Made basic improvements and edits

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

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

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

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]

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}

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}

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