#cryptocurrency mining.

[bitcoinversus]

Compass Mining Plans 30 MW Bitcoin Facility in Iowa

Compass Mining, a prominent provider of Bitcoin mining hardware and services, has announced plans to establish a new mining facility in Iowa. The company has acquired property and secured power agreements for the state-of-the-art site, which is set to begin operations with an initial capacity of 8 megawatts (MW) in January 2025. Future expansions aim to increase capacity up to 30 MW as…

[mostlysignssomeportents]

“Carbon neutral” Bitcoin operation founded by coal plant operator wasn’t actually carbon neutral

I'm at DEFCON! TODAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). TOMORROW (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Water is wet, and a Bitcoin thing turned out to be a scam. Why am I writing about a Bitcoin scam? Two reasons:

I. It's also a climate scam; and

II. The journalists who uncovered it have a unique business-model.

Here's the scam. Terawulf is a publicly traded company that purports to do "green" Bitcoin mining. Now, cryptocurrency mining is one of the most gratuitously climate-wrecking activities we have. Mining Bitcoin is an environmental crime on par with opening a brunch place that only serves Spotted Owl omelets.

Despite Terawulf's claim to be carbon-neutral, it is not. It plugs into the NY power grid and sucks up farcical quantities of energy produced from fossil fuel sources. The company doesn't buy even buy carbon credits (carbon credits are a scam, but buying carbon credits would at least make its crimes nonfraudulent):

https://pluralistic.net/2023/10/31/carbon-upsets/#big-tradeoff

Terawulf is a scam from top to bottom. Its NY state permit application promises not to pursue cryptocurrency mining, a thing it was actively trumpeting its plan to do even as it filed that application.

The company has its roots in the very dirtiest kinds of Bitcoin mining. Its top execs (including CEO Paul Prager) were involved with Beowulf Energy LLC, a company that convinced struggling coal plant operators to keep operating in order to fuel Bitcoin mining rigs. There's evidence that top execs at Terawulf, the "carbon neutral" Bitcoin mining op, are also running Beowulf, the coal Bitcoin mining op.

This is a very profitable scam. Prager owns a "small village" in Maryland, with more that 20 structures, including a private gas station for his Ferrari collection (he also has a five bedroom place on Fifth Ave). More than a third of Terawulf's earnings were funneled to Beowulf. Terawulf also leases its facilities from a company that Prager owns 99.9% of, and Terawulf has *showered * that company in its stock.

So here we are, a typical Bitcoin story: scammers lying like hell, wrecking the planet, and getting indecently rich. The guy's even spending his money like an asshole. So far, so normal.

But what's interesting about this story is where it came from: Hunterbrook Media, an investigative news outlet that's funded by a short seller – an investment firm that makes bets that companies' share prices are likely to decline. They stand to make a ton of money if the journalists they hire find fraud in the companies they investigate:

https://hntrbrk.com/terawulf/

It's an amazing source of class disunity among the investment class:

https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks

As the icing on the cake, Prager and Terawulf are pivoting to AI training. Because of course they are.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/09/terawulf/#hunterbrook

[odinsblog]

US Bitcoin Miners Use as Much Electricity as Everyone in Utah

Bitcoin miners in the US are consuming the same amount of electricity as the entire state of Utah, among others, according to a new analysis by the US Energy Information Administration. And that’s considered the low end of the range of use.

Electricity usage from mining operations represents 0.6% to 2.3% of all the country’s demand in 2023, according to the report released Thursday. It is the first time EIA has shared an estimate. The mining activity has generated mounting concerns from policymakers and electric grid planners about straining the grid during periods of peak demand, energy costs and energy-related carbon dioxide emissions.

“This estimate of U.S. electricity demand supporting cryptocurrency mining would equal annual demand ranging from more than three million to more than six million homes,” the report said.

While mining began in the US a decade ago, an influx of crypto mining companies have relocated from China after that country banned the industry in May 2021. Over the last three years, a flurry of large-scale miners have gone public in the US, setting up operations in some of the most energy-rich states such as Texas and New York.

(continue reading)

[gainercryptocom]

Caw Crypto Price Prediction: Unveiling Future Market Trends

[mommatakescareofthebills]

i love being told everything btw. if i love you and youre talking to me not a single detail is too much. youll never overestimate how much of the fabric of your day to day i want to hold in my hands and know the model and make of. im Everything Matters girl and everything matters to me

[captainwebgenesis]

RECOVERY OF LOST OR STOLEN BITCOIN // CAPTAIN WEBGENESIS.

You may be confident that any bitcoin that you lose to scammers can be recovered by working with the captain WebGenesis recovery team. . Captain WebGenesis treats his clients with the utmost professionalism and offers a 24/7 help service for your consultations. We are well prepared with Cryptocurrency recovery tools that are updated and upgraded on a regular basis to give you the most dependable and secure recovery process. Our customer service representatives are knowledgeable, effective, and available to address any inquiries you may have regarding the recovery of your funds.

[kevinsoell]

In diesem lernst du, wie wahrscheinlich es laut den BTC Top-Indikatoren ist, dass wir das finale Zyklustop in diesem Zyklus bereits erreicht haben. ���▬ GIVEAWAY 🎁 Voraussetzungen: 1) Kommentiere dieses Video. 2) Kommentiere das folgende Video: https://youtu.be/Ru7NM3Ejygg Nach einer Woche wird der Gewinner der OneKey Hardware Wallet im Wert von $99 verlost. 🙂 ▬▬ MEMBERSHIP 👑 Werde Teil unserer exklusiven Membership: 👉 https://ebel2x.com Die Mitgliedschaft beinhaltet: ✅ Exklusive Hebelstrategien (🔥) ✅ Schritt-für-Schritt-Tutorials ✅ Wöchentliche Markt-Updates ✅ Monatliche Live-Meetings ✅ Exklusive Community ▬▬ VIDEOKURS 📹 Starte dein eigenes Content Business. Das Ziel? 100.000 € / Jahr an Einkommen in 24 Monaten. Mehr Infos: 👉 https://kurs.kevinsoell.com ▬▬ NEWSLETTER 🔔 Alle wichtigen Krypto-News sowie mein Portfolio: 👉 https://newsletter.kevinsoell.com/subscribe Dort erhältst du: ✅ DeFi-Strategien ✅ Markteinschätzungen ✅ Portfolio-Updates ▬▬ KRYPTO TOOLS 🛠️ Alle Tools, die ich selbst für Krypto benutze: 👉 https://kevinsoell.com/krypto-tools Dort erfährst du über: ✅ Beste Krypto-Exchange ✅ Steuertools für Krypto ✅ Beste Wallet für Krypto ▬▬ BTC TOP INDIKATOREN: BTC Cycle Extreme Oscillators 👉 https://charts.checkonchain.com/btconchain/confluence/confluence_cycleextremeoscillators_0/confluence_cycleextremeoscillators_0_light.html LTH Binary Spending 👉 https://charts.checkonchain.com/btconchain/supply/binaryspending_indicator/binaryspending_indicator_light.html RHODL Ratio 👉 https://charts.checkonchain.com/btconchain/supply/rhodl/rhodl_light.html NUPL by Cohort 👉 https://charts.checkonchain.com/btconchain/unrealised/nupl_bycohort/nupl_bycohort_light.html MVRV Ratio Z-Score 👉 https://charts.checkonchain.com/btconchain/unrealised/mvrv_all_zscore/mvrv_all_zscore_light.html Bitcoin Euphoria Zone 👉 https://charts.checkonchain.com/btconchain/pricing/pricing_euphoriazone/pricing_euphoriazone_light.html True Market Mean & Aviv Ratio 👉 https://charts.checkonchain.com/btconchain/unrealised/mvrv_aviv_1/mvrv_aviv_1_light.html Long-term Holder Sell-side Risk Ratio 👉 https://charts.checkonchain.com/btconchain/realised/sellsideriskratio_lth/sellsideriskratio_lth_light.html ▬▬ ÜBER MICH 🤓 Hey, mein Name ist Kevin Söll. Ich habe einen Master in Wirtschaftsingenieurwesen und bin 2018 aus Deutschland ausgewandert. Auf diesem Kanal lernst du über: ✅ Kryptowährungen ✅ Bitcoin & Ethereum ✅ Decentralized Finance (DeFi) ✅ Cashflow-Strategien ✅ Borrowing-Protokolle Alles mit dem Ziel, dass du finanziell von Krypto maximal profitierst. ✌ ▬▬ DISCLAIMER ⚠️ Alle in diesem Video dargestellten Inhalte dienen ausschließlich der Information und stellen keine Kauf- bzw. Verkaufsempfehlungen dar. Sie sind weder explizit noch implizit als Zusicherung einer bestimmten Kursentwicklung der genannten Finanzinstrumente oder als Handlungsaufforderung zu verstehen. Der Erwerb von Kryptowährungen birgt Risiken, die zum Totalverlust des eingesetzten Kapitals führen können. Die Informationen ersetzen keine, auf die individuellen Bed��rfnisse ausgerichtete, fachkundige Beratung, sondern sind ausschließlich zu Informationszwecken bestimmt. Sie stellen zudem keine Anlageberatung im Sinne des Wertpapierhandelsgesetzes (WpHG) dar. Alle Inhalte geben ausschließlich meine subjektive, persönliche Meinung wieder. Eine Haftung oder Garantie für die Aktualität, Richtigkeit, Angemessenheit und Vollständigkeit der zur Verfügung gestellten Informationen sowie für Vermögensschäden wird weder ausdrücklich noch stillschweigend übernommen. Dieser Kanal ist Teilnehmer des Amazon-Partnerprogramms. Bei Links mit einem Sternchen handelt es sich um Affiliate-Links. Das bedeutet, dass ich eine Kommission erhalte, wenn du diese Produkte über meinen Link kaufst. Du hast dadurch aber natürlich keinerlei Nachteile. Im Gegenteil! Du erhältst dadurch sogar meist Vorteile. Danke für deinen Support. 🙏 ▬▬ INFO 💡 #krypto #bitcoin #ethereum Timestamps: 0:00 Einleitung 0:43 BTC Cycle Extreme Oscillators 1:15 LTH Binary Spending 2:09 RHODL Ratio 2:38 NUPL by Cohort 3:36 MVRV Ratio Z-Score 4:11 Bitcoin Euphoria Zone 4:50 True Market Mean & Aviv Ratio 5:14 Long-term Holder Sell-side Risk Ratio 5:46 Meine Einschätzung 6:52 Giveaway

[purplebitcoin]

Purple Bitcoin: A Safe and Deflationary Vision for Cryptocurrency

Given the unpredictable nature of the cryptocurrency world, stability and trust are often hard to come by, but not so with Purple Bitcoin (PBTC). The idea behind PBTC is to build the one that is the least ambiguous, transparent, and safest for investors. Purple Bitcoin, built on the Solana blockchain, is a blockchain project that focuses on efficient transactions, while incorporating scarcity driven value, using advanced technology. Unlike most other tokens, this one doesn’t rely on hype or the latest short lived trend, but rather builds long term trust through audited contracts, a deflationary burn mechanism and a commitment to transparent tokenomics.

What’s unique about PBTC is that it focuses on investor protection and sustainable growth. Unlike many cryptocurrencies where there is room for sudden change or hidden risk, Purple Bitcoin is immutable and secure. The developer has renounced ownership, and with no hidden minting, investors can confidently trust that the token's supply and functionality are permanently fixed. With each PBTC transaction the supply of the token is reduced through token burns, making the token even more scarce and valuable over time. Purple Bitcoin is a forward looking cryptocurrency that provides a secure store of value with integrity and a dedication to its community.

A Rare Endorsement from Industry Titans

In a world where trust is often in short supply, Purple Bitcoin (PBTC) has accomplished what few other projects can boast: It also has validation from two highly regarded developers with ties to U.S. government blockchain initiatives. These are the same experts who have worked on critical, high stakes systems, and reviewed the PBTC contract in great detail and confirmed that it is a perfectly designed contract. Because of their experience in finding vulnerabilities, they were able to confirm that PBTC is free of hidden exploits, un mintable, and immutable.

This is more than a formality, it's a true endorsement of our integrity. This validation is a refreshing sense of security for the investors who have been through the volatile cryptocurrency market. Because of these developers supporting the project, PBTC is a reliable, transparent token that will survive the trials of the digital asset world.

The Burn Mechanism: A Formula for Scarcity

PBTC employs a burn mechanism that systematically reduces its token supply, creating scarcity with every transaction. This isn’t a gimmick; it’s the foundation of the token’s value, crafted with precision to reward long-term holders.

The Three Pillars of PBTC’s Burn Process:

Transaction-Based Reductions

Everytime PBTC is bought, sold, or transferred, a portion of the transaction is taken out of circulation permanently. This is a transaction based burn mechanism intended to incrementally reduce the total supply of the token with every transaction. The more people interact with PBTC, the more the burn process continues to function in the background, adding to the deflationary nature of the token with every transaction. As a result of linking supply reduction to market activity, PBTC is in sync with natural trading behavior, forming a self-sustaining system that rewards long term holders by increasing scarcity and value.

Scheduled Token Burns

PBTC reduces transaction based, and also has scheduled token burns where a pre determined amount of the token is burned at certain intervals, over time. They are scheduled burns done in a controlled and predictable way so as to reduce supply further. These scheduled reductions complement the transaction based burns by guaranteeing that PBTC’s scarcity is not only driven by transactional activity, but by ongoing, deliberate efforts as well. The strategic burn approach of PBTC supports long term stability and value of the asset, making it a deflationary asset that rewards patience and long term investment.

Immutable Automation

The entire process of the burn is entirely integrated into the PBTC smart contract on the Solana blockchain and runs automatically without any manual intervention. The burn mechanism of this smart contract technology is both tamper proof and unalterable by any outside party, thereby protecting the token’s integrity. The burn process of PBTC is transparent and immutable, and is made possible through the use of Solana’s highly secure and efficient blockchain, giving investors confidence that PBTC’s deflationary features are inherent to the core structure of the token, and can’t be manipulated or changed without consensus. It is an immutable automation, which assures a fair and reliable system for all the participants.

This deflationary mechanism doesn’t just shrink supply—it builds confidence. Every reduction contributes to a stronger, more valuable token for those willing to hold.

What Bitcoin Did, Refined

PBTC draws inspiration from Bitcoin’s model of scarcity-driven value. Bitcoin became a store of wealth not just because of its technological innovation, but because its limited supply created a sense of rarity. PBTC takes that same idea and enhances it with real-time burn mechanics.

PBTC offers a path to scarcity that doesn’t rely on waiting years for halving events. Its design actively aligns with market activity, adapting to demand while protecting supply integrity.

A Token Built for Trust

In the cryptocurrency market, Purple Bitcoin (PBTC) is unique in that it does not base its existence on vague promises and flashy marketing. While many projects are built on hype and uncertainty, PBTC was built on transparency, security and sustainability for the long term. One of its main priorities was to solve problems crypto investors have been struggling with for a long time—fake contracts, sudden token mining, and unpredictable prices. Through careful planning and a clear vision, PBTC is looking to bring a stable & transparent token to investors.

This is not for people looking to make quick money or to speculate. It is designed for investors who prize clarity, security, and smart design, instead. PBTC’s unique features such as an audited contract, renounced ownership, and deflationary supply model are built to make sure that PBTC is a trustworthy long term project. Its value is founded on these fundamental principles, creating an ecosystem which rewards patience and makes it possible for investors to have faith in the token’s future. With PBTC we are trying to create a digital asset that will stand the test of time and provide transparency and stability for those who invest in it.

Why Investors Are Watching PBTC

Purple Bitcoin (PBTC) is appealing because it’s simple, and it’s committed to transparency. Unlike many projects that promise to dominate the market quickly or gain speculative profits, PBTC is about delivering a reliable and predictable token with a sustainable future. Using a deflationary model with tokens being burned with every transaction, PBTC slowly reduces its supply and may therefore create scarcity and drive long term value. By being a calculated approach, this makes PBTC a good investment choice for those who want stability over high risk volatility.

As the cryptocurrency market gets more mature, PBTC is a strategic move towards safer, more thoughtful tokenomics. Created with investors who are tired of hype projects and are looking for a project that has tangible value, transparency, trust, and sustainability. PBTC isn’t another speculative asset, it’s a token that is built on principles of reward for patience and long term commitment. The PBTC approach is a refreshing change for anyone who’s had enough of the wild swings that are characteristic of crypto and instead wants to focus on long term growth with minimal risk. 

Join the PBTC Community Today

We at Purple Bitcoin (PBTC) believe in community driven decision making and transparency. When you join our ecosystem, you’re part of a movement that believes in stability, trust, and long term growth. Whether you’ve been investing for decades or you’re just getting your feet wet, PBTC is a chance to be a part of a token with a long life. Don’t miss out on the opportunity to help build a safer, more sustainable financial ecosystem – join the PBTC community today to help us shape the future of cryptocurrency. We can do more together!

[ujaglobaladvisory]

Taxation of Bitcoins and Cryptocurrencies in 2025

Cryptocurrencies like Bitcoin have become increasingly popular as both investments and means of transaction. However, their tax treatment can be complex. Understanding how cryptocurrencies are taxed is crucial to staying compliant and avoiding potential penalties. Here’s a comprehensive guide to how Bitcoin and other cryptocurrencies are taxed in 2025. 

In India, the taxation of Bitcoin and other virtual digital assets (VDAs) is primarily governed under Section 115BBH of the Income Tax Act, 1961, which was introduced in the Finance Act 2022. This section and its provisions outline the tax treatment of income arising from the transfer of virtual digital assets, including cryptocurrencies like Bitcoin. 

To know more blog insights, check the link https://uja.in/blog/taxation-times/taxation-of-bitcoins-and-cryptocurrencies-in-2025/

[timmurleyart]

Bitcoin Santa. 🎅🏻💵💲🟥🟩💰

[blog-chiefpuppystudent-stuf-blog]

like and subscribe

[bitcoinversus]

Canaan Inc. Expands Self-Mining Operations in Texas and Pennsylvania

Canaan Inc., a leading provider of high-performance computing solutions, has announced a significant expansion of its self-mining operations in North America. The company aims to achieve a capacity of 10 exahashes per second (EH/s) by mid-2025, focusing on strategic partnerships in Texas and Pennsylvania. In Texas, Canaan’s subsidiary, Beet Digital LLC, has entered into a joint mining agreement…

[cryptograndeenews]

1 HMSTR - 10 Dollars!

Hello Hamsters! 1 HMSTR - 10 Dollars! Don't sell your hamster!

[misternews]

BITCOIN KING OF CURRENCY

Bitcoin, the revolutionary digital currency, has been making waves in the financial world since its inception in 2009. With its decentralized nature and secure transactions, it has gained popularity among investors and tech enthusiasts alike. In this article, we will delve into the world of Bitcoin, exploring its features, benefits, and the future it holds.

What is Bitcoin?

Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries such as banks. It was invented by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Operating on a technology called blockchain, Bitcoin ensures secure and transparent transactions through a network of computers known as nodes.

How Does Bitcoin Work?

Bitcoin works on the principle of blockchain technology, a distributed ledger that records all transactions made using the indo3388 cryptocurrency. When someone initiates a Bitcoin transaction, it is broadcasted to the network of nodes. These nodes validate the transaction by solving info slot complex mathematical problems. Once verified, the transaction is added as a block to the blockchain.

Benefits of Bitcoin

Decentralization: Bitcoin operates on a decentralized network, meaning that no central authority controls or governs it. This provides individuals with more control over their finances and reduces the risk of government interference or manipulation.

Security: Bitcoin transactions are highly secure due to the use of cryptographic algorithms. Each transaction is digitally signed to ensure authenticity and integrity, making it nearly impossible to counterfeit or manipulate.

Anonymity: While Bitcoin transactions are public, users have the option to remain anonymous. Instead of using personal information, Bitcoin addresses are used, providing a certain degree of privacy.

Low Transaction Fees: Traditional financial institutions often charge hefty fees for international or large-scale transactions. Bitcoin eliminates the need for intermediaries, resulting in lower transaction fees, especially for cross-border transfers.

Global Accessibility: Bitcoin can be accessed by anyone with an internet connection, regardless of their geographic location. This allows for seamless international transactions and financial inclusion for the unbanked population.

The Future of Bitcoin

The future of Bitcoin looks promising, with its growing acceptance and adoption in various industries. Here are some slot gacor key factors shaping its future:

Increased Institutional Adoption: With companies like Tesla and Square investing in Bitcoin, institutional adoption is on the rise. This not only adds credibility to the cryptocurrency but also paves the way for more mainstream acceptance.

Technological Advancements: As technology evolves, so does Bitcoin. Innovations such as the Lightning Network aim to improve scalability and transaction speeds, addressing some of the current limitations of the network.

Central Bank Digital Currencies (CBDCs): Governments around the world are exploring the concept of CBDCs, digital currencies issued and regulated by central banks. This could potentially lead to a greater acceptance and integration of Bitcoin into the traditional financial system.

Store of Value: Bitcoin is often referred to as "slot online" due to its limited supply and scarcity. As a store of value, Bitcoin can act as a hedge against inflation and economic uncertainty, making it an attractive asset for long-term investment. In conclusion, Bitcoin has emerged as a revolutionary form of digital currency, offering benefits such as decentralization, security, and low transaction fees. Its future looks promising, with increasing institutional adoption and technological advancements. Whether Bitcoin will become the currency of the future remains to be seen, but its impact on the indo3388 financial landscape is undeniable. So, are you ready to embrace the world of Bitcoin and explore the possibilities it holds?

[gainercryptocom]

Free Crypto Games: Earn Cryptocurrency While Having Fun!

[ecosmining]

What Equipment to Use for Mining Bitcoin Profitably After the Halving?

In April 2024, the next Bitcoin halving took place. The reward for mining one block was reduced by 50% and is now 3.125 BTC. Due to this, some may begin to doubt mining — will this activity continue to bring in a decent income? Based on our extensive experience, we can confidently say that mining can and should remain profitable even after the halving. In this article, we will discuss how to organize Bitcoin mining most rationally and what equipment to choose for this.

Bitcoin Price Will Definitely Rise After the Halving

Since the launch of the first cryptocurrency, its halving has occurred approximately every four years. In 2024, this happened for the fifth time. Throughout all these years, the price of BTC, its market capitalization, and audience have steadily increased. The popularity of mining is also growing, and new technologies are being developed to increase its efficiency.

The person or team behind Bitcoin came up with halving to control inflation and maintain demand for the coin. Halving benefits Bitcoin and in no way deprives miners of their well-deserved reward. The rarer the asset, the higher its value — this rule works after each halving. That’s why starting mining right now is an excellent idea.

Three Secrets to Keep Mining Profitable

To make money mining BTC after its halving in 2024, you need to:

Buy or rent the latest generation equipment

Reduce expenses

Find a reliable hosting provider

Let’s take a closer look at all these points.

Today, one of the best ASICs for mining Bitcoin is the Antminer 21 series. It stands out for its high hashing power combined with relatively modest energy consumption. The Antminer 21 significantly outperforms miners of previous generations. The manufacturer of this series, Bitmain, is one of the most well-known in the industry. This is a reliable brand with a very strong team, extremely popular among crypto professionals.

To increase revenue, you can purchase multiple devices and combine them into a mining farm. However, this may require too high initial costs. Additionally, you will need to find a place to host the equipment. It not only consumes a lot of energy but also makes a lot of noise. To reduce the noise level, you can buy ASICs with a water cooling system — but they are more expensive than regular ones.

To cut costs, you can rent a miner instead of buying it. Remote providers can afford the most modern ASICs. You will be able to choose one or several machines with suitable characteristics. The provider will take care of the installation, maintenance, and repair of the equipment. Their staff has all the necessary knowledge and skills. Your involvement in mining will be minimal, and you will be able to receive truly passive income.

Another option is to try cloud mining, a more modern and accessible alternative. You will be renting not an ASIC but hashing power. First, you will purchase a contract on the most comfortable terms for you. After that, your task will be reduced to regularly transferring the commission to the provider — and they will take care of everything else. You will start receiving income on the rise in the price of Bitcoin. If you want to increase your profits, you can buy multiple contracts.

Each halving forces mining providers to rethink their strategies and optimize their activities. Some of those who cannot cope with these tasks close down. That’s why it’s important to check the provider’s history — the longer they have been in business, the better.

The second important parameter is customer reviews. It’s not a problem if some of them are negative — the main thing is that the majority are positive. The contract terms of a good provider are detailed and transparent. The support service is polite, informed, and responds promptly to customer inquiries.

ECOS meets all the criteria of a first-class provider for remote mining. This company is located in the free economic zone of Armenia, where cryptocurrencies are legal, and miners are exempt from taxes for 25 years. The Razdan power plant provides stable access to cheap energy. The security of the territory where the equipment is located is guaranteed by armed guards. The equipment downtime is close to zero. If an ASIC breaks down, it will be promptly repaired on-site, without wasting time sending it to the manufacturer’s service center.

ECOS clients can choose a cloud mining contract from existing options or create their own, individual one. The selection of equipment rental or purchase options is also very large. Clients appreciate ECOS for its transparent terms, reasonable prices, and quality service. This is an ideal provider for beginner miners who are just taking their first steps in the industry. Experienced miners note the exceptional reliability of ECOS, honesty, and timely payment of rewards.

ECOS Client Case

To confirm the above theory, let’s consider a real case of one of the ECOS clients. Let’s denote him by the nickname anto******duate.org.

Immediately after the previous halving in 2020, he bought an Antminer T17 for $699. The hashing speed of this miner was 38 terahashes per second. Four years ago, this model was considered advanced, one of the best on the market.

From November 25, 2020, to November 1, 2021, anto******duate.org earned 0.08026213 BTC with his Antminer T17, which in fiat currency amounted to $5,327. Hosting and miner maintenance costs were only $1,080. The client received a net profit of $3,548. Mining turned out to be a more profitable activity for him than buying bitcoins. If he had bought bitcoins, his profit would have been only $2,900.

To estimate your upcoming expenses and profits, you can use the calculator on the ECOS website. We hope that with the help of this tool, you will see that mining BTC can still be profitable even after the halving!