Hash Rate

Contents

Mean Hash Rate

Definition

The mean rate at which miners are solving hashes that day. Hash rate is the speed at which computations are being completed across all miners in the network. The unit of measurement varies depending on the protocol.

NameMetricIDUnitInterval

Mean Hash Rate

HashRate

Varies

1 day

Asset-Specific Details

  • Post Ethereum Merge, Miner Metrics are no longer calculated

  • Hash rate is derived from difficulty (DiffMean), the rate at which block came in (BlkIntMean) and depending on the protocols, some other pieces of data. It gives an estimate of how much hash power is mining a given chain.

Chart

AssetFormulaHash Rate Unit

BTC, BCH, BSV

(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))

TH/s

DASH, BTG, VTC

Daily chainwork / 86400 / 10^9

GH/s

LTC

(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))

TH/s

XMR

(BlkCnt / 720) * DiffMean * 1000000

MH/s

ZEC

((DiffMean / 150) * 7000) / 10^9

GH/s

ETH, ETC

(DiffMean / BlkIntMean) / 10^12

TH/s

Release History

  • Released in the 1.0 release of NDP

Interpretation

Given that proof-of-work cryptocurrencies share a great variety of algorithms, with widely diverging features, hashrate is not comparable between them. The exception is cases where distinct assets share the same hash function, as is the case with BTC, BCH, and BSV for instance. To benchmark security between assets with different hash functions, a metric like security spend (Issuance, Total, USD) might be consulted instead.

See Also

Availability for Assets

Mean Hash Rate, 30 Day

Definition

The mean rate at which miners are solving hashes over the last 30 days. Hash rate is the speed at which computations are being completed across all miners in the network. The unit of measurement varies depending on the protocol

NameMetricIDUnitInterval

Mean Hash Rate, 30 Day

HashRate30d

Varies

1 day

Asset-Specific Details

  • Post Ethereum Merge, Miner Metrics are no longer calculated

Release History

  • Released in the version 4.9 of Network Data Pro

See Also

Availability for Assets

Yearly Avg. Miner Revenue per Hash

Definition

The trailing one-year average miner reward per estimated hash unit performed during the period. The unit of hashpower measurement depends on the protocol.

Dictionary

NameMetricIDUnitInterval

Yearly Avg. Miner Revenue per Hash (native units)

RevHash1yAvgNtv

Native Units

1 day

Yearly Avg. Miner Revenue per Hash (USD)

RevHash1yAvgUSD

USD

1 day

Details

  • Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

  • Below are formulas and measurement units associated with each of the supported assets.

AssetHashrate FormulaUnit

BTC, BCH, BSV

(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))

TH/s

DASH, BTG, VTC

Daily chainwork / 86400 / 10^9

GH/s

LTC

(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))

TH/s

XMR

(BlkCnt / 720) * DiffMean * 1000000

MH/s

ZEC

((DiffMean / 150) * 7000) / 10^9

GH/s

ETH, ETC

(DiffMean / BlkIntMean) / 10^12

TH/s

Release History

  • Released in Network Data Pro (NDP) version 5.1

Availability for Assets

Miner Revenue per Hash

Definition

The mean miner reward per estimated hash unit performed during the period, in native units. The unit of hashpower measurement depends on the protocol.

NameMetricIDUnitInterval

Miner Revenue per Hash (native units)

RevHashNtv

Native units

1 day

Miner Revenue per Hash (USD)

RevHashUSD

USD

1 day

Asset-Specific Details

  • Post Ethereum Merge, Miner Metrics have been deprecated

  • Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

  • Below are formulas and measurement units associated with each of the supported assets.

AssetHashrate FormulaUnit

BTC, BCH, BSV

(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))

TH/s

DASH, BTG, VTC

Daily chainwork / 86400 / 10^9

GH/s

LTC

(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))

TH/s

XMR

(BlkCnt / 720) * DiffMean * 1000000

MH/s

ZEC

((DiffMean / 150) * 7000) / 10^9

GH/s

ETH, ETC

(DiffMean / BlkIntMean) / 10^12

TH/s

Release History

  • Release Version: NDP-EOD 4.8 (Nov, 2020)

Availability for Assets

Miner Revenue per Hash per Sec

Definition

The mean daily miner reward per estimated hash unit per second performed during the period, in native units. The unit of hashpower measurement depends on the protocol.

NameMetricIDUnitInterval

Miner Revenue per Hash per Sec (native units)

RevHashRateNtv

Native units

1 day

Miner Revenue per Hash per Sec (USD)

RevHashRateUSD

USD

1 day

Asset-Specific Details

  • Post Ethereum Merge, Miner Metrics have been deprecated

  • Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

  • Below are formulas and measurement units associated with each of the supported assets.

AssetHashrate FormulaUnit

BTC, BCH, BSV

(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))

TH/s

DASH, BTG, VTC

Daily chainwork / 86400 / 10^9

GH/s

LTC

(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))

TH/s

XMR

(BlkCnt / 720) * DiffMean * 1000000

MH/s

ZEC

((DiffMean / 150) * 7000) / 10^9

GH/s

ETH, ETC

(DiffMean / BlkIntMean) / 10^12

TH/s

Release History

  • Released in the version 4.9 of Network Data Pro

Availability for Assets

API Endpoints

Hash Rate metrics can be accessed using these endpoints:

  • timeseries/asset-metrics

and by passing in the metric ID's HashRate* in the metrics parameter.

curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=HashRate&assets=btc&pretty=true&api_key=<your_key>"

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