This is brilliant, it's like a pristine experiment showing nothing that comes out of modern science has any value. If there were political demand to show that pi was higher, we would get papers showing an increase in the value of pi month by month.https://twitter.com/EricHolthaus/status/997108205858840576 …
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The number of bitcoin mined is on a declining path, and does not depend on the behaviour of miners. The current cost of mining is, per the paper, currently 60-70% cost of electricity. So the major determinants of electricity use are cost of electricity and price of BTC.
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You can see a graph of the aggregate "amount of mining done" (in effect), which is basically electricity used x energy-efficiency of hardware (which is increasing). It generally goes up, but is volatile.https://blockchain.info/charts/hash-rate …
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