ECOS BTC Mining Channel

💢Top-6 fears of miners 🤷‍♂️The more popular mining is becoming, the more fears miners have. 🔻Bitcoin will fail According to experts, price will reach $250,000 or even $1 million. 🔻won’t be profitable The cost of cryptocurrency will grow and the fear will disappear. 🔻the cost is expensive Rent equipment and save money on electricity. 🔻is illegal There is no any law in US or EU countries, which forbids mining. 🔻is too late The market will flourish soon, analysts say. So, it’s time to start. 🔻Lack of knowledge Ask specialists of ECOS for help. http://amp.gs/AbDZ

🤔How much money you can save by placing equipment in a mining hotel? ⠀ 📝If you decide to mine cryptocurrency, calculate costs. Besides several thousands of dollars, which you need to spend for hardware, don’t forget that you need to pay for electricity. That means, you need to pay every month additional several hundred dollars. How you could save some money? ⠀ 🤝You can place the equipment in a mining hotel. In this case, the amount of payments will be 10 times less. Otherwise, if you are not ready for big expenses, choose a reliable cloud mining service. http://amp.gs/Aapu

◽️What if you would buy used mining hardware? ⠀ 🤷‍♂️Some people prefer used equipment because of the opportunity to save some money. Otherwise, there is no any warranty which could cover the cost of the device repair. In this case, you will do it at your own expense. 🙅‍♂️Moreover, you need to be ready for problems with cooling system. A used ASIC has such kind of troubles 4 times more than a new one. ⠀ 💰If you want to save money, use a cloud service, where you can rent new hardware. It could be ECOS with minimum price contract $20. http://amp.gs/AXGA

What if you would choose a wrong copper wire cross-section in a mining hotel? ⠀ For efficient mining every detail is important. For example, a wire cross-section. From this choice working capacity of the whole net will depend. ⠀ If you will make a mistake with it, the net will overload. In other words, its speed will drop. And as a result, efficiency and your profit will decrease. ⠀ To avoid this problem, you should use a cloud mining service, where specialists can help to choose a wire cross-section and an equipment. For example, go to ECOS.

🤝We invite you on the largest international forum on blockchain, cryptocurrencies and mining «Blockchain Life 2019», which will be held on 16-17 October, 2019 in Moscow ExpoCenter situated on Krasnopresnenskaya quay, 14. ⠀ 👋Visit our booth G12, where we will show you the most modern mining equipment BITMAIN ANTMINER S17 and T17. The managing partner ECOS in Russia Ilya Goldberg will tell why today is the best time for mining. Only visitors of our booth will be able to win a 1-year contract for Cloud Mining. Right in our booth you will be able to purchase new miners, install them in the safe and official hosting or to place a pre-order for new models of miners at beneficial prices. ⠀ 💰You will also find out how to become our dealer or partner and how to start mining without equipment right away. Visit Blockchain Life and ECOS booth G12. We are looking forward to meet you!

🤔How to mine without hardware? ➖Somebodies say that you can mine Bitcoin in you mobile phone via an app. It was possible in 2010, but now the production capacity is high, and its level constantly grows. ✅️️️️️️️If you want to mine without hardware, you can use a cloud mining service. Tradi.tionally, customers pay fixed-rate payments for rental equipment and electricity. Although before investing analyze the reputation of company. ✅️️️️️️️For example, you can choose ECOS, the official operator of the Free Economic Zone in Armenia. http://amp.gs/AufS

​🤔Which mining rig you need in 2019? ⠀ The choice will depend on the following questions. ⠀ ✅1# is it profitable to buy? Calculate costs. Even the ASIC is rather cheap, analyze its level of energy consumption and efficiency. ⠀ ✅2#can you save your money? If you want to understand how crypto mining works, you can buy used equipment or rent a new model in a cloud mining service, like ECOS. ⠀ ✅️️️️️️️3# was it made by a famous company? Choose ASIC by reliable company. It could be one of mining giants, like Bitmain and GMO.

The Giveaway Results 😊 https://www.youtube.com/watch?v=gZSbeSt48a8

ECOS-CP19 для 30% скидки Happy to support ChainPoint — one of the most influential and diverse conferences in the space, to be held o n October 14-15, 2019 in Yerevan by Nooor Blockchain Armenia. The CEO of http://amp.gs/Ar3D Stefan Rust, the Chairman of FinTech Association of Hong Kong and the Global Leader of Crypto and Fintech at PwC Henri Arslanian, the Global Ambassador of Bitfury Marc Taverner, the Minister of Economy of Armenia Tigran Khachatryan and many more are among the speakers. ChainPoint will gather 500 participants and more than 50 speakers from over 30 countries. Come meet us at our booth and learn about the FEZ by ECOS. And exclusively for our community, you can book your tickets with 30% off by typing ECOS-CP19 as a promo-code. Thanks a lot 😉 http://amp.gs/Ar3J

​✅Top-3 cryptocurrency mining myths ⠀ Cryptocurrency mining sector is developing extremely fast. That’s why there are a lot of myths about it. ⠀ These are the top cryptocurrency mining myths. ⠀ ➖Myth #1 There are a lot of frauds This myth is related with cloud mining. Customers of cloud mining services can utilize a remote datacenter with shared processing power. They don’t manage the hardware. ⠀ According to media, sometimes people invest money and the companies disappear. One of these accidents happened in Apeldoorn (Netherlands). A man convinced more than 100 people to invest a total of $26 million in his mining farm. Otherwise, on the farm there were no computers, ASICS and other mining equipment. ⠀ If you don’t want to lose money, invest in a company with a good reputation. For example, it could be ECOS. It is the official operator of the Free Economic Zone. The government of the Republic of Armenia ordered to create the Zone. That means ECOS is reliable company. ⠀ ➖Myth #2 You can’t make money from mining! ⠀ Bitcoin will grow by 2020-2022, analysts expect. Some of them say that the price will be about $60,000. Other experts speak about $1 million as a Bitcoin cost. That means in short-terms cryptocurrency mining will become more profitable. So, don’t expect, when the coin will grow. Start investing in the market now! ⠀ ➖Myth #1 Mining is illegal In the US and European countries, it is not forbidden by law. Moreover, Malta became the first jurisdiction to provide legal to this space. As a result, the island became more attractive for investors. And many startups and companies from Switzerland, London and Hong Kong opened offices in Malta.

​🤝The reliability of cryptocurrencies Experts predict that cryptocurrency will rise in price from $8400 till $60000 or even $250,000. But what we know about the reliability of coins? In september hash rate of the Bitcoin Network has updated the historical maximum. We know that hash rate shows the processing power of equipment. The higher its level, the more secure the net is. Analysts expect that hash rate rises. So, the Bitcoin Network will become more reliable and inaccessible for hackers.

​🤔How to start mining? ⠀ ☝️Have you ever googled the word "miner"? You can find at least 1,5 million pages about it. Moreover, it is not so difficult to visit mining industry events in US, Latin America or in Asia as well. That means people are involving in this topic. Some of them even make money from mining. The others are just planning to do it. We hope that this text will be useful for readers from both categories. Let's see, how you can start mining step by step. ⠀ ☑Step #1 Choose a place ⠀ 🤔Decide where you will mine. It could be your home. Otherwise, in this case you need to be ready for spending a lot of money. To buy the equipment you need about several thousands of dollars. ⠀ A few years ago solo mining was more profitable, than now. One of the key reasons is related with increasing its production capacity. According to a new report by monitoring resource Blockchain, hash rate in Bitcoin's network has passed a record 102 Quintilian hashes for the first time in the history of the cryptocurrency. By the way, hash rate it is a unit of measurement for determining the processing power of equipment. ⠀ On the one hand, increasing capacity means that the level of security in the net is rising. So, the Bitcoin Network now is not susceptible for hacking. Although, on the other hand, miners need to have more effective equipment, and it will be more expensive. In other words, you can't earn money from solo mining. ⠀ ☑Step #2 Understand the process If you want to understand how cryptocurrency mining works, you don’t need immediately to buy hardware, which prices start from $2000. One of the options is to choose cloud mining service. As a rule, customers pay only fixed payments for rental equipment and electricity. For example, you can choose ECOS, where minimum price of contract is $20. ⠀ ☑Step #3 Just do it! 💰Digital market will flourish in the next years. In many regions, like in the US and Europe, officials are making efforts to legitimize it. That is why investing in cryptocurrency, especially in the mining sector, is a great opportunity to raise capital. ⠀ Don’t waste your time! Start mining!🚀

​ECOS is ready to answer all your questions!📝 ☑This Wednesday, on October 02 at 1 pm UTC time (4 pm of Moscow time) ECOS team is ready to answer any of your questions! ☑We will have a live stream to answer all your questions!😊 Join us on Wednesday and let’s have a live chat!☀👍

​How to find mining hardware?   A few days ago, Chinese crypto mining hardware giant Bitmain announced platform for connecting miners and farms. So, mining sector is developing rapidly. And now for being successful in this area you just need to buy efficient equipment. How to do it? ☑Advice #1 Calculate costs Even if you have already found a good ASIC miner, analyze its energy consumption and efficiency. In the las year Japanese company GMO released a new model of its hardware – B3. The ASIC price is about $2000. According to GMO, you can adjust the hash rate power optimally and the level of energy consumption as well. We remember that hash rate it is unit of measurement for the determining the processing power of equipment. By the way, it has maximum hash power of 33 Th/s and its maximum level of energy consumption is about 3417 watts. This equipment can mine $2,19 of cryptocurrency per day. That means, it will become profitable in 2,5 years.   ☑Advice #2 Save your money If you want to understand, how cryptocurrency mining works, you can buy cheap hardware. For example, it may be Bittech One Mini, which price starts from $880. Its hash rate is 16 Th/s/ The equipment consumes 1150 watts of energy. The purchase will bring the profit in 2 years and a few months. ☑Advice #3 Analyze different options Your choice will depend on your budget. You can buy A9 ZMaster by Innosilicon. Its price is about $10000. The company guarantees the lowest level of energy consumption. This ASIC mines $142 of coins per day. Otherwise, it was designed mostly for ZCach mining, which is price is about $37,16. Although, it has failed to 3,55% in last 24 hours. This information was published in Coinmarketcap.   First, decide, which coin you want to mine, then define the amount of investment. If you can do it, you will find good mining hardware without any problems!

​What is going on with Bitcoin? The exchange rate of one of the most popular cryptocurrencies has failed to 3,59% in last 24 hours. Now its price is $8131,14, according to Coinmarketcap. What does it mean for the market? To answer this question, we need to learn expert studies about it. According to Digital Asset Research, Bitcoin’s price will hit $60,595 by May 2020. It will be worth 7 times its current value. In this case, market capitalization of the coin will be about $1,25 trillion. Experts say, that one of the key factors, which will influence on the cost, is Bitcoin’s block reward halving. They explain, that in 2020 the reward for mining blocks will cut in half. So, Bitcoin will rise. The history of the cryptocurrency normally repeats itself. First time in 2012 the reward was cut in half. A year later the Bitcoin price increased 407 times! A little notice about the reward, its ammount halves every four year. In Digital Asset Research they notice the tendency to peak every third of the way through each halving reward cycle. If the forecast is wright, the Bitcoin price will reach $60,595. Otherwise, the forecast is modest in comparison to other predictions. For example, American venture capital investor Tim Draper expects, that by 2022 the cost of Satoshi Nakomoto’s coin will hit $250,000. And it will have about 5% market share of the world of currency. The billionaire comments, that now Bitcoin faces complexities, which are related with accepting it. It is the reason, why consumers still prefer to pay with well-established monetary instruments. Although, in the long-term people will choose digital coins. The traditional capital is closely connected with the political influence; the investor explains.  Also, Tim Draper mentions, that people would use Bitcoin for its decentralized ecosystem. Probably it could work in US. Moreover, the investor has high hopes for Argentina, where plenty of entrepreneurs lose their fortune in local fiat currency market due to manipulation and devaluation. Meanwhile, billionaire believes, that the digital market does not have such kind of problems. So, what is going on with Bitcoin? It is expecting to grow. And now is the best time to invest in the cryptocurrency, isn’t it?

ECOS cryptocurrency news

​The limited number of 180 days contracts are back in stock! 👍 Don't miss the opportunity!💰

​Dear friends, After a rigorous assessment ECOS Cloud Mining was listed on Cryptocompare as a legitimate cloud mining service: https://www.cryptocompare.com/mining/ecos-cloud-mining/ If you would like to get a free 0,1 TH you are welcome to leave a review under our profile, send us a screen shot in Telegram chat or help desk and we will grant you with a free hash power!

​While the whole community is waiting for US Securities and Exchange Commission decision on ETF, ECOS analyst says the decision may be made this Wednesday😎This may lead to Bitcoin significant growth📈 ECOS has installed a new batch of new ASIC devices and increased the overall capacity of our data center. In relation to this we have decreased the service fee for a whole range of contract plans🚀. Don't miss this opportunity to buy! 🔥🔥The offer is limited till the moment we sell all the contract plans.

​In 2019 Bitcoin has grown up to 200%📈. Are you still wondering if it's worth investing?😉 ☑Our advise is to be quick and to start mining now, until Bitcoin goes up🚀 As when it does the contract prices will follow 📊