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The Real Cost of Bitcoin Mining

The Real Cost of Bitcoin Mining

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📍 From the Book: Fools’ Digital Gold
Chapter 11 — The Electricity Vampire
Mining myths, greenwashing, and Michael Saylor’s delusion.

What happens when you build an entire financial system on wasting energy — and then pretend that’s a virtue?

This episode covers:

  • 🔌 Proof-of-Work as a deliberate inefficiency

  • 🛢️ The fossil fuel reality behind Bitcoin’s energy mix

  • 🧛 Michael Saylor’s vampire logic and the PR illusion of the Bitcoin Mining Council

  • 🗑️ The massive electronic waste no one wants to talk about

  • 💥 Why Ethereum moved on — and Bitcoin refuses to

  • 🧠 The cult-like resistance to change, and what it reveals

This isn’t theory. It’s documented. Cited. Broken down step by step in the podcast.

💬 Created via the LLM Notebook
This episode was drafted, dissected, and refined using my research notebook + large language model tools — part of the experiment behind Fools’ Digital Gold. Every stat, claim, and sentence was mapped, sourced, and questioned.

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