The Bitcoin Mining Council, a group of energy-conscious North American Bitcoin mining companies has officially debuted on June 10 and clarified that Elon Musk will have “no role” at the Council. Musk initially teased the group's formation in a tweet last month.
The Bitcoin Mining Council that describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles”, made a formal debut on June 10 that aims to promote Bitcoin "energy usage transparency."
The council was first teased by Tesla CEO Elon Musk as “potentially promising”, but the website has officially clarified that Musk has no role at the BMC:
Musk had been previously criticized for his centralized attempt to control the mining industry on meeting the council members. However, Tesla CEO's involvement with the group appears to have only involved as educational.
The group further confirmed that it is completely independent of the Bitcoin network itself and has no intentions to disrupt its decentralization.
Tesla CEO, Elon Musk had been pressured to cut down Bitcoin as payments for its electric car manufacturing company, according to the notable investor and Shark Tank host Kevin O’Leary.