ECOS BTC Mining Channel

💰 Youtube blogger Crypto Rick told about how you can get a free mining contract using ECOS. It's simple!

🚀 Bitcoin just broke through an important psychological mark of $ 8,000 and is most likely to continue growing. We recently told you about the reasons for the possible increase in the cost of cryptocurrency №1. Let’s do that again! https://medium.com/ecos-am/bitcoin-halving-2020-what-to-expect-110b8003f52a

📈Let’s go buddy! How fast will hit 8 thousand? What do you think? As of Wednesday, April 29, The №1 cryptocurrency is trading at $7969,00 now, according to Bitstamp. 🚀Subscribe to our social media to get all the updates from blockchain world! https://linktr.ee/ecosmining

⚡ What methods of making money on cryptocurrencies do you know? In our new article, we told you about three main cryptocurrency strategies for beginners! But it also must be useful for professionals! Why not? 😉 https://medium.com/ecos-am/cryptocurrency-business-strategies-for-beginners-408315601dc1

​​🚀 ECOS launches the new section - express interviews with experts! Within this section, we will discuss bitcoin, blockchain and everything related to it with invited experts. Today we talked with fintech consultant and ambassador at Bankey, Martin Chicon. - Hello, Martin! We have three simple questions - we need three simple answers. Let’s start our interview? - Hi there! Yeah, let’s do that! - What will happen to Bitcoin Mining as a business? - In my opinion, as bitcoin halves there will be a greater demand for Bitcoin mining and this will lead to a higher valuation of companies, which are engaged in BTC mining process. - What is expected to happen to BTC network difficulty? - As we cross the bitcoin halving event milestone, the network difficulty will only increase, i think. Thus, the higher computing functionality and power will be required, which only the most sophisticated and professional miners will be able to meet. - What will happen to the BTC exchange rate after the halving? - The BTC exchange rate will most probably rise exponentially. Also, i think, the halving will make Bitcoin one of the hottest and most sought after cryptocurrency on the market, especially in relation to current events and world market conditions.

​​🤪 Are you screwing around? If you are, then this article is for you. Today we will tell you about 5 tips to not go crazy from idleness during quarantine! Let’s go! 👨‍🎓 Learn! Many online schools have made freely available some of their fee-based courses, and now everyone has a great opportunity to get a new skill or to learn the basics of a new profession for free. By the way, ECOS doesn’t stand aside! You can find a lot of educational videos about cryptocurrency and blockchain, as well as webinars on the current topics on our youtube channel! Wanted to learn something new? Now is the best time! 👨‍🍳 Cook something! Check how much money you spent on food delivering services. Surely a lot. Make something you cannot order! For example, cook the IKEA meatballs. By the way, recently the Swedish company published a recipe for them! 🏋️‍♂️ Do a workout! If you are disgusted by any thoughts of food (we checked - it is possible), it means that it's time to take care of yourself. It turns out that you do not need a gym for it! Do not look for excuses now and you will find out that you look better than most people after self-isolation period. 📖 Read! Go to the screen time settings on your phone, and you will understand what you are spending your days on. I am not your mother, but i’ll also say that books are more useful than social networks! Download the book directly to your smartphone or look into your dusty bookcase. What to read? We recently told you about the top three books about Bitcoin and crypto. You can start with them! 💵 Earn money! Quarantine is a great time to discover new sources of income. Yes, many areas have suffered a lot, but someone continues to earn! How? For example, on Bitcoin mining! Do not know how to start? We will teach you! Have no space for equipment? You do not need it. You can purchase devices and place them on our hosting in the mountains of Armenia, without leaving your home! “But this is no longer relevant?” Tell this to the thousands of new miners joining the network now, during the growth of bitcoin.

​​Last week, WTI (Western Texas Intermediate) oil prices fell below zero for the first time in history. 🔘 No one needs oil anymore? No, this is not the case. You need to know that the only one type of WTI contract has broke through a zero mark - May Futures (CLK20). It was a delivery futures contract - concluded and prepaid for the delivery of goods in the future. The point is such futures are convenient for stock-market speculation. Traders usually deal with them when they are confident that they will be able to buy and resell oil under the contract before its execution time. In other words, May futures for WTI is a contract for real oil, which had to be delivered or accepted during May. 🔘 What went wrong? Most of the US oil storage facilities are concentrated in a small American town Cushing, Oklahoma. WTI oil futures are attached to supplies to this city. The problem is that Cushing's oil storage facilities were 67% full, thus some of the reservoirs are reserved and cannot be used for stock-exchange’s contracts. It turned out that it was practically impossible to place real oil at oil storage facilities by the deadline. 🔘 Why did the price turned negative? Traders who had contracts on their hands were ready even to pay someone to get rid of them. Because in other case, they would have to do something, what they are not able to do - to accept the real oil. 🔘 What was the result? Due to the fact that it happened for the first time, it caused panic on the market, which affected the June futures contract for WTI - traders foresee the same problems with it. Experts say that the oil market is also capable of other unpleasant surprises. Oil consumption decreased by 30% worldwide, but oil workers don’t want to reduce production and preserve the oil wells. 🔘 What happens then? Obviously, the world is changing and oil will no longer be in demand after some time. Humanity will switch to alternative sources of fuel, which would affect the world of finance, too and cryptocurrencies would replace fiat money. Many experts already say that investing in Bitcoin now is one of the best ways to make money in the future. You can start doing it now with ECOS.

⚡️ “I think the bitcoin structure was quite brilliant. It bypasses currency controls, and crypto is a far better way to transfer value than pieces of paper. That’s for sure. Without a doubt.” - Elon Musk.

😉 We promised to tell you how to invest your time, while you're at home. We promised - we tell! https://medium.com/@ecosmining/top-5-ways-to-make-money-on-cryptocurrency-during-quarantine-6b558802279e

​​Hi there✌️ Have you started following the telegram channels we advised you? Cool, but probably you still have a lot of questions. We’ve prepared a compilation of videos from our YouTube channel, which will help you to fill gaps in your knowledge of cryptocurrencies, blockchain and mining! 📌 What is bitcoin? How does it work? What is mining? Click on the link to find out! 📌 What is blockchain? Why can’t cryptocurrencies exist without blockchain? It is hard to start mining without knowing these facts! 📌 How to start bitcoin mining? We told you about all available ways to start mining of the first cryptocurrency! 📌 Do you know, that you can start mining from home right now? Our expert is here to tell you how to do that! 📌 Finally, we took into account all questions, which we are getting from our customers and answered them. Watch the video! Stay at home and mine with ECOS!

✂️ Bitcoin halving is coming! We've answered all of your questions regarding it in our new article 😉 https://medium.com/ecos-am/bitcoin-halving-2020-what-to-expect-110b8003f52a

​​⚡️ According to the forecasts of the famous cryptocurrency analyst Dave the Wave, the Bitcoin exchange rate can reach $400000 by 2029. Thus, he updated his long-term forecast based on the price history of BTC. According to the graph, Dave the Wave expects an increase in the value of the first cryptocurrency up to $130000 by 2023, and then a gradual deсline to $ 40000. After which, according to the analyst’s forecast, the Bitcoin exchange rate will gradually increase to $400000. Let us recall that the predictions of Dave the Wave regularly came true. In particular, in July 2019, he predicted a drop in the price of bitcoin from $11600 to $6000 by the end of the year. Bitmain’s co-founder Jihan Wu have partly confirmed his prediction, suggested that the bitcoin price would not grow rapidly after halving. “We need to take a long-term position” - the entrepreneur added. 💬 “I think that halving will force miners to prefer a wait-and-see approach. In the past, hashrate and complexity grew before halving and after, but along with this, the price of bitcoin also increased. We don’t see such a tendency now, so according to my calculations, the hash rate of the Bitcoin network will drop by 20% after halving. ” - the co-founder of Bitmain said. However, other opinions also exist. For example, Morgan Creek Digital investment company co-founder Anthony Pompliano said in a recent interview with “Tech with Catalina” YouTube channel that Bitcoin is on the threshold of growth. “I believe that bitcoin will reach $ 100,000 at the end of 2021. The reasons for the growth will be macroeconomic conditions and halving,” - Pompliano said.

📈Wow! Bitcoin is on its way to the top! As of Friday, April 24, The №1 cryptocurrency is trading at $7532,49 now, according to Gemini. 🚀Subscribe to our social media to get all the updates from blockchain world! https://linktr.ee/ecosmining

​​In our articles, we often tell you about the ECOS mining hotel. Today, in the “Tips for Beginners” section, we will tell you more about how mining hotels work and explain how you can make money from it right now. 🔷 What is mining hotel? This is an industrial place where anyone can leave their own mining equipment. Typically, the area of mining hotels is well guarded, well ventilated and cooled to ensure the ongoing process of mining cryptocurrencies. 🔶 Why is it popular? All miners started from the same thing: buying equipment and installing it at home. As you know, home mining causes many problems - limited power, constant noise, huge electricity bills and so on. In connection with that, the demand for mining hotels, which solve all these problems, has increased. In addition, mining hotels usually have access to cheap or free electricity, which greatly increases the profitability of such earnings compared to home or garage mining. 🔷 How much does it cost? It depends on where the mining hotel is located. For example, ECOS mining company has its own quota at the capacity of the thermal power plant, which makes the prices of our services more attractive comparing with other companies. Pay attention to legitimacy of electricity the hotel uses. Otherwise you may one day lose your equipment, all such risks are described in our article. 🔶 How does it work? Right now you can visit our website, purchase equipment and place it on our hosting in the mountains of Armenia, without leaving your home! You don’t need to spend your time on choosing devices and bother with their installation and maintenance. We’ve assumed it all! That's why mining hotel is a great option not only for professionals but also for beginners. Also, specially for you, we have prepared a video about how the ECOS mining hotel functions! Stay at home and mine with ECOS!

​​This week, the price of WTI oil fall below zero for the very first time, and the number of people infected with coronavirus exceeded 2.5 million ... Wait! ⛔️ We are tired of bad events, as you are, that’s why we have prepared a good news digest to cheer you up a bit! Let’s go! 🐆 The population of the rarest cat has increased! Specialists of the Russian Land of the Leopard National Park, established specifically for protecting rare cats, reported an increase in the number of leopards! Camera-traps recorded 97 adult leopards, which is 6 more than a year earlier. On April 5, the park turned 8 years old. This territory is the main stronghold of the world's rarest large cat population. 🐛 Scientists have found an insect, which will save the planet from polyethylene! About 40 countries have already abandoned the use of polyethylene. Why? This material decomposes for decades, thereby having a negative impact on the environment. However, most countries still use polyethylene. A wax moth can fix everything! Scientists conducted a series of laboratory tests and found that one hundred caterpillars destroyed about 90 grams of polyethylene in 12 hours of contact with this substance. This is much more than bacteria, which were previously considered as the best destroyers of polyethylene. 🍴 IKEA shares meatball recipe! “Staying at home can be hard, but we want to help make everyone’s lives that little bit easier and more enjoyable.” - says IKEA Food Manager Lorena Lourido. And they really helped, because now you know what you will eat today for dinner! Write it down! The meatballs only require seven ingredients: 500 grams of ground beef, 250 grams of ground pork, onion, garlic, breadcrumbs, an egg and milk. The sauce is equally as easy and is made from butter, flour, vegetable stock, beef stock, heavy cream, soy sauce and Dijon mustard. Meatballs first need to be fried over medium heat, then place them in an oven heated to 180 ° C and leave for half an hour. What good things happened to you over the last week? Share the good news in the comments!

🔌 How much money can you earn by mining on a video card in 2020? 🤔 What mining equipment should you choose now? We've covered these issues in our new article. https://medium.com/ecos-am/overview-of-mining-hardware-2020-a4caf407c5fa

​​Yuval Noah Harari, a professor of history and author of international bestsellers shared his opinion on how our world will change after coronavirus in a recently published article that appeared in The Financial Times. According to Harari, there are serious concerns about the fact that the governments of many countries have introduced new means of monitoring people. For example, in China the government services scan people’s smartphones, use millions of face-recognition cameras and force people to report temperature and health conditions, resulting in the appearance of applications which warn citizens about their proximity to infected patients. It would seem that there is nothing new in that and such an approach will help many countries to overcome the epidemic faster, but the professor of history believes that’s not the point. “When your finger touched the screen of your smartphone and clicked on a link, the government wanted to know what exactly your finger was clicking on. But with coronavirus, the focus of interest shifts. Now the government wants to know the temperature of your finger and the blood-pressure under its skin.”- the author wrote. What would this lead to? According to Harari, “this would give legitimacy to a terrifying new surveillance system.” In his view, the technology that identifies a cough could also identify laughter, and if corporations and governments start to collect biometric data, they can get to know us much better. The writer claims that this can lead to the fact that governments will not only predict our feelings, but also manipulate our minds and impose goods or political decisions on us. Blockchain is a key. In his article, Harari does not say what would help humanity to get rid of such observation and manipulations, but obviously the only technology that has the power to do so is blockchain. At some point, humanity felt an urgent need for creating a decentralized financial system - that is how cryptocurrency appeared. And today we can easily imagine that if blockchain would be extended to other areas of our lives, including healthcare, this will help not only to increase the efficiency of fight against coronavirus, but also to ensure the inviolability of everyone’s personal data. ECOS uses additional security features to protect user data, meets the PSI DSS and GDPR requirements and ensures that customers' personal data cannot be leaked. We advise you to use the products of only those companies that you really trust.

​​😱 Traders lost about $ 23 million due to the growth of Bitcoin. Last week, the Bitcoin exchange rate increased from $ 6,600 to $ 7,150, which led to the mass liquidation of short positions on the BitMEX exchange. Clients of this trading platform lost $23 million in a few hours. According to CoinDesk, the growth in trading volumes supported the increase in the cost of cryptocurrency to the largest value for the month. According to analyst Omkar Godbow, Bitcoin will continue to grow soon. Let us recall that these are not the largest losses that BitMEX customers have suffered this year. On March 13, clients of this trading platform lost about $1.7 billion overnight due to the liquidation of contracts of 235 thousand users. One trader lost about $71 million per single trade. During the day of March 13, 2020, positions of players worth $5.8 billion were eliminated in total. This happened during the Bitcoin exchange rate drop, largest since 2013. The value of the currency had gone down from $7900 to $3800, according to rbc. As for the further destiny of Bitcoin rate - last week analyst Michael van de Poppe, Galaxy Digital head Mike Novogratz and BTCC crypto exchange head Bobby Lee also expressed assumptions that cryptocurrency will rise in price. 📈 Today, the first cryptocurrency keeps on growing and is currently trading at $7163, according to Coinmarketcap.

📈Is Bitcoin going to the moon now? As of Monday, April 20, The №1 cryptocurrency is trading at $7194,23 now, according to Gemini. 🚀Subscribe to our social media to get all the updates from blockchain world! https://linktr.ee/ecosmining

​​⚡️Mike Novogratz, CEO of Galaxy Digital told that Bitcoin price would go up by the end of the year during an interview with CNBC. According to him, the rate of the first cryptocurrency should start growing now, since there may not be better time for that. 💬 “This year should be the year of bitcoin. I expect at least a 100% increase in cost of the first cryptocurrency within 6 months, ” - Novogratz said. He added that in his view, the year 2020 is the best time for Bitcoin to overcome its historical maximum. Mike Novogratz is not the only one who supported Bitcoin this week. The head of the oldest Chinese cryptocurrency exchange BTCC, Bobby Lee, in an interview with Cointelegraph suggested that bitcoin could go up to $ 10,000, renew its historical maximum by the end of the year, and then rise to $ 25,000. According to him, halving may be the main driver of growth. 💬 “The fact that this is the first halving after Bitcoin has become a major investment tool for many people increases the potential growth of the price of the coin compared to 2016,” - Bobby Lee said.