Mining is the best way to earn BTC, the number one cryptocurrency, by market capitalization.
ECOS is one of the best platforms to mine BTC at affordable rates.
ECOS in the Free Economic Zone in Hrazdan, Armenia.
Mining BTC at ECOS is usually profitable since the government gives it preferential terms as it is in the free economic zone.
Bitcoin mining is one of the most lucrative ventures online. This is because BTC is the number one cryptocurrency by market capitalization. When BTC gets into a bullish momentum, the returns can be highly profitable. As a fact, early this year (2022) bitcoin, unlike any other cryptocurrency, emerged as another asset class which individuals and institutions can invest in. According to Arcane Research, many investors realized the potential of BTC during the Covid-19 era. In this period, many investors transferred their savings from the traditional stock markets to BTC and realized high returns on investment.
By following the events unfolding in 2021 and 2022, you will realize why it is wise to invest in the BTC. Several key events and investments took place during this period. For example, many retail and institutional investors poured their resources into BTC, of all the cryptocurrencies. Notable public firms that invested remarkably in BTC include MicroStrategy, Coinbase Global and Tesla. In addition, El Salvador became the first country to adopt BTC as a legal tender, creating confidence in the sector.
With this in mind, it is clear that investing in BTC is a rewarding venture. And the fact that many institutions are investing in it gives confidence to us all. Of course, the fact that it has remained the number one crypto since 2009 shows the potential in it. Also, in 2021, new bitcoin-connected products came on the market. One of them is the BTC Exchange Traded Fund (ETF). Unlike cryptocurrencies, BTC ETFs are traded on traditional financial markets like stocks. Most importantly, ETFs are regulated by many governments. Take, for example, the BTC ETF is allowed in the United States of America despite its hard stance against cryptocurrencies. The ETFs have resulted in investors indirectly investing in the BTC without holding the real bitcoin. Nevertheless, the increase in BTC ETF results in a high demand for bitcoin. This is because the traditional financial markets should hold the BTC before issuing out the BTC-ETFs.
There is another reason leading to the increase in the demand for BTC. It is the use of wrapped cryptocurrencies. A wrapped token is a cryptocurrency whose value depends on another cryptocurrency. In other words, a wrapped token is pegged against the value of another cryptocurrency, meaning that it always has the same value as the underlying coin. In this case, a wrapped BTC token is a cryptocurrency pegged against the value of BTC. There are various examples of wrapped BTC, including (wBTC on ethereum network) and RenBTC. The reason we are mentioning wrapped tokens is that they increase the demand and utility of the BTC. Notably, wrapped tokens exist on non-native blockchains, such as ethereum and Ren blockchain. Wrapping helps to increase the accessibility and interoperability of BTC.
How to invest in BTC
Bitcoin is different from many other cryptocurrencies. Despite being the number one cryptocurrency, you cannot earn it in many ways like other cryptocurrencies. With most of the altcoins, you can stake, yield farm and provide liquidity. However, such opportunities are not common with BTC. The main means of passively earning BTC is through mining. It is important to note that there are two main ways of mining BTC. You can purchase your own equipment or lease the equipment. Many platforms offer cloud mining service, where you lease hashpower, without owning the machinery.
However, the challenge which many people get is to find a reliable and profitable mining platform. And the truth is that there are many platforms where you can mine BTC. Your choice depends on your initial capital and the amount of hashpower you wish to have. Of course, you also look at the returns (ROI), the conditions and reliability of the mining site.
Mining BTC on ECOS
The reason for giving clear background information is to help you understand the opportunities BTC presents and the importance of holding it. The main way of obtaining BTC is through mining. ECOS has many related products and suitable mining and support conditions.
ECOS is basically into BTC mining and other related investment portfolios. First, you can purchase BTC mining equipment from ECOS. It also hosts the machinery, enabling you to earn BTC.
Secondly, you can mine BTC without owning the equipment yourself. We call this cloud mining, meaning that you are renting or leasing the mining power, called hash power. We measure the mining power in hashrate, which is the speed at which the equipment is producing bitcoin. The higher the hashrate the more BTC a machine produces. The good thing is that at ECOS, you can get mining leases that are affordable. Some of these cost around $50 per the related period and hash power.
ECOS has several products that support the mining function. The products include a wallet, exchange, portfolio and cloud mining. We have already touched on cloud mining. The advantage of this cloud mining program is that it has very low commissions and has a support service for 24 hours a day. Its rates are very low because the ECOS Mining Centre is located within the Armenian Economic Zone, with various business privileges and low expenses. For example, there are 0% income taxes and 0% import and export tariffs. In return, ECOS gives relatively high returns to investors.
There is a mobile wallet you can download from Google Store or Google Play. Through this wallet, you can monitor your earnings, check the balance, save USDT, among others. You can also convert your holdings from one cryptocurrency to another.
To support its mining operations, ECOS has a vibrant crypto exchange on its platform or mobile application. The exchange supports over 245 top cryptocurrencies. The advantage of ECOS exchange is the high level of security. Further to this, advanced protection systems protect ECOS and your investments.
Individuals and institutions that want to own their own mining equipment can purchase them at ECOS through the ASIC shop.
What is ECOS?
After discussing so many things, you need to know exactly what ECOS is. ECOS is a bitcoin mining organization based in Armenia. Established in 2017, ECOS has its mining center in the Free Economic Zone in Hrazdan. As such, the company is registered in Armenia. Another important thing is that the Armenian government supports ECOS since it exists in the free economic zone.
How to mine at ECOS
It is very simple to mine the “digital gold”- BTC at ECOS. The first stage is to open an ECOS account. From there, you can purchase your mining lease and start earning BTC.
Open your account here.
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