Abstract
In this paper we investigate the behavior of miners, in terms of which type of hardware they use, based on publicly-available macro-scale data of Bitcoin. We provide a model for the market share of mining hardware, which is then used to estimate the energy consumption, the distribution of electricity price among Bitcoin miners, and the total investment in the backbone of the Bitcoin network.
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Eghbali, A., Wattenhofer, R. (2019). 12 Angry Miners. In: Pérez-Solà, C., Navarro-Arribas, G., Biryukov, A., Garcia-Alfaro, J. (eds) Data Privacy Management, Cryptocurrencies and Blockchain Technology. DPM CBT 2019 2019. Lecture Notes in Computer Science(), vol 11737. Springer, Cham. https://doi.org/10.1007/978-3-030-31500-9_25
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DOI: https://doi.org/10.1007/978-3-030-31500-9_25
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