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| Multifactor productivity mining bitcoins | RQ1: What is the sensitivity of BTC mining profitability to initial assumptions and future trajectories of main parameters? The long period of negative mining profitability motivates part of the miners to disconnect from the network thus pushing the network hash rate down until the mining is profitable again. We can observe that such positive relations generally exist in the long term years but are not always very strong in the short term months. But when demand drops during some part of the day, or as heavy industry leaves a region, these non-fossil sources of power cannot drop their production as well, and consequently, prices fall. This file contains the necessary data to reproduce the results presented in the study. |
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