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Discuss Ecos.am

General discussions of a financial company
Hey, everyone! We are happy to tell you that we've decided to renew our webinars

This Friday we'll tell you how to get away from the crisis. You're welcome ✌️

Date: April, 10
Time: 12-00 UTC


 
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Hi guys, check our new rates for the mining equipment! They have been decreased for now!

You can also find a new mining calculator which would allow you to see the estimated profit of your device over time!

P.S. Get 100 USD cashback to your account balance with every device purchase. The offer is available only untill 23:59 April,12.
 
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What application do you use to call friends and colleagues during quarantine?

Surely it's Zoom! The number it’s users increased to 200 million in March 2020.

But did you know that recently Elon Musk prohibited SpaceX employees from using Zoom because of “significant security and privacy issues”? He recommended to use email and phones instead of it. And he is not the only one who did so. NASA also forbade its employees from using Zoom for the same reasons.

Why did it happen?

In mid-March, when the number of users of the service started to grow very quickly, it seemed that the only problem could be the deterioration in the functioning of the application. But, as it turned out, the problems were much more serious. At first it became known that Zoom leaked users data, and then - it became clear that the application is easy to crack. In particular, Singapore authorities banned schools from holding school lessons in Zoom, after one of the lessons was cracked by hackers.

That was nice while it lasted.

As the coronavirus plunged the world into chaos, forcing entire states to isolate itselfs, Zoom has become the most important communication tool. The service became so popular that it took the first place among all the free apps in the App Store, beating Google, WhatsApp and even TikTok.

The financial component has also been affected by the popularity. The company’s stock were lifted on 143% since the IPO and on 44% over the past month. The company's capitalization reached $ 42 billion, and the fortune of Zoom’s CEO, Eric Yuan, reached $ 5.5 billion.

Is it safe to use Zoom now?

At the moment, it is difficult to say whether it is worth using the Zoom application in case of you don’t want to lose your data or make public your communication with other person. But the CEO of Zoom, Eric Yuan, claims that he is already making every effort to ensure the high level of application security.

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.
 
And what contract have you already bought, and how often do you manage to withdraw funds? We are all interested.
 
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The general director of the Social Capital venture company, Chamat Palihapitiya, considered that Bitcoin will soon be able to exceed the value of $ 1 million.

In his opinion, the BTC rate will grow, especially against a background of news that the US Federal Reserve plans to print $ 6 trillion. According to Palihapitiya, these circumstances would make new investors draw attention on bitcoin and other cryptocurrencies, which are independent from decisions of central banks.

At the same time, the billionaire said that the growth will not happen immediately: “If you say that cryptocurrencies will replace fiat money now, then just look at the volatility of the US dollar. It’s very difficult to replace the dollar with an asset which volatility is an order of magnitude longer.” However, such an evaluation assumes that those who hold Bitcoin will be in a favorable position at the appropriate time.

According to Palihapitiya,bitcoin may become a global reserve currency in the future, especially if central banks will continue to forward to the same policy and print money at the time of any economic crisis. However, he estimated that this is likely to happen "over the next 10 years."

This is not the first time the billionaire supports cryptocurrencies. In the middle of 2019, the investor told that Bitcoin is the best risk-hedging tool.

Chamat Palihapitiya, whose net worth is approximately $ 1 billion, is the founder and CEO of Social Capital. Palihapitiya was one of the first leaders of Facebook, joined the company in 2007 and left it in 2011. He is a shareholder and a member of the board of directors of Golden State Warriors.
 
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Before the coronavirus pandemic, economists expected that the world economy will grow by about three percent in 2020, but COVID-19 turned their predictions to dust. Now, as Bloomberg estimated, the coronavirus will cost the world's economy $5,5 trillion. It’s three times more than the GDP of Russia and more than the GDP of Germany (the largest economy in Europe).

The amount of $ 5.5 trillion is still preliminary and may change, but it is now clear that coronavirus will be very expensive.

For example, the size of the US budget aid package is still under discussion, but it is known that it is definitely more than $ 10 billion, but less than $ 50 billion, which Donald Trump recently spoke about. At the same time, it became known that US authorities are ready to inject about $ 4 trillion into the US financial system to stabilize the economy.

According to European economists, the EU will have to spend about $ 350 billion to eliminate the consequences of one-month quarantine. This money will be spent in order to support healthcare, people and business. Such measures will help to slow down and stop the epidemic, maintain the financial stability and aid small and medium-sized enterprises bankruptcy.

As for the economy of China (the second economy of the world), it has already suffered losses in the amount of $ 143.1 billion, or about 1% of the country's GDP, according to the Taihe analytical center.

Since the US, China and the EU account for two thirds of the world's economic activity, their recession will be enough to slow down the entire global economy. And if we take into account the threat of falling prices for oil and metals, which would affect the commodity-dependent economies, the picture becomes more depressing.

The period of instability of public financial systems and national currencies is an excellent time to draw the attention to digital money and alternative sources of income. ECOS offers you the best Bitcoin mining solutions. With us it is possible to purchase equipment and place it on a remote hosting in the mountains of Armenia without leaving your home. Visit our website to find out more.
 
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Despite the global economic crisis and problems related to it, the cryptocurrency mining industry is fully running. The future of digital currencies is filled with profitable opportunities for individuals and corporations, which are interested in mining or buying and selling cryptocurrencies. It means that you should not wait for the moment when the cost of bitcoin exceeds $ 10,000 to buy your first mining equipment. You must do it now!

Of course, you should be aware that you cannot achieve the greatest results using outdated equipment. Bitcoin mining is a technically difficult process, which requires an energy-intensive machine that can generate the power necessary for complex operations.

What does this mean? It means that you need to always be aware of the latest trends in the field of cryptocurrency mining in order to have an understanding of what technology will really be profitable, will be able to increase your investments and will not become obsolete in the near future.

We decided to help you with this and prepared a short list of the best mining equipment items for everyone in 2020!

Antminer T17 38Th/s - $998

Antminer T17 uses a second-generation 7nm chip and designed for mining cryptocurrencies based on the SHA256 algorithm, such as Bitcoin and Bitcoin Cash.

The device has a hash rate of up to 38 TH / s and has an energy efficiency of 55 J / TH. According to Bitmain, the T17 boasts the same productivity benefits as the S17.

“The Antminer T17 utilizes dual tube heat dissipation technology to reduce wind resistance. The space between the air inlet to the air outlet has been reduced by 50%, improving heat dissipation which further enhances the long-term operation of the miner and reduce maintenance costs for users” - writes Bitmain.

Antminer T17e 47Th/s - $1299

Antminer T17e, like T17, uses a second-generation 7nm chip and designed for mining cryptocurrencies using the SHA256 algorithm. The device is capable of generating a hash rate of up to 47 TH / s and an energy efficiency of 55 J / TH.

Antminer S17+ 64TH/s - $2197

The most expensive item in our list today - Antminer S17 + is made in the traditional manner for the latest models of the manufacturer - as two ASICs installed one on top of another with an integrated power unit. The model allows you to mine cryptocurrencies using the SHA-256 algorithm. The device is capable of generating a hash rate of up to 64 TH / s and has an energy efficiency of 55 J / TH.

You decide what to choose! Do not forget that you can not only purchase the item from us, but also to co-locate it on our hosting in the mountains of Armenia, without leaving your home. You can find all three models on our website.

Stay at home and mine with ECOS!
 
I bought a semi-annual 20 TH / s conclusions I make about once every two weeks, but I would like to have a bigger contract, in fact for this reason I am thinking about buying additional one.
 
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