Elon Musk convinces miners to form Bitcoin Mining Council

Centralization, what centralization? Elon Musk has been busy lately after his Bitcoin betrayal. The Tesla CEO has spoken with Bitcoin miners in North America, urging them to form the Bitcoin Mining Council.

The idea behind this new organization being to promote renewable energy usage, transparency and accelerate sustainability initiatives worldwide.

Elon Musk announced on Twitter that he had spoken with Bitcoin miners:

MicroStrategy CEO Michael Saylor hosted the meeting, and he immediately tweeted explaining:

Saylor proceeded to say that the meeting included executives from Argo Blockchain, Blackcap, Core Scientific, Galaxy Digital, Hive Blockchain, Hut 8 Mining, and Riot Blockchain — basically, the biggest names in the mining space in North America.

According to the MicroStrategy CEO, the executives present at the meeting have decided to establish an organization to standardize energy reporting, pursues industry ESG goals, as well as educate and grow the marketplace.

Now, Bitcoin purists may see this development as being counter to the original goals of the cryptocurrency revolution.

But the crypto space has been under intense criticism from many a circle, with environmental advocates highlighting the extreme energy usage of these blockchain networks. Bitcoin, in particular, is a gift that keeps on giving when it comes to energy consumption.

Moving to greener sources, and promoting renewable energy usage becomes paramount for mainstream adoption of these digital coins.


The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Crypteligence.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.


Leave a Reply