PEGA Pool, the world’s first eco-friendly mining pool, is etching closer to its highly anticipated mainstream release. Set for launch in Q1 of 2023, PEGA Pool was built from the ground up to take action in the face of the Bitcoin industry’s devastating impact on the environment.
While crypto mining is an essential component of the industry, critics admit that the cons are starting to outweigh the pros. The very act of Bitcoin mining relies on intense computational power, which is dependent on coal- and gas-powered power stations.
Both types of power plants emit toxic greenhouse gases, which are spewed into the atmosphere every single day. Fossil fuels are proven to have a devastating impact on global warming, making Bitcoin mining one of the guiltiest culprits in the war against climate change.
Environmental aspects aside, Bitcoin miners are starting to feel the pinch financially. Their profit margins took a huge hit in 2022, with the plummeting Bitcoin price compounded by risi
82.8 Billion Pi Under Core Team Control—Is Pi Network Truly Decentralized?
Pi Network’s core team holds 82% of total Pi Coins, raising serious doubts about decentralization and fair wealth…