The Held Report

The Held Report

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The Held Report
The Held Report
How Bitcoin Mining Works
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How Bitcoin Mining Works

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Dan Held
Jul 23, 2021
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The Held Report
The Held Report
How Bitcoin Mining Works
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[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…

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