Discuss Ecos.am

[ecos_mining]

Hi, this is a “tips for beginners” section! After we published the material about the best films about cryptocurrencies , we received messages with a request to advice on similar books.

We listened to our subscribers and prepared a short list of books about blockchain and bitcoin, which will fill your head with the necessary knowledge and give an initial understanding of how this technology works, why it was created and why it can change the human idea of money.

‘Mastering Bitcoin For Dummies’

If you are just taking interest in this topic, this book is great for beginning! Its author, Alan Norman, writes that Bitcoin marked the beginning of a new era. The revolutionary significance of bitcoin is that people have realized the value of digital money. The whole world was swept by a wave of interest in digital currency. Bitcoin rapidly changed the very essence of money, and this book tells in simple language how it happened.

“How Money Got Free”

“How Money Got Free” by Brian Patrick Echo is the most detailed and fascinating story about what the new currency is and how it is changing the economy. This book is a compulsory for anyone who wants to understand how Bitcoin and all digital currencies are arranged. Furthermore, this book talks about all aspects of the mysterious history of bitcoin: mistakes , the secret of Satoshi Nakamoto’s personality, battles in the courts and various the vicissitudes of fate, without which not a single cryptocurrency based on the blockchain could do.

“Digital Gold”

Nathaniel Popper’s book, Digital Gold, was one of the first. where the stories of bitcoin and how blockchain and digital currencies changed the world were told. The author paid special attention to the figure of the mysterious bitcoin founder Satoshi Nakamoto, talking with many prominent people from the time of the bitcoin formation. It shows the history of bitcoin through the eyes of several famous figures of this industry, who stood at the origins of this revolutionary technology. Among them are millionaires from Asia and South Africa, and also Winklevoss twins, who created the Gemini exchange service.

 

[ecos_mining]

Yuval Noah Harari, a professor of history and author of international bestsellers shared his opinion on how our world will change after coronavirus in a recently published article that appeared in The Financial Times.

According to Harari, there are serious concerns about the fact that the governments of many countries have introduced new means of monitoring people. For example, in China the government services scan people’s smartphones, use millions of face-recognition cameras and force people to report temperature and health conditions, resulting in the appearance of applications which warn citizens about their proximity to infected patients.

It would seem that there is nothing new in that and such an approach will help many countries to overcome the epidemic faster, but the professor of history believes that’s not the point. “When your finger touched the screen of your smartphone and clicked on a link, the government wanted to know what exactly your finger was clicking on. But with coronavirus, the focus of interest shifts. Now the government wants to know the temperature of your finger and the blood-pressure under its skin.”- the author wrote.

What would this lead to?

According to Harari, “this would give legitimacy to a terrifying new surveillance system.” In his view, the technology that identifies a cough could also identify laughter, and if corporations and governments start to collect biometric data, they can get to know us much better. The writer claims that this can lead to the fact that governments will not only predict our feelings, but also manipulate our minds and impose goods or political decisions on us.

Blockchain is a key.

In his article, Harari does not say what would help humanity to get rid of such observation and manipulations, but obviously the only technology that has the power to do so is blockchain. At some point, humanity felt an urgent need for creating a decentralized financial system - that is how cryptocurrency appeared. And today we can easily imagine that if blockchain would be extended to other areas of our lives, including healthcare, this will help not only to increase the efficiency of fight against coronavirus, but also to ensure the inviolability of everyone’s personal data.

ECOS uses additional security features to protect user data, meets the PSI DSS and GDPR requirements and ensures that customers' personal data cannot be leaked. We advise you to use the products of only those companies that you really trust.

 

[ecos_mining]

In our articles, we often tell you about the ECOS mining hotel. Today, in the “Tips for Beginners” section, we will tell you more about how mining hotels work and explain how you can make money from it right now.

What is mining hotel?

This is an industrial place where anyone can leave their own mining equipment. Typically, the area of mining hotels is well guarded, well ventilated and cooled to ensure the ongoing process of mining cryptocurrencies.

Why is it popular?

All miners started from the same thing: buying equipment and installing it at home. As you know, home mining causes many problems - limited power, constant noise, huge electricity bills and so on. In connection with that, the demand for mining hotels, which solve all these problems, has increased. In addition, mining hotels usually have access to cheap or free electricity, which greatly increases the profitability of such earnings compared to home or garage mining.

How much does it cost?

It depends on where the mining hotel is located. For example, ECOS mining company has its own quota at the capacity of the thermal power plant, which makes the prices of our services more attractive comparing with other companies. Pay attention to legitimacy of electricity the hotel uses. Otherwise you may one day lose your equipment, all such risks are described in our article

Fines and penalties for illegal mining — ECOS BLOG — Free Economic Zone

.

How does it work?

Right now you can visit our website, purchase equipment and place it on our hosting in the mountains of Armenia, without leaving your home! You don’t need to spend your time on choosing devices and bother with their installation and maintenance. We’ve assumed it all! That's why mining hotel is a great option not only for professionals but also for beginners.

Also, specially for you, we have prepared a video

ECOS data center in the Free Economic Zone.

Let's have a look at how your equipment is being installed in ECOS data center in Armenia. More details on ECOS services are here: https://is.gd/mJ6CcG ECOS ...

cutt.ly

about how the ECOS mining hotel functions!

 

[ecos_mining]

Hi there

Have you started following the telegram channels we advised you? Cool, but probably you still have a lot of questions.

We’ve prepared a compilation of videos from our YouTube channel, which will help you to fill gaps in your knowledge of cryptocurrencies, blockchain and mining!

What is bitcoin? How does it work? What is mining? Click on the link to find out!

What is blockchain? Why can’t cryptocurrencies exist without blockchain? It is hard to start mining without knowing these facts!

How to start bitcoin mining? We told you about all available ways to start mining of the first cryptocurrency!

Do you know, that you can start mining from home right now? Our expert is here to tell you how to do that!

Finally, we took into account all questions, which we are getting from our customers and answered them.Watch the video!

 

[ecos_mining]

We promised to tell you how to invest your time, while you're at home.

We promised - we tell!

FPA Forums Team Note: Company discussion threads may be used for company announcements, but are not for clickbait teasers.

 

[MarryLo]

What about asics? If you have the opportunity to buy several cloud mining contracts, it may be worth considering the purchase of equipment.

 

[ecos_mining]

Last week, WTI (Western Texas Intermediate) oil prices fell below zero for the first time in history.

No one needs oil anymore?

No, this is not the case. You need to know that the only one type of WTI contract has broke through a zero mark - May Futures (CLK20). It was a delivery futures contract - concluded and prepaid for the delivery of goods in the future.

The point is such futures are convenient for stock-market speculation. Traders usually deal with them when they are confident that they will be able to buy and resell oil under the contract before its execution time. In other words, May futures for WTI is a contract for real oil, which had to be delivered or accepted during May.

What went wrong?

Most of the US oil storage facilities are concentrated in a small American town Cushing, Oklahoma. WTI oil futures are attached to supplies to this city. The problem is that Cushing's oil storage facilities were 67% full, thus some of the reservoirs are reserved and cannot be used for stock-exchange’s contracts. It turned out that it was practically impossible to place real oil at oil storage facilities by the deadline.

Why did the price turned negative?

Traders who had contracts on their hands were ready even to pay someone to get rid of them. Because in other case, they would have to do something, what they are not able to do - to accept the real oil.

What was the result?

Due to the fact that it happened for the first time, it caused panic on the market, which affected the June futures contract for WTI - traders foresee the same problems with it. Experts say that the oil market is also capable of other unpleasant surprises. Oil consumption decreased by 30% worldwide, but oil workers don’t want to reduce production and preserve the oil wells.

What happens then?

Obviously, the world is changing and oil will no longer be in demand after some time. Humanity will switch to alternative sources of fuel, which would affect the world of finance, too and cryptocurrencies would replace fiat money. Many experts already say that investing in Bitcoin now is one of the best ways to make money in the future. You can start doing it now with ECOS.

 

[ecos_mining]

IMAGE REMOVED.
THIS IMAGE WAS COPYRIGHTED AND USED WITHOUT PROPER ATTRIBUTION.

The original versions can be viewed here...

https://www.flickr.com/photos/30478819@N08/32436413297/

Bitcoin just broke through an important psychological mark of $ 8,000 and is most likely to continue growing. We recently told you about the reasons for the possible increase in the cost of cryptocurrency №1. Let’s do that again!

FPA Forums Team Note: Company discussion threads may be used for company announcements, but are not for clickbait teasers.

 

[ecos_mining]

Wow! Bitcoin is on a new level!

As of Thursday, April 30, The №1 cryptocurrency is trading at $9281,39 now, according to Bitstamp.

Subscribe to our social media to get all the updates from blockchain world!

@ecosmining | Linktree

Linktree. Make your link do more.

linktr.ee

 

[ecos_mining]

You have probably heard that China plans to launch a national digital currency. What do you need to know about this?

The Chinese national cryptocurrency will be called DC/EP - Digital Currency Electronic Payment. It will work on a blockchain platform called BSN, which was launched a few days ago on April 25th.

The development of the national Chinese cryptocurrency began in 2014. The date of launch for the digital yuan has not yet been confirmed by the Central Bank, but some sources report about the full launch in mid-2021.

According to information taken from open sources, the crypto yuan will be convenient for the use - for example, in addition to the standard functions (receiving and sending payments), the ‘touch and touch’ option will be also available - in order to make a transfer, user’s smartphone will just need to come into contact with another device.

What’s wrong with that?

The point is that the crypto-yuan blockchain cannot be decentralized. This deprives cryptocurrency of one of the most important advantages - anonymity. According to representatives of the Central Bank, China generally considers its own cryptocurrency as a tool of countering new and existing digital currencies.

At the moment, it is difficult to say exactly how the launch of the first ever national cryptocurrency would affect on Bitcoin and other decentralized coins, but one thing is certain - governments have started to pay attention on digital currencies - it means that we're heading the right way!