The total computational power dedicated to Bitcoin mining, measured in exahashes per second (EH/s). Higher hash rate = more secure network.
All-time high hash rate = very secure network with strong miner commitment. Hash rate drops indicate miner stress or equipment transitions.
A model that tracks Bitcoin's price relative to mining difficulty. Since miners are key price-insensitive sellers, the relationship between price and difficulty provides fundamental price support levels.
Compares the 30-day and 60-day moving averages of Bitcoin's hash rate. When the 30d MA crosses below the 60d MA, it signals miner capitulation; crossing back above signals recovery.
The daily revenue miners earn per unit of hash rate (typically per terahash per second per day in USD). The key economic metric for mining profitability.
The percentage of total miner revenue derived from transaction fees vs. block subsidies. As block rewards halve, fee revenue becomes increasingly important for mining sustainability.