ECOS: Mining cryptocurrency simple
ECOS: Mining cryptocurrency simple
mining is at the top of the security and the overall concept of many digital currencies, including Bitcoin and many others.
The construction of a mining company is difficult, however. The flow costs to make it economically profitable are considerable, but it also requires a lot of technical knowledge, continuous fine -tuning and a variety of other activities that many normal users simply do not have.
This is where solutions such as cloud mining come into play. In the following we take a closer look at ECOS-a cryptocurrency investment platform that also offers cloud mining services.
What is ecos?
ecos is a company registered in Armenia with a data center in Hrazdan. According to the official website, the company has been fully functional since 2017. It is also revealed that it founded the freedom zone that is supported by the local government.
Ecos essentially is a cryptocurrency investment platform for yields from the best digital assets in your class. The mission is to make simple, fast and effective tools available to its users for a variety of investment strategies, from passive to speculative.It has four core products, including:
- Cloud mining
- mining farm
- cryptocurrency wallet and exchange
- investment portfolio
- nft
Speaking of cloud mining: It is important to highlight the need for a careful examination of the platforms with which you want to work because many of them are not trustworthy. According to the official website, ECOS also has its own mining farm and has a number of renowned partners. It also has more than 400,000 registered customers from all over the world.
ilya Goldberg, founder and CEO of ECOS, commented on the matter as follows:
"We use green electricity in the amount of up to 40 % of the energy and plan to achieve 100 % for our ASICs - which is why we complete contracts with hydropower plants. Our ASICs are among the most environmentally friendly in the world"
What is Cloud? Mining?
Cloud Mining has been a very hot topic for everyone in recent years. It is a concept that enables users to use the rented cloud computing performance without having to install hardware and the entire software associated with it that is required for crypto mining.
ecos enables people to take part in the Bitcoin mining for a certain fee from a distance. In theory, the mining becomes more accessible to a wider group of people, regardless of where they are. Of course you still need access to the Internet.
To invest through cloud mining, users have to buy a specific cloud mining contract. This is essentially an agreement to rent a certain amount of hash performance. The higher the contract costs, the more electricity you can buy.
On the website there is a computer that provides some examples of the various contracts that ECOS offers and from which users can benefit.
One of the main advantages of Cloud Mining is that users do not have to buy equipment. As soon as you acquire a mining contract, you would rent part of the equipment that ECOS has and which you use for mining from BTC every day.
On the homepage of your website you will find a comprehensive computer that shows exactly which types of contracts a user can buy, how much money it would cost, the duration of the contract, the rented hash performance and indication of the expected income. Of course, this is based on the forecast BTC prices for the future, so it is important to consider that price fluctuations affect the generated income. This affects every miner, regardless of whether he uses rented hash performance or has its own setup.
Of course, ECOS charges a service fee, which is to be expected. According to your website:
"The service fee is the payment for electricity and maintenance by ECOS. The service fee is specified at 1 Th/S per day. It is deducted from the BTC revenue every day. You can choose a contract without a service fee. In this case you will receive less hash power."
Therefore, the service fee would be completely dependent on the preferences of the user and the specified contract.
There is also a minimum and maximum contract term that users can choose as shown above. ECOS accepts payments in BTC and other cryptocurrencies, by card and invoice.
As already mentioned, ECOS also offers a variety of other services. Further information on ECOS and its investment products can be found on the official website.
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