Truth: Bitcoin mining is dangerous for the surroundings. The truth is, research present that just about 30 million tonnes of Carbon Dioxide (CO2) have 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 thus far, BTC miners are answerable for the emission of just about 200 million tonnes of CO2 into the environment, in response to 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 through the BTC mining course of. Nevertheless, just a few bushes received’t do – and proper now, there actually aren’t 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 can be wanted to devour the CO2 emitted by the typical particular person each single day, primarily based solely on the fossil fuels launched to supply the meals they eat.
As a way to see important outcomes and have a notable influence on world warming, we would want to plant 300 million new bushes – and shortly. The truth is, fully neutralising the air pollution attributable to BTC mining would name for the largest world forest growth in human historical past.
That’s why PEGA Pool’s plan is to plant bushes, which extract CO2 from the air and rework it into plant materials and oxygen by a course of generally known as photosynthesis.
Proudly British-owned and -operated, this eco-friendly mining pool is on a mission to cut back the adversarial influence 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 might 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 in the present day to search out out how one can declare one of many final accessible spots on the waitlist and grow to be part of their limited-time BETA interval. The eco-friendly mining pool is at the moment 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 payment low cost.