Is free mining just a trap?

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dan_satMember
Posts: 7 · Reputation: 134
#1Nov 23, 2017, 04:27 AM
I've been hearing about ECOS for some time, and now they've revamped their Try Before Buy thing, and it actually seems pretty cool. They're offering free mining with no strings attached. I decided to give it a shot: signed up and honestly, no wallet or card needed. Activated a miner for a month, so we'll see how much I can earn. Here’s what I found: ECOS has a 30-day free BTC mining offer. No deposit, no card or wallet link required. Super quick and easy registration (just email and phone). They say you can make around $200 to $250. Mining kicks off the next day, so I'm curious to see how it turns out (my ASIC is still pending for now). I want to keep track of: how much it actually makes, how daily payouts work, and what I need to do to withdraw in the end.
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coin_sigmaLegendary
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#2Nov 23, 2017, 10:21 AM
Are you sure you don't own this mining site? Why are you promoting it here? Unfortunately, many people are claiming that this is a scam mining site, including their app. Look at the reviews here https://play.google.com/store/apps/details?id=am.ecos.android
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degen_satoshiFull Member
Posts: 88 · Reputation: 441
#3Nov 23, 2017, 01:23 PM
They are running a Ponzi Sorry I don't want to ruin this for you but if truly you set this up and running you are sadly the only person using that scam platform. Don't bother posting it on here because many people understand that cloud mining is long dead, any form of cloud mining today is nothing but a running scam. Your claimed Asic miner isn't really yours,   That's just on paper It's a shame that people still spend money on websites showing a asic miner running 💨💨
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5wiftS4geHero Member
Posts: 850 · Reputation: 3880
#4Nov 23, 2017, 07:40 PM
I see this site isn't new; it's been around for a while. The mining industry is currently experiencing a very poor profitability situation, and this company is offering profits that don't match the mining calculators. Ponzi schemes usually start during a bullish cycle, but this cycle is completely different.
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dan_satMember
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#5Nov 25, 2017, 07:41 AM
I’m not promoting anything here. I just opened a contract and want to see how this story unfolds. Will I make anything? If so, how much? Nothing more than that. I’m not under any illusions that this mining will actually belong to me, or that I’ll even be able to withdraw the coins mined over the 30 days. I’m just sharing here because I’m genuinely curious to see how this experiment plays out, and posting in this thread keeps me motivated to check in, track progress, and report how much gets mined. When I eventually try to withdraw the funds, I’ll also update here about whether it worked and what terms the company set. This is really an old site and an old company. A long time ago, a colleague of mine worked with them, and if I’m not mistaken, they’re based in Armenia. I’m just curious to see how this all turns out. The mining has moved out of pending and seems to be active, but I haven’t seen any movement in my internal account yet. I’ll check again after midnight to see if any earnings have been credited. Mod note: Consecutive posts merged.
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hash_bossLegendary
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#6Nov 25, 2017, 10:17 AM
Also check https://www.trustpilot.com/review/ecos.am, currently it  show 2.8 star/rating where most review on page 1 have either 1 or 2 star. In addition, last month someone made scam accusition which can be seen on [SCAM ALERT]ECOS.amWithholding $1,696Net Evidence of 11Ignored Emails&208BTCBug.
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dan_satMember
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#7Nov 27, 2017, 10:51 AM
Thanks, I’ll take a look.
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rocket365Senior Member
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#8Nov 27, 2017, 11:58 AM
Of course ALL are just scam and this could be clearly from ... 2014? In general mining /renting mining online has become unprofitable from these dates (just to mention CEX IO and their renting service of ghash for mining bitcoin). yes you can mine an entire block but I would guess this is like as buying a ticket lottery. It can be possible but I would not be sure. Ayone that could offer "free mining" or offering a ROI it's clearly promoting a scam No free money. It would be impossible to withdraw any full amounts and worst they could start the real scam by asking "fee payments" and so on...
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dan_satMember
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#9Nov 27, 2017, 02:14 PM
Well, we’ll see how it goes until I get bored. I’m pretty sure I won’t be able to withdraw it but that’s exactly what I want to test. Around $8 was credited on the first day. https://i.ibb.co/4HVspfT/photo-2026-04-02-19-03-14.jpg
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rocket365Senior Member
Posts: 220 · Reputation: 905
#10Nov 27, 2017, 03:49 PM
You had to avoid any promotion of a clear scam site. edit = image removed. Can you explain WHY you are not the owner but promoting without referral account? Even if they credited some fake money no one need to be informed and continuing to post PROOFS doesn't help your earnings...as a free miner. Unless you are the owner of the website and trying to get people registered. No You will not be able to withdraw. There is no free hardware mining. If you get funds these will be taken from other users = PONZI.
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dan_satMember
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#11Nov 29, 2017, 04:41 PM
Let’s try this one more time. I registered on the ECOS website last week after seeing information about the free miner. I don’t have any paid miners there and I’m not earning any income from it. I simply signed up to see how it works and to follow the progress. I’m not promoting anything, not selling anything, and not encouraging anyone to join. I’m just observing whether it actually works and what result it will bring. To be honest, I don’t even know if they have a referral program, but based on your comment I’ll take a look at it.
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leo.atlasMember
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#12Nov 30, 2017, 12:32 PM
Thank you for sharing. Every mining website that functions according to what you described in the OP is technically a scam website that either uses people's devices to mine without their knowledge or injects malware into people's devices for illegal purposes. Some ASIC miners are unable to make the $200–250 you claimed people would make in 30 days using a phone.
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hodler2019Legendary
Posts: 2182 · Reputation: 12913
#13Nov 30, 2017, 04:23 PM
Read it better. The website wants an email The website wants a phone number. It looks as if the web site opens up a web page tracking a 270th miner. Ie the s21xp fits that. It earns 8 dollars a day. The website says they will give you 30x8= 240 usd worth of btc. It is not possible in any way for them to do it and not lose money. So they could do it and lose money. The op wants to find out if they give him the 240 after 30 days. Frankly I do not care since no way is a company going to give away 240 usd in coin to any one that signs up.
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5wiftS4geHero Member
Posts: 850 · Reputation: 3880
#14Nov 30, 2017, 10:19 PM
Typically, rewards are paid only to users who bring in new clients through their referral link. And the new client must rent an ASIC with their own money. Otherwise, it's unprofitable. If I'm not too lazy, I'll try to register there.
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dan_satMember
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#15Nov 30, 2017, 11:22 PM
Interesting observation! Can I check if anything got downloaded to my phone? I only visited the website, didn’t install any app.
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5wiftS4geHero Member
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#16Dec 1, 2017, 02:09 AM
There is no need to install apps on the phone, I have already started mining   I'll soon earn $240 But I have to wait another 22 days until the promo period ends.
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dan_satMember
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#17Dec 1, 2017, 03:12 AM
So we’ll see. I was surprised there’s no phone verification required. All the trials I used before required authorization through a card or a wallet. Honestly, I was glad this isn’t required here.
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5wiftS4geHero Member
Posts: 850 · Reputation: 3880
#18Dec 1, 2017, 09:15 AM
I thought this project would have registration issues, but it accepts temporary email and free SMS services. In your personal account, it says: "Trial Mining is active! Buy a contract to withdraw up to 20% of your purchase from your trial balance." I'm sure you won't be able to withdraw anything from your balance until you rent ASICs for mining. You won't earn anything here
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leo.atlasMember
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#19Dec 1, 2017, 09:22 AM
Based on what others said, the platform does not require you to download anything, but I will advise you to pay attention to any sort of unusual internet usage spikes, battery drain, or phone overheating, and strange permissions requests. If your phone overheats, your battery runs out, or you have unusual spikes in internet usage every time you visit their platform or website, they are mining cryptocurrency using your internet. If you notice strange permissions requests, it means they want to infect your device with malware.
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5wiftS4geHero Member
Posts: 850 · Reputation: 3880
#20Dec 1, 2017, 10:05 AM
I'm sure you won't be able to withdraw the coins you earn from trial mining without renting ASICs for mining. Most old devices won't pay for themselves until after the halving. It's better to spend money on buying Bitcoin now than to mine the same amount of Bitcoin, or even less, for the next two years.
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