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This is a sponsored post written by Anna with ECOS

The Covid-19 epidemic is probably one of the most devastating disasters of the last decades. The pandemic has not yet reached the maximum of its expansion, however nowadays it is absolutely clear that its consequences for the economy will be absolutely dramatic.

It has caused the closure of many borders of cities and whole countries. Many people were forced to be self-isolated at home which drastically influenced many traditional businesses such as offline shops, cafes, entertainment enterprises and fitness centers. 

The representatives of traditional businesses such as airlines and tourism agencies, beauty salons, catering establishments, non-food shops and other various services are losing billions of dollars today. No one knows how many of them will be open again after the pandemic is over..  

All these factors negatively impact the economy and lead to global consequences: for instance the collapse of the deal on reduction of oil production — as a result, the price of a barrel fell by almost a third. Those investors who assessed the risks from the coronavirus and tried to avoid them collapsed stock markets and exchanges — as a result 20 richest people in the world lost more than 78 billion dollars in a day …

But the ordinary people suffer most in this situation: many were whether fired or transferred to remote work or sent to an unpaid vacation. All this impacts the freelance market, which turned out to be flooded with offers and thus, due to high competition, the average rate for the offer has decreased. 

People are forced to look for new ways of making a living. But while inflation is growing, the traditional money is devalued, and prices are growing. That’s why many people are now attracted by cryptocurrencies, which seem to be more independent than fiat money.

One of the easiest ways of getting cryptocurrencies is mining, which today is still profitable in case you use modern equipment and have good electricity rates. Currently some projects with large data centers such as ECOS offer to remotely buy modern equipment and take advantage of favorable conditions. The use of latest generation powerful equipment allows them to make mining profitable for users.

ECOS mining data center was created on the basis of the Hrazdan heat and power station, with a potential capacity of up to 200 megawatts and is offering two types of investment: 

– Rent of equipment (TH) for a certain period of time – cloud mining 

or

– Purchase of equipment with hosting collocation 

Cloud mining (equipment rent).

Cloud mining (or Shared mining) is a mode of gaining bitcoin or any other cryptocurrency without using personal devices. Users of shared mining services buy contracts allowing them to rent the devices from the owners of large data centers and gain the funds mined by those devices.

Advantages of ECOS Cloud mining:

Secure service: ECOS – Operator of the Free Economic Zone, established by the Armenian Government  

Stable and affordable electricity supply 

No issues with maintenance of the equipment 

Direct and regular supplies of most powerful equipment     

Daily payouts 

Withdrawal to BTC wallet from 0,001 BTC    

Purchase of equipment with hosting collocation

It is a package service, that allows you to invest into your own equipment and earn more Bitcoins daily, paying just for its hosting. You receive 24/7 access to your account and can see the operation of your device in real time.

You select and purchase any ASIC online on mining.ecos.am  

All devices are already available in stock in Armenia. 

The next day after payment it is taken from the warehouse and is collocated on ECOS hosting site in Armenia. 

You start getting revenue at once. 

Data center is equipped with the modern containers that will ensure safe operation of your devices 

Advantages of ECOS equipment and hosting service:

Secure and trustable service

Stable and affordable electricity supply 

Equipment already available on ECOS warehouse: no time waste waiting for the equipment to be shipped, no logistics, customs or installation costs. 

180 days warranty for the equipment 

No limitation on equipment usage (it can operate up to 5 years) 

The cost of your hosting fee is fixed for 12 months      

Daily payouts 

Withdrawal to BTC wallet    

Equipment can anytime be shipped to the user on demand 

The current cryptocurrency rate has stabilized at around $ 7,000, which, together with the new high-performance mining equipment has made mining financially attractive again. In addition, halving, which is expected in May will most probably knock out many miners  (who use obsolete equipment) from the market, which should cause network difficulty decrease and make mining on powerful equipment even more profitable