CJ - Cryptocurrency Enthusiast
A Fact Sheet on the Climate and Energy Implications of Crypto-Assets in the United States was published by the White House earlier in September. According to the analysis, yearly power consumption from worldwide crypto assets increased significantly between 2018 and 2022, with predictions of electricity use doubling to quadrupling.
Additionally, according to published estimates, the yearly worldwide power consumption for crypto assets ranges from 120 to 240 billion kilowatt-hours, exceeding the annual electricity consumption of several individual nations like Australia or Argentina. This is comparable to the yearly power use of all traditional data centers worldwide and equates to 0.4% to 0.9% of the world's total annual electricity consumption.
In addition, according to data from the White House, the US currently accounts for 38% of the world's Bitcoin mining activity, up from 3.5% in 2020. Ethereum is predicted to use 20% to 39% of the total worldwide power used by crypto assets, compared to Bitcoin's 60% to 77%. The White House Office previously said that the government aims to achieve net-zero emissions of greenhouse gases by 2050, a carbon-free electrical grid by 2035, and a reduction of 50% of greenhouse gas emissions by 2030.
Saying that, a lot of the Bitcoin miners are moving to renewable energy resources to reduce the carbon footprint. Bitcoin and other cryptocurrencies are more likely to stay and in order to successfully transact with them mining will be essential. There are a lot of aspects to climate change and cryptocurrency is only one of them. We better find ways to reduce the carbon footprint along with the use of cryptocurrencies that bring many financial advantages. Therefore, if you're looking for the best Bitcoin broker to purchase Bitcoin or learn more about cryptocurrencies, we recommend visiting BCBitcoin.
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