Ninjastic
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Board Mining speculation
Re: Projected Minimum Cost per BTC over the next year
by
keystroke
on 29/03/2016, 12:29:00 UTC
Quote from: World on March 16, 2016, 02:13:41 PM
Energy Eaten By Bitcoin and what it mean for price by @bitcoin3000
https://www.youtube.com/watch?v=9_owNVdYZlg

I estimate/calculate the market cap-to-TEEBB ratio and graph it over time in order to gain new insights into the historical, current, and future values of bitcoin.

data: https://docs.google.com/spreadsheets/d/1kesn0wWxE5NvQUz4QE5h8SVrpNeqNJIHqxUM3cakHaw/edit#gid=0

graph 1: https://plot.ly/~bitcoin3000/235/market-cap-vs-total-energy-eaten-by-bitcoin-with-estimated-mining-efficiency/

graph 2: https://plot.ly/~bitcoin3000/234/market-cap-to-teebb-ratio/

Very interesting analysis. Have you considered updating your model with more accurate numbers for electricity cost?