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\begin{enumerate}
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\begin{enumerate}
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\item{Enverus}
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\item{Enverus}
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\begin{itemize}
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\begin{itemize}
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\item{US Well Data}
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\item{U.S. Well Data}
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\item{Gas hookup Company}
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\item{Gas Hookup Company}
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\item{SPUD date}
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\item{SPUD Date}
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\end{itemize}
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\end{itemize}
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\item{Energy Information Administrations}
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\item{Energy Information Administrations}
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\begin{itemize}
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\begin{itemize}
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@ -23,7 +23,7 @@
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\newline
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\newline
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\(Revenue=\text{Total Reward}\cdot \frac{\text{Tickets Owned}}{\text{All Tickets}}\)
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\(Revenue=\text{Total Reward}\cdot \frac{\text{Tickets Owned}}{\text{All Tickets}}\)
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\newline
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\newline
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\(Costs=\text{Electricity used}\cdot\text{Price of Electricity}\)
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\(Costs=\text{Electricity Used}\cdot\text{Price of Electricity}\)
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\newline
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\newline
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\(\text{Tickets Owned}=f(\text{Computer Output},\text{Electricity Used})\)
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\(\text{Tickets Owned}=f(\text{Computer Output},\text{Electricity Used})\)
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\newline
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\newline
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@ -13,5 +13,5 @@ Where \(R_{i,t}\) is the revenue of miner \(i\in I\), at time t. \(q_{i}\) is th
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\%\Delta R=\%\Delta P_{btc}(1-\epsilon)
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\%\Delta R=\%\Delta P_{btc}(1-\epsilon)
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\end{align*}
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\end{align*}
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\end{block}
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\end{block}
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If the Bitcoin price elasticity of hash \(\epsilon\) is elastic, than a decrease in price will \textbf{\emph{increase}} revenue, for low marginal cost producers.
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If the Bitcoin price elasticity of hash \(\epsilon\) is elastic, than a decrease in price will \textbf{\emph{increase}} revenue for low marginal cost producers.
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\end{frame}
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\end{frame}
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@ -17,7 +17,7 @@
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Where \(Q_{O,b,t}\) is the net present oil produced in a basin state pair b, at time t, \(P_{WTI}\) is the West Texas Intermediate futures price, \(P_{HH}\) is the futures price of the Henry Hub spot market, \(\theta_{t}\) is a month dummy, and \(\gamma_{b,t}\) is a variable that represents the amount of monetary damage from natural disasters.\newline
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Where \(Q_{O,b,t}\) is the net present oil produced in a basin state pair b, at time t, \(P_{WTI}\) is the West Texas Intermediate futures price, \(P_{HH}\) is the futures price of the Henry Hub spot market, \(\theta_{t}\) is a month dummy, and \(\gamma_{b,t}\) is a variable that represents the amount of monetary damage from natural disasters.\newline
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\textbf{2SLS is used, with instruments of:}
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\textbf{Two-stage Least Square is used, with instruments of:}
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\begin{enumerate}
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\begin{enumerate}
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\item{VAR model residuals of oil refinery volumes, and gas storage}
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\item{VAR model residuals of oil refinery volumes, and gas storage}
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\item{Regional population weighted cooling and heating degree days}
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\item{Regional population weighted cooling and heating degree days}
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@ -5,7 +5,7 @@
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\column{.5\textwidth}
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\column{.5\textwidth}
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\tiny
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\tiny
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\input{tables/reg.tex}\footnote{Year/Month fixed effects omited}\footnote{All reported values are logged}\footnote{Single stage preliminary results do not cite}
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\input{tables/reg.tex}\footnote{Year/Month fixed effects omitted}\footnote{All reported values are logged}\footnote{Single stage preliminary results do not cite}
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\column{.5\textwidth} % Left column and width
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\column{.5\textwidth} % Left column and width
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\normalsize
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\normalsize
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@ -26,19 +26,22 @@
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\end{columns}
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\end{columns}
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\end{frame}
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\end{frame}
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\begin{frame}{Intial Estimates}
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\begin{frame}{Initial Estimates}
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Nation wide the average subsidy equavalient is estiamted to be 0.98\%
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The nation wide average subsidy equivalent is estimated to be 0.98\%
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\newline
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\newline
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\textbf{United State}
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\newline
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\textbf{United States}
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\begin{itemize}
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\begin{itemize}
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\item{\(\Delta Q_{US}\approx 0.18\%\)}
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\item{\(\Delta Q_{US}\approx 0.18\%\)}
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\end{itemize}
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\end{itemize}
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Wyoming subsidy equvalent is estiamted to be 2.13\%. Elasticty estimates in Wyoming range from 0.61 to 0.73 .
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\
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\newline
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\newline
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\textbf{Wyoming}
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\textbf{Wyoming}
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\begin{itemize}
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\begin{itemize}
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\item{\(\Delta Q_{Wy}\approx 1.43\%\)}
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\item{\(\Delta Q_{Wy}\approx 1.43\%\)}
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\end{itemize}
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\end{itemize}
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Wyoming subsidy equivalent is estimated to be 2.13\%. Elasticity estimates in Wyoming range from 0.61 to 0.73 .
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\end{frame}
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\end{frame}
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