BTCMeansFreedom4All on Nostr: What is Bitcoin's base average growth rate? Part 2: Tracking Hashrate growth. Between ...
What is Bitcoin's base average
growth rate?
Part 2: Tracking Hashrate growth.
Between Nov 2018 and Nov 2024 the hashrate of the mining network grew from 46.5 Million TH to 702 Million TH. That's a growth of 15.1 times. This is only 6 years of growth.
Expressed as an annual growth rate, that's 57.2% or 1.572^X.
The hashrate is not a direct measure of value however, as the efficiency of mining hardware grows over time and reduces the relative value of each hash.
Continued in Part 3: Miner hashrate efficiency growth.
growth rate?
Part 2: Tracking Hashrate growth.
Between Nov 2018 and Nov 2024 the hashrate of the mining network grew from 46.5 Million TH to 702 Million TH. That's a growth of 15.1 times. This is only 6 years of growth.
Expressed as an annual growth rate, that's 57.2% or 1.572^X.
The hashrate is not a direct measure of value however, as the efficiency of mining hardware grows over time and reduces the relative value of each hash.
Continued in Part 3: Miner hashrate efficiency growth.
quoting note15fu…3tjjWhat is Bitcoin's base average growth rate?
Part 1: Tracking FIAT Debasement.
USD FIAT debasement occurs at a rate of 6.8% a year on average for at least the last 50 years. Since the supply grows at that rate, the amount of dollars representing everything must go up by 6.8% more than they would if the dollar supply was static. This is real inflation, the CPI is propaganda.
So Bitcoin must grow at a rate of 1.068^X (or more) JUST to measure the exponentially growing quantity of dollars over time and nothing else.
Continued in Part 2: Tracking Hashrate Growth.