BITCOIN'S ENERGY VALUE
THE INTRINSIC VALUE OF BITCOIN IN JOULES OF ENERGY
On 13 December 2019, "Bitcoin's Value-Energy Equivalence" was published, identifying an intrinsic link between the market price of Bitcoin and its mining energy input in "Joules".
By combining Bitcoin's hash rate growth and hardware energy efficiency, 80% of all Bitcoin price movements over the last 10 years can be accounted for. With no complex power laws, no fitted exponential equations, simply: Joules X constant.
All data and calculations for Bitcoin's Energy Value are provided freely below: