PEGA Pool, a Bitcoin mining pool that aims to minimise its impact on the environment, has announced the launch of its eco-friendly mining service. As a result, PEGA’s customers will reduce their carbon footprint and be incentivised to use renewable energy when they use the mining pool. The company is on a mission to create a more sustainable industry, in the face of widespread concerns about the impact of Bitcoin mining activities on the environment.
PEGA Pool’s “green” approach to mining
PEGA Pool’s parent company, PEGA Mining Ltd, is focused on sustainability and employs only green energy in its mining operations. The company has proven that Bitcoin mining on a large scale is viable without using any traditional forms of energy. The company’s goal is to offer investors a financial incentive to improve the industry’s carbon footprint by following its ecologically-sound footsteps.
By providing miners with a more stable and attractive income and paving the way for a more environmentally friendly and sustainable crypto mining sector, UK-based PEGA Pool is having a positive impact on the industry. By enabling users to link their ASIC miners to the service’s network and mining collectively, the mining pool helps its users earn more reliably and attractively than they could by mining on their own.
Using a Full-Pay-Per-Share (FPPS) concept, PEGA Pool provides an attractive structure to encourage miners to transition to green energy. This not only stimulates the use of renewable energy but also pays miners whose mining activities are favourable to the environment. Users that power their mining operations using green energy only pay 50% of pool fees. Furthermore, the service is open to all Bitcoin regardless of the power source they use.
In order to mitigate the negative environmental impact of miners who use fossil fuels, PEGA Pool allocates a percentage of pool fees toward tree planting. Therefore, miners on PEGA Pool can rest easy knowing that the pool is planting trees on their behalf to mitigate the effects of their mining activities. The company says that its tree planting efforts have reduced annual C02 emissions by 3,967 metric tonnes after planting over 148,000 trees.