ECOS BTC Mining Channel

What does Proof-of-Stake mean? Proof-of-stake (PoS) is one of the ways of preventing double-spending of cryptocurrencies. The consensus algorithm was originated from Bitcointalk forum initiated since 2011 in order to discuss and solve problems with the main algorithm at present, Proof-of-Work (PoW). Despite the similarity of the reason they were created, their methods are totally different from each other. Bitcoin and Ethereum are two most expensive kinds of cryptocurrency with the biggest market cap, both of them are working with the help of proof-of-work. Despite this, Ethereum is possibly going to work on the basis of proof-of-stake in order to expand the flexibility of the blockchain and minimize energetic expenses. Means of Goal of Consensus Read the full article here

CryptoKitty - a virtual cat - which can be collected and traded like digital Pokemon cards. Launched in 2017, CryptoKitties are now being sold for millions, but the average price is about £175. They all have different attributes: patterns, colours and "purrstige". Would you like to become the owner of such a pet? If you are interested in more popular NFTs, take a look at our portfolio “NFT Index”

More than 8,000 cases of cryptocurrency crimes were reported to Action Fraud in the UK last year, up from just 704 in 2016. In just four years, reports of such crimes have gone up by 1,150%. Bitcoin (BTC-USD) has the most crime reports of any currency, totalling 23,492 reports since 2016, which the report said “can be expected” as it is the most dominant crypto in the market. Beware of scammers! Please always remember that the payment for any ECOS services is done only via the website ecos.am or the app! Never transfer any funds to some external wallets🙏

Gen Z is ditching traditional investments—but with caution The next generation of investors are super online ⁠— instead of traditional investments, many Gen Z and young millennial investors, from teens to those in their early 20s, are bullish on cryptocurrency and the technology that surrounds it. This includes digital coins and blockchains, like bitcoin and ethereum; meme coins, like dogecoin; NFTs, or nonfungible tokens; and DeFi, or decentralized finance. Our portfolios have very loyal prices and even a student can afford it😎👍

Cardano Founder: Ethereum Will Overtake Bitcoin Cardano founder Charles Hoskinson has predicted a quick victory of Ethereum over Bitcoin. Charles Hoskinson talked about cryptocurrencies and why he believes ethereum is poised to overtake bitcoin in the near future. He started by talking about the speed of bitcoin transactions. Pointing to the sluggishness of the network and how slow it is in comparison to other proof of stake networks.One of the ways Hoskinson said that eth was better than bitcoin was the flexible development culture associated with it. Focusing on ethereum in particular, he said that the coin outperformed bitcoin in so many ways. Do you believe in ETH? Ethereum is represented in many of our portfolios like “NFT Index” and “Top 10 Index”

Guys, We are happy to announce the winner of the 2-week YouTube giveaway! 🥳🥳 Watch the video to find your name! If you are one of the Winners, please contact ECOS community manager Anna on Telegram at @anna_ecos or via email ka@ecos.am to claim your $100 prize. https://www.youtube.com/watch?v=IYxQ4DRFhyE

Coins vs tokens So, you stumble into the world of crypto and think you’ve got it all figured out: you’ve got some crypto, you’ve downloaded a crypto wallet, and are waiting to become crypto-rich since you know the future of cryptocurrency is bright. But then you notice that people are using all these different cryptocurrency terms that you can’t understand. Especially «token» and «coin». Aren’t they all just cryptocurrencies? Coin A coin is a digital currency created using encryption techniques and has its own blockchain, within which coin transfers take place. The earliest and best-known coin is Bitcoin (BTC), which is transferred within a single blockchain. Read the full article here

Investment needs diversification, so it is better to invest not only in bitcoin, but also in promising altcoins. In our video we will tell you which assets you should pay attention to. NEW GIVEAWAY!🎁 And we are happy to announce a new YouTube Giveaway! Win a $100 Bitcoin mining contract! Get all the details in the video description https://www.youtube.com/watch?v=BpNIEAKJHBM

Congratulations to the winner of the Guessing game - Rajkishan Shekhawat!!🥳👏🏻 His guess was $33925 for 1 BTC and it turned out to be $34011! (on https://bitscreener.com)!🥳👏🏼 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!☺️ Watch ECOS news digests to take part in the Games!☺️😉

Satoshi Nakamoto: Why is He Important to Bitcoin? You may have heard the name Satoshi Nakamoto at least once in your life. If not, you may have heard of cryptocurrency, or more directly, Bitcoin. What does Satoshi Nakamoto’s name have to do with Bitcoin? This is the only name that has been seen in Bitcoin’s white paper. The Bitcoin white paper is the original proposal to the public to adopt Bitcoin and a decentralised system in the crypto-economy. Thus, it is believed that the person who is identified as Satoshi Nakamoto is considered the inventor of Bitcoin and the man who revolutionized the modern market. Does anyone have any idea who Satoshi Nakamoto really is? Read it in our article

Bitcoin (BTC) broke down on June 22 falling to a low of $28,805. However, it rallied back up almost immediately, reaching a close of $32,509. The next closest resistance levels are at $35,070 and $36,540💪🏻💪🏻

Canadian courts assist crypto recovery Canadian courts have shown consistency in their helpful approach to recovering cryptocurrency. As a relatively new investing option, the cryptocurrency space is largely unregulated and has quickly become a target for fraudsters. As a result, courts have been asked to opine on applying criminal and civil recovery remedies to this digital asset Judicial protection from scammers is really needed. We hope one day it will be distributed globally and ECOS clients will stop suffering from а huge number of scammers😄🤞🏻

Robert Kiyosaki predicts a fall in the price of bitcoin to $ 24,000. The bestselling author of Rich Dad Poor Dad and entrepreneur expects "the biggest crash in world history." He called it "the best time to get rich."

📣Guessing game day!🥳🎉🎁Take part and win a Bitcoin mining contract!🏆 🤩The rules are very simple – you need to guess the BTC exchange rate tomorrow at 6 am EST time. We will be checking it on https://bitscreener.com/ The Rules are: ✅Write your rate in comments under this video https://www.youtube.com/watch?v=Am2eHByPuHY ✅You would need to write My guess is … ххххх$ ✅1 user = 1 guess! ✅Hurry up until we close the comments!🏃🏼‍♀️🏃🏽😉 ✅The one who is closest to the BTC actual rate tomorrow at 6 am EST will win a free mining contract🎁🥳 Take your chance to win and good luck!😘

Watch ECOS news digest to find out when the interval between the mined blocks was almost two hours instead of 10 minutes set by the algorithm. And find out why it is better for us! Write in comments what BTC rate you expect on June 23 (please write the exact figure)! And we will see who wins! https://www.youtube.com/watch?v=Am2eHByPuHY

Definition of ERC-20 Token Bitcoin was the first globally renowned cryptocurrency, while Ethereum was the first blockchain-based cryptocurrency with a large variety of certain means in one single net. For these means to be available and work steadily, it includes the function of accepting other tokens in its net, which are called ERC-20 tokens. Just like other cryptocurrencies, ERC-20 tokens can be subjected to various operations in one single profitable network. Except for it, ERC-20 are also used defined as Ethereum affiliates – apps, finance, exchange (DEX), etc. ERC-20 is characterized by fixed supply in order to prevent the negative impact of inflation. Despite this, some ERC-20 tokens have an extended supply, which allows preventing the shortage. Certain ERC-20 tokens also have a price indicator that can be equal to that of another ERC-20 token, it represents its fungibility. Read the full article here https://ecos.am/blog/2021/06/21/definition-of-erc-20-token/

Bitcoin bandits were trying to scam a man Scammers cloned the phone number of Shannon Garda Station and persuaded a local man to lodge €5,000 cash into a Bitcoin machine. Fortunately, after contacting gardaí in Shannon the man was able to retrieve his money. This is just one of numerous reports of scams operating in Clare during the week. Scammers are very active in the cryptosphere. Beware of them! Please always remember that the payment for any ECOS services is done only via the website or the app! Never transfer any funds to some external wallets🙏

ADA Remains Indecisive Around $1.5 as Bulls Struggle With Momentum Cardano sees extended consolidation which, if history is any indicator, is likely to end with a huge move. ADA has been consolidating for almost a month now as it trades inside a symmetrical triangle pattern. It surged higher at the end of May but found resistance at the upper boundary of the triangle at the start of June. If you want to diversify your investments with ADA, take a look at our portfolio “TOP 10 Index” Install ECOS app now: iOS https://cutt.ly/gzMK3X4 Android https://cutt.ly/HzMKKGk

Auction Day! The auction lots are 3 mining contracts: $510 contract – 2,63 th/s, 930 days, 0,05 service fee $650 contract – 3,35 th/s, 930 days, 0,05 service fee $730 contract – 3,76 th/s, 930 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