Lucky you! I know that in living sphagnum peat moss, the cell walls also function as ion exchangers and still absorb cations, such as calcium and magnesium supplied by rainwater and release hydrogen ions into the water. However, I don't think it will have the same rapid affect on your water as partially decayed (humification) peat that has otherwise come into existence via conditions of restricted microbial activity. Like RTR said earlier, you would probably need an intire greenhouse of the live stuff. You might end up using wrotting sphaqnum moss in the long run...As far as I understand, live sphagnum peat moss is part dead and alive since the bottom segment dies off pretty fast from lack of light while the top part is the only live, growing segment. Take from the bottom if you use it. Sounds like an experiment to me...
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