BITCOIN NETWORK HASHRATE
How much power is securing Bitcoin?
Miners point computing power at Bitcoin to protect it. More power means a safer, harder-to-attack network, and they add it only when they expect a payoff.
How much computing power secures Bitcoin
The combined computing power of every Bitcoin miner, each day since 2011, on a scale that gives equal space to equal percentage changes. Long climbs mean miners kept investing, and the dips mark times some had to switch machines off. GH/s, TH/s, PH/s and EH/s mean a billion, a trillion, a thousand trillion and a million trillion guesses a second.
Inspect and compare dates
Pick two to four dates to compare Bitcoin’s mining power.
| Measure | Change | Relative change | ||
|---|---|---|---|---|
| Mining power | 1,010 EH/s | 943 EH/s | −67.3 EH/s | −6.7% |
Right now
Mining power is close to its record high, but easing off.
On 12 Nov 2026 it stood at 943 EH/s, 17.9% below the record of 1,149 EH/s set on 18 Oct 2025.
What changed
Mining power is 6.7% lower than 30 days earlier. Capacity is shrinking, and the pace is speeding up.
- Up 4.5% over the last 90 days: capacity is expanding.
- Down 8.7% over the last 7 days, so the near-term trend is still easing.
Compared with the record
Close to its record high
Still near the top of its all-time range. The overall level stays strong, and any short-term strain shows in the miner shakeout signal below.
Why it matters
Miners do not switch off the moment the price drops, so mining power is slow to fall. It can move first on the way up, because miners order machines months ahead. A climb after a fall means the people with the most money tied up in mining are investing again.
Miner shakeout signalHash Ribbons
All clear, no signal
The 30-day mining-power trend is above the 60-day one, and the two are closing in. No shakeout is under way.
The 30-day trend has been above the 60-day one for 78 days.
- Gap between the 30-day and 60-day trends
- +3.1%
- Direction
- Closing in
The trend lines are closing in, and the 30-day trend could drop below the 60-day one within a few weeks.
| Signal date | Miners had cut back for | 12-month return |
|---|---|---|
| 115 days | +232% | |
| 50 days | +3,698% | |
| 30 days | +91% | |
| 72 days | +124% | |
| 31 days | +551% | |
| 31 days | +242% | |
| 35 days | +164% | |
| 65 days | −46% | |
| 45 days | +24% | |
| 44 days | +158% | |
| 34 days | +57% | |
| 33 days | +80% | |
| 40 days | Not a year yet | |
| 51 days | Not a year yet | |
| 44 days | Not a year yet | |
| 78 days | Not a year yet |
Of the 12 signals more than a year old, Bitcoin’s price was higher a year later after 11 and lower after one. The four most recent are not a year old yet.
Miner pay
Miners earn about $31.03 a day for each PH/s of mining power they run.
When mining power grows faster than Bitcoin’s price, each unit earns less.
Mining difficulty
The latest adjustment made mining a lot harder.
Difficulty is 4.88% below its record of 155.97 T, set on 29 Oct 2025.
Understanding
Hash Rate
Where it stands today
Hash Rate is 943 EH/s as of .
What is mining power measuring?
Mining power, also called hash rate, is how many guesses a second all of Bitcoin’s miners make together as they race to find the next block. The totals are huge: GH/s is a billion guesses a second, TH/s a trillion, PH/s a thousand trillion and EH/s a million trillion. More computing power makes Bitcoin harder to attack.
Why does rising mining power matter?
Miners are long-term businesses. They spend millions on machines that take months to pay for themselves, so a rising reading means they expect mining to stay worth it at future prices. A falling one means some are struggling: the price fell below what it costs them to run, and the weakest operations are switching off.
Does it move before or after the price?
It tends to follow the price down and can lead it up. Miners do not shut down overnight when the price falls, but they order new machines and build new sites months before they expect prices to rise. So when mining power starts climbing after a decline, the miners with the most at stake are betting on better times.
What is the miner shakeout signal?
Hash Ribbons, the signal behind the miner shakeout row, compares two trend lines of mining power: a fast one averaged over 30 days and a slow one over 60 days. Mining usually grows, so the fast line normally sits above the slow one. When it drops below, miners are switching machines off because they are losing money. The recovery signal fires when the fast line crosses back above the slow one: the shakeout is over.
How often has the recovery signal fired?
It has fired 16 times since 2011. A cross counts only after the 30-day trend has spent at least 30 days below the 60-day one: shorter dips come and go too often to mean much. The latest came on 26 Aug 2026, after miners had cut back for 78 days. The table in the miner shakeout row lists each one, with the 12-month return for the 12 that are more than a year old. The idea behind it is that by the time the fast line crosses back up, the miners who were forced to cash in their coins to pay their bills have mostly done so. A past return is history, not a promise.
How has it grown?
Over Bitcoin’s life mining power has climbed almost without a break, from 119 GH/s on 1 Jan 2011 to a record of 1,149 EH/s on 18 Oct 2025. The deepest fall from a record in the daily record was 53.8%, reached on 3 Jul 2021, after China banned Bitcoin mining. The 2018 downturn brought a fall of 36.0%, reached in December 2018. Years of growth like that show the money committed to securing Bitcoin keeps rising.
How does it relate to difficulty?
Difficulty follows mining power with a delay. Every 2,016 blocks, about two weeks, Bitcoin resets it so that the mining power of the past two weeks would have found one block every ten minutes. Open Mining Difficulty.
The numbers
behind the chart
What does the current reading show?
Mining power: the latest reading is 943 EH/s, on . The highest reading since is 1,149 EH/s on ; the lowest is 119 GH/s on .
Daily readings since 1 Jan 2011 let you compare the latest reading with earlier months. Highest and lowest cover every reading since then; month-end values use the last reading on or before that date.
What are the latest, highest and lowest readings?
| Measure | Latest | Highest | Lowest |
|---|---|---|---|
| Mining power | 943 EH/s | 1,149 EH/s | 119 GH/s |
How do the readings compare with earlier dates?
| Reference date | Mining power |
|---|---|
| 1 month ago | 1,018 EH/s |
| 3 months ago | 890 EH/s |
| 6 months ago | 998 EH/s |
| 1 year ago | 1,077 EH/s |
| 2 years ago | 735 EH/s |
What was the reading at each month’s end?
| Reading date | Mining power |
|---|---|
| 1,072 EH/s | |
| 978 EH/s | |
| 918 EH/s | |
| 890 EH/s | |
| 990 EH/s | |
| 1,015 EH/s | |
| 948 EH/s | |
| 1,016 EH/s | |
| 1,079 EH/s | |
| 851 EH/s | |
| 1,059 EH/s | |
| 1,084 EH/s | |
| 1,132 EH/s | |
| 1,051 EH/s | |
| 993 EH/s | |
| 902 EH/s | |
| 865 EH/s | |
| 938 EH/s | |
| 847 EH/s | |
| 832 EH/s | |
| 799 EH/s | |
| 779 EH/s | |
| 804 EH/s | |
| 729 EH/s |
Source: Maketo’s daily record of Bitcoin’s mining power. Reading for .