You may ask yourself: Is it really worthy? Well, I get around 400 Bytecoins per month = 0.35 US dollars on May 8th, 2019.
220 Bytecoins (BCN) come from Cloud Mining, 180 BCN from Faucet per month.
Let's do the math: How much is 1 Bytecoin? 1 Bytecoin (BCN) = USD0.00087.
400 Bytecoins per month = 0.35 US dollars on May 8th, 2019. That's around 13 BCN a day = 1.1 cent.
7.3 Bytecoins come from clould mining, 5.4 BCN from Faucet every 24 hours.
Eobot was my first site, where I started to earn free cryptos.
I started with the famous faucet:
I earn aprox. 5.4 BCN every 24 hours. It's an investment of 1-2 minutes per day, type username, password and captcha.
Then on March 12th, I invested aprox. 5 dollars in cloud mining. The rental of cloud mining is per 10 years, the break even point (the point when you recover your investment) comes around in 21 months.
As you can see you can calculate your mining payouts. That means it's 7.24 BCN per day in average. Some days you can earn more, some days you can earn less; it has to do a lot with the price BTC/USD or BCN/USD. Bytecoin has been rising in the last months, over 60% from the beginning of the year, as I wrote in my previous article: https://www.publish0x.com/amazing-world-of-cryptos/new-rise-of-bytecoin-bcn-xwnkjk
Besides that on: https://www.eobot.com/user/2164887, you can exchange different cryptos, the only disadvantage might be higher commissions than in other sites. But you can withdraw at any time your cryptos and send to other exchanges, where you have more variety of cryptos, such as on: https://www.huobi.co/en-us/topic/invited/?invite_code=svw94.
In the previous chart you can see a variety of cryptos: such as Bitcoin, Ethereum, Litecoin, Bytecoin, Cardano, Cloud Mining and others.
Anytime you want exchange Bytecoin for other cryptos, you can do it, whenever you want.
I attach the details of my cloud mining contract in the lower part of the screen shot:
My monthly rate is 0.1936 USD, 2.32 dollars per year, so I will be recovering my investment at the end of the second year. Plus the contract started in March, 2019 and finishes in March, 2029. If you compare the last 2 charts, the system itself generated 2.3 Bytecoins in the last 8 hours. I don't do anything, Bytecoins are just being generated when I work, eat or sleep. It becomes passive income, or residual income; that means money works for yourself.
I want to also discuss one detail, Eobot used to have cloud mining for 24 hours, but as it was generating negative earnings in 2018 - it was terribly seen on cryptoholders' eyes, so the company changed it for the contract of 10 years.
What is the advantage of the long term contract?
According to my calculation it will generate you around 4-5% of your initial investment per month. The biggest advantage is that it will create you a lot of Bytecoins during the first year; and as I suppose less Bytecoins in the following years because the market signals the bullish trend of this crypto. Let's suppose: I will make 3000 Bytecoins in 2 years, and 1 BCN would cost 0.005 of U$ - that might easily become into 15 USD, that's a 200% of ROI on initial investment of 5 dollars.
Just imagine that either Bytecoin or Hydro reached 1 dollar value, can you just visualize the impact of that appreciation?
IMHO: cryptos will gain more public confidence not only due to the fact of their widespread, but also they may become alternative currency in case of some major currency failure, value reduction or if the investors flee out of stock markets. Remember nothing is impossible, but we have to be also down to earth, and always check it according the current technical analysis, short and long term.
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