Meet PEGA Pool, the world’s first (and currently only) eco-friendly mining pool that’s determined to take action against the crypto industry’s pollution crisis. Set for launch in Q1 of 2023, PEGA Pool will be using a portion of their members’ pool fees to plant new trees as a way to offset the excessive CO2 released by the sector’s Bitcoin miners.
“Things are looking bleak for the environment, and if we don’t take action now, it’s only going to get worse,” says PEGA Pool’s founder. “The ASICS which BTC miners use generate a crazy amount of electricity, which relies on the burning of fossil fuels…which releases horrible greenhouse gases into the atmosphere. That’s why we want to plant trees. They absorb and store CO2, while creating more oxygen, which is the only way to make the Bitcoin industry an eco-friendlier and more sustainable place for the generations of today and tomorrow,” continues the founder.
PEGA Pool will be planting trees on behalf of their mining members who aren’t yet using renewable energy to mine Bitcoin. And as for those who are, the rewards are impossible to turn down. They’ll enjoy a 50% fee reduction once PEGA Pool goes mainstream, preceded by a 100% discount during the pre-launch period. PEGA Pool are not bias, and both parties are rewarded for joining the eco-friendly mining pool as an early-bird member.
Another pressing concern for BTC miners worldwide is the reality of plummeting profits. The bitcoin price is hovering at record low numbers, compounded by rising hash rate. All in all, bitcoin mining is becoming unaffordable for most users, who are now struggling to make ends meet in the crypto industry.
“We want to help Bitcoin miners keep doing what they do best by giving them huge discounts on pool fees,” continues the founder. “Those who qualify as BETA testers won’t pay a cent during our pre-launch period, and, even once we do go live, fees will be 2% for non-renewable energy members and just 1% for their renewable energy using counterparts. Aside from encouraging more miners to use green energy, we really hope these savings will give them hope that they can continue mining while worrying less about their income,” finishes the founder.
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