Post
Topic
Board Bitcoin Discussion
Re: Cambridge Bitcoin Electricity Consumption Index - The impact of BTC in the World
by
BurtW
on 03/03/2021, 12:11:45 UTC
Your calculations are straightforward, but the usage is not proportional to the price of a bitcoin because the price of electricity is not inelastic. As the usage goes up, the cost of electricity will increase more quickly.

BTW, you can do exponents like this: 2e

Agreed.  That is why I said "trend to" perhaps "try to use" that much power would be better since, as you point out, prices would adjust.

Thanks.  Fixed the typos in all my exponents.