BMC (Bitcoin Mining Council) gave more information about the organization and who are its members.
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The Chief Executive Officer of the enterprise intelligence firm MicroStrategy, Michael Saylor is a co-founder of the undertaking, who describes it as an open forum for joining Bitcoin miners.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. 🙏https://t.co/vGPGD3TA5p
— Michael Saylor (@michael_saylor) June 10, 2021
Other co-founders are asset management firm Galaxy Digital, blockchain companies Argo, Hive, and BTC mining firm Riot. They will cover the costs and said that miners from all over the world are welcome to join. A number of North American BTC miners are already a part of the process which goal is to increase transparency, support good experience, and widen education.
On May 24, Tesla CEO Elon Musk tweeted that he met with North American miners and talked about industry issues. The meeting was hosted by Michael Saylor and as stated by Musk, the ideas were pretty promising.
However, Musk doesn't have a part in the council.
The foundation says that it is beneficial to be transparent on energy consumption and to share hashrate insights for study and educative means.
BMC is separate from the BTC network and won't interrupt its decentralized concept.
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While China shut Bitcoin mining, the USA and Kazakhstan are making progress in the sphere.