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Elon Musk Is no Longer Part of Bitcoin Mining Council

Elon Musk Is no Longer Part of Bitcoin Mining Council
  • Elon Musk will no longer be part of the American BTC Mining Council.
  • BMC explained that Elon joined the group to educate on Bitcoin mining.
  • BMC hopes to changes people’s mindset in terms of BTC’s environmental impact.

North American Bitcoin Mining Council (BMC) has announced that Tesla CEO Elon Musk will no longer be part of their Council.

Specifically, BMC said that Elon mainly joined them on an educational call to discuss the pros and cons of Bitcoin mining.  However, based on the report, Elon’s affair with the Council has just ended as an “educational call” from now on.

Briefly, the Bitcoin Mining Council exists to promote energy usage transparency in the flagship crypto Bitcoin. MicroStrategy CEO Michael Saylor functions as founder leader of the BMC.

Moreover, describing the BMC, Saylor eventually said that the group deliberately volunteers and opens forums of BTC miners who are dedicated to the network and its principles.

Saylor tweeted,

“We promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin mining.”

Again, the BMC stressed that they are not operating to tell anyone what to do in Bitcoin mining.

Rather, the Bitcoin Mining Council advises that its members should strive and share their “energy mix”. Also, the Council emphasized that miners should utilize their power consumption data mainly for research and educational purposes. Furthermore, BMC believes that doing this will help change people’s mindset in terms of Bitcoin’s environmental impact. 

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.