Elon Musk’s participation in the Bitcoin Mining Council is not welcome


The Bitcoin Mining Council, which brought together the first digital currency miners under one virtual roof, got down to business. Michael Saylor, the CEO of MicroStrategy, broke the news on Twitter.

BMC members’ primary aim, according to the organization’s website, is to support cutting-edge concepts in the crypto market and their clarity. In addition, members of the group are encouraged to share their user experiences and educate the public about Bitcoins and Bitcoin mining benefits. Nonetheless, Elon Musk had no place in this organization.

The millionaire loves being busy, as co-founder of PayPal, Tesla CEO, and SpaceX CEO all at the same time. However, it does not appear that he is responsible for encouraging bitcoin miners to pursue “energy-efficient” and “green” plans. Previously, it was the billionaire’s outspoken unwillingness to utilize Bitcoin due to its “lack of environmental friendliness.” Unless, of course, this was another price manipulation of Bitcoin.

Many expected Musk to become one of the Bitcoin Mining Council’s most prominent members, but his whole involvement began and concluded on May 24 with an “education call” with a group of miners. Saylor himself would not have been pleased with a guy who frequently organizes demonstrative “dumping sessions” in a market where he has spent billions of dollars participating in a miners’ organization.

The BMC will not force anyone to adopt specific “green” dogmas or anything like that, according to MicroStrategy’s CEO. Instead, its mission will be to publicize mining and crypto activity to pique the attention of individuals who have heard of it but have never looked into how it operates. Simultaneously, by raising public awareness of accurate indicators of energy consumption on the part of miners and their devices, people will be less likely to believe in flashy headlines and will be able to distinguish between those who believe in facts and those who like to shout about the “danger” of Bitcoin.

Elon Musk, on the other hand, was allegedly linked to the latter.

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