4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Bitcoin Mining Costs a Lot

In general, every significant thing costs a lot. Bitcoin is probably there's $25, $30 billion of hardware that's been purchased or capitalized in the network. They burn something like $3, $4, $5 billion a year with electricity to run it. The value of the railroad will scale dramatically by 10x and then by 100x and by 1000x.

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