Interplay between Bitcoin price and its mining difficulty
|Author:||Bc. Daniel Ondruška|
|Year:||2019 - summer|
|Leaders:|| doc. PhDr. Ladislav Krištoufek Ph.D.
|Work type:|| Bachelors
|Awards and prizes:|
|Abstract:||Cryptocurrencies are well known asset that almost everyone at least heard of.
Some of these cryptocurrencies have all of its supply already in circulation, while
others do not. Two biggest cryptocurrencies, Ethereum and Bitcoin, have their
supply being increased every day through the process known as mining, which
many never even heard of. This process and its interaction with price are the
main topic of this thesis. Price and hash rate, which is good and flexible index
of difficulty of mining, of Bitcoin and Ethereum are studied and it is shown,
that there is an interplay among both currencies but also withing the currency