Argo Blockchain Launches Green Pool for Bitcoin Mining – Bits Media

Argo Blockchain to Launch First Sustainable Bitcoin Mining Pool with DMG Blockchain – Terra Pool. He will only use energy, generated by hydroelectric power plants.

Argo Blockchain is registered in the UK, while the mining company has Several DATACESITRES in Canada for Bitcoin Minus and Provincial Coin Zec. Recently, Argo Blockchain acquired a land plot area 320 Acers in Texas, to start building a data center with power 200 megawatts. However, Argo Blockchain does not intend to stop there.

Company
reported on Twitter, What signed a memorandum of understanding with the Canadian DMG Blockchain to create a Terra Pool pool. He will combine the Hashrates Argo and DMG, generated by energy, which is produced at hydroelectric power plants. ARGO General Director Peter Wall (Peter Wall) said, that the purpose of this initiative is to make bitcoin a more environmentally friendly, and called on other mining companies to follow the example of Argo.

DMG Executive Director Dan Raycik (And Reitzik) added, that environmentally friendly bitcoin mining will contribute to the development of the mining industry as a whole. Many miners will begin to look at the production of cryptocurrencies differently, Thinking about its consequences for the environment.

“The solution to the problem of climate change has become one of the priority tasks of Argo. Partnership with DMG to create the first “green” pool for mining bitcoin will be an important step towards protecting the planet as for us, and for future generations ", – Wall said.

Many criticize bitcoin for, that its production requires a large amount of electricity, which leads to an increase in carbon emissions into the atmosphere. However, according to the Braiins study, conducted in 2019 year, Video games "eat" much more electricity compared to Bitcoin mining.