Bitcoin Mining Council

The Bitcoin Mining Council is a voluntary and open forum dedicated to promoting transparency and sharing best practices in the world of Bitcoin mining. As a brand, their mission is to educate the public about the benefits of Bitcoin and Bitcoin mining. The council believes that Bitcoin's energy usage is a feature, not a bug, providing tremendous network security. By creating a voluntary disclosure forum, they aim to encourage miners to share information about their energy sources, thereby promoting transparency within the industry.

Membership in the Bitcoin Mining Council is open to any Bitcoin miner with a minimum Hashrate of 500PH, who shares the council's commitment to transparency, best practices, and Bitcoin's core principles. The council operates as part of the larger Bitcoin community and does not seek to change the decentralized nature of Bitcoin or its core principles. Instead, it aims to raise awareness about Bitcoin and mining and foster conversation and education within the industry.

The council plans to hold quarterly meetups, collaborate with industry researchers, and open-source best practices to encourage the growth of the Bitcoin mining industry. Membership in the council is free, and the founding members have assumed the onboarding and operating expenses for the first year. Any excess funding will be directed towards Bitcoin core development through an established organization.

While the founding members represent only a small percentage of global hashrate, the council has received significant interest from miners worldwide and anticipates rapid membership growth. This growth, however, is voluntary, and only miners who resonate with the council's mandate should join. The council's statements are not collectively representative, as each member speaks with their own voice.

Neither Michael Saylor nor Elon Musk hold roles in the Bitcoin Mining Council, although Michael Saylor was a key facilitator in its formation. The council provides a platform for open conversation and education, emphasizing the importance of best practices and raising awareness about Bitcoin and Bitcoin mining. Through their initiatives and the participation of industry stakeholders, the council aims to improve transparency, promote sustainable power usage, and contribute to the decentralized economy of Bitcoin.