Profitable Mining Days
What Is Profitable Mining Days?
The percentage of days in which mining at the current hash rate and difficulty would have been profitable. Indicates the overall health and sustainability of mining.
How to Interpret
Sustained periods of unprofitable mining historically precede miner capitulation and often occur near bear market bottoms.
More Mining Metrics
Hash Ribbons
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.
Hashprice
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.
Mining Pulse
Compares actual block intervals to the expected 10-minute target. Faster blocks indicate hash rate is growing; slower blocks suggest miners are dropping off.
Puell Multiple
The ratio of daily miner revenue (in USD) to the 365-day moving average of daily miner revenue. Measures miner profitability relative to historical norms.