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BTC - Network Hash Rate (h/s)
Description
The Network Hash Rate gives the estimated total hash rate for the Bitcoin network. A high hash rate is a sign of high particpation, high security, and general good health for the network.
Bitcoin's USD Market Price is included for reference.
Pseudocode
for each block in blockchain:
blk_hashrate := block.hashrate_120
(x,y) := (block.time, blk_hashrate)
for each hour in blockchain:
hr_avg_hashrate := avg(blockchain[hr_start:hr_end].hashrate_120)
(x,y) := (hour, hr_avg_hashrate)
for each day in blockchain:
day_avg_hashrate := avg(blockchain[day_start:day_end].hashrate_120)
(x,y) := (day, day_avg_hashrate)
*Note: hashrate_120 is estimated using the last 120 blocks.
Technical Info
Network hash rate is not directly visible and must be derived from other metrics including, in particular, the block time interval. The block time interval varies significantly between any two consecutive blocks, creating high variance in the instance hash rate. To make the data more legible, the block-level hash rate estimation uses the time intervals from the 120 most recent blocks, or roughly two hours.
- Hourly and daily aggregations are derived from block data using average for this metric.
- Hourly data contains occasional gaps; no blocks were generated during these times.
Related Metrics
External Links
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