⚡️There is a new interview on our YouTube channel!
Jasmine Leeuw has interviewed Business development Manager at Crypto Valley Association Sheraz Ahmed to gain more in-depth insight strategies being developed in the social and economic integration of Bitcoin and blockchain.
Enjoy ✌️
https://youtu.be/HgJjUK7QM3Q
Topic: ✅ Cloud mining by ECOS - page 6. (Read 14605 times)
The fiercest battle in the history of crypto industry is gaining momentum. So how exactly did this all begin? We've found out.
https://medium.com/ecos-am/jihan-wu-vs-micree-zhan-what-happens-between-the-founders-of-bitmain-company-781e09cc5b3d
I agree, I was very happy when Bitcoin grew, I managed to exchange part of the coins when the rate was above 10K. Now I continue to mine and hope for the growth of the Bitcoin exchange rate.
Do you really know what mining difficulty is? Check yourself 🙃
We suppose that BTC will skyrocket soon. Do you know how to make money on it? We are here to tell 😉
https://medium.com/ecos-am/new-opportunities-to-create-an-income-how-can-you-make-money-on-the-growth-of-bitcoin-3d8d0fd9b4b4
Do you recognize yourself on the picture? 🤔
We offer you not to be that kind anymore, but join the company of Erik Finman, Jered Kenna, Yifu Gow, Fitz Hall and Eliza Dadiani. Do you know what all of them have in common?
Besides the fact that they all earned millions on crypto mining, they are united by an endless faith in Bitcoin. They invested in cryptocurrency mining at a time when BTC was not worth anything, and many people called such investments idiotic.
The price for one Bitcoin today is a little less than $10,000 - and it's still not enough! According to many experts (including Bloomberg analysts), the cryptocurrency is still underestimated and its price could skyrocket. Why? It's simple: the economies of many countries are hit by the crisis, the USA authorities continues putting money in its the budget and prints new dollars, which leads to inflation and depreciation of the world's main reserve currency - in such circumstances, many people begin to look for alternative ways for saving and increasing money.
People start looking at Bitcoin. As a result, demand for it is growing, and the number of coins available for purchase is decreasing every day, because those miners who used outdated equipment are forced to leave the network after halving. Growth in demand + drop in supply = growth in value. The more expensive Bitcoin is, the more miners earn. And the more miners earn, the more expensive the equipment.
Now it’s funny to remember, but a couple of years ago it was really hard to find the Antminer S9, which is no good to anyone now, and the cost of the device flew to the moon along with the cryptocurrency rate. If the story repeats itself (and we are sure that it will happen), then those devices that can be called profitable and affordable today (for example, Antminer T17 and S19) will bring a lot more money, grow in price and it will be impossible to buy them.
Now, when the market is at the beginning of a growth cycle, everyone has the perfect opportunity to invest in cryptocurrency mining. Despite this, most people will miss this opportunity anyway. Do you want to be one of them? Join us, if you don’t!
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
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
😨 It’s really interesting
🔥 Because of the BACKGROUND Jimmy has (you should see this!)
https://youtu.be/_5j9vTzBfmU
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.
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!
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
https://youtu.be/eaA7CHAKdnA
Scam projects always appear either during a period of rapid market growth or during the time of uncertainty. Right now, after halving, when the market is waiting for the consequences of reducing the mining reward (the results of which will be visible only in a couple of years), the number of unscrupulous companies is increasing. Today we will tell you how to distinguish scam from a real project.
🔴 Plenty of advertisement
What do you need to do as a company to earn a lot of money in a short period of time? Attack the market with a lot of aggressive advertising! If you notice that you find a plenty of company ads, which just didn’t exist a month ago, then most likely this is a scam service. Of course, there are exceptions, and perhaps you have witnessed the emergence of a new market leader, but unlikely.
🔴 Very cheap prices
If you have met a company that openly declares that they have the cheapest contracts on the market, and the cost of their services is several times less comparing with competitors, then this is definitely a scam. And also if the company promises you a bunch of giveaways, expensive prizes and other bonuses. The cost of the contract includes the costs of equipment, its maintenance, employee salaries and many other costs. If the price of the contract is too cheap - stay away from this company.
🔴 The lack of information on the facilities location
If the company does not provide any information on the location of capacities, it is better not to cooperate with it, otherwise, most likely, you will lose your money. It also happens that a company mentions where the office and data center with equipment are located, but at the same time does not publish any photos of the room where mining takes place, nor video from webcams.
ECOS company invests in advertising, but does it gradually. Much more resources are spent on things that are most important for us: updating and maintenance of equipment to ensure the uninterrupted operation of the service; staff training, so that our employee could come for help in any situation. In addition, the development of new products is very important for us. The market is developing very fast and we want to remain competitive in this circumstances. That is why ECOS is in the medium price segment - the cost of our services includes real expenditures on the equipment and employees.
In any case, our customers are much better at reviewing us! Subscribe to our social networks to read some reviews of those people who have been cooperating with ECOS since 2017 and watch a video on how our mining centers work.
Still thinking about where to invest? Read what one of our clients Andrei K. is talking about, and you will learn more about new investment opportunities.
🔵 Why do you invest in cryptocurrencies and mining?
First of all, i see this as an insurance against a job loss. It is difficult to find adequate solutions on the market which can insure these risks. In addition, individuals are prohibited (or it is at least uncomfortable) from owning gold (except the investment coins and special accounts). This is unfair, bearing in mind the inflation, caused by printing of a large amount of paper money which is not secured by gold. Therefore, digital gold with a well-thought-out circulation mechanism and unlimited emission allows us to state our disagreement, vote against the injustice and the violation of the property rights of ordinary citizens who regularly lose their savings due to the inefficiency of central banks and governments.
🔵 Why did you choose the ECOS service?
It is very convenient to work with the ECOS platform, everything is clear and understandable. ECOS support is available 24/7, this creates confidence in the further development of the project.
🔵 Are you satisfied with the service and what are your wishes for its improvement?
I am satisfied with the service! It will be great if the team will provide the opportunity to pay cloud mining service fees with a credit card. This will help to pay less interest to banks and invest more in the future.
⚡️Big Sale – this week only!⚡️
Dear friends, we have decreased our contract prices for you!
Check the new rates and contracts profitability here:
https://cloud.ecos.am
😱Our special offer – Antminer T17 for just $627😱
Valid till May 27 only!
😨 Is BitMEX in trouble again?
Last week, it became known that the head of the BitMEX crypto exchange Arthur Hayes was sued again. This time he is suspected in serious crimes: according to representatives of the BMA LLC company, which initiated the trial, BitMEX was deliberately created for the organization of “a myriad of illegal activities”. Hayes and other company executives are accused of electronic fraud, market manipulation, money laundering and racketeering (!).
It is the second big lawsuit in six months for the co-founder of BitMEX. In December 2019, the early investors of the exchange filed a lawsuit against the exchange for $300 million, and last week they increased the amount of the claim to $540 million! They argue that they invested $30000 in Hayes’ company in 2015. The head of BitMEX took the money, and had to provide the investors with 0.5% of the authorized capital of the company, but something went wrong.
And meanwhile, strange things happen with the exchange itself: last week the bitcoin rate there fell to zero, after which the trading was stopped and BitMEX went offline. But it is worth noting that technical malfunctions have become commonplace for Hayes’ company. In March, the cryptoexchange turned off several times.
By the way, nothing goes wrong with ECOS and everything works fine! Invest in Bitcoin mining with us now, before the rate of the №1 cryptocurrency skyrockets - then it will be too late 😉
We are receiving a lot of questions about how to calculate your cloud mining contract, and what does the Risk Appetite indicator mean. It’s time to tell you more about it.
🔷 Low risk (Daily maintenance fee - 0$)
Choose this option if you think that the Bitcoin exchange rate may be unstable, but you still believe in the cryptocurrency. If you do not want to take any risks (associated, for example, with a drop of its value) and ready to mine as much as the purchased contract with a prepaid service fee allows, this solution is for you!
🔶 Middle risk (Daily maintenance fee - 0.03$)
If you are sure that Bitcoin will show its growth further, despite short depreciations, choose this option. This tariff makes it possible to increase your income in case of a stable situation and a slight growth in its rate.
🔷 High risk (Daily maintenance fee - 0.054$)
If you believe that Bitcoin will grow – there may be some volatility, but over a longer period of time the growth will be stable, pick this option. These contracts provide the possibility to increase the profit significantly compared to low risk contracts based on stable market conditions, BTC growth and due to more terahash power in contracts.
🔶 To the Moon (Daily maintenance fee - 0.08$)
This option is for those, who believe in BTC significant growth and want to earn from it. Just keep in mind that you’ll need to pay the higher service fee and with low BTC rate the contract may have negative profits, however in case of significant growth you’ll get much more profit due to more hash power in my contracts. These contracts are the most risky ones however most profitable in case of BTC growth.
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