Truth: Bitcoin mining is dangerous for the surroundings. In truth, research present that nearly 30 million tonnes of Carbon Dioxide (CO2) have been launched into the ambiance courtesy of the BTC mining sector. That’s 2x the quantity emitted by the United State’s largest coal plant in 2021.
In Bitcoin’s brief 13-year historical past to date, BTC miners are accountable for the emission of virtually 200 million tonnes of CO2 into the ambiance, in keeping with Cambridge College researchers.
Realistically, the answer is to not stop Bitcoin mining operations, that are essential for the recording and validating of crypto transactions. BTC mining should proceed, which is why PEGA Pool is stepping onto the scene with a Plan B: Plant timber.
Planting timber is a great method to cut back the sector’s carbon footprint by offsetting the quantity of CO2 launched throughout the BTC mining course of. Nevertheless, just a few timber received’t do – and proper now, there actually usually are not sufficient timber on the planet to offset Bitcoin’s carbon footprint and counteract the huge quantity of greenhouse gases the crypto business is spewing into the ambiance.
To place issues into perspective, round 15 timber can be wanted to devour the CO2 emitted by the common particular person each single day, primarily based solely on the fossil fuels launched to provide the meals they eat.
As a way to see vital outcomes and have a notable impression on international warming, we would want to plant 300 million new timber – and shortly. In truth, utterly neutralising the air pollution attributable to BTC mining would name for the most important international forest growth in human historical past.
That’s why PEGA Pool’s plan is to plant timber, which extract CO2 from the air and remodel it into plant materials and oxygen by means of a course of often known as photosynthesis.
Proudly British-owned and -operated, this eco-friendly mining pool is on a mission to cut back the adversarial impression of Bitcoin mining, and create a extra sustainable and eco-friendlier crypto business for all.
Hailed because the thirteenth largest mining pool on the planet by BTC.com, with a extremely aggressive PPS+ income mannequin, PEGA Pool is open to all Bitcoin miners worldwide, no matter whether or not or not they use renewable power. Nevertheless, those that do shall be rewarded with decrease pool charges (1%) whereas BTC miners who don’t use renewable power will fork out double (2%).
Flatten the CO2 Curve with PEGA Pool
Go to PEGA Pool’s web site in the present day to seek out out how one can declare one of many final out there spots on the waitlist and change into part of their limited-time BETA interval. The eco-friendly mining pool is presently in its pre-launch part, and certified BETA customers qualify for a 100% low cost on pool charges throughout this part, adopted by activation of a lifetime 50% pool price low cost.
