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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 BITCOIN AND BITCOIN
MINING.









BITCOIN MINING COUNCIL FOUNDING MEMBERS





Click here to view the list of Bitcoin Mining Council Advisory Members






BITCOIN MINING COUNCIL (BMC): FAQS


WHAT IS THE MANDATE OF THE BMC?

The mandate of the Bitcoin Mining Council is to promote transparency, share best
practices, and educate the public on the benefits of Bitcoin and Bitcoin mining.


WHO CAN JOIN?

Any Bitcoin miner with a minimum Hashrate of 500PH can join the council.


WHAT DOES IT MEAN TO BE A MEMBER OF THE BMC?

The BMC’s membership is made up of Bitcoin miners who:

 * Believe that transparency around energy usage for mining is important and
   agree to voluntarily share their energy mix and hashrate size for research
   and educational purposes.
 * Agree to share best practices with fellow miners. 
 * Promote Bitcoin’s core principles and tenets. Namely, that it is a
   decentralized, peer to peer, censorship-resistant and open-source protocol. 


HOW DID THE BMC COME ABOUT AND WHOSE IDEA WAS IT?

Michael Saylor convened a meeting attended by a number of large North American
miners in May 2021 to discuss energy usage related to Bitcoin mining. At that
meeting, the group decided it would be useful to have an open forum where
Bitcoin miners could promote transparency, share best practices, and educate the
public on the benefits of Bitcoin and Bitcoin mining.


WHAT WILL THE BMC DO?

The BMC intends to, among other things, hold a quarterly meetup presenting
trends in Bitcoin mining, partner with leading industry researchers to gather
data and educate the public on Bitcoin mining, and open source best practices
from Bitcoin miners to encourage industry growth


ARE THERE ANY COSTS?

There is no cost to join the BMC. The founding members that helped establish BMC
will assume the onboarding and operating expenses for the first year of
operation. Any excess funding will be given back to Bitcoin core development
through an established organization.


HOW WILL THE BMC WORK, IF BITCOIN IS INHERENTLY DECENTRALIZED?

The BMC is just one part of the larger Bitcoin community. We’re a group of
independent miners working on improving transparency in the mining industry and
sharing best practices. We don’t seek to change the decentralized nature of
Bitcoin or its core principles, but rather are working to raise awareness about
Bitcoin and Bitcoin mining.


WILL THE BMC HAVE ANY TEETH?

The BMC is not designed to have “teeth” or tell anyone what to do – we’re all
trying to contribute and build a decentralised economy. Everyone is an
independent player, but there is always room for conversation and education. The
idea of the BMC is to first and foremost share best practices and to educate the
public about the work that we’re doing.


DO INDIVIDUAL MEMBERS OF THE BMC SPEAK ON BEHALF OF THE COUNCIL?

The statements of individual members don’t represent the council. Each member is
independent and speaks with their own voice.


WITH THE FOUNDING MEMBERS ONLY REPRESENTING A SMALL PERCENTAGE OF GLOBAL
HASHRATE, HOW WILL THE BMC HAVE ANY IMPACT?

You need to start somewhere. We have received an enormous amount of interest
from miners around the world, and expect our membership numbers to grow
quickly.  However, this is voluntary, and only miners who believe in the BMC’s
mandate should join.


HOW DOES THE BMC THINK ABOUT BITCOIN'S ENERGY USAGE?

The BMC believes that Bitcoin’s energy usage is a feature, not a bug, and
provides tremendous network security. By providing a voluntary disclosure forum,
miners can decide to share their energy sources, in hopes of promoting
transparency.


HOW AND WHY IS MICHAEL SAYLOR INVOLVED?

Michael Saylor convened the first meeting attended by a number of large North
American miners in late May 2021. He is a key member of the BMC, both as a
facilitator and Bitcoin supporter.


IS ELON MUSK INVOLVED WITH THE BMC? WHAT IS HIS ROLE?

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.







BMC PRESS RELEASES AND RESOURCES



Bitcoin mining hashrate increased by 70% YoY in H1 2023, while sustainable power
increased by 1%
Bitcoin Mining Council Briefing Update
Bitcoin mining hashrate increased by 45% YoY in Q4 2022, while sustainable power
increased by 1%
Bitcoin Mining Council Survey Confirms Year on Year Improvements in Sustainable
Power Mix and Technological Efficiency in Q3 2022
Bitcoin mining electricity mix increased to 59.5% sustainable in Q2 2022
Letter from the Bitcoin Community to the Environmental Protection Agency
Bitcoin Mining Council Survey Confirms Year on Year Improvements in Sustainable
Power Mix and Technological Efficiency (Q1 2022)
Bitcoin Mining Council Survey Confirms Improvements in Sustainable Power Mix and
Technological Efficiency (Q4 2021)
Bitcoin Mining Council Survey Confirms Sustainable Power Mix (October 2021)
Bitcoin Mining Council Survey Confirms Sustainable Power Mix (July 2021)
Global Bitcoin Mining Data Review - H1 2023
Global Bitcoin Mining Data Review - Q4 2022
Global Bitcoin Mining Data Review - Q3 2022
Global Bitcoin Mining Data Review - Q2 2022
Global Bitcoin Mining Data Review - Q1 2022
Global Bitcoin Mining Data Review - Q4 2021
Analyse Des Données Mondiales Minage De Bitcoin - T4 - 2021
Global Bitcoin Mining Data Review - Q3 2021
Global Bitcoin Mining Data Review - Q2 2021





BITCOIN MINING COUNCIL PRIVACY POLICY






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