Setting up a Bitcoin mining facility is a capital-intensive venture. Considering electricity and instrument costs, running a functional Bitcoin mining rig could cost more than the everyday Bitcoin enthusiast can afford. If you wish to earn passive income by running a Bitcoin mine, managed mining services may be the best option for you. Also, hosted mining services are more regulatory compliant, depending on your region.
ECOS offers Cloud and hosted mining services for Bitcoin Enthusiasts. In this article, we review the ECOS platform and what it offers to Bitcoin Enthusiasts.
ECOS is a Bitcoin mining service platform offering a collection of managed crypto mining products. Products offered include Bitcoin mining pool, cloud mining, and ASIC equipment rental and retail. ECOS aims to support the Bitcoin blockchain and miners by lowering the barrier to running a functional node, and strengthen the Bitcoin blockchain’s decentralization by making it easier for anyone to join the mining network.
According to ECOS, it has paid over $250 million in mining earnings to over 900,000 active users. It runs a data center valued at over $50 million and controls over 200MW in mining energy.
The ECOS platform was founded in 2017 and registered in Armenia, where it operated a data center powered by thermal power. This facility champions the platform’s operation, housing the mining equipment and management operations. ECOS’ thermal plant sources electrical energy through environmentally friendly means, allowing Bitcoin enthusiasts to mine Bitcoin without necessarily setting up a Bitcoin mine. From a wide range of services, users can choose an option that fits their finances and risk tolerance. ECOS handles the bulk of the operation while users earn daily or weekly from these services.
ECOS offers an intuitive dashboard where users can manage their investments on the platform. The ECOS mobile application also enables users to manage their profiles while on the go. The mobile application is available for Android and iOS devices.
To set up your ECOS account
Here are the services offered on the ECOS platform;
BTC mining pool
ECOS runs a Bitcoin mining pool. The pool enables users to contribute their computing power and mine Bitcoin. Earnings from the pool are distributed to miners according to their percentage contributions to the total computing power.
How to Join the ECOS Bitcoin Mining Pool
To join the Bitcoin mining pool;
ECOS Cloud mining is a mining-as-a-service feature on the ECOS platform. It allows users to remotely rent computing power from the ECOS data center to mine Bitcoin. Users can invest as low as $150 in the hosting service and earn regular passive income.
To start Cloud mining on ECOS;
ECOS also offers rental services for ASIC miners. You can rent a range of miners for specified periods on the ECOS platform. Each miner offers varying profitability. ECOS will manage the rented miner while you cover electricity and management fees and earn income in BTC.
Renting and Hosting an ASIC mining equipment on ECOS
To rent an ASIC miner on ECOS;
Enter your payment details at checkout and click Buy Now to rent.
ECOS sells and purchases ASIC equipment. On the platform, you can place orders for genuine ASIC mining equipment and have it delivered to your location. ECOS handles the logistics and sorting of quality mining tools.
Miscellaneous products
In addition to the cloud mining and ASIC rental services, ECOS also offers additional services like a portfolio wallet, where users can manage and spend crypto assets. You can also experiment with the platform’s services and offers using the demo account.
Here are some of the pros and cons of using the ECOS platform for Bitcoin mining.
ECOS offers a simpler way to earn from running a Bitcoin mine. It traverses regulatory restrictions and reduces the capital barrier to Bitcoin mining. With as little as $150, you can start earning passively from Bitcoin mining and also contributing to the security layer of the Bitcoin network. ECOS offers a range of services, some of which we discussed in this article. Review these services and select one that fits your strategy and budget. We also discussed some pros and cons. We recommend that readers take note of these cons as part of their investment planning. Regardless, we advise precautionary measures while investing in or interacting with the platform.
