🔔 Do not miss out a new round of #Chainbusters online discussion series today! The theme of the meeting is Bitcoin Halving.

On: 2nd May 2020, at 09:30 UTC
Gates open: 09:00 UTC

The team comprises of:

✅ Dr. Marco Krohn CEO & CoFounder, Genesis Group / Genesis Mining
- One of the largest crypto mining groups in the world. Will join in from the UK

✅ Ilya Goldberg, Managing Partner, ECOS.am
 – Runs an SEZ and Mining Farm in Armenia. Leads Blockchain and crypto evangelism in Russia and Armenia. Joining in from Moscow

✅ David Marshall, Partner, TradeDog
– Top class global analysis on cryptocurrencies. Holding fort from the UK

✅ Sathvik Vishwanath, Co-Founder & CEO, Unocoin
– Well, who does not know him in India? Has seen 2 bitcoin halvings.

✅ Alex Lam, CEO, RockX
- Early mining adopter. Has seen 2 bitcoin halvings and the movement of Bitcoin in China. Will be with us all the way from Shenzen, China

🎤 Discussion Lead: Pavel Bains, CEO, Bluzelle, Singapore

📈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!

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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.

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!

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.

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!

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.

🎬 For those, who have no clue what to do on quarantine, we've prepared a list of the top 5 films about blockchain and cryptocurrencies!

Enjoy it! 🤙

https://medium.com/ecos-am/the-top-5-movies-about-blockchain-and-digital-currency-398b5ae0f1dd