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Entrepreneurs in developing countries report that unreliable electricity imposes a serious constraint, yet little …
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Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that … cryptominers' use of local electricity implies higher prices for existing small businesses and households. Studying the electricity … estimate that small businesses and households have a negative elasticity to the instrumented price of electricity, with …
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Cryptomining, the clearing of cryptocurrency transactions, uses large quantities of electricity. We document that … cryptominers' use of local electricity implies higher electricity prices for existing small businesses and households. Studying the … electricity market in Upstate NY and using the Bitcoin price as an exogenous shifter of the part of the supply curve faced by the …
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