During April & May 2015 Miningpool.co.uk Conducted A Study Looking At Bitcoin Usage In The United Kingdom

1. Bitcoin Usage in The UK
June 2015
http://www.Miningpool.co.uk
1

2.  Survey carried out during April & May 2015
 Advertised via social media & on site
 UK residents only
http://www.Miningpool.co.uk Page 2
About The Survey
Introduction
About Miningpool.co.uk
 Soft launch during Q4 2014 with focus only on Mining news
 Staff writers added during 2015
 10,000+ Unique Visitors Monthly

3. Top Level Demographics
Key Findings
 Predominantly Male Demographic
 Most Popular With 25-34 Age Group
http://www.Miningpool.co.uk Page 3

4. Who Uses Bitcoin In The UK?
1%
14%
47%
22%
10%
1% 5%
Age
Under 18
18-24
25-34
35-44
45-54
55+
Did Not Disclose
88%
6%
1% 5%
Gender
Male
Female
Transgender
Did Not
Disclose
http://www.Miningpool.co.uk Page 4

5. Acquisition
Key Findings
 Mostly Used For Savings Or Purchases
 Buying From P2P Or Broker Sites The Most Popular Way Of
Acquiring Bitcoin
http://www.Miningpool.co.uk Page 5

6. How Do You Mostly Acquire Bitcoin?
http://www.Miningpool.co.uk Page 6
18%
35%
47%
Mining
Buy On Exchanges
Buy From Broker Or P2P

7. http://www.Miningpool.co.uk Page 7
20.4
5.3
10.5
7.9
2.6
5.3
31.6
16.4
Coinfloor
Bitfinex
BTC-E
Kraken
Okcoin
Bter
Bitstamp
Other
Exchange %
Which Exchange Do You Mostly Use To Purchase Bitcoin

8. http://www.Miningpool.co.uk Page 8
41.7
5.8
6.8
18.4
11.7
1.9
7.8
5.8
Local Bitcoins
Private Seller
Circle
BitBargain
Coinbase
Speedy Bitcoin
Bittylicous
Other
Site %
Which P2P Or Broker Site Do You Most Use To Purchase Bitcoin

9. Usage Demographics
Key Findings
 Bitcoin Mostly Used For Purchases & Savings
http://www.Miningpool.co.uk Page 9

10. What do you mostly use Bitcoin for?
"Please tick any of the below that apply"
http://www.Miningpool.co.uk Page 10
66.4
63.9
20.5
18.0
6.6
12.3
Purchases
Savings
Day Trading
Sending Cash To Friends/Family
Paying Bills
Other
Usage %

11. Regulation
Key Findings
 UK Bitcoin Users Mostly Feel That Regulation Is
Positive
 Legitimising Bitcoin was often used as a reason for
positive sentiment
http://www.Miningpool.co.uk Page 11

12. "Regulation should encourage uptake and improve public perception "
http://www.Miningpool.co.uk Page 12
Notable Regulation Responses
"It clarifies some grey areas for businesses and indicates the government does
not currently consider it a threat to the banking system. There may be long-
term negative side effects but the short term implications look positive."
" Legislation and bringing Bitcoins under the ambit of AML laws legalises the use of these by
the Govt. thereby encourages local merchants to start accepting Bitcoin "

13. 48%
13%
39%
Positive
Negative
Unsure
http://www.Miningpool.co.uk Page 13
Do you think the Government's outlined steps
are positive or negative for Bitcoin?
Question refers to: https://www.gov.uk/government/consultations/digital-currencies-call-for-information

14. http://www.Miningpool.co.uk Page 14
Adoption
Key Findings
* Merchant adoption is lagging
* UK businesses seem reluctant to accept Bitcoin

15. http://www.Miningpool.co.uk Page 15
Adoption
82.8
39.3
13.9
47.5
There are not enough places
to use Bitcoin within the UK
Business adoption in the UK
is falling behind other…
I am able to spend Bitcoin in
a local shop (bricks and…
UK businesses seem
reluctant to accept Bitcoin
"Please tick any of the below points that
you agree with"
% Of Responses