OPEN-SOURCE SCRIPT
BlackMEX - Production Cost
Bitcoin's Value as determined by Joules of energy input only
Calculations per Medium article EV = (Energy-in) / (Supply Growth Rate) * (Fiat Factor)
Historic Energy Efficiency data can only be entered monthly due to processing speed constraints of below data load and should be considred an estimate only.
Energy Efficiency Data requires manual updating. Currently accurate as of 28 December 2019
Bitcoin Production Cost
Cambridge Bitcoin Electricity Consumption Index (CBECI) - Bitcoin's global electricity consumption in TwH.
NB: Uses MONTHLY averages of raw data from CBECI. TV script run-time is too slow with Daily/Weekly data here.
This requires manual updating once a month for ongoing accuracy.
Calculations per Medium article EV = (Energy-in) / (Supply Growth Rate) * (Fiat Factor)
Historic Energy Efficiency data can only be entered monthly due to processing speed constraints of below data load and should be considred an estimate only.
Energy Efficiency Data requires manual updating. Currently accurate as of 28 December 2019
Bitcoin Production Cost
Cambridge Bitcoin Electricity Consumption Index (CBECI) - Bitcoin's global electricity consumption in TwH.
NB: Uses MONTHLY averages of raw data from CBECI. TV script run-time is too slow with Daily/Weekly data here.
This requires manual updating once a month for ongoing accuracy.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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