Best cloud mining platform - ecos.am

Mining Discussion
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ecos_mining
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Fri Oct 11, 2019 4:49 pm

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.

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ecos_mining
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Sat Oct 12, 2019 10:40 am

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.

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ecos_mining
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Tue Oct 15, 2019 3:50 am

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.

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ecos_mining
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Wed Oct 16, 2019 9:52 am

Is it too late for mining?

Some people say that cryptocurrency mining was supposed to be successful a few years ago. Although, experts expect market growth.

✅According to American venture investor Tim Draper, the Bitcoin price will reach $250,000 by 2022. Moreover, software founder John McAfee predicts that it will cost $1 million by 2021!

➕Also, nowadays market giants are expanding the business. For example, North American mining farm Plouton Mining is coming to California.

So, the market is growing. It’s time to mine!

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ecos_mining
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Fri Oct 18, 2019 6:01 am

How to choose mining hosting service?

Solo mining is becoming unprofitable. So, it’s time for hosting.

#1 Price
Compare electricity prices in different services. In the US it could be about $80-85 for Kw, in Armenia and other Eastern European countries a few times lower.

2# Cooling
If a cooling system is not effective, mining also won’t be effective.

3#Reputation
Analyze the information about the company, its website and social media activity.
Use the criteria, choose a good hosting service and make money from cryptocurrency mining!

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ecos_mining
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Mon Oct 21, 2019 1:15 pm

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How does blockchain technology works?

This technology helps to track the path of goods from agricultural fields to the marker shelves. Let’s say it will be tomatoes. How it can work?

A vegetable supplier from California has created a block with information about the origin of tomatoes and the date they were collected. Consumers and a store can have access to this block, but they can’t edit it.

In blockchain it’s possible to create vegetable database, where suppliers will create blocks about goods. To read it buyers will need to scan a code with their smartphones.

Why we need blockchain? To make supply chains more transparent.

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Basmati
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Thu Oct 24, 2019 5:11 am

In the telegram chat you can see that a lot of people came from different countries. And now they introduced payment with cryptocurrency and there are no restrictions at all.

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ecos_mining
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Thu Oct 24, 2019 7:33 am

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How to obtain cheap electricity?

A lot of miners would like to know how to answer the question. It is not a secret that for cryptocurrency mining many resources are required to produce energy. That’s why electricity bills may rocket into the sky.

If you want to save money, use renewable energy. For example, the wind energy or the energy from the soil.

Although, one of the most popular types is solar. As a rule, people install solar panels on the roofs.
According to researchers, 6 panels with the capacity of 1.5 kilowatt produce 9 kilowatts of electricity. By the way, mining equipment consumes about 1000-5000 watts оr 1-5 kilowatts. So, solar electricity would be enough to power equipment.

That’s why today mining companies use this type of energy. One of them is California-based Plouton Mining. The company is planning to build North America's largest solar powered Bitcoin mining farm. Its solar panels will generate 10-13 megawatts of electricity daily.

If you want to save, there is another option. You could lease a hardware in a cloud mining service. Normally these firms have profitable tariffs for electricity. For example, ECOS, where the minimal contract price is $20.

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ecos_mining
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Thu Oct 24, 2019 9:01 am

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ECOS invites you to the Conference and Exhibition on Innovative Technologies for Modern Business TECH WEEK 2019. The event will take place on October 29 - November 1 in the Skolkovo Technopark, Moscow.

In ECOS booth №15 you will have a chance to get acquainted with the most modern and powerful mining equipment ANTMINER S17 and ANTMINER T17 from the world leading manufacturer BITMAIN. This time you will also have a chance to win a 1-year mining contract using our traditional bright lottery drum. ECOS experts at booth 15 will accept applications for the pre-order sale of the latest equipment, so if you hurry up you will have a chance to get it.

If you are new to mining you will be offered a secure cloud mining, which is supported by the Government and is situated in the Free Economic Zone. There are no similar projects in the market.

If you are a business representative ECOS will offer you a dealership for the sale of mining equipment, which will be of interest to both large market players and new companies. Visit our stand at TECH WEEK 2019, we are looking forward to meet you!

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ecos_mining
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Fri Oct 25, 2019 7:51 am

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Top-5 the Biggest rises of Bitcoin
⚡️
The last few days Bitcoin price was falling. Although, in the last 24 hours the exchange rate of this coin has increased by 0.45%. Cryptocurrency has all chances to grow fast. We already know such occasions in the market history.
⚡️
#1 10 times!
The transformation of Bitcoin from a budget coin to an investment instrument was registered 6 years ago. In the March of 2013, the coin cost reached almost $1000. Some months earlier Winklevoss twins bought Bitcoins for $11 million, while its price was only $120. So, then they became first crypto billionaires.
⚡️
#2 30% more!
The next jump was in December of 2016. The price raised by 30%. Analysts said that the rate of Bitcoin increasing was higher than tradition asset rates.
⚡️
3# new horizons
Satoshi Nakomoto’s coin didn’t stop to grow. On December 7th, 2017 its cost reached $14,000.
So, from the beginning of the year Bitcoin price increased by 1300%! One of the reasons was related with expectations of selling Bitcoin futures in the largest stock-exchanges.
⚡️
4# going forward
In the end of the December 2017 consumer interest to Bitcoin strengthen. And they purchased cryptocurrency for $20,000 per coin.
⚡️
5# recovering
After that the Bitcoin price failed, but in the spring of 2019, it began to grow again. In April the coin reached $5,000, a bit later, in June it was about $10,000. Bitcoin’s maximum was fixed on the 26th of June. In this day it reached $13,5000.
⚡️
According to analysts, its tendency will stay. Some of them expect that the Bitcoin price will be $60,000, others say about $250,000. In any case, Bitcoin will grow, they expect.


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