ECOS Mining Company: a comprehensive platform for investing in mining

To manage mining at ECOS Mining, you need to register a personal account on the website. Customers can also install an application for Android and iOS. In the mobile version, all features of the platform are available, including portfolio investments, exchange and storage of cryptocurrencies.

Registration in ECOS mining

To create an account in the system, you need to:

1. Click the “Registration” button on the website.
2. Specify your e-mail address and confirm it (enter the code from the e-mail).
3. Select a country, add a cell phone number. Confirm the data with a code from SMS.
4. Make up a complex password and enter it twice. The access code must contain at least 8 characters, including numbers and capital letters of the Latin alphabet. For security reasons, it is recommended not to use significant dates or words. The password can be changed at any time in the “General settings” section.

No verification is required to register on the platform.

In 2023, a mobile version of the service is also available to the company’s clients. The application works on smartphones with Android and iOS. To register, you need to:

1. Enter an email address, specify a phone number.
2. Confirm the registration data using a code from SMS.
3. Make up a password to quickly enter the ECOS personal cabinet for mining.
4. For additional protection, you can activate fingerprint access on the next screen.

Personal account overview

To authorize in the account, you need to enter your username and password. The main page of the profile shows the account statistics (income for the period in BTC and the number of purchased contracts).

The main page of the profile displays account statistics. There you can see the income for the period in BTC and the number of purchased contracts.

In the “Miners” field, the equipment placed on the platform is fixed.

Personal information (city, name) can be added at any time in the “Profile” section. To change the e-mail address or phone number, you need to write to the support service. The options available in the profile are:

• “Cloud Mining”. The page contains information about the balance, the current hashrate and the current Bitcoin exchange rate. Users can view the history of accruals by day.
• “Capacity Purchase”. In the section you can calculate the income and pick up the contract according to the parameters.
• “Mining equipment”. The section contains available ASIC models for purchase. In July 2022 there is a 48% discount on the BITMAIN Antminer S17JPro 100.
• “Add Device”. The user can connect the miner to a hosted device. In July 2022, the company is offering devices with up to 60% discount. BITMAIN, Innosilicon, Whatsminer miners are available.
• “Transactions. The tab contains the history of incoming and outgoing transactions.
• “Settings”. In the item you can change the password, enable two-factor authentication, add a wallet number. In July 2022, only old-style addresses (starting with 1 or 3) are allowed to send BTC. The company also plans to add withdrawal in other cryptocurrencies.

Security setup

The company protects customer data with encryption. Users can take additional security measures. Options available in the Settings section include:

• “Activity History”. The system records successful authorizations in the personal account.
• “General settings”. In this section you can change the password. For security purposes, it is recommended to set a new code at least once every six months.
• “Two-factor authentication”. You can enable additional protection via Google Authenticator.

Creating a Worker

Under the terms of the contract, ECOS Mining takes care of the preparatory work for the startup of the equipment. The system creates wokers automatically when the hashrate is connected to the pool. After starting the asic, the name of the miner will appear in the control panel. Extraction of cryptocurrencies will start automatically the next day.

If the user decides to deactivate the equipment, the algorithm will hide the miner in the interface. When reactivated, the system will restore the previously deleted record with all configurations.

Customization options for GPU graphics cards

In 2023, ECOS Mining is focused on Bitcoin mining. Users can rent hardware on the site or connect their own ASIC to the hosting. The company has no plans to mine other cryptocurrencies yet.

How to set up an ASIC

On the ECOS Mining website, you can buy or rent an asic and connect the equipment to the hosting. To go to the store, you need to click ASIC Shop. The bear market of 2023 is a good opportunity to buy equipment at discounted prices. In July, discounts of up to 60% are available on asics. The following models are available in the store:

• BITMAIN Antminer S19j PRO, T19.
• Innosilicon T3, T3+Pro.
• Whatsminer M30S++, M30S+, M30S.

Due to a significant decrease in cryptocurrency prices and a simultaneous increase in Bitcoin network complexity, the company is only offering hosting for the Antminer S19j PRO model. Users can host devices purchased or leased on the platform. ECOS miner setup is included in the hosting price ($650).

The table summarizes the main characteristics of the asics available for sale in July 2022.

Mining statistics are available in the personal cabinet (in the “Miners” tab). The customer can cancel the contract at any time and take away the equipment. The equipment will be delivered to the destination for free.

Cryptocurrency pools for mining on ECOS Mining

The company’s data center is located in the free economic zone of Armenia. After the contract is signed, the client’s hashrate is automatically connected to the BTC.com pool. ECOS Mining is set up by the company’s employees. The pool distributes profits between participants according to its own Full Pay Per Share algorithm.

The method is aimed at capitalizing on the high commissions in the network. First, the BTC.com pool pays the reward for valid balls using the PPS method. Then transactional fees per block are distributed. This increases customer profits by 20%.

In July 2022, the pool has a total hash rate of 8.5 EN/s. There are more than 600k worshippers connected to BTC.com.

Cloud mining

ECOS Mining clients can mine cryptocurrency without buying and maintaining expensive equipment. The company has a large pool of equipment and provides it for rent. To start earning, you need to:

1. Register on the official resource.
2. Go to the “Cloud Mining” section.
3. Calculate the potential profit on the calculator. To do this, choose the investment period (minimum 24 months), capacity (from 0.89 TH/s) and the expected price of Bitcoin (from $43,000). The profit calculation assumes holding the mined coins to the target value.
4. Click “Buy Contract.”
5. Check the terms of the transaction (service fee, term, coin – BTC, hashrate). You need to take into account that the pool commission in ECOS Mining is charged for each terrahesh of capacity. When buying 10 TH/s, the value should be multiplied by 10. It is important to carefully recalculate the profit. If necessary, you can contact tech support or chat in Telegram.
6. Enter a promo code for a discount (if available).
7. Choose a payment method (BTC or bank card).
8. Click “Buy Now”.

New users after registration receive a free contract for 1 month to test cloud mining.

Mining statistics can be tracked in your personal cabinet. ECOS Mining accrues profits daily to the internal wallet. After the contract is signed, the funds start to arrive in 48 hours.

How to withdraw cryptocurrency from ECOS Mining

Coins can be sent from the account to the offline storage of BTC-Legacy format (the address starts with the number 1 or 3). To do this, you need to:

1. Go to the profile.
2. On the settings page click “Wallets and withdrawal”.
3. Enter the address of the storage and the number of coins.
4. During high load on the network, you can increase the commission for the transaction. Confirm the transaction with a password.

Coins can be withdrawn at any time by paying the network fee. Use the profit can be used for portfolio investment in other cryptocurrencies. The minimum investment amount is $100.

Categories of payouts

Profits from mining are transferred to the internal account daily. After reaching the minimum threshold (0.01 BTC), coins can be transferred to an external wallet. In the mobile app, clients also get access to portfolio investments. Bitcoin to alts conversion is done through the internal exchanger.

Customers can also reinvest profits or allocate to rent additional capacity. The option is available in the personal account in the monitoring section. The minimum amount for reinvestment is $100.

Commission

The service does not charge for withdrawal of funds. Clients transfer only the commission of the network. In July 2022, this is 0.000088 BTC ($1.96).

Minimum payout

You can withdraw any amount from 0.001 BTC. The number of transactions per day is not limited. It should be taken into account that for each transfer you will have to pay the network commission.

Support service

The developers have collected answers to popular customer questions in the “Help” section. To search for information, you need to use the corresponding line.

If the problem could not be solved, customers can contact tech support by e-mail, phone or Telegram. Operators answer in Russian.

Users who have signed a contract for more than $5 thousand (1 thousand TH/s) are assigned a personal manager. Customers can also count on individual discounts and offers.

How to start mining with ECOS

Classic Bitcoin mining requires a lot of expenses. In July 2022, you need a minimum of $85 thousand to start a farm of 10 asics. Cloud mining is one of the least expensive ways to earn money. The minimum contract amount is $100 and the term is 24 months.

Before executing the transaction, you need to analyze the market situation. During Bitcoin correction, the cost of mining increases due to the fall of the asset’s exchange rate. You will have to spend more coins to pay for electricity, rent and maintenance of asics. Many miners note in reviews that in such periods the profit is equal to the service fee. It is worth carefully calculating the return on investment. It is recommended to start mining coins after the market correction is over.

Here’s how to start mining on ECOS:

1. Go through registration on the platform.
2. Buy or rent equipment.
3. Choose and pay for a contract (rubles or BTC are accepted).

Company specialists will connect the equipment to the pool. Mining statistics (balance, average profit, number of coins on the account) can be tracked in a personal cabinet.

Advantages and disadvantages of the miner

Conclusion

In 2023, cloud mining is one of the easiest ways to mine bitcoin. With a reasonable approach to investment, the business can bring from 30% profit per year. However, such earnings are risky due to the remote location of mining farms. Customers cannot check the availability of capacity. This is taken advantage of by scammers. For investors, it is a great luck to find a reliable company that will generate profits.

ECOS Mining is one of the largest BTC mining operators in the CIS. The company has significant capacity in the free economic zone of Armenia. The data center sells and leases asics. Thanks to government support, the company keeps competitive prices for services. Customers can personally visit the farm.

ECOS Mining partners include market leaders BITMAIN, BTC.com, Rostelecom, Cisco. In 2023, the multibillion-dollar Tashir Holding will invest in the project.

Frequently Asked Questions