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The Bitcoin & Its Blockchain Relation in Charts

[Scroll Down For The Chart]

Take it easy on this sub-charts visualization: It was just chart training.

Anyway, I always say that if you have to study something, try to practice it, try to make it real and transform the empirical conclusion into practical conclusions.


Here's the key take-away from this multi-chart visualization, with a matrix type of referencing:

{1° [Number] ,n=row | 2° [Number], m=columns}


[1,1]: Total number of circulating BTC is slowing, as we approach the 21 Mln limit.


[1,2]: A Simple price chart that can make us understand how much the market price evolved. You can also see that BTC is in a bear market trend.


[1,3]: By the rolling median z-score you can understand that the max move of transaction USD fees, from its standard deviation, was about 2σ.


[2,1]: Public Transaction Volume was about 21.056.800 on the first public transaction day, and about 27.055.803.928 on 21/12/2021.


[2,2]: With a skewness of -0.1589, and a kurtosis of 7.31, the daily change distribution implies a strong tail risk.


[2,3]: Here you can see that with 202.34 Tw/h annualized consumption, the electric Energy consumption equals Thailand, the Electronic waste equals Netherlands and the Carbon footprint equals Uzbekistan.


[3,1]: Always talking about electric energy consumption, we can see that BTC is the 26th global source of consumption, more than countries like Thailand, Poland or Egypt, with 69.8 Mln, 37.95 Mln, 102.3 Mln registered population.


[3,2]: Annualized Volume Volatility touched an all time low between 2019-2020, and from the first months of 2020, started to rise again touching a local max value in 2021, followed by a strong lowering for the rest of the year .


[3,3]: The mempool, where all valid transactions wait to be confirmed by the Bitcoin network, followed a continuing descendent trend since 2016 all time highs.


[4,1]: 20.522.399, so the 51.47% of total publicly registered addresses holds from approximately 0 to 0.001 Bitcoins. There are only 3 registered addresses who hold from 100.000 to 1.000.000 BTC.


[4,2]: Power demand stabilized through time, the chart shows the yearly rolling max and min value change. So the Power Demands Max Estimated Value change and the min ones, measured in GW are constantly moving near to 0%.


[4,3]: Bitcoin monthly electricity consumption in Tw/h has constantly increased, mainly because the network difficulty increased exponentially reaching 24.195T confirmed blocks data in the Bitcoin network.


[5,1]: Analyzing the Blockchain Explorer Data, the 0.4% of Accounts holds the 85% of total coins.


[5,2]: 47.8% of total registered (estimated) hash rate per mining pools are from an Unknown source, so 3 times more than the second source, which isF2Pool.


[5,3]: The median rolling block size in the 24h time window reached 1.206 MB, while the average BTC block size on 22/12/2021 reached 643.247 Kb which is 9 times the ETH's one (68697). The block size is simply the maximum limit a block can be filled up with transactions.

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Disclaimer:

This post was prepared by Andrea Manzi in his personal capacity.

The opinions expressed in this article are the author's own and do not reflect the view of the company or the university. Website and the information contained here are not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice.





 
 
 

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