The Wait is Almost Over, PEGA Pool’s Big Launch is Almost Here
The Bitcoin (BTC) mining community has been patiently waiting for the highly anticipated launch of PEGA Pool, the world’s first eco-friendly mining pool that is on a mission to offset CO2 and help BTC miners make a better living.
Still in its pre-launch phase, PEGA Pool was ranked as the 13th largest mining pool on the planet by BTC.com. Their mission is to make the industry a more sustainable place for all, while lowering the sector’s significant carbon footprint worldwide.
PEGA Pool welcomes all BTC miners to dive in and take advantage of their incredible pool fee discounts. All miners are welcome, regardless of their current green energy mining status. However, the rewards will differ as follows.
Miners who have already made the shift to green energy mining will enjoy a 50% reduction in pool fees. And as for clients who are still mining using traditional power, PEGA Pool will use a portion of their fees to plant new trees, in an effort to offset the damage caused by BTC mining.
The reason why the global BTC mining community is under such scrutiny all boils down to the fact that the activity demands such a large amount of electricity. This relies on the burning of a significant amount of fossil fuels, which are responsible for spewing greenhouse gases into the environment and, in turn, into the vulnerable atmosphere. From there, these gases cause serious damage to the ozone layer, which expedites the effects of global warming.
This is why PEGA Pool’s long-awaiting launch is being met with such enthusiasm worldwide. Trees absorb and store excess CO2, while releasing new oxygen into the atmosphere. Research does show that several hundreds of millions of trees would be needed to see a real improvement, however, PEGA Pool have already planted tens of thousands of trees ahead of their big launch, and they have high hopes for the future of the industry.
Aside from doing their part to save the environment, the British-owned and operated company is also helping BTC miners make ends meet during this troubling time. While miners once made a killing doing what they do best, the plummeting BTC price alongside rising hash rates is making it increasingly difficult for miners to justify their hard work – which involves solving incredibly complex maths equations to verify transactions and bring new coins into circulation.
While many solo miners and BTC mining companies have been quitting or even filing for bankruptcy over the past few months, PEGA Pool hopes to take some of the financial burden off their shoulders and bridge the gap until things look better and the BTC price rises once more.
PEGA Pool’s waiting list is filling up fast, and those who qualify for early access will benefit from a 50% reduction in pool fees for life. Clients who are accepted into the BETA testing group will pay nothing in pool fees during the BETA phase, followed by a permanent pool fee set at 0.5% post launch in Q1 of 2023.
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