PEGA Pool Review

PEGA Pool Review: PROS

To start things off, as per usual, we’ll dive into some of the core benefits and features that you can expect to come across, while using the PEGA Pool crypto mining service.

Granted that it’s a bit of a different platform than I’d usually talk about, though, we should first establish some common ground, and talk about the company, as a whole.

PEGA Pool is a relatively new player in the field of crypto mining, at least as far as the general public is concerned. In fact, as of me writing this PEGA Pool review, the actual service isn’t even launched yet - there’s a BETA version of the pool available, and the brand expects the full launch to happen some time in Q1 of 2023.

Whether you decide to visit the company’s homepage, or read up on some initial user PEGA Pool reviews online, you’ll soon notice one distinct detail - PEGA Pool is a green mining pool. It’s actually at the core of their service model, too, as well as being the highlight of their mission statement.

What does that mean, in layman’s terms? Well, we’ll talk about that in a bit - for now, just know that it has to do with eco-friendliness.

As mentioned in the introductory part of the article, PEGA Pool is also a BTC-exclusive service. Meaning, if you came here looking for some other crypto mining options, you’ll need to look somewhere else. That said, with BTC mining being the most popular and common phenomenon, still, chances are that PEGA Pool will suit your preferences.

To give you a general idea of where PEGA Pool stands, popularity-wise, BTC.com ranks it as the 13th largest Bitcoin mining pool in the world. For a service that is still in its BETA stage, and is yet to launch to the general public, this is quite an impressive feat!

With all of that being said, and now that you have a bit of a better idea of what is PEGA Pool and how it operates, we can move on to talking about the specifics surrounding this project. As mentioned earlier, at the top of the list, you’ll find eco-friendliness.

An Eco-Friendly BTC Mining Pool Focusing on Environmental Preservation

So, yes - it would be quite impossible to write a thorough PEGA Pool review without putting emphasis on the fact that this service is focused on eco-friendliness and environmental preservation.

It should also be said, straight from the get-go, that this isn’t some sort of a gimmick, either - instead, PEGA Pool centers the entirety of their service model on this very aspect! It’s intertwined both with the mission that they have, as well as with the direct impact on the miners who choose to join the pool - more on that in a minute, though.

In order to understand why the company puts such an emphasis on this particular aspect, you need to know a few things about BTC mining, in general.

In these past couple of years, crypto mining has been subject to a lot of controversy surrounding the aspect of energy preservation. You’ll find that most user PEGA Pool reviews mention BTC mining to be problematic, but this is simply because Bitcoin mining is the most popular form of mining, in general - however, this applies to all other Proof-of-Work (mineable) cryptocurrencies, as well.

What’s the actual problem? Well, as you might have guessed by now, it’s the fact that crypto mining requires an unprecedented amount of energy resources.

To put things into perspective, think about it this way - according to CNET, a single BTC transaction requires around 1,449 kWh to be completed. This is equivalent to around 50 days of power usage by the average household in the United States.

That’s truly difficult to comprehend! It’s also the reason why there are so many people talking about the fact that mining BTC for a year uses up the same amount of energy as some smaller countries.

Evidently, in the context of global warming and energy conservation, this looks really bad. Factors like these have thrown Bitcoin mining into the spotlight, and not for good reasons - Tesla has stopped accepting it as a payment method, and some countries have banned BTC mining, altogether, due to the damage that it deals to the environment.

All of that being said, you probably don’t need this PEGA Pool review to tell you that these efforts are somewhat futile - as long as BTC exists, there are always going to be miners mining it. What *does* affect the actual number of BTC miners, dramatically, are Bitcoin halving events.

These are specific points in time when the difficulty of mining BTC is doubled, automatically. It’s a feature that was built into the Bitcoin code, by Satoshi Nakamoto, in order to combat inflation and (theoretically) increase the price of the asset over time. The more difficult it is to mine, the fewer coins enter the market, and with proper demand, scarcity would then drive up the price.

Once again - theoretically, that is.

With all of that being established, where does the PEGA mining pool fit into this picture? Well, it’s pretty simple, really - PEGA Pool offers a green mining solution.

First of all, the service incentivizes its users (miners) to use green energy when connecting to the mining pool. If your mining device (ASIC) utilizes renewable energy, you can expect to receive some major discounts with your pool fees - specifically, the fees get cut in half, from 2% to 1%.

That’s not where it ends, though. If you do use non-renewable energy, a portion of your fees will be dedicated to planting trees, by PEGA Pool - this way, the company aims to offset your carbon footprint, and reduce the damage dealt to the environment.

To date, PEGA Pool has planted a bit over 100,000 trees. That’s a big number! It also works to show that this isn’t “just a checkmark” for the company, but also something that they’re actively putting attention on, and developing.

So, in short, if you’re interested in a sustainable, eco-friendly and renewable energy-promoting way to mine Bitcoin, user PEGA Pool reviews will tell you that this particular platform could be the right choice!

Based in the UK, Available Internationally

Among the most notable features that you’ll find mentioned in user PEGA Pool reviews, the fact that the company is based in the UK will come up, rather often.

While it may seem like a trivial piece of information at first, if you’ve been involved with crypto mining for some time now, you can probably understand why it’s a pretty big deal.

The fact that it’s a United Kingdom-based service makes the PEGA Pool crypto mining project rather unique. The vast majority of mining pools globally are actually based in two countries - the US, and China.

This, in turn, results in some complicated legalities and regional regulations. Not to bore you with the bureaucratic stuff, at the end of the day, it simply means that there are a lot of people from the rest of the world who are excluded from being able to join the mining pools in said countries.

This is a big reason why multiple user PEGA Pool reviews also mention the PEGA Pool supported countries, as well. Being based in the UK, the service provider in question doesn’t really have all that many regulatory restrictions, and can allow many more people to join its mining pool, from all over.

Then, there’s also the aspect of many miners not wanting to work with China-native mining pools, for multiple different reasons. User PEGA Pool reviews will tell you that, at the top of the list is the fact that China is quite unpredictable when it comes to crypto-related regulations, in general. With the country constantly imposing restrictions and bans on crypto-related services, it can be rather frustrating, keeping track of it all.

Once again, this only works in the favor of the PEGA Pool BTC mining service. With miners now having an additional choice to work with a UK-based brand, this is surely strongly appreciated!

Latest Bybit Coupon Found:

A Private BETA With Early Access Availability

As we’ve established earlier in the article, the PEGA Pool BETA is currently in action - the mining pool service plans to launch the platform to the general public sometime at the beginning of 2023.

Even though the current BETA stage of the project is private, there are still ways of how you can join in, if you so wish to.

First of all, you could simply navigate to the company’s official website, and join in on the waiting list (you’ll need to provide your name and an email address). Doing so, you will already be eligible for a 50% PEGA Pool fees discount, once the pool actually goes public.

So, if you were to use a renewable energy source for your ASIC mining, you’d already pay only 1%, as a mining pool fee. However, that number can go down to as low as 0,5%, simply for becoming an early adopter and joining the waitlist!

Note that if you were to use a non-renewable energy source, your mining pool fees would still halve to 1%.

Sounds great? Well, if you join the PEGA mining pool waitlist, and get selected to participate in the private BETA, you’ll have to pay 0% fees for the entirety of the BETA period, as well as receive a permanent reduction of fees to 0,5%, when the platform launches.

The conclusion here is pretty simple - it’s definitely worth becoming an early adopter of the project!

Competitive Expected Profitability

Naturally, if you’re reading through user PEGA Pool reviews with the intention of finding yourself a Bitcoin mining pool, chances are that profitability is kind of a major factor for you.

Jokes aside, that’s actually one of the biggest aspects that everyone needs to look into, when it comes to analyzing what is PEGA Pool, or any other crypto mining pool out there.

Now, profitability is a number that’s going to vary, drastically, depending on a huge variety of factors. Whether it be BTC halvings, major news, random market swings, electricity prices, or anything in between, it can be really difficult to determine the exact amount of money that you’ll be making every day, if you mine with a specific pool.

That being said, thanks to some general information shared by the PEGA Pool crypto mining platform, we can still make some rough estimates.

The PEGA mining pool’s hashrate is 1.4 Eh/s, with a general hashrate of 237.32 Eh/s. At the time of writing this PEGA Pool review, the current price of BTC is $16,905.

With these criteria in mind, the expected profitability for mining Bitcoin with the PEGA Pool BTC platform would be $0.0624/Th.

To put things into perspective, let’s assume that you’ll be using one of the most popular ASIC miners on the current market - Bitmain’s S19j PRO (100th). This device has a maximum hashrate of 100Th/s. So, your daily revenue from using the Antminer S7 together with the PEGA mining Pool would be around $6 (before deducting electricity costs).

This, in turn, places PEGA Pool in a pretty competitive spot, as far as mining profitability is concerned. At the time of writing, the average daily mining pool profitability ranges at around $0.05/Th - $0.06/Th.

So, in short, if profitability is the key point that you’re looking at, you can rest assured that PEGA Pool will surely offer some attractive numbers. This is especially true if you combine them with the permanent 0.5% fees that you’d receive by joining the private PEGA Pool BETA!

PEGA Pool Reviews: CONS

Now that we’ve covered all of the major benefits and features that you can expect to encounter when analyzing PEGA Pool, it’s also important to mention some of the less-positive aspects of the project, too.

Admittedly, though, the term “cons” doesn’t exactly suit this BTC mining pool - even as you read through different user PEGA Pool reviews, chances are that there are very few actual “cons” or complaints that you’ll come across.

With that being the case, in this chapter, we’ll focus more on the “things to keep in mind” part - so, if you’re still not sure about whether or not PEGA Pool will suit your wants and needs, there are a couple of aspects that you can consider, and that’ll potentially help you make up your mind!

You Need an ASIC Miner to Join + Can Only Mine BTC

One of the biggest requirements that some mining pools have has to do with hardware - specifically, with the fact that you need to have an actual crypto mining-dedicated device in order to join the pool.

If you’re not sure what I’m talking about, let me give you a brief explanation. Essentially, with a few exceptions, in order to join a BTC mining pool, you’ll need to have one of two things - either a computer with a powerful GPU card, or an ASIC (Application-Specific Integrated Circuit) device.

The former is simpler to get a hold of, since most modern computers have pretty decent GPUs in their composition. Thus, individuals would be able to start mining crypto with their personal computers (albeit the results would likely be less-than-stellar).

The other option, however, comes with its own shortcomings, too. While ASICs are very powerful, mining-specific devices, they tend to cost a lot of money, upfront. Thus, not everyone is able to afford a well-made and efficient ASIC miner.

Certain mining pools will accept both ASIC, as well as GPU miners. User PEGA Pool reviews will tell you that this pool isn’t part of that group - instead, in order to be able to join the PEGA mining pool, you will need to have a dedicated ASIC miner of your own.

This does automatically disqualify a lot of potential users from accessing the mining pool in question. Unless you have invested in an ASIC miner, chances are that you’re going to have to look for an alternative BTC mining pool option, or save up for a dedicated mining device.

While it might not be an issue in itself, the current market situation adds a lot of uncertainty to the matter. With ASICs still often being very expensive (relatively speaking), and the price of BTC crashing not too long ago, many people have turned to ASIC-resistant cryptocurrencies, for all of their mining ventures.

This, in turn, could cause a lot of doubts for anyone who’s still thinking about buying an ASIC device, in order to mine BTC. That being said, if you’re “in it” for the long term, there’s a pretty good chance that these market fluctuations seem trivial to you, and that the benefits offered by the PEGA Pool BTC mining pool far outweigh the negatives.

Another point that should be added to this, however, is one that I’ve mentioned multiple times in this PEGA Pool review already - the fact that, if you choose to join this particular pool, you will only be able to mine Bitcoin.

So, if you’re a PoW-based altcoin enthusiast, unfortunately, you’ll need to look for a different mining pool.

Is this really a deal-breaker? Well, no - at least not for most people. BTC is still the “king” when it comes to crypto mining, and most individuals (and companies!) who participate in cryptocurrency mining do tend to mine this particular crypto asset.

Besides - if you *do* want to mine other cryptos, in conjunction with BTC, you could simply utilize the services of a few mining pools simultaneously. Granted that you wouldn’t be able to mine two or more cryptocurrencies with the same device, at the same time, this might still be a viable option!

Not Much Information About the Company

By now, it’s probably no secret to anyone that the world of crypto values transparency - sometimes, to an extreme degree. While this is something that’s most prevalent with different specific crypto-powered projects, it’s true with some bigger companies and mining platforms, as well.

You’ve guessed it - the PEGA mining pool is no exception.

The mining pool in question belongs to a company called “PEGA Pool Ltd”. As we’ve already established, it’s based in the UK - in the very southern part of the country, to be more specific.

Visiting PEGA Pool’s LinkedIn page, you will also find some information about the employees working there, as well as the CEO of the company, David Bungay. Apart from that, though, there’s actually very little information about this institution available online.

Even on this mentioned LinkedIn page, the company only has a single post. This does, evidently, add to the reason why people are asking - what is PEGA Pool, to begin with?

Now, why is this a notable point to consider, in the first place? Well, as I’ve mentioned earlier in the chapter, these days, many crypto enthusiasts are very “on edge”, when it comes to crypto-related companies.

After the Celsius and FTX debacles, people have really taken the term “DYOR” (Do Your Own Research) to the next level, and are more hesitant when it comes to trusting projects with little information surrounding them.

Does PEGA Pool fit this description? Well, to be fair, no, not really - at least not for most people. Suspicion is usually strong when dealing with projects launched by anonymous developers, or companies that are actively trying to hide something.

The situation appears to be quite different with PEGA Pool, Ltd, especially given the fact that this particular company actually has a sister-company, PEGA Mining. With the brand still being relatively new (at least as far as the industry is concerned), it makes sense that they need time to build a name for themselves.

All of that being said, it’s still a point worth keeping in mind, and considering when you’re reading through user PEGA Pool reviews!

Did you know?

Compare Crypto Exchanges Side by Side With Others

All Crypto Exchanges may look similar to you but they're NOT all the same!

Yes! Show me the Comparison Chart

Conclusions

Now then, we’ve reached the end of our PEGA Pool review. With that, what’s the conclusion here - is PEGA Pool worth looking into, or are you better off searching for alternative mining pool options?

Well, I’d say it’s pretty self-evident - the pool in question is definitely one that’s worth checking out!

PEGA Pool offers its clients a variety of awesome features - things that make the mining pool very attractive and competitive. Its focus on eco-friendliness and sustainability is definitely the highlight of the service model, but users can also expect very decent fees, a competitive earning model, and additional perks.

To top that off, PEGA Pool is currently in its private BETA stage, with an official launch planned at the beginning of 2023. This means that, if you decide to join the waitlist, you’ll be able to become one of the earliest adopters of this service!

That’s not the only benefit to joining early, however. Everyone who joins the waitlist will get their mining pool fees halved, permanently. On top of that, if you get accepted into the private BETA, you will also receive 0% fees for mining during the BETA, and a permanent discount post official launch (your fees will be 0,5% forever).

Those are some serious perks to consider! Summing things up, it’s evident that the PEGA mining pool is definitely worth looking into - if you do decide to check the platform out, make sure to join the waitlist, if the pool still isn’t launched, when you’re reading this!

All of that said, thanks for reading my PEGA Pool review, and until next time!

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.