How Much Energy Bitcoin Actually Uses | Karim Helmy | The Mining Pod
Channel: Compass Mining
Date: 11/07/2023

Today we are joined by Karim Helmy, an independent researcher. Karim walks us through his novel use of nonce analysis to study the ASIC topography of the Bitcoin network and energy footprint.

https://twitter.com/karimhelpme/status/1668592283871244288

https://coinmetrics.io/special-insights/bitcoin-nonce-analysis

Karim Helmy: https://twitter.com/karimhelpme
Will Foxley: https://twitter.com/wsfoxley

TIMESTAMPS:
00:00 Start
00:47 What is nonce analysis?
03:19 Karim's nonce research
06:29 Why aren't the chips random?
08:10 Why are models showing before their release date?
10:22 Top rigs mining the network
12:56 Antminer dominates the chart
13:57 Energy draw of the network
18:03 Is Cambridge obsolete?
21:02 Data next steps
23:21 Using data to inform purchasing times/prices?
24:31 Charting new machines

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