Miningpool bitcoin-uk-survey
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Transcript of Miningpool bitcoin-uk-survey
Bitcoin Usage in The UK
June 2015
http://www.Miningpool.co.uk
1
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
Top Level Demographics
Key Findings
Predominantly Male Demographic Most Popular With 25-34 Age Group
http://www.Miningpool.co.uk Page 3
Who Uses Bitcoin In The UK?
2%
14%
47%
22%
10%
1%5%
Age Under 18
18-24
25-34
35-44
45-54
55+
Did Not Disclose
88%
7%
1% 5%
GenderMale
Female
Transgender
Did Not Disclose
http://www.Miningpool.co.uk Page 4
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
How Do You Mostly Acquire Bitcoin?
http://www.Miningpool.co.uk Page 6
18%
35%
47%
MiningBuy On ExchangesBuy From Broker Or P2P
http://www.Miningpool.co.uk Page 7
Coinfloor
Bitfinex
BTC-E
Kraken
Okcoin
Bter
Bitstamp
Other
20.4
5.3
10.5
7.9
2.6
5.3
31.6
16.4
Exchange %
Which Exchange Do You Mostly Use To Purchase Bitcoin
http://www.Miningpool.co.uk Page 8
Local Bitcoins
Private Seller
Circle
BitBargain
Coinbase
Speedy Bitcoin
Bittylicous
Other
41.7
5.8
6.8
18.4
11.7
1.9
7.8
5.8
Site %
Which P2P Or Broker Site Do You Most Use To Purchase Bitcoin
Usage Demographics
Key Findings
Bitcoin Mostly Used For Purchases & Savings
http://www.Miningpool.co.uk Page 9
What do you mostly use Bitcoin for?"Please tick any of the below that apply"
http://www.Miningpool.co.uk Page 10
Purchases
Savings
Day Trading
Sending Cash To Friends/Family
Paying Bills
Other
66.4
63.9
20.5
18.0
6.6
12.3
Usage %
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
"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 "
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
http://www.Miningpool.co.uk Page 14
Adoption
Key Findings
* Merchant adoption is lagging* UK businesses seem reluctant to accept
Bitcoin
http://www.Miningpool.co.uk Page 15
Adoption
There are not enough places to use Bitcoin within the UK
Business adoption in the UK is falling behind other countries
I am able to spend Bitcoin in a local shop (bricks and mortar)
UK businesses seem reluctant to accept Bitcoin
82.8
39.3
13.9
47.5
"Please tick any of the below points that you agree with"
% Of Responses