1. Analyse the network hashrate for cyclical trends (is a large increase in hashrate returning the same time every day / week ?) 2. Find correlations between network hashrate and known external phenomena (heatwaves might lead many to turn GPUs off, countries with high electricity costs probably have fewer miners)
Seconded. Whenever I look at the
graphs by Sipa, I cannot help imagining there must be some daily/weekly trends. For example, workplace computers being turned on and off daily. However, that would only be noticeable if the computers are unevenly distributed by timezone, although weekends would show a clear difference. Another weekly factor is that exchanges are quieter on weekends, when there are no bank transfers.
I wonder what it would look like if the hashrate curves for each week were normalized, so as to compare them to each other to spot any trends. This would also filter out most of the inherent variance in hashing results.