ECOS BTC Mining Channel

China bans financial, payment institutions from cryptocurrency business China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative crypto trading. “Recently, crypto currency prices have skyrocketed and plummeted, and speculative trading of cryptocurrency has rebounded, seriously infringing on the safety of people’s property and disrupting the normal economic and financial order,” they said in the statement. China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

❗️Guys, a reminder❗️ Today is the last day to take part in ECOS YouTube Giveaway! 🏃🏼‍♀️🏃🏽 Win one of two Bitcoin mining contracts! 🎁🎁 Find all the details under the video: https://youtu.be/HEt5VvKW4Sk Find the results tomorrow! 🥳

Can cryptocurrencies replace fiat money? Even before the cryptocurrency boom in December 2017, some people expressed opinions that in the future, Bitcoin and other digital assets will become an alternative to traditional (fiat) money. Then only crypto enthusiasts believed in such an idea, but the current situation forces us to think more seriously about this issue. In this article, we will find out if cryptocurrencies can completely replace national money. We will analyze the current market situation, determine the strengths and weaknesses of the two types of currencies, and, based on the information received, try to understand what awaits us in the future.

Congratulations to the winner of the Guessing game - Chris Chalk!!🥳👏🏻 His guess was $40194 yesterday and it turned out to be the closest to the current rate of $40366!🥳👏🏼 Please contact @anna_ecos to claim your prize!😙 😉Guys, don't miss our next game - coming soon!👍 And check our tasks daily to win prizes!☺️ And don't forget to subscribe to ECOS YouTube Channel ☺️ - and take part in the Giveaway if you haven't yet!

BTC sinks below $40K Despite Bitcoin’s price grinding down to post local lows below $40,000, some analysts are finding reasons to be bullish. Popular analyst, Lark Davis, noted the recent downturn has pushed Bitcoin’s 14-day relative-strength indicator into oversold territory for the first time since March 2020, suggesting the crash may be nearing its plateau. Others are welcoming capitulation as a likely catalyst for a bullish recovery, predicting a swift return to upward momentum once selling has become exhausted. Twitter user “YHRW80” noted surging flows into Bitcoin’s spot and derivatives markets during 2021, concluding that the dominant emotion gripping the markets is “greed” rather than fear. However, Bitcoin’s Fear and Greed Index disagrees with YHRW80’s analysis, describing current Bitcoin market sentiment as “extreme fear.”

📣Auction Day! The auction lots are 3 mining contracts: $500 contract – 2,92 th/s, 744 days, 0,05 service fee $625 contract – 3,62 th/s, 775 days, 0,05 service fee $780 contract – 4,5 th/s, 775 days, 0,05 service fee 🔶CONDITIONS: - Starting price: $50 - The min bid step: $30 - The max bid step: $500 - The bid is valid for 3 minutes until we say “Sold out” Take your chance to start mining with most profitable conditions!! Join us today at 10 am EST in the chat

Guys, watch our news digest and find out what other things Musk did to drop the BTC rate further🤦🏼‍♀️ Write in comments what BTC rate you expect tomorrow, on May 19 (at 6 am EST) we will select the closest rate and will reward the lucky user! Hurry up before we close the comments! 😉 https://www.youtube.com/watch?v=FVxAwhKU5-I

Banking system consumes two times more energy than Bitcoin According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year. Compiled by Galaxy’s mining arm, the study estimates Bitcoin’s annual electricity consumption to stand at 113.89 terawatts per hour, including energy for miner demand, miner power consumption, pool power consumption and node power consumption. This amount is at least two times lower than the total energy consumed by the banking system as well as the gold industry on an annual basis, according to Galaxy’s estimations. Galaxy Digital’s analysis on Bitcoin’s energy consumption comes amid a major crypto market crash that follows Tesla CEO Elon Musk’s decision to stop accepting BTC as payment for car purchases due to environmental concerns. Musk’s move spurred wide-scale criticism from the crypto community, with some stating that SpaceX would have to switch its rockets to “more sustainable energy”.

Guys, we are happy to announce a new promotion! 🥳 🎁Now, at the end of EACH month, we will be randomly picking up 3 users among those who made any purchase during that month and will reward them! 🎁ECOS is giving away 3 extra Bitcoin mining contracts which are +10% to your purchased contract, selected randomly among all purchased contracts within a month. All you need to do is: ✅Make any purchase on ECOS DeFi platform during the month ✅The order IDs will be taken for the promotion, so the more contracts you get – the more chances you have to win an extra one. On the 1st day of each month check the results of the previous month😉. The promotion starts from May 17, 2021. Good luck!😊

Congratulations to the winner of the Guessing game - Abhilasha Jain!!🥳👏🏻 The guess was $47970 three days ago and it turned out to be the closest to the current rate of $48133!🥳👏🏼 Please contact @anna_ecos to claim your prize!😙 😉Guys, don't miss our next game - coming soon!👍 And check our tasks daily to win prizes!☺️ And don't forget to subscribe to ECOS YouTube Channel ☺️

Bitcoin market dominance falls to three-year low of 40% Altcoins have risen to a three-year dominance high after tagging a record combined capitalization of nearly $1.5 trillion last week. While Bitcoin tumbles in response to Elon Musk’s Twitter account yet again, altcoin dominance has surged to its highest level in roughly three years. As of this writing, Bitcoin represents 40.3% of the combined crypto asset capitalization — the lowest it has been since June 2018, according to CoinMarketCap. Bitcoin hit a market dominance low of 33% in January 2018 when it was cooling from its previous peak while the altcoins were just hitting theirs. It is currently not far off its second lowest level of 36%, three years ago in May 2018. The combined capitalization of altcoins is currently sitting at $1.25 trillion after establishing all-time highs of almost $1.5 trillion last week.

Guys, Find out in ECOS news digest: ✅What are the main reasons why BTC rate dropped ✅What should crypto investors do now Write in comments what BTC rate you expect on May 17 - on Monday (1pm Moscow time, 6 am EST) we will select the closest rate and will reward the lucky user! Hurry up before we close the comments! https://youtu.be/rsraTRyhQ7E

Guys! We continue this activity!🥳 Be the most active in the ECOS chat and win a free mining contract!🏆 The rule is: Starting from today you need to be active in the Chat, send once a day any interesting piece of news (a short story - 3-5 sentences, without the link) - just share anything of interest from crypto industry You can as well help each other and grow your reputation😊😉 On May 31 we will pick up the most active user and provide him with a prize!🎁 Good luck!😉☺️

Guys, I am celebrating my 2 year anniversary in ECOS! 🎉🥳🥳 ECOS was established in 2017 as you remember. I joined on May 14, 2019. Happy to be in the team, see how the company is growing and of cause to have all of you around!☺️😘😘

Congratulations to the winner of the Guessing game - R P!!🥳👏🏻 His guess was $51000 two weeks ago and it turned out to be the closest to the current rate of $50572!🥳👏🏼 Please contact @anna_ecos to claim your prize!😙 😉Guys, don't miss our next game - coming soon!👍 And check our tasks daily to win prizes!☺️ And don't forget to subscribe to ECOS YouTube Channel ☺️