Cold brew is coffee steeped in cold water for a long time. No heat at any stage.
Why it tastes different
Temperature decides which compounds dissolve. Many of the acids that give hot coffee its brightness need heat to extract, so they largely stay in the grounds. What does dissolve at room temperature is the sweeter, heavier, more chocolatey material.
The result is smooth, sweet and very low in acidity — and it loses most of the floral, citric character that makes a light Ethiopian interesting. That is a trade rather than an improvement.
The method
As concentrate: 1 part coffee to 8 parts water by weight. 125 g coffee to 1 litre. Coarse grind, cold water, stir once, refrigerate 12 to 18 hours. Strain through a paper filter or a press.
Dilute one to one with water or milk to serve.
Ready to drink: 1:15, same process, no dilution.
Grind and time
Coarse, as for a French press — fines make it cloudy and bitter, and they are much harder to strain out cold.
12 to 18 hours. Under 12 is thin; past about 24 it turns woody. Room temperature extracts faster than the fridge, so shorten it if you leave it out.
Which coffee
Medium to dark roasts and chocolatey origins — Brazil, Colombia, Indonesia — suit it. Delicate light roasts are wasted, since the qualities you paid for are exactly the ones cold water does not extract.
Keeping it
Concentrate keeps about a week refrigerated in a sealed bottle. Diluted, drink it within a couple of days.