Bitcoin is Poisoning the Atmosphere And Big Tech is Spending Billions to Find the Antidote

| Publish date: 01/02/2023 (Last updated: January 02, 2023 10:37 AM)
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The crypto industry isn’t the eco-friendliest on Earth – Bitcoin mining in particular – and the CO2 emissions it constantly spews into the atmosphere is the subject of widespread scrutiny worldwide. While most people feel helpless in the face of this adversity, those with the budget (and the heart) are funding direct air capture to literally suck CO2 from the air. While the concept is still in its early stages, the potential results look promising.

If you’ve passed by Georgia’s Institute of Technology’s Carbon Neutral Energy Solutions Lab recently, you may have been lucky enough to spot the two mammoth water tanks stationed at a parking lot down the road from the facility. Filled with 2000 gallons of water a pop, experts are using these tanks to grow algae – but likely not in a way you’ve ever heard of before.

Inside the tanks, you’d find transparent bags filled with what looks like green goo floating in water – and that’s algae. The mucousy substance and photosynthetic organism is fed a blend of water and CO2 via tubes in an effort to make it produce oxygen. In fact, algae is responsible for the production of at least 50% of all oxygen found in the Earth’s atmosphere.

This not-so-small experiment has Georgia Tech researchers excited for the future. Clearly, it’s possible to extract CO2 from the air and feed it to hungry algae. And once the algae has had its fill, it certainly won’t go to waste – it can be used for everything from fuel to food.

With the UN’s mission to lower carbon emissions and reach net zero by 2050, Georgia tech’s experiment is already a promising step in the right direction. While there’s still a long way to go – seeing as almost 85% of our world’s energy is created by burning fossil fuels – we’ve got 27 years to achieve the UN’s goal. And Georgia Tech’s direct air capture efforts are a promising start on the road towards net zero.

Another seemingly obvious way to lower CO2 emissions is to plant more trees, seeing as their leaves use a process called photosynthesis to pull CO2 in the air and convert it into oxygen and plant matter. While we’d need around 300 million new trees planted strategically across the Earth to see a significant impact, one company has already made an impressive dent in that number.

PEGA Pool is the world’s first eco-friendly mining pool also committed to fast-tracking the mission to reach net zero. Proudly British-owned and -operated, they’re planting trees on behalf of their members who haven’t yet made the shift to renewable energy for Bitcoin mining. And BTC miners who are already using renewable energy qualify for a 50% pool fee reduction for life.

PEGA Pool is well on its way to becoming the most ecological mining pool on the planet, so it’s clear to see why so many BTC miners are scrambling to claim a spot on the eco-friendly mining pool’s rapidly-filling-up waitlist.

To learn more about PEGA Pool and how they’re making the global crypto community a better place for the unborn generations of tomorrow, visit their website Those who join the waitlist early qualify for the permanent 50% pool fee reduction once PEGA Pool goes live in Q1 2023.

 
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