Can Bitcoin’s price possibly go lower than $16,000? This is the question on every BTC miners’ 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 stepping onto the crypto stage with a plan to help miners rise from the ashes and recover once more.
PEGA Pool is the first ecological mining pool to ever be created, and apart from making the Bitcoin industry more sustainable, they’re also helping miners make ends meet again.
And the pool hasn’t even officially launched yet.
Set for mainstream release in Q1 of 2023, PEGA Pool is giving Bitcoin miners the helping hand they so desperately need in the form of attractive pool fee reductions – and the discounts which 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 last few weeks before they go live – followed by a 50% fee reduction for life once PEGA Pool finally launches. And as for clients who aren’t yet mining BTC using renewable energy (just yet…) they will still enjoy 2% pool fees while making a difference in other ways that arguably matter even more.
PEGA Pool’s #1 goal is to offset the carbon emissions released by BTC miners in the Bitcoin industry. How? By planting trees, which they’ll be achieving by using a portion of the fees of members who aren’t yet mining using green energy. Reforestation is emerging as humankind’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 which burns fossil fuels and emits hundreds of millions of tons of CO2 into the atmosphere.
By planting more trees, we can offset this damage, minimise 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 13th largest BTC mining pool on the planet by BTC.com, PEGA Pool is already making waves in a sector they technically do not even exist in yet. Learn more about the world’s first ecological mining pool and to join the waiting list before PEGA Pool goes mainstream in 2023. Together, the savviest Bitcoin miners can lower their collective carbon footprint, keep making a living amidst the fluctuating BTC price, and give future generations a reason to (actually) be proud of us, their predecessors.
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Source: https://www.thecoinrepublic.com/2022/12/07/bitcoin-miners-have-hope-again-and-have-pega-pool-to-thank/