quickest way to fund your account. This protects EOBOT against fraud and chargebacks.
3. Once you have funded your account, select "exchange" from the bottom blue navigation bar and follow the prompts to exchange your cryptos to GHs4.0 5year cloud mining plan (this is the better first step, other strategies will be discussed later) and this will start your Cloud Mining experience.
4. Each day you log in to your account via the faucets system, you are credited with a few cryptos, you can use this and a combination of faucets to grow your hashing power (GHs4.0) using the exchange feature described in step 3. above.
5. Go to "Products" in the top blue navigation panel and select "faucet". follow the prompts and whatever is being mined at the time will be credited to your account, if you were mining DOGE, you will be credited a few DOGE coins.
6. you can mine 1 crypto, or a combination using the diversify feature in the top left dropdown which allows selected cryptos to be mined every 10 minutes, this is a good option if you want to your holdings.
7. Various Plans / Strategies
5year GHs4.0 mining - best plan to start as coins mined for 5 years and you can diversify between the various cryptos.
1year Cloud folding - mines for 1 year, not very profitable as its gives PDD towards medical research and gives a some curecoin as a reward (this curecoin can be converted to GHs4.0 hashpower )
1year Cloud Seti - mines for a year, not very profitable as sceintific research for ET's, and gives some gridcoin as a reward.
24hour GHs4.0 / Script MHs - 24H mining if you want to convert your 5year GHs4.0 to a crypto quickly ie liquidate or exchange a crypto and mine generate something over 24H. It will increase your overall crypto and account balance as the hashing power is used up and depleted after the 24hours, however It is not advised to use this as main cloud mining strategy as the fees are quite high.
8. Withdraw (pay close attention to the limits)- it is advised to not store large amounts of cryptos on the EOBOT system as its not very private, so get your cryptos to a safe place like a mobile wallet, hardware wallet when it gets to a reasonable value. you could do this manually or set automatic limits via the withdraw feature in the bottom navigation panel
Minimums: 0.002 BTC, 0.1 ETH/LTC/DASH/ZEC/XMR, 10 STEEM/CURE, 20 XRP, 1 REP/FCT/LSK, 100 MAID/GRC/GNT/BTS/XEM/BCN/DOGE, 1g GOLD
Miner/Tx Fees: 0.001 BTC, 0.005 ETH, 0.002 LTC/DASH, 1 BCN/DOGE/MAID, 0.01 XMR/STEEM, 0.0002 CURE/ZEC, 2 GNT, 0.1 LSK/FCT, 5 BTS, 0.02 XRP/REP, 0.2 GRC, 15 XEM
HAPPY MINING....
ntil later