UK-based Pega Pool has confirmed the launch of its eco-friendly Bitcoin (BTC) mining pool.
The initiative will enable users to offset their carbon footprint and consider renewable energy offering a pay-out structure with a competitive full-pay-per-share model.
By allowing users to mine together and connect their asic miners to the platform, users are provided with a consistent income much larger than the return from mining alone.
Although the platform is open to all BTC miners, those mining with renewable energy will pay 50% lower pool fees and be offered rewards for making a positive impact on the environment.
As it stands, globally, Pega Pool is one of the top 10 largest BTC mining pools, according to data statistics from BTC.com.
As popularity among BTC has risen over the years, proof-of-work mining operations have received criticism from governments, corporations and individuals concerning fossil fuel consumption down to crypto mining.
After China enforced its blanket ban on crypto mining, several other countries followed suit; suspended mining, Iran cut electricity power from crypto mining activities, and Texas halted its service amid a heatwave in the state.
As a result of countries and firms becoming much more eco-friendly and environmentally concerned, there has been a spike in the industry’s appetite for sustainable mining options.
Pega Pool CEO David Bungay said: “I am very excited to announce the official launch of Pega Pool, our British Eco-Friendly Bitcoin Mining Pool. Our journey began with Pega Mining which gave us the desire to build Pega Pool and provide the world with what was missing in our industry.
“We built Pega Pool so that we could not only offer our clients a top-performing trustworthy mining pool but also provide them with an incentive to change the industry for the better and follow in our green footsteps.”
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