How PEGA Pool is Saving the Environment
The Bitcoin industry is a lot of things, but sustainable is not one of them. While the sector is well aware of their environmental shortcomings, and are doing their best to transition to greener Bitcoin mining solutions, we still have a long way to go – and PEGA Pool is at the forefront of the shift. Bitcoin mining is wreaking such havoc on the environment that many governments have gone ahead and full-on banned the cryptocurrency entirely. Household names like Elon Musk have even stopped accepting Bitcoin as payment in an effort to take a stand against the impact of crypto mining on the environment. A new tariff even came into effect that requires mining companies to pay higher rates owing to their sky-high electricity consumption. PEGA Pool’s long-awaited launch is finally in sight as Q1 of 2023 draws closer. The eco-friendly mining pool is on a mission to reduce the industry’s collective carbon footprint and make the sector a more sustainable place. As part of their mission, PEGA Pool is planting trees to offset CO2 – and this initiative is already well underway. In fact, the team has already planted almost 85,000 trees as we write this. While we’d need to see around 300-400 MILLION new trees planted to experience a significant greenhouse gas offset, PEGA Pool jumped incredibly quickly from 7,000 trees planted to 85,000 in the past few weeks. And they are only gaining more momentum with each passing day.