Elon Musk With No Role in Bitcoin Mining Council, Michael Saylor Will Be a Key Member

A few weeks after saying the meeting with the US-based miners was “promising,” it was revealed that Elon Musk will have no actual role in the formation and operation of the Bitcoin Mining Council.

  • After Tesla disabled BTC payments citing environmental issues, Elon Musk has openly urged those involved with the largest blockchain network to strive for clean energy mining.
  • While most community members saw his words as criticizing at first, the billionaire actually met with US-based Bitcoin miners to discuss potential solutions.
  • The meeting, led by MicroStrategy’s Michael Saylor, resulted in the formation of the Bitcoin Mining Council – an organization aiming to “promote energy usage transparency and accelerate sustainability initiatives worldwide.”
  • As Musk was a part of that initial meeting, it was widely believed that he would be actively participating in the Council’s future.
  • However, the website, which went live just recently, denies such a possibility. It reads that “Elon Musk has no role at the BMC. The extent of his involvement was joining an educational call with a group of North American companies to discuss Bitcoin mining.”
  • In contrast, Michael Saylor, the CEO of the company that plans to hold over 100,000 bitcoins soon, is a “key member of the BMC, both as a facilitator and Bitcoin supporter.”
  • Saylor himself described the Council as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles” and urged anyone interested to join.

Publication date: 
06/11/2021 - 10:04
Disclaimer

The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.