Documentation

Methodology, formulas, and assumptions behind ELEKTRON analytics

Blockchain Analytics

Core blockchain metrics including hashrate calculation, difficulty adjustments, block time analysis, and supply curve projections.

Hashrate Difficulty Block Time Supply
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Hashprice

Mining revenue per unit of hashpower. Understand how hashprice is calculated and what drives its fluctuations.

Revenue $/PH/Day Profitability
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Mining Pool Analytics

Pool market share analysis, fee collection metrics, hashrate distribution, and pool performance comparisons.

Market Share Fees Block Times
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Decentralization Metrics

Quantitative measures of network decentralization including HHI, normalized HHI, and the Nakamoto coefficient.

HHI NHI Nakamoto
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Mining Luck & Variance

Understanding mining variance, luck calculations, and how pool size affects expected vs actual block discovery.

Luck Variance Expected Value
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Price Analysis

Return calculations, volatility metrics, drawdown analysis, and correlation with traditional assets.

Returns Volatility Drawdown Correlation
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ASIC Fleet Analytics

Comprehensive profitability analysis for all Bitcoin ASIC miners over time, including break-even periods, survival analysis, and manufacturer comparisons.

Profitability Break-even Gantt Timeline Manufacturer
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ASIC Price Index

Fair market value estimation for any ASIC based on efficiency. Log-linear regression model using Luxor Hashrate Index data across efficiency buckets.

Valuation $/TH Luxor Data Regression
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Data Sources & General Assumptions
Data Type Source Update Frequency
Blockchain data Bitcoin Core full node (RPC) ~10 minutes (new blocks)
BTC price CryptoCompare API Daily (historical), 10 min (current)
ASIC prices Luxor Hashrate Index Daily
Pool identification Coinbase signature analysis Per block
External assets Yahoo Finance (yfinance) Daily
Note on Precision

All calculations use high-precision floating point arithmetic. Displayed values are rounded for readability. Hashrate is always expressed in the most appropriate unit (EH/s for network, PH/s for pools/miners).