The Held Report

The Held Report

How Bitcoin Mining Works

Dan Held's avatar
Dan Held
Jul 23, 2021
∙ Paid
20
Share

[Q&A is available via replying to this e-mail OR commenting on Substack]
[I listened to this song while writing]

Background

For Bitcoin’s entire existence there have been complaints that it is “wasteful” or uses too much energy.

This couldn’t be farther from the truth:

  • It is far more efficient than existing financial systems.

  • No one has the moral authorit…

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 Dan Held
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture