ECOS BTC Mining Channel

Do you really know what mining difficulty is? Check yourself 🙃

😉 Hey, how are you doing? It's time to remind you about the best YouTube crypto channels. Subscribe and watch ✌️ https://medium.com/@ecosmining/the-best-crypto-youtube-channels-c806ec956e06

🧐 What do experts say about cryptocurrency and blockchain this week? There were many interesting views, let's remember the most memorable. https://medium.com/@ecosmining/ecos-views-what-do-experts-say-about-cryptocurrency-and-blockchain-this-week-4d56f7dbe88f

​​📉Good news! The bitcoin mining difficulty fell by 9.29% to 13.7 trillion of hashes at block 633,024 and it is expected to be decreasing further. The fall represented the second-biggest move of its kind since 2019. The largest difficulty drop for 2020 occurred on March 26, when the difficulty fell 15.9%. What does it mean? Weak miners leave, the strongest ones remain. Join us to make fast money on the expected growth of bitcoin. We know how to do it!

"I am very happy with ECOS that I have invested with 2 miners now and have good daily income. The support is very fast and helps competitively. Will try to invest in another miner as soon as possible. Have full trust in the company and especially in the location (Armenia). Wish the company good luck and good market growth as well 🚀". Hrant K.

What do you know about the history of bitcoin mining? How did it work in 2010? How is it going now? Find out by reading our new article. https://medium.com/ecos-am/lets-look-through-the-mining-history-its-raise-and-fails-b89a3f8cea0c

⚡️ There is a new video interview with Jimmy Song on our youtube channel. You need to watch it because of 2 things: 😨 It’s really interesting 🔥 Because of the BACKGROUND Jimmy has (you should see this!) https://youtu.be/_5j9vTzBfmU Enjoy it!

We promised to tell about the best crypto podcasts. It’s time to do it! 😉 https://medium.com/@ecosmining/the-best-crypto-podcasts-of-all-time-c67cd061a7e7

​​The misadventures of Chinese miners continue. According to 8btc, Yunnan provinces demanded the closure of 64 (!) mining farms, 7 of which are currently under construction. According to the source, the projects were implemented without approval from the local government. According to the same 8btc, some farms are already on sale. Yunnan, along with the provinces of Xinjiang, Inner Mongolia and Sichuan, is China's cryptocurrency mining leader - together they account for about 30% of Bitcoin's global hashrate. By the way, the Sichuan authorities also did not stand aside. If you missed everything, here’s a brief retelling: in early May the government announced their intention to support miners, but at the end of the month they said they would punish them and demanded to ban the mining of cryptocurrency. We don’t know how China’s state policy on cryptocurrency mining will affect bitcoin and its hashrate, but if China turns off its equipment, the complexity of the network will have to drop significantly and other miners will start to earn more.

⚡️"Cryptocurrencies will become more powerful". Darina Ishida interviewed Head of the Department of International Management at Modul University Vienna Horst Treiblmaier to understand how the blockchain technology will impact the business in a few years, whether it is possible to legislate Bitcoin and how long it would take for cryptocurrencies to become more powerful. https://www.youtube.com/watch?v=syKYn02jG-w

📈Wow! Bitcoin is back! As of Tuesday, June 2, the №1 cryptocurrency is trading at $10120,75 now, according to Bitstamp. 🚀Subscribe to our social media to get all the updates from blockchain world! https://linktr.ee/ecosmining

Did you know that? 🤔

​​May was very eventful! Let's recall the most important events in the world of cryptocurrencies over the past month. 🔷 Bitcoin halving The third Bitcoin halving took place on May 11. This time the miners’ reward decreased to 6.25 BTC for each mined block. The third halving in the cryptocurrency history was the most awaited event in the crypto world - it was celebrated by members of the crypto community around the world. Now everyone is waiting for Bitcoin price to grow. Indeed, the previous two halvings led precisely to an increase of the Bitcoin rate. 🔶 The TON project closure The American court did not allow Pavel Durov to implement his project - and this is very sad. The work on the development of the TON blockchain platform and the Gram cryptocurrency lasted for the past 2.5 years, and the project has managed to attract more than $1.7 billion. Many experts believed that TON would be able to turn the financial world upside down, but this did not happen. But we are sure, that it will take place one day. 🔷 Chinese government and miners “Love and betrayal” - this is how the relationships between the Chinese government and miners might be described! In early May, the Sichuan authorities announced that they would encourage mining companies, but then the government issued the requirement to prohibit crypto mining activities! Recall that Sichuan accounts for 9.6% of the whole bitcoin network. Accordingly, the complexity of the network will be reduced after the disconnection of these capacities. 🔶 Goldman Sachs conference Goldman Sachs is one of the largest investment banks in the world. Last week, the bank held an online conference for its customers, during which its representatives spoke badly about Bitcoin and cryptocurrencies. The reaction of the crypto community was immediate! Twitter was on fire - the Winklevoss brothers started to make fun of the bank’s experts, Adam Beck wrote that “Goldman Sachs aren't the smart money for a few more years” and Dave Hogson said that “Goldman Sachs has risked causing its investors to miss out on one of the best performing asset classes in the past 100 years, never mind the last 10”. It seems that Goldman Sachs experts are really not versed in analytics. 🚀And two days ago, Elon Musk’s SpaceX became the first private company to launch humans into orbit and it was very cool! That day will definitely go down in history as a turning point. And now we know who can send Bitcoin to the moon!

📈Bitcoin price is growing! As of Saturday, May 30, the №1 cryptocurrency is trading at $9515,13 now, according to Bitstamp. 🚀Subscribe to our social media to get all the updates from blockchain world! https://linktr.ee/ecosmining

​​«Hey Goldman Sachs, 2014 just called and asked for their talking points back», - Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, wrote on Twitter. His brother Tyler did not stand aside: «the more I think about it, the Goldman report is probably a head fake». Blockstream CEO Adam Back also commented on this: «Goldman Sachs aren't the smart money for a few more years: they don't get bitcoin digital scarcity, censor resistant asset class. With GBTC buying out 2/3rd of block reward, too early for followers. Good time for bitcoiners to stack sats, accumulate $BTC positions» - he said. 🔴 Who are Goldman Sachs and what caused this reaction? Goldman Sachs is one of the largest investment banks in the world. A couple of days ago, the bank held an online conference for its customers on the topic of current world economy conditions and inflation problems. A significant part of the conference was devoted to cryptocurrencies. During the presentation chief economist at Goldman Sachs Jan Hatzius expressed the opinion that “cryptocurrencies including bitcoin are not an asset class”. In addition, Goldman Sachs experts said that Bitcoin does not have legitimacy and did not show any signs of hedging against inflation. It is worth noting that the opposite opinion was expressed by Bloomberg analysts in April. They said that bitcoin is turning into a digital version of gold. 🔴 Are Goldman Sachs experts not versed in analytics? According to NEM Ventures managing director Dave Hodgson, Goldman Sachs competitors Fidelity and J.P. Morgan have already made significant investments in cryptocurrency. «By considering it unviable for its investors, Goldman Sachs has risked causing its investors to miss out on one of the best performing asset classes in the past 100 years, never mind the last 10» - Dave Hodgson added.

​​We continue to tell you about our wonderful staff! Today’s hero of the “ECOS inside” column is PR manager Darina Ishida. By the way, she is also the author of some articles in which we tell you about cryptocurrency mining in great details ;) 🔶 Before ECOS Article writing and illustration about 5 years experience. Lived few years in Japan, 2016 graduated from Tokyo Communication Art. Worked for a while in Japanese company Docomo NTT, telecom sector. Visited many countries of South Asian region. 🔷 About ECOS I am a cryptocurrency enthusiast and I want to know everything about cloud mining solutions – ECOS is the best company offering mining solutions, developing an End to End solution for the management, monitoring and maintenance of the Mining infrastructure which allows us to run a big scale Mining operations very efficiently! Also I highly appreciate its great highly skilled international Team! ECOS team members are pre-eminent technologists, global business founders, imaginative thinkers, developers, engineers, internet marketing strategist and self-starters. If you enjoy working in a dynamic, collaborative, and ever-evolving environment, ECOS is the place for you. 🔶 Personal fact I’m a big fan of Ghibli animation Studio – and had a great honor once to talk to maestro Hayao Miyazaki. 🔷 About the favorite place Favorite places – Kyoto (Japan) and Loung Prabang (Laos). Love a spirits of ancient Asian capitals.

Hey, friends! Our mining center continues its work in spite of halving and coronavirus! We have prepared for you a video on how our equipment is working right now! Straight from Armenia 😉 https://youtu.be/eaA7CHAKdnA

🤪 Yeah! One more article about halving! This time we’ll tell more about how it will affect the complexity of mining. https://medium.com/ecos-am/bitcoin-mining-difficulty-what-should-we-expect-after-halving-34fdaebe858

📈Bitcoin rate is growing! As of Thursday, May 28, the №1 cryptocurrency is trading at $9340,40 now, according to Bitstamp. 🚀Subscribe to our social networks to get all the updates from blockchain world! https://linktr.ee/ecosmining