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Mining

PEGA Pool Is Almost Ready for Lift-Off in Q1 2023

admin December 5, 2022

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, 2022-12-05 14:51:28,

2,444 miners have already joined the waiting list, which is filling up fast.

After months of anticipation and well-deserved hype, Q1 2023 is finally almost here, and the global Bitcoin mining community couldn’t be more excited. PEGA Pool isn’t only ranked as the 13th biggest BTC mining pool worldwide, but they’re also the first eco-friendly mining pool that’s determined to make a real difference in the industry.

While cryptocurrency has undoubtedly made a powerful economic difference for societies worldwide, such perks carry a high price tag – and the environment is bearing the brunt of it. Studies show that crypto mining in the US released almost 30 million tons of carbon dioxide between mid-2021 and 2022. That’s three times more CO2 than America’s largest coal plant emitted in 2021, and the situation is only getting worse – with Bitcoin being the most notorious culprit in the crypto family.

Bitcoin (BTC) mining has had a devastating impact on the environment since its inception back in 2009. In fact, research from last year showed that one single Bitcoin transaction generates as much power as the average US household does in an entire month.

The solution isn’t to cease BTC mining activity altogether, which is why the PEGA Pool team has devised a better plan. They’re using a portion of their pool fees to plant new trees, which will draw CO2 out of our environment and create new oxygen to boot. While hundreds of millions of trees would be needed to see…

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