Home Blockchain The world’s first green mining pool will launch in 2023

The world’s first green mining pool will launch in 2023

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The world’s first green mining pool will launch in 2023

Source: blockchain.news

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While Bitcoin has been at the epicenter of a global controversy storm for several years, one company hopes to change that by turning the entire industry on its head, in the best possible way.

PEGA pool is the world’s first and only green mining pool, and they are on a mission to lighten Bitcoin’s burden on the environment while creating a more sustainable crypto industry for all.

“We don’t want the unborn generations of tomorrow to be left picking up the pieces of our mess,” says a PEGA Pool. “While we’re still here, we all have a collective responsibility to fix the problems we’ve created, and that’s exactly what we’re on a mission to accomplish through the PEGA Pool.”

The problem with the current crypto industry, particularly with Bitcoin, is mining. While BTC mining action is essential to verify transactions and put new coins into circulation, the process is highly dependent on large amounts of electricity. The burning of fossil fuels generates toxic greenhouse gases that, when released into the atmosphere, destroy the ozone layer and accelerate the devastating effects of global warming.

PEGA Pool’s plan is to plant more new trees in an effort to offset these CO2 emissions, which they will achieve using a portion of their members’ dues. Trees absorb CO2 and create oxygen, making reforestation an essential alliance in the fight against climate change.

While it would take a staggering 300 million new trees to see a significant carbon offset, PEGA Pool has already planted over 75,000 trees as we write this, and they have yet to be officially launched. In 2019, Ethiopia set a new world record by planting more than 350 million trees in a single day. It’s possible, and the future looks bright with PEGA Pool at the helm of this ship.

All Bitcoin miners are invited to join the green mining pool, regardless of their current renewable energy status. In fact, the miners who are yet to mine BTC using renewable energy are the ones who can make the biggest difference. A percentage of your pool fees will be used to plant new trees, while miners who are already mining with green energy will enjoy incredible discounts on their pool fees for their efforts to make the cryptocurrency industry more sustainable.

This couldn’t come at a better time, with the price of BTC at an all-time low, matched only by the fact that the hash rate makes it harder than ever to mine Bitcoin and make any kind of profit. In fact, just a few days ago, Bitcoin miner revenue hit a two-year low, and the hash rate skyrocketed by nearly 11%.

By giving BETA testers a 100% reduction in their pool fees, followed by a 50% discount for life once PEGA’s green mining pool goes mainstream in Q1 2023, it’s evident from why your waiting list is filling up so fast.

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