How Does Mining Bitcoin Affect Economics Papers

Last Updated on January 8, 2023 by Paganoto

Modeling and Simulation of the Economics of Mining in … – NCBI

by L Cocco · 2016 · Cited by 81 — Miners are in the Bitcoin market aiming to generate wealth by gaining Bitcoins. At the initial time, the simulated Bitcoin network is calibrated …

The Economics of Cryptocurrencies – Bitcoin and Beyond

by J Chiu · Cited by 305 — Bitcoin uses both currency growth and transaction fees to generate rewards for mining. In its current form, the cryptocurrency reward structure is too generous …

The Economics of Cryptocurrencies—Bitcoin and Beyond

by J Chiu · 2019 · Cited by 305 — We find that it is optimal to use seignorage rather than transaction fees to finance costly mining. We estimate that Bitcoin generates a large welfare loss that …

From Hotelling to Nakamoto: The Economics of Bitcoin Mining

by M DAI · 2021 · Cited by 3 — We propose a unified dynamic framework to study the economics of the supply side of bitcoin mining, such as endogenous transaction fees, the miners’ …

The Economic and Environmental Impact of Bitcoin

by L Badea · 2021 · Cited by 24 — Dyhrberg argues that Bitcoin is somewhere between a currency and a commodity, due to its decentralized nature and limited market size, which …

Is Bitcoin Mining Profitable? – Investopedia

Bitcoin mining profitability is affected by the costs of equipment and electricity, the difficulty associated with mining, and the market value …

The Political Geography and Environmental Impacts of …

by H Samford · Cited by 2 — Indeed, anywhere that cryptocurrency mining is dependent on dirty energy sources, such as coal, the environmental impacts are markedly …

The Cost of Bitcoin Mining Has Never Really Increased

by YD Song · 2020 · Cited by 14 — The Bitcoin network is burning a large amount of energy for mining. In this paper, we estimate the lower bound for the global mining energy …

Bitcoin in the economics and finance literature: a survey

by P Kayal · 2021 · Cited by 12 — An older study by Houy (2014) analyses the economics of Bitcoin transaction fees and finds that efficiency is enhanced by implementing …

(PDF) The Economic and Environmental Impact of Bitcoin

The findings suggest that, despite high energy consumption and adverse environmental impact, Bitcoin continues to be an instrument used in the economic …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.