From 3bc7a4418c87b258139917d732c6080567e82bb5 Mon Sep 17 00:00:00 2001 From: alex Date: Tue, 1 Nov 2022 15:37:36 -0600 Subject: [PATCH] Made basic improvements and edits --- Bitcoin/Bitcoin_and_Oil.tex | 2 +- Bitcoin/Sections/About_me.tex | 6 +++--- Bitcoin/Sections/Background.tex | 1 + Bitcoin/Sections/Diagram.tex | 2 +- Bitcoin/Sections/Mining_Model.tex | 25 ++++++++++++++++++++++++- Bitcoin/Sections/Mining_elast.tex | 2 +- Bitcoin/Sections/bib.tex | 4 ++-- 7 files changed, 33 insertions(+), 9 deletions(-) diff --git a/Bitcoin/Bitcoin_and_Oil.tex b/Bitcoin/Bitcoin_and_Oil.tex index 894d343..83bb2a4 100644 --- a/Bitcoin/Bitcoin_and_Oil.tex +++ b/Bitcoin/Bitcoin_and_Oil.tex @@ -3,6 +3,7 @@ %---------------------------------------------------------------------------------------- \documentclass[aspectratio=169,xcolor=dvipsnames]{beamer} \usetheme{SimpleDarkBlue} \usepackage{hyperref} \usepackage{graphicx} % Allows including images +\usepackage{adjustbox} \usepackage{framed} \usepackage{tikz} \usepackage{inputenc} @@ -12,7 +13,6 @@ \usepackage{amssymb} \usepackage{booktabs} % Allows the use of \toprule, \midrule and \bottomrule in tables \usepackage{textpos} -%{\includegraphics[width=\paperwidth,height=\paperheight,keepaspectratio]{./img/Mines_background1.pdf}} %---------------------------------------------------------------------------------------- % TITLE PAGE diff --git a/Bitcoin/Sections/About_me.tex b/Bitcoin/Sections/About_me.tex index 091a807..d018ace 100644 --- a/Bitcoin/Sections/About_me.tex +++ b/Bitcoin/Sections/About_me.tex @@ -6,7 +6,7 @@ \begin{itemize} \item PhD candidate in Mineral and Energy Economics at CSM \item Petroleum Engineering B.S - \item Worked as a Data analysit for oil companies + \item Worked as a data analyst for oil companies \end{itemize} \textbf{Personal} \begin{itemize} @@ -29,11 +29,11 @@ Cutbow caught at Rocky Mountain National park \column{.45\textwidth} % Left column and width \textbf{Previous Topics of Research} \begin{itemize} - \item{Ground water with USDA grant} + \item{Ground water with USDA grant\footnote{(loos et al.,2022)}} \item{Critical materials} \item{Wind energy (economics and engineering)} \item{CGE and electricty grids} - \item{Instituional economics in resource Management} + \item{Instituional economics in resource management} \end{itemize} \column{.5\textwidth} % Right column and width diff --git a/Bitcoin/Sections/Background.tex b/Bitcoin/Sections/Background.tex index a08411d..ddf654a 100644 --- a/Bitcoin/Sections/Background.tex +++ b/Bitcoin/Sections/Background.tex @@ -52,6 +52,7 @@ \end{itemize} \column{.5\textwidth} % Right column and width + Percentage of US Flaring by State \includegraphics[width=\columnwidth,height=\textheight,keepaspectratio]{./img/flared.jpeg} Filler: Include heat map of US flaring diff --git a/Bitcoin/Sections/Diagram.tex b/Bitcoin/Sections/Diagram.tex index 5b981e4..a0bc722 100644 --- a/Bitcoin/Sections/Diagram.tex +++ b/Bitcoin/Sections/Diagram.tex @@ -2,7 +2,7 @@ \tikzstyle{market} = [rectangle, rounded corners, text centered,draw=black,fill=orange!30,minimum width=3cm,minimum height=1cm] \tikzstyle{inputmarket} = [rectangle, rounded corners, text centered,draw=black,fill=green!30,minimum width=3cm,minimum height=1cm] \tikzstyle{output} = [rectangle, rounded corners, text centered,draw=black,fill=blue!30,minimum width=3cm,minimum height=1cm] -\tikzstyle{both} = [rectangle, text centered,draw=blue,fill=red!30,minimum width=3cm,minimum height=1cm] +\tikzstyle{both} = [rectangle, text centered,draw=black,fill=red!30,minimum width=3cm,minimum height=1cm] \tikzstyle{input} = [rectangle, text centered,draw=black,fill=blue!30] \tikzstyle{arrow} = [thick,dash dot, ->,>=stealth] \tikzstyle{arrowsolid} = [thick, ->,>=stealth] diff --git a/Bitcoin/Sections/Mining_Model.tex b/Bitcoin/Sections/Mining_Model.tex index 59c59bf..34a4e4d 100644 --- a/Bitcoin/Sections/Mining_Model.tex +++ b/Bitcoin/Sections/Mining_Model.tex @@ -1,5 +1,28 @@ \begin{frame}{Bitcoin Mining Market Structure} \begin{center} - \includegraphics[width=\textwidth,height=0.8\textheight,keepaspectratio]{./img/SDMining.png} +% \includegraphics[width=\textwidth,height=0.8\textheight,keepaspectratio]{./img/SDMining.png} + \begin{adjustbox}{width=\textwidth,height=0.85\textheight,keepaspectratio} +\begin{tikzpicture}[domain=0:4] + \def\qone{4} + + \draw[very thin,color=gray] (-0.1,-0.1) grid (11.9,6.7); + \draw[- >,thick] (-0.2,0) -- (12,0) node[right] {$Hash$}; + \draw[- >,blue,thick] (5.2,0.6) parabola (9,5.5) node[left] {Supply} ; + \draw[blue,thick] (0,0.3) -- (5.2,0.6) ; + \fill[black] (5.2,0.6) circle (2pt); + \draw (5.2,1) node[above] {Functional shift}; + \draw[red] (6,3.5) node[left] {Total Revenue (\$)}; + \draw[red] (5.5,3) node[left] {\(y=m\cdot x \)}; + \draw[cyan] (8,1) node[above] {MR=m}; + \draw[cyan] (10.5,2) node[above] {\(MR=m\cdot\)(1+x-k)}; + \draw[- >,dashed,thick] (9.4,0) -- (9.4,5.8) node[above] {Capital Constraint (k)}; + \draw[- >,thick] (0,-0.2) -- (0,6.9) node[above] {$\frac{\$}{BTC}$}; + \draw[- >,thick, color=red] (0,0)--(11.5,5.5) ; + \draw[thick, color=cyan] (0,1)--(9.4,1) ; + \draw[- >,thick, color=cyan] (9.4,1)--(11,2.0909) ; + +\end{tikzpicture} +\end{adjustbox} + \end{center} \end{frame} diff --git a/Bitcoin/Sections/Mining_elast.tex b/Bitcoin/Sections/Mining_elast.tex index 1ef7da9..6c36538 100644 --- a/Bitcoin/Sections/Mining_elast.tex +++ b/Bitcoin/Sections/Mining_elast.tex @@ -13,5 +13,5 @@ Where \(R_{i,t}\) is the revenue of miner \(i\in I\), at time t. \(q_{i}\) is th \%\Delta R=\%\Delta P_{btc}(1-\epsilon) \end{align*} \end{block} -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. +If the Bitcoin price elasticity of hash \(\epsilon\) is greater than one (elastic), than a decrease in price will \alert{increase profits} for the low marginal cost producers, like the miners using flared gas. \end{frame} diff --git a/Bitcoin/Sections/bib.tex b/Bitcoin/Sections/bib.tex index c9019c6..d767e73 100644 --- a/Bitcoin/Sections/bib.tex +++ b/Bitcoin/Sections/bib.tex @@ -8,11 +8,11 @@ \newblock Price Elasticity of Supply and Productivity: An Analysis of Natural Gas Wells in Wyoming \newblock \emph{The Energy Journal} 39(S1), 79 -- 101. %------- - \bibitem[gilbert]{p1} Gilbert, Gavin (2020) + \bibitem[gilbert]{p2} Gilbert, Gavin (2020) \newblock Drill-Bit Parity: Supply-Side Links in Oil and Gas Markets \newblock \emph{Journal of the Association of Environmental and Resource Economists} 7(S4), 619 -- 658. %------- - \bibitem[loos]{p1} Loos, Gebben et al. (2022) + \bibitem[loos]{p3} Loos, Gebben et al. (2022) \newblock Individual to collective adaptation through incremental change in Colorado groundwater governance \newblock \emph{Frontiers in Environmental Science} (Sec. Environmental Economics and Management ) V10