ECOS is an Armenia-based global cloud mining platform in the Free Economic Zone protected by the Armenian government. The company is the first legal cloud mining provider and has more than 250,000 users from all over the globe.
The ECOS team offers cloud mining services, allowing users to rent hash power and cryptocurrency mining without investing or managing their own data center. They also have over 750 trading pairs without hidden fees. Thus, users can exchange their assets directly in the app.
Moreover, they provide investment portfolios for users to make the best investments. If you ever need additional income, you can collaborate with them or use B2B Cloud Mining as a service to earn profitability.
Despite its many accessibilities, it received mixed reviews about its payments and some customer concerns.
Who should use ECOS?
ECOS suits people interested in cryptocurrency mining but do not want to manage their own hardware. It is also a good choice for those without experience to start earning money.
The company offers various mining plans suitable for users with different budgets and needs. It also offers a secure and convenient solution for mining bitcoins without buying devices.
It has everything in one app; you can access its unique infrastructure anywhere with an internet connection. Moreover, you can earn additional income by becoming a B2B Cloud Mining provider and earning profit from your customers.
However, some countries oppose cloud mining, so checking detailed information before investing is wise.
ECOS Mining Review: Top Features
Profitability Calculator
ECOS offers a Profitability Calculator, which allows you to choose the perfect mining plan from various options to satisfy different budgets and needs. It is used to estimate the potential earnings from cloud mining.
To use it, you must select the desired cryptocurrency you wish to mine, hash rate (also known as hash power), power consumption for your mining setup, electricity cost, and maintenance fees.
After that, ECOS will then, based on your information, estimate your potential earnings, including daily, weekly, and monthly revenue. It also shows you the estimated return on investment.
Crypto Wallet
ECOS Mining offers a convenient crypto wallet and secures any coin, currency, NFT, and investment products they support. It is available on Android and iOS, so you can fully control it on your device.
You can receive, invest, or buy over 200 cryptocurrencies with it. Moreover, with a simple process, you can generate income from mining, investment, and others.
Besides that, you can purchase and withdraw your assets. The ECOS app lets you buy coins and withdraw assets directly for over 750 exchange pairs.
Customer service
ECOS provides 24/7 customer service to help users with any questions or issues they may be experiencing. Those with questions can contact them through email, live chat support, phone support, or contact form.
Besides that, they also provide an AI, which is called an “ECOS assistant.”A good thing about it is that if the AI cannot assist you, it will give your feedback to the team.
Moreover, they also provide a knowledge base about their company and products to help those confused about ECOS Mining.
Low withdrawal
Although the minimum withdrawal of ECOS may vary depending on different cryptocurrencies and their mining contract, the based information on the website shows that the minimum withdrawal amount for Bitcoin (BTC) is 0.001 BTC, and Ethereum (ETH) is 0.05 ETH.
Hosting Service
ECOS provides ASIC mining hosting located in Hrazdan Power Plant, Armenia. They stated that it provides the best mining services with 0% taxes on imports, exports, and taxes.
Once you apply for this service, you will start mining 24/7 hours with staff taking care of your devices in a secure facility. It has vast power to keep it running without interruption and has a huge pace for miners to expand and maintain more mining farms.
Besides ASIC Miner Hosting Service, the ECOS team provides B2B (business-to-business) cloud mining services. Users can get ECOS to be their vendor partner and launch a new product to the users’ customers under their brand name.
To do that, you are required to leave your contact details. Then, ECOS will contact you within 24 hours and gives you an offer. Once ECOS launches your product, you can earn additional income from Bitcoin.
How to open an ECOS account?
Step 1: Visit the website
Visit the ECOS Mining website and click ‘Start now‘ to start the registration.
More details
ECOS allows individuals and businesses to participate in cryptocurrency mining without purchasing and managing their own hardware. The platform provides access to mining equipment, infrastructure, and support and maintenance services. Furthermore, it offers different crypto wallets so users can invest directly on the phone without much trouble.
However, ECOS has received mixed reviews from users. Some claimed it is a positive and reliable mining farm, while some expressed dissatisfaction with low profitability and technical issues.
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Low withdrawals
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Flexible mining contracts
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ASIC miner hosting service
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24/7 customer support
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Limited control of mining equipment
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Limited information about the company
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Technical issues
Step 2: Create an account
You will be transferred to the corresponding page once you click the ‘Start now’ button. Enter your email address and check the Terms and Conditions box.
After that, enter the code given by ECOS via email to activate your account.
Step 3: Select a mining contract
Once you create an account, you must select a mining contract. Choose a plan that meets your requirements and adjust your mining power.
Step 4: Complete the payment
After you are done selecting the contract, follow the payment instructions to complete the payment. ECOS offers various payment methods, including bank transfers, credit cards, money, and cryptocurrency.
Once you have completed your payment, your mining contract will be activated. Thus, you can now start mining to gain profit.
Major Drawbacks
Limited control
Users do not have direct control over the mining equipment, and the ECOS company makes the operating system. Thus, it would cause an impact on the profitability of the mining plan based on equipment upgrades and the mining process.
Limited information about the company
Although ECOS had a knowledge base about their company, some might still be concerned about the security and their personal account since there is limited information about the company.
Technical issues
Some reviews claim that their Bitcoin wallet wasn’t showing their earnings, and they have unexpectedly high fees or hidden fees in their chosen contract.
Some customers complained about bad customer service, which caused them to lose their funds and Bitcoin assets when they redirected some suggestions or issues to the ECOS team.
Improvements
While ECOS is an easy-to-use cloud mining platform, some potential ways exist to improve it.
Currently, ECOS only allows users to pay them to mine Bitcoin, Litecoin, and Ethereum. Hence, adding more cryptocurrencies to the platform gives users more options, which can earn more profit.
Besides that, the company can improve the user interface. By doing this, users can navigate and access information easily.
Lastly, ECOS can be relatively high compared to other cloud mining platforms. Thus, by reducing the fees, users can earn more profit, and the company will potentially attract more people.
Ecos Mining Review: Our Verdict
ECOS company offers investment opportunities for any budget to mine bitcoins. It has various crypto mining plans for customers and provides crypto portfolios. The company provides mining equipment, various crypto portfolios, and services for customers interested in Bitcoin mining. It is easy to use and has low withdrawals, which provides customers with daily payments.
Despite its user-friendly interface, there are still some concerns and technical issues that customers claim to be unsatisfactory. It is said that there would be unexpectedly high fees and unstable profitability due to its dependence on crypto markets.
ECOS company is a safe and legitimate cloud crypto mining platform that allows users to mine cryptocurrencies cloud-based. The company has a physical mining farm in Armenia and claims to use the latest mining equipment and technologies to provide high-quality services.
Although cloud mining can provide a convenient way to mine cryptocurrencies without expensive hardware, it also comes with several risks. One of the risks is that it is vulnerable to hacking and other security breaches, which can result in losing all your mining earnings.
Besides that, you are giving control of your mining hardware to a third party. This means that you have no control over the hardware or the mining process, which can be a concern if the service provider is not reputable.
Lastly, cloud mining contracts can be complex and difficult to understand, leaving people vulnerable to scams and fraud. It's important to carefully review the terms and conditions of any cloud mining contract before signing up.
ECOS company provides customer support via email, live chat, and phone support. It is recommended to check the FAQ section on their website to see if they have already addressed any common inquiries or issues you may have.
Susan Oh
Susan Oh is a leading figure in the integration of AI and blockchain for social good, serving as the CMO for BeOmni by Beyond Imagination and a civic technologist dedicated to creating scalable solutions. She is a board member of the Blockchain Commission For Sustainable Development supported by the UN GA Office of Partnerships, and a member of the Global Sustainability Network, a joint initiative by the Vatican and the Church of England to combat human trafficking. Recognized with the...
