cheap discrete i/o via Modbus tcp or ethercat or other?

For what purpose?

You can use the GPIO of an Arduino.

If you need something permanent, you can look at WAGO and BECKHOF
 
Greetings,

Much will depend on how many I/O you will require, but you may want to consider Triangle Research and their embedded Ethernet PLCs A base unit starts at 8 in / 8 out and there are digital expansion boards available.

The controllers incorporate Modbus as a communications protocol for Ethernet and supports both Modbus server and Modbus client.

More information is available through the following link:

http://www.eternity-sales.com/tri-plc/tri-plc.htm

Disclosure - ESI is an authorized Triangle Research distributor.
 

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