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It’s no secret that crypto is changing the world, but it’s not all sunshine and proverbial rainbows. As of 2022, Bitcoin (BTC) mining is said to be responsible for 0.1% of all greenhouse gas emissions worldwide.
While this number might not seem very high, it’s equivalent to 50 tonnes of CO2. Bitcoin is made by using electricity that is partially generated by coal- and gas-fired power plants, two substances that emit harmful greenhouse gases when burned.
However, the solution is not to cease BTC mining operations entirely. Mining is invaluable in the process of verifying the legitimacy of Bitcoin transactions while keeping crypto users honest and preventing double spending. In fact, the entire integrity of Bitcoin depends on miners recording and validating transactions.
And that’s where PEGA Pool comes in, encouraging miners to keep doing what they do best – in a more sustainable and eco-friendly way.
Studies show that offsetting Bitcoin’s carbon footprint would require the planting of 300 million new trees worldwide. While this may seem like an ambitious number indeed, PEGA Pool is spearheading the race to save the environment by using a portion of each member’s pool fees to plant trees.
By making the shift to PEGA Pool, BTC miners can mine with confidence knowing that they are proactively reducing their BTC mining carbon footprint every single day. PEGA Pool even has a dedicated separate website where users can find updates on how many trees have been planted so far on their mission to offset BTC mining CO2.
As we write this, 75,000 trees have been funded by the forward-thinking BTC
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