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

Forum 2 years ago

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

Tesla’s CEO, Elon Musk, will have no formal role in the Bitcoin Mining Council despite meeting with some US-based miners.

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.