Fantazzini, Dean; Kolodin, Nikita - In: Journal of Risk and Financial Management 13 (2020) 11, pp. 1-29
This paper investigates the relationship between the bitcoin price and the hashrate by disentangling the effects of the … energy efficiency of the bitcoin mining equipment, bitcoin halving, and of structural breaks on the price dynamics. For this … bitcoin price to the hashrate (or its proxies), with lags ranging from one week up to six weeks later. These findings are …