The Crypto Industry’s Bad Reputation is On the Mend All Thanks to PEGA Pool

The only reason any of us have any Bitcoin to spend is thanks to Bitcoin miners. They spend their days cracking cryptic maths equations to bring new digital currency into circulation while verifying transactions on the Blockchain.

And until recently, they were paid handsomely for their trouble. But with the Bitcoin price having recently reached all-time lows, coupled with rising hash rates, Bitcoin miners are in a difficult situation to say the least.

But miners’ financial turmoil is only half of the problem. The Bitcoin mining sector has been at the epicentre of controversy for years now, seeing as the action of mining Bitcoin demands a huge amount of power from the miners’ ASIC machines.

This much electricity means a lot of fossil fuels are being burned by miners every single day, which releases terrible greenhouse gases into the ozone layer. We all know that greenhouse gases trap heat in the atmosphere and warm up the planet, but, as it turns out, Bitcoin miners are among the guiltiest culprits in the world.

Thankfully, one company is here to change that and kill two birds with one crypto stone.

PEGA Pool is the first ecological mining pool to ever grace the crypto industry with its presence. Firstly, they are taking a huge financial weight off Bitcoin miners’ shoulders by offering huge reductions on pool fees. A welcome relief in the face of the low bitcoin price.

However, the amount miners qualify for depends on whether or not they are already using green energy to pursue their Bitcoin mining activity. Those that can prove they are doing so will qualify for a permanent 50% pool fee reduction once the mining pool goes live in Q1 of 2023.

But miners who are still working hard to shift to the greener mining lifestyle aren’t left with nothing. Not only will their pool fees be set at 2%, but a portion of their membership costs will be used to plant trees in an effort to lower their carbon footprint while offsetting the CO2 that their mining activities are releasing into the atmosphere.

Planting new trees is emerging as a critical step in winning the war against global warming, seeing as trees absorb and store CO2 from the environment around them, while introducing new oxygen and plant matter in return. The PEGA Pool team has planted almost 85,000 trees so far, and they have no plans of slowing down anytime soon.

For more on PEGA Pool’s ecological mining pool, visit their website. Live stats are available to the public, including PPS+ pool fees, blocks mined, daily revenue, pool hash rate, and more. You can also view how many users have joined the waiting list so far.

PEGA Pool is ranked the 13^th largest mining pool worldwide by BTC.com, and the team proudly operates exclusively in the UK. While most mining pools of their nature are headquartered in the United States or China, PEGA Pool wants to make the industry a more trustworthy place for all.