What Is ECOS Mining - Detailed ECOS Mining Review
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What is ECOS Mining? ECOS Mining is one of the first legal providers of Bitcoin cloud mining. The company is located in the Free Economic Zone of Armenia and is considered one of the industry leaders. Although it was launched in 2017, ECOS plays a key role in the field of cloud mining. In the fall of 2018, the company signed an agreement with the Armenian government on the establishment of a free economic zone, which has opened a lot of opportunities for the business and all its participants.
Nowadays, ECOS is known as a modern economic system that includes:
- Data centers;
- Industrial mining center;
- Venture fund;
- Laboratory for creating innovative solutions for mining;
- Advanced training platform;
- Multiple acceleration programs;
- Educational and informational forum on blockchain technologies.
Let’s dive deeper into the service features so that you know how to use ECOS Mining in full.
Pros and Cons
ECOS mining offers a lot of advantages for its users. So what are the best features of the platform:
- Legality – ECOS was founded with the support of the Republic of Armenia, so there are no production risks for you;
- Tax incentives – The mining center is located in the Free Economic Zone of Armenia, where residency exempts ECOS from paying taxes, making cloud mining even more profitable;
- Affordable electricity – ECOS has an active agreement with the Hrazdan TPP for the supply of up to 200 MW of electricity at a reduced price;
- Modern equipment – ECOS is purchased by miners directly from the largest ASIC manufacturer in the world – Bitmain, which allows for mining BTC as efficiently as possible;
- Wide range of contracts – On the site, you can choose a suitable contract by the expiration date, investment prediction, risk profile, and even the expected BTC price.
Unfortunately, there is no option to use the service for free, and you will have to pay for the service pack you choose.
How Does ECOS Mining Work?
ECOS works with its clients according to different cloud mining contracts, which serve as a kind of agreement for the lease of facilities for the mining of cryptocurrencies. You will have a couple of options in this regard. When deciding on the best-suiting one, keep in mind that the more power you acquire, the more Bitcoins you mine.
What is ECOS Mining? How to work with the platform? There are some required steps that you need to take:
- Register – By indicating your phone number, you will receive 10 Th / s as a gift;
- Choose a contract that suits your needs – Pay attention to the following characteristics: duration, risk profile, expected BTC price, and required power. It is quite simple to do this since the platform has a convenient calculator that shows the expected return on your investment;
- Pay for the contract – You will have five options here. You can pick a credit card, BTC, ETH, LTС, or XRP;
- Track the process – in a dashboard, you will see your current balance, the number of BTC mined, and profit stats for the last two weeks. You can also see which contract brought you the most BTC here.
The platform has been made with ease of mind, so no tech knowledge or experience is needed to use it.
How to Register at ECOS Mining
To purchase a service pack, you need to register an account on the ECOS Mining US website, make a deposit, and pay for one of the offers. To create an account, follow this algorithm:
- Click on the “Register” button on the site of the service;
- Pick a password;
- Enter your email address;
- Press “Next;”
- Confirm your email address by following the verification link.
According to ECOS Mining reviews, by creating a profile at ECOS Mining, you get a gift – 10 TH per second.
Conclusion
So what is ECOS Mining, and is ECOS Mining worth it? Cloud mining with ECOS is one of the few absolutely legal and reliable ways to make money with cryptocurrency, avoiding all kinds of risks and getting maximum benefits without a lot of experience in the industry.