Bitcoin Mining's Energy Truth REVEALED: Only 0.5% of Global Power | Former Gateway CTO Explains

CypherPunk’d

In this explosive interview with former Gateway CTO and Bitcoin mining expert Bob Burnett, we dive deep into the real story behind Bitcoin's energy consumption. Discover why Bitcoin currently uses less than 0.5% of global electricity and how this could evolve as the network grows.

Key insights:

• Bitcoin network uses ~160 TWh annually vs. 27,000 TWh global consumption

• Mining revenue caps energy growth - currently at $12B annually

• Even with 10-20x growth, Bitcoin would use single-digit % of world's electricity

• Most future growth likely to come from otherwise wasted energy sources

• How stranded energy and grid stability benefit from Bitcoin mining

Bob shares his unique perspective from decades in tech, from developing the world's first laptops to his current role as CEO of Barefoot Mining. Learn why Bitcoin mining is essential for grid management, energy efficiency, and the future of monetary networks.

Connect with Bob:

Twitter: @boomer_BTC

YouTube: Old Man Yells

Website: barefootmining.com

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Disclaimer: The content provided in this video is for informational and educational purposes only and is not intended as financial or investment advice. The views expressed in this video are those of the hosts and guests and do not necessarily reflect the position of CP. Viewers are advised to conduct their own research and due diligence or consult a professional financial advisor before making any investment.

#Bitcoin #Mining #Energy #Cryptocurrency #Tech #Innovation