Cloud mining without initial investment : how ?

By Sébastien Bellamy | My crypto explorations | 2 May 2019

When we start in the vast universe of cryptocurrency, we are often tempted, and I the first (I specify that I am myself beginner) want to mine to increase its income. Sadly, the equipment needed for mining is expensive, and the difficulty of mining makes it necessary to have a good initial investment to start mining.

Cloud mining ?

So I was interested in the cloud mining solution. The principle is simple: for a "rental of mining equipment", machines located no one knows where mine for you and you get the fruits. However, we are faced with a major problem: the entry fees are high, depreciation is over the term, usually one to two years, and nothing says that the box that offers you this service will not flow by then. And as I do not have 2000 € to spend for this kind of service ...

Faucets ?

I then turned to the faucets. These faucets offer you cents of cents, often in exchange for browsing on armored advertising sites and resolving a captcha. A fraction of Doge, a piece of Bitcoin (few satoshis in fact), it's really little, we will not survive thanks to that, but it's always fun. Moreover, if you are quite (very) persevering, these riddles can make a starting investment to allow you to start trading and generate some meager profits, which themselves will make small, etc. But do not be fooled, it's a very long process ... and slow!

A good use for faucets

But these faucets can also serve the cause of cloud mining, thanks to Eobot. This delocalised mining service is one of the oldest to my knowledge (created in 2013 it seems to me), and its prices are ridiculously low. So low that you can build a mining power for ... nothing! How? Easy: Eobot offers, in addition to its mining service, a faucet available in several cryptos, bitcoin, monero, steem, doge, etc. But also, and that's where it's interesting, mining power! When creating an account, you can choose to earn your daily GHs. These GHs, mining power, can then be used to generate crypto, but also, and that's where it's re-interesting ... additional mining power! (There are 2 who follow, bravo!). This mining power increases with time, you pair it with mining power earned via the faucet, etc ...

GHs generating GHs…

And to go further, you can use the earnings of your other faucets: transfer them to the wallets made available to you on Eobot, and buy additional mining power!

And there, you can watch your meter climb visibly. At first, there are many numbers still after the comma, but it's downright mesmerizing! And then, little by little, it increases faster, and so on.

Once you have reached sufficient mining power, you can start mining real cryptos! And of course, all this without even having to leave your computer turned on!