ECOS Armenian Mining Company

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ECOS Armenian Mining Company turns to scam status.

Reason : I hesitate on the reason, it is not a Ponzi, since visible we are not even profitable on our investment. Just thieves.

In short, a nice scam very well managed.
Everything suggests that it really exists, but the revenue management is so well done that you don't realize it's a nice scam.

I took a 24 month contract at $300 when Bitcoin was at 37k.

It's been 5 months, and I see that I've only won $5.

Also, currently I'm paying more fees than earnings.

As you can see in the picture.

To pay a KWH of less than $0.04, it doesn't make sense, at this price, I should already be at more than $40, despite the fall in the Bitcoin price.

I have asics miners mining in Canada for $0.05 per KWH and I'm still profitable.

So, if we follow the ECOS Mining strategy, in 2 weeks my profit of 5 months will be lost.

Again this cloud mining is a scam, do not invest.

Although, I admit, they were very strong, because the company really exists and the installation is there.

The scam lies in the fact of voluntarily paying less than expected, pretending that Bitcoin is at 16k and that necessarily it is not profitable.

Bitcoin will be profitable up to 12k$ if you have a last generation asic miner and if you pay 0.04$ per KWH.

Thanks.

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BTC com has confirmed that they do not have any co-operation with ECOS and they have confirmed that ECOS doesn't mine on their Pool as well.

ECOS should confirm on what pool they are mining.

Sunny (Bitmain)

Oct 5, 15:14 CST

Dear

Thanks for reaching out to us. Sorry for the late reply,as it's National Day. Already confirmed, we dont have cooperation with ECOS
Please let us know if you have additional questions or concerns.

Thanks & Best regards
Pool Support
Sunny



Happie150615

Sep 30, 22:01 CST

Hi Team,

I am planning to invest with Ecos in their Cloud Mining Contracts. But before investing my money, would like to know if they are really mining with you as they have confirmed that their Mining Farm mines with BTC com and have asked to double check with you as well.

So would like to confirm with you if its TRUE or NOT.

Please confirm if ECOS mines on BTC com or NOT.