FAQ

Mining is the process used by Bitcoin and some other cryptocurrencies to generate new coins and validate new transactions. This includes a large decentralized network of computers around the world to verify and secure blockchains. The virtual ledger records cryptocurrency transactions. In exchange for computing power, the computers in the network receive new coins. It is a virtuous circle. Miners maintain and protect the blockchain, and blockchain coins award prizes, and these coins incentivize miners to maintain the blockchain.

Bitcoin miners earn rewards, paid in Bitcoin, for verifying a new block of Bitcoin transactions. Miners who successfully validate a block will receive a reward of 6.25 bitcoins. Multiple miners work together in mining pools, often earning lower but more frequent rewards.

The machines we buy every month are shipped to a number of places with low electricity prices. Currently, they are spread across 12 locations in four countries: Russia, Canada, the USA, and Iceland. This allows us to reduce risk and get better prices for everyone.

Cloud mining is the rental of mining equipment/hash power. In this case, you don't need to buy expensive mining equipment and you don't take any risks due to its breakdown. You will not incur additional costs for accommodation and equipment maintenance, nor for any breakdowns. When you purchase a cloud mining contract, you pay a fixed amount for the use of the equipment located in the ECOS data center. The main advantage of cloud mining is getting BTC quickly in your wallet. You don't need to wait for pre-orders of mining equipment for more than 6 months and pay more than $10,000.

In order to start investing, you need to buy a cloud mining contract. By purchasing the contract, you are renting some power (TH/s). The higher the cost of the contract, the higher the amount of power you purchase. In order to choose the most suitable contract, you can use the convenient calculator on our website. If you need more detailed calculations (yield per day/month), you can contact our technical support or chat on our website. Our managers will send you detailed calculations and will help you find the best contract.

We are combining all the key aspects of conducting an efficient cryptocurrency mining activity. From building a highly efficient data center to providing a robust mining system for our users.