3min chapter

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

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Bitcoin's Energy Consumption in 2022

In 2017, the World Economic Forum posted an article that said by 2020, the Bitcoin mining could consume the same amount of electricity every year as is currently used by the entire world. That calculation was grossly misstated, but that doesn't stop other experts from still stating such salacious headlines right now we're seeing in 2022. I think what they're missing is that the efficiency that the network is improving with Moore's law exponentially.

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