diff --git a/Bitcoin/Sections/Data.tex b/Bitcoin/Sections/Data.tex index 4400733..65da25c 100644 --- a/Bitcoin/Sections/Data.tex +++ b/Bitcoin/Sections/Data.tex @@ -3,9 +3,9 @@ \begin{enumerate} \item{Enverus} \begin{itemize} - \item{US Well Data} - \item{Gas hookup Company} - \item{SPUD date} + \item{U.S. Well Data} + \item{Gas Hookup Company} + \item{SPUD Date} \end{itemize} \item{Energy Information Administrations} \begin{itemize} diff --git a/Bitcoin/Sections/Mining_Structure.tex b/Bitcoin/Sections/Mining_Structure.tex index 0c9a353..0830ab5 100644 --- a/Bitcoin/Sections/Mining_Structure.tex +++ b/Bitcoin/Sections/Mining_Structure.tex @@ -23,7 +23,7 @@ \newline \(Revenue=\text{Total Reward}\cdot \frac{\text{Tickets Owned}}{\text{All Tickets}}\) \newline - \(Costs=\text{Electricity used}\cdot\text{Price of Electricity}\) + \(Costs=\text{Electricity Used}\cdot\text{Price of Electricity}\) \newline \(\text{Tickets Owned}=f(\text{Computer Output},\text{Electricity Used})\) \newline diff --git a/Bitcoin/Sections/Mining_elast.tex b/Bitcoin/Sections/Mining_elast.tex index bd29bc3..1ef7da9 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 elastic, than a decrease in price will \textbf{\emph{increase}} revenue for low marginal cost producers. \end{frame} diff --git a/Bitcoin/Sections/Oil_Econometrics.tex b/Bitcoin/Sections/Oil_Econometrics.tex index b50947e..fa048af 100644 --- a/Bitcoin/Sections/Oil_Econometrics.tex +++ b/Bitcoin/Sections/Oil_Econometrics.tex @@ -17,7 +17,7 @@ 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 -\textbf{2SLS is used, with instruments of:} +\textbf{Two-stage Least Square is used, with instruments of:} \begin{enumerate} \item{VAR model residuals of oil refinery volumes, and gas storage} \item{Regional population weighted cooling and heating degree days}