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Daniel Batten 2y ago

Spent the weekend analysing Cambridge’s bitcoin consumption index CBECI.

Conclusion: was accurate but has lost tune since the China-ban. Now overestimating by around 20%.

Data and pretty charts to come

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Brad Mills 2y ago

This is their latest one, or last years?

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Daniel Batten 2y ago

The latest CBECI version is still overestimating. Especially when bitcoin price goes up it overestimates how many additional low-efficiency machines rejoin the network.

Working behind the scenes to build a better global estimate.

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Brad Mills 2y ago

🙏