ECOS Mining Channel

2021-05-19 13:04:53 Congratulations to the winner of the Guessing game - Chris Chalk!!

His guess was $40194 yesterday and it turned out to be the closest to the current rate of $40366!

Please contact @anna_ecos to claim your prize!

Guys, don't miss our next game - coming soon! And check our tasks daily to win prizes!

And don't forget to subscribe to ECOS YouTube Channel - and take part in the Giveaway if you haven't yet! Open / Comment

2021-05-19 11:51:04 BTC sinks below $40K

Despite Bitcoin’s price grinding down to post local lows below $40,000, some analysts are finding reasons to be bullish.

Popular analyst, Lark Davis, noted the recent downturn has pushed Bitcoin’s 14-day relative-strength indicator into oversold territory for the first time since March 2020, suggesting the crash may be nearing its plateau.

Others are welcoming capitulation as a likely catalyst for a bullish recovery, predicting a swift return to upward momentum once selling has become exhausted.

Twitter user “YHRW80” noted surging flows into Bitcoin’s spot and derivatives markets during 2021, concluding that the dominant emotion gripping the markets is “greed” rather than fear.

However, Bitcoin’s Fear and Greed Index disagrees with YHRW80’s analysis, describing current Bitcoin market sentiment as “extreme fear.” Open / Comment

2021-05-18 15:41:14 Auction Day!

The auction lots are 3 mining contracts:

$500 contract – 2,92 th/s, 744 days, 0,05 service fee

$625 contract – 3,62 th/s, 775 days, 0,05 service fee

$780 contract – 4,5 th/s, 775 days, 0,05 service fee

CONDITIONS:
- Starting price: $50
- The min bid step: $30
- The max bid step: $500
- The bid is valid for 3 minutes until we say “Sold out”

Take your chance to start mining with most profitable conditions!!

Join us today at 10 am EST in the chat Open / Comment

2021-05-18 13:37:36 Guys,

watch our news digest and find out what other things Musk did to drop the BTC rate further

Write in comments what BTC rate you expect tomorrow, on May 19 (at 6 am EST) we will select the closest rate and will reward the lucky user!

Hurry up before we close the comments!



Open / Comment

2021-05-18 11:25:31 Banking system consumes two times more energy than Bitcoin

According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.

Compiled by Galaxy’s mining arm, the study estimates Bitcoin’s annual electricity consumption to stand at 113.89 terawatts per hour, including energy for miner demand, miner power consumption, pool power consumption and node power consumption. This amount is at least two times lower than the total energy consumed by the banking system as well as the gold industry on an annual basis, according to Galaxy’s estimations.

Galaxy Digital’s analysis on Bitcoin’s energy consumption comes amid a major crypto market crash that follows Tesla CEO Elon Musk’s decision to stop accepting BTC as payment for car purchases due to environmental concerns.

Musk’s move spurred wide-scale criticism from the crypto community, with some stating that SpaceX would have to switch its rockets to “more sustainable energy”. Open / Comment

2021-05-17 14:04:13 Guys, we are happy to announce a new promotion!

Now, at the end of EACH month, we will be randomly picking up 3 users among those who made any purchase during that month and will reward them!

ECOS is giving away 3 extra Bitcoin mining contracts which are +10% to your purchased contract, selected randomly among all purchased contracts within a month.

All you need to do is:

Make any purchase on ECOS DeFi platform during the month

The order IDs will be taken for the promotion, so the more contracts you get – the more chances you have to win an extra one.

On the 1st day of each month check the results of the previous month .

The promotion starts from May 17, 2021.

Good luck! Open / Comment

2021-05-17 13:05:44 Congratulations to the winner of the Guessing game - Abhilasha Jain!!

The guess was $47970 three days ago and it turned out to be the closest to the current rate of $48133!

Please contact @anna_ecos to claim your prize!

Guys, don't miss our next game - coming soon! And check our tasks daily to win prizes!

And don't forget to subscribe to ECOS YouTube Channel Open / Comment