Cloud-mining and Points to Consider
By Luke Flowers – Cryptocurrency Enthusiast
When it comes to the act of Cloud Mining, it’s hard to be sure what’s real and what’s fake. The reason for this is because a lot of incidences occur in which its very hard to track down. That is why it is better to be safe and to thoroughly research what’s available.
If you’re unaware about what cloud-mining is, it refers to the act of distributing the authority of mining power to consumers that wish to get involved. This is a platform in which a company provides users with the ability to amalgamate their cash to either purchase or rent machines for mining. These machines are situated in a datacenter which is maintained by the company and the user buys a mining share or contract.
The users will receive mining earning periodically depending on the platform and can sell crypto generated to realise their profit. You can find services for cashing out Bitcoin to GBP over on our site!
When the process is genuine, this activity can be profitable. However, when it comes to Fraud, you can forget about refunds. As said before, you need to be very careful and think with a straight head before making such decisions.
What to do?
You should check whether the website uses HTTPS or HTTP. The former is the legitimate one.
How did you find the site? Was it through an advertisement or a link on another site? These are some things to consider.
We suggest thoroughly analysing and questioning any site that is over promising and unrealistic. You should compare the pooling rate with other sites to figure out whether it’s really mining or not. Make sure you know what the investment is and what the return rate will be. It should have all the details given beforehand.
Once you’re certain on the operation, you can hope to exchange Bitcoin for cash and enjoy your earnings. Always remember, you should take protective measures and conduct due diligence instead of going in blindly.
You can sell Bitcoin UK and cash out crypto from your mining using our platform so make sure you check it out!
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