By Luke F - Cryptocurrency Broker - 26-08-2021
Ever since Elon Musk, the CEO of automobile company Tesla, has spoken about wanting Bitcoin (BTC) to be more environmentally friendly, many companies have started to look into going green. Even the crypto crackdown in China has contributed to a greener carbon footprint for crypto as many miners have relocated, some even converting to using renewable energy.
A crypto exchange platform is currently in the works to create a greener mining pool. KuCoin has plans to pay miners through its consensus of Proof-of-Work (PoW) once the miners rigs have connected. Miners will be able to invest in cryptocurrency by contributing to BTC and Bitcoin Cash (BCH) KuCoin rewards pool.
KuCoin aims to incorporate miners worldwide to join in on the pool offer. Reportedly, if miners wish to contribute to the pool, they need to set up the technology themselves. To further accelerate the companies’ mining advancements in the future, KuCoin is rumoured to be building cloud mining.
The CEO of the platform to exchange crypto, Johnny Lyu, has stated that the pool is built using sustainable methods to help pay miners in a more environmentally friendly way. Reportedly, the miners that only use renewable energy will benefit the most as they will pay discounted fees. The CEO further stated that even old users of KuCoin can easily install their mining tools so that they can begin earning. According to the CEO, once miners have set up their equipment, they can start immediately with no waiting period to use the pools.
If you are looking to Buy and Sell cryptocurrency, then you can head over to BC Bitcoin where you can safely trade crypto today.
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