•PEGA Pool announces the launch of its eco-friendly Bitcoin mining pool which encourages clients to use renewable energy and offsets their carbon footprint.
•The platform provides clients with a consistent income and is one of the world’s top 10 largest Bitcoin mining pools according to BTC.com.
•It rewards miners using renewable energy sources, while also planting trees to offset the carbon footprints of other miners who are using fossil fuels.
Eco-Friendly Bitcoin Mining Pool Launched By PEGA Pool
PEGA Pool, a UK-based company, has recently announced the official launch of its eco-friendly Bitcoin mining pool that encourages clients to use renewable energy sources and offsets their carbon footprint. This platform offers a more consistent income than mining alone, making it one of the world’s top 10 largest Bitcoin mining pools according to BTC.com.
Incentivizing Renewable Energy Sources
In an effort to create a more sustainable industry for crypto mining operations, PEGA Pool created an aggressive payout structure with a competitive Full-Pay-Per-Share (FPPS) model that incentivizes miners to switch from fossil fuel sources to renewable ones. Miners using green energy receive 50% lower pool fees as a reward for their positive contribution towards preserving the environment. The platform also plants trees in order to partially offset the carbon footprints of those miners still using fossil fuels, resulting in over 148,000 trees planted and 3,967 tons of CO2 yearly offset so far.
PEGA Mining Ltd.
This mission began with PEGA Mining Ltd., which uses only renewable energy for its own operations — proving large scale Bitcoin mining is possible without relying on fossil fuels or causing environmental damage. David Bungay, CEO of PEGA Pool said “We built PEGA Pool so that we could not only offer our clients a top performing trustworthy mining pool but also provide them with an incentive to change the industry for the better and follow in our green footsteps.“
Growing Adoption Of Cryptocurrency
With cryptocurrency gaining more traction worldwide, there has been much criticism over Proof-of-Work mining operations due to its emissions caused by burning fossil fuels — leading some countries such as China banning crypto mining altogether because of its negative impacts on nature and climate change mitigation efforts. As a result companies like PEGA Pool have opted for more sustainable solutions that benefit both miners financially while preserving nature at the same time.
Conclusion
In conclusion, Pega Pool’s eco friendly approach towards encouraging people in switching from traditional methods of cryptocurrency generation is commendable and proof that it is possible for large scale businesses be run sustainably without compromising on performance or returns on investment!