Manhattan Monthly Commercial Building Permits are below 1990 levels.

It appears that tenants move out and new ones do not move in so no new repairs or upgrades being made.

Looking at details from 2010 to 2019, monthly permits varied but centered around 3500 per month. Early in the pandemic, there was a dramatic shift down, but then the beginning of a recovery in late 2020. Since then permits have been falling off, reaching 430 commercial building permits (non-residential, not 1–3 family properties) in January 2022.

--

--

By looking at the current Bitcoin network hashrate, we can estimate the range of power and energy usage.

S19 Pro (one of the most efficient miners) specification can give the low end levels and S9 specification (a still effective by lower efficiency miner) can help estimate the high end levels.

On the low end levels are power usage of 4.7 GW and a one year energy usage of 41.4 TWh. High end levels 15.7 GW and 137.4 TWh.

Paul Mangione

Fort Schuyler Advisors

www.ftschuyler.com

--

--

Paul Mangione

Paul Mangione

Fort Schuyler Advisors www.ftschuyler.com, ex Apollo Management, MIT EECS BS/MS.