Truth: Bitcoin mining is unhealthy for the atmosphere. In actual fact, research present that nearly 30 million tonnes of Carbon Dioxide (CO2) had been launched into the environment 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 quick 13-year historical past to this point, BTC miners are accountable for the emission of just about 200 million tonnes of CO2 into the environment, 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 bushes.
Planting bushes is a great solution to scale back the sector’s carbon footprint by offsetting the quantity of CO2 launched in the course of the BTC mining course of. Nevertheless, a number of bushes gained’t do – and proper now, there actually usually are not sufficient bushes on the earth to offset Bitcoin’s carbon footprint and counteract the huge quantity of greenhouse gases the crypto trade is spewing into the environment.
To place issues into perspective, round 15 bushes could be wanted to devour the CO2 emitted by the common individual each single day, primarily based solely on the fossil fuels launched to provide the meals they eat.
With a view to see vital outcomes and have a notable affect on international warming, we would wish to plant 300 million new bushes – and shortly. In actual fact, utterly neutralising the air pollution attributable to BTC mining would name for the largest international forest growth in human historical past.
That’s why PEGA Pool’s plan is to plant bushes, which extract CO2 from the air and remodel it into plant materials and oxygen by way of a course of often known as photosynthesis.
Proudly British-owned and -operated, this eco-friendly mining pool is on a mission to scale back the antagonistic affect of Bitcoin mining, and create a extra sustainable and eco-friendlier crypto trade for all.
Hailed because the thirteenth largest mining pool on the earth 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 vitality. Nevertheless, those that do can be rewarded with decrease pool charges (1%) whereas BTC miners who don’t use renewable vitality will fork out double (2%).
Flatten the CO2 Curve with PEGA Pool
Go to PEGA Pool’s web site as we speak to seek out out how one can declare one of many final obtainable 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.