•PEGA Pool, a UK-based Bitcoin mining pool, has officially launched its eco-friendly platform that enables clients to offset their carbon footprint and incentivizes them to use renewable energy.
•It is one of the world’s top 10 largest Bitcoin mining pools according to BTC.com and offers an aggressive payout structure with a competitive Full-Pay-Per-Share (FPPS) model.
•The platform also rewards miners making a positive impact on the environment by planting trees in order to partially offset their carbon footprint.
Introduction
UK-based PEGA Pool announces the official launch of its eco-friendly Bitcoin mining pool that enables clients to offset their carbon footprint and incentivizes them to use renewable energy. By allowing clients to connect their ASIC miners to its platform and mine together, it provides them with a more consistent and attractive income than mining alone.
Size of Mining Pool
PEGA Pool is one of the world’s top 10 largest Bitcoin mining pools, according to BTC.com. With the growing adoption of Bitcoin, the Proof-of-Work mining operations have received a lot of criticism from individuals, corporations, and governments over the industry’s fossil fuel consumption. Countries such as China have banned crypto mining due to its negative environmental impacts. As a result, the industry is witnessing a spike in demand for sustainable mining options.
Mission Statement
PEGA Pool’s mission to create a more sustainable industry began with its parent company PEGA Mining Ltd, which uses only renewable energy for its mining operations, demonstrating that large-scale Bitcoin mining with green energy alone is absolutely possible. David Bungay, CEO of PEGA Pool said,“I am very excited to announce the official launch of PEGA Pool, our British Eco-Friendly Bitcoin Mining Pool“. He further added,“We built PEGA Pool so that we could not only offer our clients a top-performing trustworthy mining pool but also provide them with an incentive to change the industry for the better and follow in our green footsteps.“
Payout Structure
PEGA Pool offers an aggressive payout structure with a competitive Full-Pay-PerShare (FPPS) model that incentivizes miners switch to renewable energy sources. It is one of the highest paying Bitcoin mining pools for revenue per TH (Terahash). The platform is open all Bitcoinmining clients irrespective what energy source they use; however those using renewableenergy pay 50% lower pool fees compared other sources .
Carbon Offset Initiative
For those miners using fossil fuel sources , PEGAPool uses portion their pool fees plant trees order partially offsettheir carbon footprint . It has already plantedover 148000 trees resulting yearly offset 3 967 tons CO 2 . This initiative givesminers peace mind that PEGAPool taking action reduceenvironmental impacts their activities .