Bitcoin Mining Council publishes mission assertion and is on the lookout for members
The Bitcoin Mining Council (BMC), a group of Bitcoin miners from around the world, has officially given its go-ahead and is now available for membership applications. The council’s website is live and shares details on its mandate, responsibilities and roles of influential CEOs Elon Musk and Michael Saylor.
“The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners who are committed to the network and its basic principles,” says the BMC website. “We promote transparency, share best practices and inform the public about the benefits of Bitcoin and Bitcoin mining.”
Although the BMC was first formed in a closed session, it has reportedly moved to a more open setting. According to the council’s website, any Bitcoin miner can join, provided they agree to share their energy mix and hash rate for “research and educational purposes”. In addition, the members of the council should promote the core tenets and tenets of Bitcoin – “that it is a decentralized, peer-to-peer, censorship-resistant and open source protocol”.
The website also claims that Tesla CEO Elon Musk, who attended the group’s first meeting, “has no role in the BMC.” But the CEO of the software intelligence company MicroStrategy, Michael Saylor, who called the first meeting, is a “key member of the BMC, both as an agent and a supporter of Bitcoin”.
The Bitcoin Mining Council, which was initially a closed group, received skeptical reactions from many in the Bitcoin community who thought the Council might take an aggressive stance on Bitcoin’s energy use, fueled by Musk’s recent concerns. But the group may have understood that Bitcoin’s carbon footprint is only a percentage of many other industries’ own, as, according to their website, it now “believes that Bitcoin’s energy use is a feature, not a bug”.