ECOS: Cryptocurrency Mining Made Easy

Mining is at the forefront of the security and general concept of many digital currencies, including Bitcoin and many others.

However, establishing a mining operation is difficult. The initial cost to make it financially viable is considerable, but it also requires a lot of technical knowledge, continual tweaking, and a myriad of other activities that many regular users simply don't have.

This is where solutions like cloud mining come into play. Below is a closer look at ECOS, a cryptocurrency investment platform that also offers cloud mining services.

What is ECOS?

echoes is a company registered in Armenia with its data center located in Hrazdan. According to the official website, the company has been fully operational since 2017. It also reveals that it has founded the free economic zone which is supported by the local government.

At its core, ECOS is a cryptocurrency investment platform for profiting from best-in-class digital assets. Its mission is to provide its users with simple, fast and effective tools for a wide variety of investment strategies, from passive to speculative.

It has four main products, including:

• cloud mining
• mining farm
• Cryptocurrency exchange and wallet
• investment portfolio
• NFTs

Speaking of cloud mining, it is important to highlight the need to carefully examine the platforms to work with because many of them are unreliable. According to the official website, ECOS also owns its own mining farm and has several renowned partners. It also has more than 400k registered customers from all over the world.

Commenting on the matter was Ilya Goldberg, Founder and CEO of ECOS, who said:

“We use green energy for our ASICs in an amount of up to 40% of the energy consumed and we plan to reach 100%, which is why we establish contracts with hydroelectric power plants. Our asics are among the most ecological 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 allows users to take advantage of rented cloud computing power without having to install hardware and all the associated software that is necessary to mine crypto.

echoes allows people to participate in Bitcoin mining remotely for a set cost. In theory, this makes mining more accessible to a broader group of people, regardless of where they are. Of course, they would still need Internet access.

To start investing through cloud mining, users need to purchase a certain cloud mining contract. This, in essence, is an agreement to rent a certain amount of hash power. The higher the cost of the contract, the greater the amount of power that can be purchased.

The website has a calculator that provides some examples of the different contracts that ECOS offers that users can take advantage of.

One of the main benefits of cloud mining is that users will not have to buy any equipment. Once they purchase a mining contract, they would rent a piece of equipment that ECOS owns and uses to mine BTC every day.

On the home page of their website, you will find a comprehensive calculator that shows exactly what types of contracts a user can buy, how much money it would cost, the length of the contract, the rented hashing power, as well as an indication of the expected revenue. . Of course, this is based on projected BTC prices in the future, so it is important to note that price fluctuation will affect the revenue generated. This is something that affects all miners, regardless of whether they use rented hash power or have their own setup.

Of course, ECOS charges a service fee, which is to be expected. According to their website:

“The service charge is the payment of electricity and maintenance by ECOS. The service charge is indicated in 1 TH/s per day. It will be deducted daily from the BTC profit. You can choose a contract with no service charge. However, in this case you will get less hash power.”

Therefore, the fee for the service would depend entirely on the preference of the user and the specified contract.

There is also a minimum and maximum contract duration that users can choose, as shown above. ECOS accepts payments in BTC and other cryptocurrencies, by card and invoices.

As mentioned above, ECOS also provides a myriad of other services. For more information about ECOS and its investment products, visit the official website.

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