PEGA Pool Launches Eco-Friendly Bitcoin Mining Pool

Twitter icon  •  Published för 1 år sedan  •  Nikolas Sargeant

PEGA Pool, owned and operated in the United Kingdom, has announced the launch of its eco-friendly Bitcoin mining pool featuring one of the most profitable payment methods available.

PEGA Pool, owned and operated in the United Kingdom, has announced the launch of its eco-friendly Bitcoin mining pool featuring one of the most profitable payment methods available. This is based on a client-focused FPPS (Full Pay Per Share) payment model. As well as this, miners can offset their carbon footprint and be rewarded through various sustainability-focused incentives. 

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PEGA Pool clients can connect their ASIC miners to the firm’s platform and mine as a collective, providing a more stable environment for miners and a higher ceiling for profit. Given the need for the digital mining community to steer away from energy-guzzling techniques, PEGA Pool is determined to provide a mining platform that achieves this. 

According to the Bitcoin mining data site BTC.com, the crypto company is one of the top 10 largest Bitcoin mining pools operating today. Despite a difficult year in 2022, Bitcoin adoption is on the rise. One thing that remains an obstacle for the Bitcoin community is it’s reliance on a Proof-of-Work (PoW) consensus. PoW networks have drawn a lot of criticism, as high energy requirements are directly linked to fossil fuel consumption and are something that corporations and governments are taking great measures to avoid. So much so that we have seen China, the former Mecca of Bitcoin Mining, place an outright ban on it back in September 2021. 

But, with the appetite for Bitcoin mining increasing, a range of solutions to energy consumption is needed. Companies like PEGA Pool are leading the way in sustainable mining solutions. The company’s CEO, David Bungay, had this to say on the platform and its journey so far: 

“Our Open Beta stage couldn't have gone any better. We had over 10,000 clients sign up for our early access, and over 500 participated in the beta program. The response we received was extremely positive. During the beta stage, we increased our hash rate by 500+ PH/s and 5,700+ new miners connected to PEGA Pool. Most importantly, the open beta stage has provided us with feedback that has helped us improve our service, such as ironing out any bugs, changing our payout scheme from PPS+ to FPPS and developing our affiliate program and mobile app.”

One of the ways that PEGA Pool is committed to sustainable bitcoin mining is to give back by offsetting carbon emissions by using a portion of the miner’s fees to plant trees. The firm is working with an independent third-party organization to achieve this goal and has already planted over 150,000 trees. Not only is this a gold star for the company, but it also gives miners confidence that their mining operations are not going unchecked and there are active solutions in place to balance the energy consumption of bitcoin mining. 

Miners running their operations using renewable energy sources will be rewarded with lower fees, which is a great incentive and serves to tackle the issue of sustainability at its roots. PEGA Pool is also launching an affiliate program, where the referrer will be reimbursed with a significant payment of 50% of the lifetime fees. The integrity and transparency of this British-based operation is a welcome change in an industry that is so often linked with businesses in unregulated regions of the world.

Author

Nikolas Sargeant

Nik is a content and public relations specialist with an ever-growing interest in Crypto. He has been published on several leading Crypto and blockchain based news sites. He is currently based in Spain, but hails from the Pacific Northwest in the US.