The Bitcoin Mining Council Says There Is No Insidious Agenda

The Bitcoin Mining Council (BMC) has published its mandate, and fears of a centralized takeover of Bitcoin appear unfounded. MicroStrategy CEO Michael Saylor described it as an open forum for miners. He said the organization’s purpose is to advance Bitcoin mining transparently and educate the public. “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles. We promote transparency, share best practices, and educate the public on the benefits of #Bitcoin and Bitcoin mining. Join us.” Bitcoin Mining Council Catches Heat The BMC first came to the public’s attention towards the end of last month following the energy-FUD perpetrated by Elon Musk. The Tesla CEO criticized the Bitcoin network saying a significant proportion of miners use environmentally damaging non-renewable energy sources, particularly coal. But to address those concerns, Saylor hosted a meeting with Musk and executives from several Bitcoin…

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