Hashrate Index 🟧⛏️
@hashrateindex
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Bitcoin mining data + research by @LuxorTechnology | We demystify the metrics + trends that underpin the BTC mining industry. Newsletter:
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Pinned Tweet
Our Q1-2024 report is now available!👀
For this report, we look at Q1 numbers and the immediate impact of the Fourth Bitcoin Halving on:
-Network hashrate📈
-Hashprice🪙
-Transaction fees 💸
-ASIC prices🎛️
-Public miners📊
-Much more
Download here👇
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52
New miner just dropped 👀
NuMiner's flagship rig, the NM444, is planned to debut this year
It reportedly clocks in at 444 TH/s with an efficiency of 20.2 J/TH
Given today's hashprice, the NM444 would produce $78/day (~0.00211788 BTC/day) 😲🤯😵
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112
842
🇷🇺 JUST IN: Russia will exempt
#Bitcoin
mining from their crypto ban as it contributes $2.6 billion in liquidity for trade.
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305
Everyone should thank
@NiceHashMining
today for making BTC a little more scarce👀
NiceHash's BTC mining pool constructed a block improperly yesterday, and now the pool won't be able to access this block's 6.309 BTC reward 🫢
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📣
#BITCOIN
HALVING REPORT’S OUT! 📣
👀 Check how the Fourth Halving will shake up the mining sector:
• Hashprice, Hashrate, and Diff. projections
• How much will Hashrate drop?
• ASIC Breakeven Costs
• ASIC Prices Impact
Get the full report! 👇🏻
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BREAKING: MicroBT to get first access to Samsung's new 3nm chips👀
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162
#Bitcoin
Hashrate reached a new ALL TIME HIGH of 636,000,000,000,000,000,000 hashes/s this week
Miners won't and can't stop bringing hash online ahead of the halving!
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154
📢Our 2023 Bitcoin Mining Year in Review is out!🍾
2023 was a comeback year for the Bitcoin mining industry, with everything from hashprice to Bitcoin mining stocks beating expectations after a brutal 2022.
Download below and check it out y'all!👇
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JUST IN: Bitmain Just revealed the Antminer S21 at the WDMS in Hong Kong👀
-Air Cooled Model: 200 TH/s and 17.5 J/TH🤯
-Hydro Model: 335 TH/s and 16 J/TH😱
More info in our latest article on Hashrate Index👇
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Currently, every hash your miner computes has a .0000000000000000000000798% chance of solving the next Bitcoin block 🧠💥
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12
140
BREAKING: Hashprice falls below $65 and recovers to over $90 after 9 of the 10 most valuable Bitcoin blocks are mined! Wow!
10
22
140
BREAKING: 7 Day
#Bitcoin
Hashrate has dropped to ~600 EH/s post-halving, down 8.4% from its peak!
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134
💥 NEWS: Hashprice’s above $144, offsetting the halving drop, thanks to transactions fees generated by RUNES
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120
Bitcoin's hashrate has hit a new all-time high of 234 EH/s!🥳😤🥹
5
15
106
Publicly traded North American bitcoin miners just had their best Q2 ever.
@ArgoBlockchain
,
@Bitfarms_io
,
@Hut8Mining
,
@MarathonDH
, and
@RiotBlockchain
mined more BTC in Q2 than Q1 and are on track for an even more productive Q3.
More in our latest 👇
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91
#Bitcoin
Hashrate hits NEW ALL TIME HIGH of 642,000,000,000,000,000,000 hashes/s ahead of the halving!
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95
BREAKING: Hashprice hits new all-time low of $56.5
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10
87
#Bitcoin
Hashrate is headed to 1 Zetahash this cycle!
That's 1,000,000,000,000,000,000,000 hashes/s
ZOOM OUT! 👀
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22
78
BREAKING: Hashprice reaches all time low of $46.55/PH/Day, down 74% from its post-halving peak!
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19
78
JUST IN: 7 Day Hashprice jumps above $50 after today's negative difficulty adjustment!
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17
77
1. 🪄Introducing Hashrate Index’s NEW hashprice, hashrate, and
#Bitcoin
mining metrics widgets! ✨
Now, anyone can easily display hashprice and Bitcoin ⛏️ mining network data on their websites and blogs. 🌐🟧⛓️
Here’s how to do it: ⬇️🧵
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60
BREAKING: Hashprice drops to historical all time low of ~$49/PH/Day
2
18
73
It's here...
We're thrilled to finally reveal the next evolution of Hashrate Index! 🥳🥳
We've completely re-hauled our data platform to give it a fresh look and a slew of new metrics, datasets, and subpages to match.
Quick🧵on some of the changes 👇
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The
#Bitcoin
network is close to being secured by 600,000,000,000,000,000,000 hashes per second...
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15
69
If the
#Bitcoin
halving were to happen today, these would be the breakeven power prices for popular rigs!
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Hashprice is up 40% this week, 45% month-over-month, 108% in three months, and 111% year-over-year.
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Today’s BTC price drawdown is bringing hashprice to all-time lows. Our Hashrate Floor Model suggests that current hashprice of $56/PH & network hashrate of 267 EH are near equilibrium levels if prices remain in this range for the rest of the year
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60
Gryphon Mining has publicly stated that it has purchased 60k of these rigs for $1.7 bln in a preorder deal that values each rig at $28,333 a pop (or ~$64/TH).
Seems too good to be true, right? What do y'all think? Let us know below 👇
NuMiner came out of nowhere and announced a 444 TH/s miner with an efficiency of 20.2 J/TH.
These specs would make it an industry-leading ASIC.
What do we think fam, is this thing legit?
22
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9
4
55
This morning, Bitcoin's mining difficulty hit an all-time of 35.61 T after adjusting by 13.55%😬
This adjustment was the largest positive adjustment since May 13, 2021😮
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"People say that BTC miners solve complex math problems, but that's inaccurate. They actually produce trillions of unique numbers until they find 1 below the difficulty target, which allows them to mine the next valid block in the chain and earn a reward"
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55
“Miners care about Hashprice. It’s the only thing that matters”
@SGBarbour
discussing the importance of Hashprice w
@PeterMcCormack
7
17
50
Love 'em or hate 'em, everyone is talking about ordinal NFTs.
So if you're drowning in all of the technical jargon about ordinals and inscriptions (and you're wondering what they mean for Bitcoin miners), today's newsletter is for you.
🧵
6
15
53
#Bitcoin
miners mined a record 1,718.73 BTC from April 19 through April 21.
That's $114,384,129 at an average price of $66,500!
For comparison, miners earned $797.7 million from transaction fees in all of 2023.
1
19
56
📢 Q2 REPORT JUST DROPPED! 📝
This report addresses the latest developments in the world of Bitcoin mining, including:
🗺️ BTC hashrate’s ever-evolving geographic footprint and the industry’s continued maturity
💰 Key considerations for surviving the Halving, including ASIC
2
21
51
Bitcoin's hashrate is SURGING and it just hit an all-time high👀
Bitcoin's hashrate hit 401 EH/s on the 7-day avg and 445 EH/s on the 3-day avg this weekend🤯
Hashrate coming online faster than a barefoot jackrabbit crossing a hot greasy griddle in the middle of July in Texas🥵
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13
53
#Bitcoin
Hashrate rebounds to 638 EH/s, and it's now only 2.6% away from making new all time highs.
4
15
52
NEW: Public bitcoin miners sold more BTC in July than they mined.
Total sold: 5,340
Total mined: 3,478
Read on in the article below👇
7
15
50
Bitcoin's hashrate is dropping like a rock↘️
Bitcoin's 7-day average hashrate is currently 236 EH/s, a 14% decrease from its 274 EH/s ATH👀
Block times are sluggish as a result: 11 minutes and 12 seconds on average this epoch🐌
7
10
50
Hut 8 just received SEC approval for its merger with USBTC 👀
Now, all that's left is a USBTC shareholder vote on Nov 30 to finalize the deal, which would wrap up a process that began 9 months ago👇
1
9
51
📢 NEW Q3
#BITCOIN
MINING REPORT IS OUT!
Get the latest updates on:
• Hashrate
• Hashprice
• ASIC Markets
• Energy Markets
• Public mining stocks; and more
Check it y'all:
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36
NEWS:
@BITMAINtech
has published prices for the S21 Pro at $27/T or $6,318 per unit.
Delivery for the most efficient
#Bitcoin
mining rig starts in July!
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10
49
Bitmain is expected to unveil its latest miner, the Antminer S19XP, at the World Digital Mining Summit in Dubai this week.
Here's how it stacks up against other rigs in the S19 series.
You can read more in our latest on the Hashrate Index blog 👇
1
10
47
We've received multiple requests for historical rig prices in BTC terms. We listened.
Soon you'll be able to query BTC-denominated rig price data for popular ASIC models on Hashrate Index.
Stay tuned 😎
2
10
47
To make
#Bitcoin
mining analytics more accessible to everyone, we decided to open our datasets and make them completely FREE. 🙌 ⛏️
1
5
40
Bitcoin's hashrate is at an all-time high 395 EH/s🤯
Over the last week, Bitcoin's hashrate has grown 6% 👀
1
11
42
#Bitcoin
network hashrate is about to breach its ATH of 267 EH/s on the 4,320 blocks (30D SMA) estimate.
> ⛏️
1
11
41
Hashprice has printed a new yearly high of +$136 y’all
0
6
41
NEW: H1-2023 MINING STOCK REPORT JUST DROPPED!📣
We just released our first premium BTC mining stock report: 68 pages covering over 20 companies👀
AND we're offering 50% OFF Hashrate Index Silver subscriptions for 1 WEEK🥳
Sign up below👇
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10
40
"We look at the M20s as the S9 of this new Bitcoin halving epoch."
@MartyBent
from
@GAMdotAI
reviews the
@Whatsminer_MBT
M20s series
1
6
39
Bitcoin's difficulty dropped by 7.23% last night, the largest decrease since July 3, 2021 in the aftermath of China's mining ban👀
4
11
37
Good recap of November's mining economics by
@zackvoell
Bitcoin miners made $522 million in revenue during November, up 48% from the previous month. Nearly 11% of revenue came from transaction fees.
Report by
@zackvoell
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In 2020, we created Hashrate Index to provide top-notch analytics, research, and insights to improve
#Bitcoin
mining education 📚⛏️
10,000 times THANK YOU to all those folks that follow, and read Hashrate Index. We wouldn't be here without y'alls support!
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8
30
Bitcoin's mining difficulty increased by 9.26% overnight to 30.98 T👀
This was the second largest positive adjustment of the year.
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37
Popular ASIC models profit/loss at different Hashcost levels:
S19 XP & M50S++ will operate at a loss if hashcost rises >$0.09/kWh.
>$0.08/kWh k Pros & M50S+ will be unprofitable
And at $0.06-$0.07/kWh the S19j Pro+, j Pros, and M30S++ will struggle
0
10
39
New feature, who dis?👀👀
You can now download a CSV for daily hashprice directly from Hashrate Index! The download box is directly to the left of the toggle for the chart timeframe.
Check it!👇
10
8
37
Argo, Bitfarms, CleanSpark, Hut 8, Marathon, and Riot collectively have ~16 EH/s of hashrate on order for the remainder of 2022⛏️🎛️
We breakdown these orders by miner, by month in our latest post on Hashrate Index 👇
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💥LATEST: Hahsprice drops below $60 as RUNES activity cools down.
3
8
38
🤯
#Bitcoin
Network Hashrate smashes 500 EH/s to reach a new ath
Miners rejoice as Hashprice retakes $90/PH/Day 💸
Happy Thanksgiving y'all!
3
8
38
POST-HALVING HASHRATE & HASHPRICE RECAP:
For starters, hashprice is in the gutter. Runes (and inscriptions/ordinals writ large) are constituting far fewer fees than regular transactions compared to the week preceding and succeeding the Halving.
As a result, the mempool is
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7
38
The next difficulty adjustment is going to be nuclear, our estimates right now say it will be over 13%
2
2
38
Introducing the Hashrate Index and
@GalaxyDigitalHQ
Bitcoin Mining Profitability Calculator! 👀
Our new calculator comes with advanced features so miners can model out everything from revenue sharing to difficulty changes and more.
Check it out!👇
3
12
36
Bitcoin's 7-day average hashrate has hit an all-time high of 300 EH/s!👀🥳
2
15
36
Today, we released our Q4-2023 Hashrate, Difficulty, and Hashprice Projections Report for premium subscribers👀
See below our Q3 base projection vs. actual results. On avg., our hashprice forecast was only off by 1%🤯
Subscribe here for the Q4 report👇
3
11
36
GM miners 🌞
With BTC above $37k and transaction fees at 17% of block rewards, hashprice is a frothy $84.64/PH/day to start the week🤑
It's a beautiful day to be hashing, y'all. Let's get it! ⛏️😤
0
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35
Hello World! This is the first step towards making Proof-of-Work data easier to consume and understand.
Hashrate Index is a project proudly sponsored by
@LuxorTechTeam
5
18
33
The Antminer S19 Pro's break-even power cost is eleven cents rn ($0.11). ⛏️
1
6
35
⛏️RIG PRICE UPDATE⛏️
ASIC prices fell over June for the 3rd month in row📉
S9: $362 (-23%)
S17: $3,033 (-18%)
S19: $6,945 (-23%)
M20: $2,669 (-34%)
M30: $3,482 (-21%)
The most efficient ASICs are selling for $51-66/TH, and the least efficient ones are selling for $18-25/TH.
3
8
35
"The first customer for the process will be the Chinese application-specific IC firm PanSemi, which makes chips used in Bitcoin mining, sources said."
PanSemi is a subsidiary of MicroBT.
2
12
35
Bitcoin's difficulty just hit a new all-time high! 😤📈
After a 9.32% upward adjustment, the largest since last August, Bitcoin's difficulty is now 26.64T
So much for the hashprice supercycle 😬🥲
3
3
34
ASIC rigs’ primary and secondary markets are opaque which make it hard to determine the true value of hardware. We collected the price, hashrate, and electricity usage for dozens of SHA-256 miners over time and built a tracker for it.
1
13
33
Some big changes are coming to Hashrate Index tomorrow...
Hope y'all are ready, cuz
@LuxorTechTeam
is bringing the heat and holding nothing back 🔥🔥
3
2
33
Bitcoin mining ASIC prices continue to approach all-time low valuations in USD terms.
But when we look at BTC denominated rig prices, the markets tell a much different story.
Quick 🧵on some of the data we crunched in today's newsletter👇
8
12
31
This week, Core Scientific announced that it's on track emerge from its Chapter 11 bankruptcy by the end of the year.
For today's newsletter, we break down how the company shed $568 million of debt to come back from the brink 👇
0
5
31
✅Hashrate above 400 EH/s
✅Difficulty at all-time high after a +6.17% adjustment
✅Hashprice below $60/PH/day for the first time since Nov 2022
✅Tx fees back to 2022 levels
And the Halving ain't even hit yet y'all🙃
1
6
28
At 0.07 $/kWh the S19j Pro+ is making $3.93 a day rn ⛏️
3
2
32
We just added another new model to our rig page👀
The S19j Pro+
-122 TH/s
-27.5 J/TH
0
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Introducing Hashrate Index Premium, the latest research + data offering from Hashrate Index👀
DON'T WORRY. We'll still offer our usual data / research for free. We're just expanding our offerings with exclusive data to those seeking additional alpha👇
2
9
20
Today, Bitcoin's difficulty hit an all-time high of 53.91 T after a 6.45% adjustment, the 4th largest of the year 😬
3
5
28
Bitcoin hashprice on Thanksgiving:
2018: $0.1522
2019: $0.1494
2020: $0.1314
2021: $0.3290
Happy Thanksgiving! 🦃
0
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28