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Listen to the Bitcoin's Energy Bill : The Indicator from Planet Money : NPR or read the transcript. A bitcoin miner, Alex, needs only electricity

Listen to the Bitcoin's Energy Bill : The Indicator from Planet Money : NPR

or read the transcript.

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A bitcoin miner, Alex, needs only electricity (E) and computer (K) to mine bitcoin. Assume that the production function for his bitcoin business is of Cobb-Douglas type, f(E,K)=EK with +

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