Fantazzini, Dean; Kolodin, Nikita - In: Journal of risk and financial management : JRFM 13 (2020) 11/263, 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 … purpose, we propose a methodology based on exponential smoothing to model the dynamics of the Bitcoin network energy …