NOTE: The methodology and underlying figures (specifically, emission rates for gold and banking) mentioned throughout are generally derived from my 2014 & 2018 works. The 2018 works is available as an easier to digest 10-part medium series, here)

Bitcoin’s energy consumption and environmental impact is something that is commented on…

Original Presentation of Framework from November 2019

People hate Bitcoin analogies. But Bitcoin is so hard to understand for so many, concessions need to be made.

VCs are a group of people demonized in the Bitcoin industry for not understanding Bitcoin’s value proposition. …

As always, we commence by sending thanks and good tidings to Satoshi Nakamoto — The Creator and First of the Believers, General of the Byzantines, Breaker of Banks and Fighter of Fiat — and to Hal Finney and The Apostles and The Disciples thereafter, and to The Stoic and Patient…

Wednesday, January 3rd, 2029

It is the year 2029, and Bitcoin is finally no longer a teenager. The price has reached another new high of $420,000, climbing in a surprisingly stable fashion since the 2020 halving. Bitcoin’s market cap exceeds that of gold, and almost 10% of the World’s 6…

To understand how to quantify the cost and sustainability of Bitcoin, we must understand what makes a miner tick. The following is a 4-layers deep, overly-simplified, intro to Bitcoin Mining Economics and miner decision-making. …

In my recent 10-part article series study on The Cost & Sustainability of Bitcoin, I opened with a piece on what my personal interpretation of “Energy” was so that I could set a context for my study. You could also take it as assumed reading (or watching on YouTube on…

All data used in this piece is as at Block 556,416 mined on 31 December 2018 (EoY), the 276th Difficulty Change. Network Difficulty was roughly 5.6 trillion. Hash Rate was roughly 40.22 EH/s. Price on the Bitfinex exchange was roughly USD$3,900. …

The bell-curve is a beautiful thing and generally reflects “the natural order of things” in Life and Nature. Most of the population gather around the mean, with fewer on either side. Individuals move closer to, or further away from the mean due to natural factors. …

Updated 4/12/2018

According to https://diff.cryptothis.com/, we are on track for a 14%+ drop in Network Difficulty this difficulty epoch.

This will the biggest drop in difficulty since November 1, 2011–7 years ago. That particular drop was 18%, the largest in history. The preceding difficulty epoch saw what was the largest…

Hass McCook

Bitcoin Evangelist. BEng MEngSc MBA

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