Bitcoin Miners have hope again and have PEGA Pool to thank
Can Bitcoin’s price possibly go lower than $16,000? This is the question on every BTC miner’s lips as they sit and nervously refresh their browsers to reveal the latest BTC price. Miners are struggling to make ends meet in the wake of record low BTC prices and skyrocketing hash rates, but one company is entering the crypto stage with a plan to help miners rise from the ashes and recover.
PEGA Pool is the first ecological mining pool ever created, and aside from making the Bitcoin industry more sustainable, they also help miners make ends meet.
And the pool hasn’t even officially launched yet.
PEGA Pool is set for mainstream release in Q1 2023, giving Bitcoin miners the helping hand they so desperately need in the form of attractive reductions in pool fees – and the discounts miners will qualify for all depend on their current green energy status.
Miners who have already made the transition to renewable energy will qualify for a 100% pool fee discount during the final weeks before going live – followed by a 50% fee reduction for life when the PEGA Pool finally launches. And as for customers who are not yet mining BTC using renewable energy (yet…) they will still benefit from 2% pool fees while making a difference in other ways that arguably mean even more.
PEGA Pool’s #1 goal is to offset the carbon emissions emitted by BTC miners in the Bitcoin industry. How? By planting trees, which they will achieve by using a portion of the fees of members who are not yet mining using green energy. Reforestation appears to be humanity’s most powerful weapon in the war against climate change.
Global warming is primarily caused by greenhouse gas emissions, which the Bitcoin industry is notorious for contributing to. That’s because BTC mining relies on heavy computational power that burns fossil fuels and releases hundreds of millions of tons of CO2 into the atmosphere.
By planting more trees we can offset this damage, minimize the amount of CO2 in the air and create more oxygen to boot. And while we’d need to plant hundreds of millions more trees to see a significant difference, PEGA Pool has already planted over 75,000 as we write this – and that’s before their official launch.
Ranked as the 13thth largest BTC mining pool on the planet by BTC.com, PEGA Pool is already making waves in a sector they technically don’t even exist in yet. Learn more about the world’s first ecological mining pool and to join the waiting list before the PEGA Pool goes mainstream in 2023. Together, the brightest Bitcoin miners can reduce their collective carbon footprint, continue to make a living amid fluctuating BTC prices, and provide future generations a reason to (actually) be proud of us, their predecessors.
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