How much money do you need to start mining?

ECOS M
2 min readSep 30, 2020

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Bitcoin mining difficulty is growing, the hash rate is breaking records, which means that the number of miners is increasing, and experienced players connect additional equipment and upgrade the old one to more powerful one.

And this is not surprising! After all, thanks to mining, you can get less risk and the same profitability as when trading cryptocurrencies. How much money do you need to start mining bitcoins? To mine you will need hardware, electricity (the cheaper the better) and a place for mining rigs. Do not forget that the equipment requires attention and maintenance, so your own mining farm can never be “passive earnings”.

According to many industry experts, owning a mining farm makes sense with an investment of $20,000, because the cost of one modern ASIC exceeds $2,000. You need to have at least 10 miners to keep working if some of them fail. Therefore, warranty and service are an important argument for purchasing new equipment. The payback period for your mining farm is within a year or two.

But there is an alternative that allows you to make money on mining, avoiding the costs of working with your own equipment. It’s ECOS cloud mining! With us, you do not need start-up capital, and more importantly, you will not have to recoup it. Just choose a contract that suits your risk profile, and we will provide modern equipment, service it, agree on the supply of cheap electricity and transfer your profit to you. Follow the link and get special offer right now: https://mining.ecos.am/

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ECOS M

ECOS M is an innovative IT company based in Armenia, in the Free Economic Zone.