Huobi.pool Enters the Top Ten Bitcoin Mining Pools
Huobi who operates the third largest cryptocurrency exchange Huobi Global has reached the top ten largest Bitcoin mining pools as reported by BTC.com. The Bitcoin mining space has become saturated with companies providing pooled services since Bitcoin mining independently is no longer so profitable or practical.
The Firecoin group sees themselves as a leader in providing financial services for digital assets. The group ventured into blockchain technology back in 2013 with the perception of reforming the financial industry. They have since created a variety of services to help both institutions and regular clients buy and sell Bitcoin.
Huobi began its mining pool operation back in March which has quickly become a major mining pool. The pool can accommodate for both PoW (Proof-of-Work) and PoS (Proof-of-Stake) consensus mechanism diversifying the income sources. This will allow for the platform’s users to choose what coins they would like to mine such as Litecoin. Users can sell crypto they mine through this service at our platform BC Bitcoin.
Due to the design of the platform, Huobi have enabled themselves to plug into different cryptocurrencies in the future to offer a variety of pools. Users may soon be able to sell crypto earned through mining DASH, a PoS consensus mechanism through the platform.
The platform provides a friendly user experience that is very transparent and displays a lot of data. This shows their dedication to leading the industry. More users might be persuaded to use the mining pools and cash out crypto as they offer more services.
Don’t forget to head on over to BC Bitcoin to sell Bitcoin UK and to keep informed on the latest news in the crypto space.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards