Drawing Bitcoin
One of the first challenges of this project was to understand and establish a scale for drawing blocks. I wanted to represent them at a scale and detail with high resolution that allowed them to be unique and comparable.
I wanted to express each transaction within a block and log scale emerged as one of the only ways to draw data with such wide ranges without too much abstraction.
Re-sized 1 btc to 150mm
this works nicely for now for the first 1,000,000 blocks at a 700 x 700 canvas size
First drawing captures the first 4 halving blocks as a comparative study;
210000 - 2012.11.28
420000 - 2016.07.09
630000 - 2020.05.11
840000 – 2024.02.20
The drawing shows an expected pull of transactions towards the centre as the mining reward decreases and the btc price surges.
Second drawing shows the mining reward as a layer on top showing the relationship between transaction ranges and reward.
