{"id":44163,"date":"2021-06-11T11:37:39","date_gmt":"2021-06-11T08:37:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44163"},"modified":"2025-08-31T15:42:16","modified_gmt":"2025-08-31T12:42:16","slug":"elon-musk-has-no-place-among-the-green-bitcoin-miners","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elon-musk-has-no-place-among-the-green-bitcoin-miners\/","title":{"rendered":"Elon Musk has no place among the &#8216;green&#8217; bitcoin miners"},"content":{"rendered":"<p>The Bitcoin Mining Council (BMC), an organization of Bitcoin miners, has begun work. This was announced by Michael Saylor, the head of the Nasdaq-listed company MicroStrategy.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles. We promote transparency, share best practices, and educate the public on the benefits of <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> and Bitcoin mining. Join us. \ud83d\ude4f<a href=\\\"https:\/\/t.co\/vGPGD3TA5p\\\">https:\/\/t.co\/vGPGD3TA5p<\/a><\/p>\n<p>\u2014 Michael Saylor (@michael_saylor) <a href=\\\"https:\/\/twitter.com\/michael_saylor\/status\/1403015731701297165?ref_src=twsrc%5Etfw\\\">June 10, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to Saylor, the organization is open to all industry participants who wish to share energy-use and hash-rate data for research and educational purposes.<\/p>\n<p>Membership of the BMC is free. During the first year of operation, all expenses related to the organization&#8217;s activities will be borne by its founders, including Argo Blockchain, Marathon Digital Holdings, Galaxy Digital, MicroStrategy, and others.<\/p>\n<p>The group will transfer excess funding to Bitcoin developers.<\/p>\n<p>North American miners <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-discusses-prospects-for-green-bitcoin-mining-with-miners\">decided to form the BMC after meeting Elon Musk<\/a>, at which the industry&#8217;s impact on the environment was discussed. According to the project&#8217;s site, the Tesla founder does not play any role in the organization. His involvement was limited to attending the May teleconference.<\/p>\n<p>Earlier fintech entrepreneur Ragnar Liftrasir called the BMC a <a href=\"https:\/\/forklog.com\/en\/news\/industry-expert-says-elon-musks-initiative-is-detrimental-to-the-industry\">&#8216;a centralized point of contact&#8217;<\/a> for authorities.<\/p>\n<p>The group stressed that it does not seek to change Bitcoin&#8217;s decentralized character or its fundamental principles. All BMC members are independent players. The organization does not plan to impose energy standards on its members.<\/p>\n<p>Marathon Digital Holdings is planning to build <a href=\"https:\/\/forklog.com\/en\/news\/marathon-to-build-a-green-data-center-for-bitcoin-mining\">a &#8216;green&#8217; data center for Bitcoin mining<\/a> in Texas.<\/p>\n<p>In May 2021, BIT Mining Limited announced the construction in the same state of <a href=\"https:\/\/forklog.com\/en\/news\/marathon-to-build-a-green-data-center-for-bitcoin-mining\">a facility with a capacity of 57.2 MW<\/a>, of which 85% would be generated using clean and low-carbon electricity.<\/p>\n<p>In the same month, Argo Blockchain acquired <a href=\"https:\/\/forklog.com\/en\/news\/argo-blockchain-buys-green-data-centres-for-mining-in-canada\">two &#8216;green&#8217; mining centers<\/a> in the Canadian province of Quebec.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin Mining Council, an organization of Bitcoin miners, has begun work. This was announced by Michael Saylor, the head of the Nasdaq-listed MicroStrategy.<\/p>\n","protected":false},"author":1,"featured_media":44164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1259,1217],"class_list":["post-44163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-ecology","tag-elon-musk"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=44163"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44163\/revisions"}],"predecessor-version":[{"id":44165,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/44163\/revisions\/44165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/44164"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=44163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=44163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=44163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}