Change Log

Index Changes

The CBECI follows the semantic versioning guidelines available at https://semver.org. The two latest versions (excluding patches) will be maintained by the team, with the dataset available for download below. 

 v1.2.0 – 17 May 2022 07:00 GMT

Updated equipment list (available here). 

Adjustment of mining hardware selection method used by CBECI power demand model:

  • Consolidation of hardware manufacturers to exclude ‘exotic’ devices by only considering ASIC hardware from the three major manufacturers Bitmain, MicroBT and Canaan.  The full list of mining hardware is available here.

  • Introducing a maximum economic lifetime of five years to reflect the finite usability of hardware.

  • Remove Coinmetrics’s estimate for Bitmain S7 and S9 hardware share by retroactively returning to an equally-weighted basket of profitable hardware models.

Power demand estimates prior to this change can be found here:

Download data in csv format

v1.1.1 – 05 Oct 2021 09:00 GMT

Updated equipment list (available here) with pre-ASIC hardware models to retrospectively extend the CBECI model to the previously-missing period from July 2010 to June 2014, which was necessary to calculate the monthly and cumulative electricity consumption.

Download data in csv format

 

V1.1.0 – 15 Jul 2021 09:00 GMT 

Refined best-guess estimate with the retrospective inclusion of Antminer S7 & S9 distribution provided by Coin Metrics.

Download data in csv format

 

V1.0.5 – 10 Jun 2021 08:00 GMT 

Updated equipment list (available here).  

Download data in csv format 

 

V1.0.4 – 17 Feb 2021 08:00 GMT 

Prospective change of data source for daily network hashrate, difficulty, mining revenue (issuance + fees), and bitcoin market price from Blockchain.info to Coin Metrics.

 

V1.0.3 – 04 Dec 2020 08:00 GMT 

Updated equipment list (available here).

 

V1.0.2 – 08 May 2020 08:00 GMT 

Updated equipment list (available here).

 

V1.0.1 – 29 Dec 2019 08:00 GMT 

Updated equipment list (available here).

 

V1.0.0 – 02 Jul 2019 08:00 GMT 

Index launch.

Website Changes 

17 May 2022 07:00 GMT

CBECI > Methodology: formulas for calculating the power demand of all estimates (lower-bound, upper-bound, best-guess) have been added to complement the formulas for annualised electricity consumption.

CBECI > Comparison: update in Total World Production & Consumption comparison. Removing total energy consumption and directly comparing adjusted annualised Bitcoin electricity consumption to total energy production. 

CBECI > Comparison: size of bubbles in industry comparison has been adjusted to their true size. The size modification before was made to fit the names of all activities inside the respective bubbles. 

CBECI > Comparison: reformatting of chart: Country ranking, annual electricity consumption. 

CBECI > Mining Map: Updated name of the Chinese province "Nei Mongol" to "Inner Mongolia" on the mining map and underlying dataset. 

CBECI > Mining Map: updated mining map with data from September 2021 until January 2022 included. Text amendments in Methodology: Data aggregation and analysis. Addition of map showing United States hashrate distribution by state in December 2021. 

CBECI > FAQ: About This Project segment in the FAQ section has been updated to reflect recent changes. 

03 Nov 2021 13:00 GMT

Website migrated from www.cbeci.org to www.ccaf.io/cbeci to form part of the new CCAF online toolkit.

19 Oct 2021 15:30 GMT

CBECI > Mining Map: minor update of the Discussion section on the Methodology page to include a reference to the effects of the Chinese government crackdown on the local mining industry.

13 Oct 2021 07:30 GMT

CBECI > Mining Map: updated mining map with data from May 2021 until August 2021 included. Added a new chart showing absolute hashrate evolution of countries. Excluded Macau SAR and Hong Kong SAR from China provincial hashrate, renamed China to “Mainland China”, and updated both map and chart accordingly. Added a disclaimer for Germany and Ireland share. Moved Chinese provincial hashrate chart to a new section titled "Historical findings”.

05 Oct 2021 08:00 GMT

CBECI > Index: now displaying historical daily network power demand (in gigawatts) in the main chart instead of annualised consumption (in terawatt-hours), and showing continuous data points starting from July 2010. Added a new separate chart depicting the estimated monthly and cumulative electricity consumption of the Bitcoin network. Update of corresponding methodology section.

CBECI > Comparisons: added assumption about conversion loss during the energy transformation process to the energy comparison.

15 July 2021 08:00 GMT

CBECI > Index: refined best-guess estimate with the integration of the estimated hashrate share of Bitmain Antminer S7 and S9 equipment from Coin Metrics. The methodology section has been updated accordingly.

CBECI > Comparisons: complete revision of webpage with new data and text.

CBECI > Mining Map: updated mining map with data from May 2020 until April 2020 included. Replacement of Microsoft PowerBI map with custom chart. Addition of new time series charts. Update of corresponding methodology section.

CBECI > About: updated website structure with new umbrella section ‘About’ which now contains the ‘FAQ’, ‘Contact’, and ‘Change Log’ pages. Change Log includes previous index versions. FAQ have been fully updated.

21 May 2021 15:57 GMT

CBECI > Index: replaced 30-second network power estimate with 24-hour intervals due to unreliability of input data (real-time hashrate estimate). The methodology section has been updated accordingly.

20 May 2021 20:25 GMT

CBECI > Index: power estimates have been temporarily removed due to an issue with a data input source. The issue is under investigation and will be fixed as soon as possible.

19 Mar 2021 13:12 GMT

Mining Map > Visualisation: updated disclaimer.

17 Feb 2021 08:30 GMT

CBECI > Methodology: The data source for daily network hashrate, difficulty, miners revenue (issuance+ fees), bitcoin market price has been changed from Blockchain.info to Coin Metrics. We retain Blockchain.info as data source for the real-time hashrate estimate.

11 Feb 2021 21:49 GMT

CBECI > Comparisons: updated data source for country ranking (U.S. Energy Information Administration, 2019).