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PEGA Pool Announces Official Launch of Its Eco-Friendly Bitcoin Mining Pool – Press Release Bitcoin News
press release
PRESS RELEASE. Swanage, UK, 14 February 2023 – UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables customers to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to their platform and mine together, it gives them a more consistent and attractive income than mining alone.
PEGA Pool is one of the world’s top 10 largest Bitcoin mining pools, according to BTC.com. With the growing use of Bitcoin, Proof-of-Work mining has received a lot of criticism from individuals, companies and governments over the industry’s fossil fuel consumption. Countries like China have banned crypto mining because of its negative environmental impacts. As a result, the industry is witnessing an increase in demand for sustainable mining alternatives.
PEGA Pool’s mission to create a more sustainable industry began with parent company PEGA Mining Ltd, which uses only renewable energy for its mining operations, demonstrating that large-scale Bitcoin mining with green energy alone is absolutely possible.
David BungayCEO of PEGA Pool, said, “I am very pleased to announce the official launch of PEGA Pool, our UK Eco Friendly Bitcoin Mining Pool. Our journey began with PEGA Mining which gave us the desire to build PEGA Pool and give the world what was missing in our industry. We built PEGA Pool so that we could not only offer our customers a top-performing, reliable mining pool, but also give them an incentive to change the industry for the better and follow in our green footsteps.”
PEGA Pool offers an aggressive payout structure with a competitive Full-Pay-Per-Share (FPPS) model that incentivizes miners to switch to renewable energy sources. It is one of the highest paying Bitcoin mining pools for earnings per TH (Terahash). The platform is open to all Bitcoin mining customers, regardless of the energy source they use.
Renewable energy mining clients pay 50% lower pool fees. It not only rewards miners who have a positive impact on the environment, but also encourages others to use renewable energy.
For fossil fuel miners, PEGA Pool uses a portion of the pool fees to plant trees to partially offset their carbon footprint. It has already planted over 148,000 trees, resulting in an annual offset of 3,967 tonnes of CO2. This initiative gives miners the peace of mind that PEGA Pool is planting trees on their behalf to offset their carbon emissions.
Currently, with low Bitcoin price and mining difficulty increasing, miners are finding it difficult to generate profits. With PEGA Pool, they benefit from the reduced pool fees, which can make a noticeable difference to their profitability. It ensures that miners can stay afloat even during bear markets.
PEGA Pool’s unique Global Pool Infrastructure ensures that it is resilient to power outages and equipment problems, including those caused by natural disasters. Established and operating in the UK, the platform offers the world a reliable and trustworthy mining pool that was built by miners themselves.
About PEGA Pool
PEGA Pool is a UK-based, eco-friendly Bitcoin mining pool that enables customers to achieve a more consistent, stable income than they would on their own, while offsetting their carbon emissions. The platform is open to all Bitcoin miners, regardless of whether they use renewable or non-renewable energy.
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