Bitcoin Mining Council Launches – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The Bitcoin Mining Council (BMC), a group of bitcoin miners from around the globe, has formally launched and is now open for membership applications. The council’s website is live and shares details about its mandate, what it will do, and the roles to be played by influential CEOs Elon Musk and Michael Saylor.

“The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles,” per the BMC website. “We promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin mining.”

Although the BMC was first established in a closed-door meeting, it has allegedly moved into a more open framework. According to the council’s website, any bitcoin miner can join, provided they agree to share their energy mix and hash rate size for “research and educational purposes.” In addition, the members of the council should promote Bitcoin’s core principles and tenets — “that it is a decentralized, peer to peer, censorship-resistant and open-source protocol.”