AUSTIN, Texas, June 10, 2021 /PRNewswire/ — Blockcap, Inc. (“Blockcap”), considered one of North America’s largest blockchain expertise firms, right this moment introduced it has joined the Bitcoin Mining Council (BMC). This voluntary discussion board goals to supply academic sources, transparency and finest practices concerning bitcoin mining and the various advantages the Bitcoin community gives to customers globally.
As one of many largest bitcoin mining operations in the United States, Blockcap is a founding member of the BMC, alongside Argo Blockchain, Core Scientific, Hive, Hut8, Marathon Digital Holdings, Microstrategy, Riot and Galaxy Digital. The BMC is open to any and all entities concerned in bitcoin mining.
Blockcap is dedicated to sustainable mining by sustaining a 100 % carbon-neutral footprint and 56 % renewable power utilization in its US-based amenities. In an announcement, Blockcap’s CEO, Executive Chairman and founder, Darin Feinstein, lauded the BMC’s creation and emphasised that its members are dedicated to adhering to the foundational rules of the Bitcoin Network, together with selling decentralization and international monetary inclusion.
“Blockcap is proud to join this voluntary effort by top firms in the digital asset technology space to raise awareness of the benefits of the Bitcoin Network and the opportunity it creates for almost eight billion individuals to have access to property rights in what amounts to financial autonomy,” Feinstein stated. “Our aim is to educate people about the virtues of this groundbreaking technology as a tool for financial inclusion on a truly global level. As part of our mission, the Council will focus on supporting the free flow of accurate information about the Bitcoin network as it relates to many of the incorrect narratives that continue to be spread by various industries and parties. The most important takeaway is that this is the first time in the history of humanity when we have had a user-centric, decentralized financial and accounting network, and the people need to know it exists and how they can access it.”
The BMC’s creation final month adopted a collection of casual conversations between varied impartial miners and Microstrategy CEO and bitcoin supporter Michael Saylor. The Council plans on holding quarterly conferences the place it is going to current the traits in bitcoin mining, collect knowledge to coach the general public and open-source the very best practices for the sustainable progress of the business. Additional details about the council could be discovered on its website.
Blockcap, Inc. (the “Company” or “Blockcap”) headquartered in Austin, Texas, was based by blockchain business veterans which were within the house for almost a decade. The Blockcap mining division operates one of many world’s largest bitcoin mining operations, accounting for almost 1 % of all of the Bitcoin community transactions. In addition to mining operations, the corporate operates two different divisions – digital treasury property and enterprise investments. Blockcap’s mining fleet at present makes use of Core Scientific’s best-in-class co-location mining amenities based mostly in the United States.
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