PEGA Pool Review: How This Blockchain Project is Set to Change the Face of Green Crypto

One of the central problems facing Bitcoin is the extremely energy-intensive process around mining it. Over recent months, Bitcoin has repeatedly made front-page news due to its intensive processes. Even after bans in China and Russia, the environmental impact of Bitcoin is still unbelievably high.

According to the University of Cambridge, Bitcoin generates more than 130 terawatt hours annually. To put this in perspective, the entire country of Norway only uses 123 TWh in an average year. Over any given year, Bitcoin will create nearly 40 billion lbs of CO2 – and that’s only in the US.

It’s safe to say that the Bitcoin mining industry cannot continue as it currently is, with the massive damage that it is causing to the environment being unacceptable. These revelations have even caused investors to start to pull back from Bitcoin, citing this as an issue that needs to be overcome if Bitcoin is truly to have a real future.

PEGA Pool is set to provide that solution, allowing BTC miners to offset their carbon emissions as they work. In this article, we’ll dive into PEGA Pool, documenting what it is, the features that allow it to work, and how it has all the markings of an industry-altering project.

Let’s jump right in.

What Is PEGA Pool?

PEGA Pool is an international mining crypto mining project that places its environmental impact at the center of the project. For an extended period of time, many users have been shying away from crypto mining due to its negative impact on the environment. PEGA seeks to change that, offsetting CO2 emissions by planting trees.

For each block mined by PEGA pool, a small portion is set to one side, building a repository of funds that PEGA then uses to plant trees. By working with PEGA, users that want to mine bitcoin can connect to their network and corporate together for more efficient mining.

Not only does this provide a more stable income for bitcoin miners, but it also helps convert the industry into a point of carbon neutrality, with the continual effort to plant more trees acting as a shining example for the industry.

While PEGA does not shut out miners that aren’t using renewable energy, they impose a larger fee structure on them, incentivizing going green for everyone that gets involved. Currently, PEGA Pool is the 12th largest bitcoin mining pool in the world, with its commitment to green energy drawing lots of public attention.

What Problem Does PEGA Pool Solve?

Traditional Bitcoin mining is an incredibly energy-intensive process. In fact, according to studies published by the University of New Mexico, Bitcoin mining is currently one of the most energy-intensive processes on earth. Due to the Proof-of-Work system of mining a new block, Bitcoin has a power requirement for its equipment. Throughout 2020 alone, BTC mining consumed more energy than the country of Austria, and nearly double that of Portugal.

Even after China’s ban on crypto-related transactions, mining has still continued to be a prevalent polluter across the globe. Yet, if we are to continue producing Bitcoin, then this mining is a necessary part of the industry.

PEGA Pool attempts to solve this problem, providing crypto miners with a way to offset the carbon footprint of BTC mining without reducing the efficiency of the system itself. The pool fees that PEGA Pool contacts will go toward planting trees, offsetting the total yearly CO2 emissions.

The environmental focus of this project has caught the attention of many news publications, being presented as a revolutionary idea. Currently, PEGA Pool is in a pre-launch phase and will be open to public access from the beginning of 2023. There is an active waitlist with over 2,300 users already signed up.

As awareness of PEGA Pool grows and more miners turn to this environmentally-conscious method of BTC mining, this project could have what it takes to turn the tide on Bitcoin’s carbon emissions.

What Are the Main Features of PEGA Pool?

PEGA Pool achieves its unique offering by affording its users world-class mining tools while concentrating everything through a carbon-conscious lens. The eco-friendly mining pool focuses on accessibility for all, championing more people into mining while offsetting their carbon footprints.

Using the following features, PEGA Pool is working toward changing the industry for the better:

• Carbon Offsetting
• Complete Flexibility
• Fee Structure
• International Outlook
• Early Access
• International Infrastructure

Let’s break these down further.

Carbon Offsetting

Of course, we’re unable to review PEGA Pool without covering exactly how it goes about this practice. Absolutely anyone can get involved with PEGA Pool mining, allowing miners that are using any energy source to participate in pools.

For every block that PEGA Pool generates, a portion of their mining pool fees will then go directly to planting trees. The quantity of trees planted is kept proportional to the total carbon emissions generated from the process, helping to offset carbon emissions right as they’re generated.

This allows for PEGA Pool to incorporate scalability into their offering. Instead of having a fixed number of trees being planted per year, the proportional nature of their operation allows them to plant just enough trees to cover their carbon emissions. Even as one scales, the other scales with it.

This sustainable system is paving the way for green Bitcoin mining, with over 1760T of CO2 being offset each year by PEGA Pool. At present, they have already planted over 66,000 trees.

Fee Structure – Benefits Renewable Energy Clients

While PEGA Pool does allow both miners that are using renewable and non-renewable energy to participate, they heavily favor the latter through their fee structures. For PEGA Pool miners that can prove they’re using renewable energy structures, PEGA will reduce their fees by an incredible 50%.

For those that are already using renewable energy, this makes PEGA a phenomenal platform for continuing to mine at scale. While users that aren’t using non-renewable energy are able to mine within the pool, they’re not able to obtain the same 50% discount on their fee. For this user type, PEGA Pool will take a 2% mining pool fee.

International Outlook – British Owned

The vast majority of pooled mining platforms are based in China or the United States. Many international miners are shut out of the ability to get involved in projects due to specific geographical legislation. PEGA Pool, on the other hand, is based, owned, and operated in the United Kingdom.

With developers building the platform to an incredibly high standard, PEGA is set to become a market leader. Especially for miners or investors that don’t want to work or engage with Chinese companies, the option to partner with a UK business comes as a big relief.

As a new international option, many miners are flocking to this platform as a well-respected choice.

Early Access

PEGA Pool is currently in a Private Beta Testing Stage, helping to smooth out any kinks before its launch in Q1 of 2023. For those that join the waiting list currently live on the Pega Pool website, you’re able to get a permanent 50% pool fee discount.

For those already in the Beta, testers are getting 0% pool fees and then a permanent reduction of fees to 0.5% once the platform is launched.

These early-adoption benefits are currently accelerating the industry’s acceptance of the newer platform. As users have seen the environment and financial benefits of joining and mining through this pool, there has been an influx of interest in the project.

International Infrastructure

PEGA Pool has a global pool infrastructure, with stratum servers being equally distributed around the world. Strategically placing these infrastructural hubs across the globe ensures that PEGA Pool can mitigate the risk of major outages. This global approach and solution to international architecture provide a flawless experience for miners.

Without sudden outages, the impressive uptime of PEGA Pool allows miners to get more from their expeditions. No matter where a miner is based in the world, the international distribution of servers ensures low latency and high efficiency.

With fewer rejections, miners are able to work around the clock to increase profits.

Final Thoughts

As a UK-based company with international infrastructure, PEGA Pool would already be getting attention due to the stability, reliability, and efficiency of its pooled mining system. However, the introduction of environmentally-conscious thinking into the center of this project has further propelled it into the media spotlight.

Planting trees with pool fees, PEGA is helping to offset the carbon emissions of this industry, driving adoption and overcoming one of the core problems that BTC mining faces. Its advanced infrastructure, combined with its carbon-conscious planning, has led this project to be a shining beacon of the very best this industry has to offer.

For miners that are looking to reduce their carbon emissions from mining Bitcoin without giving up any efficiency, PEGA Pool is the project for you. We’re excited to see how PEGA Pool moves from stride to stride with the launch of its public platform in the first quarter of 2023.

Editorial Note: This is a sponsored article. Opinions expressed are those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article.