The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides an up-to-date estimate of the Bitcoin network’s daily electricity load. The underlying techno-economic model is based on a bottom-up approach initially developed by Marc Bevand in 2017 that uses the profitability threshold of different types of mining equipment as the starting point.
June 2022 Bitcoin is down almost 70% from its all time high so maybe it’s a good time to zoom out …
This is why Satoshi chose to build a system with an unchanging soul. This is why the rules have been “set in stone” since day one. (Post with Frederich Hayek’s famous 1984 video).
Visualize Bitcoin blocks being build in real time. Kind of hard to describe how amazing and beautiful this project is. You have to see for yourself!
Two of my favorite Bitcoin people: Gigi and Preston Pysh. From Preston’s Bitcoin Fundamentals podcast, get a flavor of how these two minds work.
I find everything that comes from Gigi absolutely great and Peter McCormack is a laid back interviewer, so you might like to check this out at Pete’s What Bitcoin Did show.
Don’t sell your Bitcoin
Gigi’s introduction to his 21 Ways to Look at Bitcoin project. “Bitcoin is different things to different people”. The first time I’ve heard this sentence, I immediately realized its profound truth. How you look at Bitcoin – and how you understand and describe it – depends largely on your view of the world …
From Gigi’s 21 Ways Project. “Above all, Bitcoin is paradoxical. It is simple yet complicated, ever-changing yet unchangeable. A novel machine without any novel parts; a technological innovation that isn’t really about technology. You can’t touch it, yet it is hard money. You can’t see it, yet it will show you a vision of the future …