Select Page

Elon Musk Not Featured in the Bitcoin Mining Council

Elon Musk Not Featured in the Bitcoin Mining Council
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.

The Bitcoin Mining Council was unveiled yesterday following a successful meeting involving energy-conscious US Bitcoin mining entities.

Tesla’s chief Elon Musk has no formal role in the recently unveiled Bitcoin Mining Council (BMC) despite having a hand in its formation. The DOGE fan-cum-influencer has made headlines in the last few weeks as some crypto community members have accused him of manipulating Bitcoin prices.

“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.”

Musk has been very active on Twitter, posting tweets that a faction of crypto users say have had a demeaning influence on cryptocurrency. His social media activity has angered some crypto investors who will likely be glad about his exclusion from the BMC. Meanwhile, billionaire entrepreneur Michael Saylor has been confirmed as a key member and will thus be involved in the Council’s operation.

Saylor, chief executive of MicroStrategy, has similarly been a popular figure in the crypto sector. His company has invested millions of dollars in the flagship cryptocurrency since last year. Recent reports indicate that the firm has a stash of 92,079 Bitcoins translating to about $3 billion at current prices.

Earlier this week, Reuters reported that the enterprise software company was looking to offer $500 million in bonds. MicroStrategy is said to be intent on investing in Bitcoin using the proceeds.

Regarding the Council, the business executive wrote, “The Bitcoin Mining Council is a voluntary and open forum of Bitcoin miners committed to the network and its core principles.” It is tasked with advocating for energy usage transparency and, to some extent, raising awareness on Bitcoin and its mining. Saylor also invited interested parties to join in the message that appears on the Council’s official website.

The unveiling of the Council comes as concerns about the impact of Bitcoin mining on the environment grew. Last month, electric vehicle automaker Tesla announced it was reversing its decision to accept Bitcoin as payment for its EVs, citing environmental issues. The announcement then brought about chaos in the crypto market. Many regions, including China, have since taken similar stances.


Several authorities and high profile figures have recently touched on the subject that has put the future of crypto up in the air. US Senator Elizabeth Warren appeared before the Senate Banking Committee on Wednesday and vilified cryptocurrencies saying they had a bad impact on the environment.

The post Elon Musk Not Featured in the Bitcoin Mining Council appeared first on Coin Journal.


Source: Coin Journal


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here



Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber