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Alex Gladstein: "Debt Colonialism, The Petrodollar, and Bitcoin"

The Great Simplification with Nate Hagens

CHAPTER

How Much Energy Does It Take to Mine Bitcoin?

Moody: Mining is the act of expending electricity, feeding it to the Bitcoin network. He says miners get paid in two ways - a block subsidy and then they also get paid fees. Moody: Over time, the fee market will be what drives Bitcoin rather than the mining market. "It's just computers that are specialized these days called a six to, to guess numbers"

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