Hash Rate

Contents

• Mean Hash Rate

• Mean Hash Rate, 30 Day

• Yearly Avg. Miner Revenue per Hash

• Miner Revenue per Hash

• Miner Revenue per Hash per Sec

Mean Hash Rate

Definition

The mean rate at which miners are solving hashes that day. Hash rate is the speed at which computations are being completed across all miners in the network. The unit of measurement varies depending on the protocol.

Name	MetricID	Unit	Interval
Mean Hash Rate	HashRate	Varies	1 day

Asset-Specific Details

• Post Ethereum Merge, Miner Metrics are no longer calculated

• Hash rate is derived from difficulty (DiffMean), the rate at which block came in (BlkIntMean) and depending on the protocols, some other pieces of data. It gives an estimate of how much hash power is mining a given chain.

Chart

Source: CM Network Data Charts

Asset	Formula	Hash Rate Unit
BTC, BCH, BSV	(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))	TH/s
DASH, BTG, VTC	Daily chainwork / 86400 / 10^9	GH/s
LTC	(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))	TH/s
XMR	(BlkCnt / 720) * DiffMean * 1000000	MH/s
ZEC	((DiffMean / 150) * 7000) / 10^9	GH/s
ETH, ETC	(DiffMean / BlkIntMean) / 10^12	TH/s

Release History

• Released in the 1.0 release of NDP

Interpretation

Given that proof-of-work cryptocurrencies share a great variety of algorithms, with widely diverging features, hashrate is not comparable between them. The exception is cases where distinct assets share the same hash function, as is the case with BTC, BCH, and BSV for instance. To benchmark security between assets with different hash functions, a metric like security spend (Issuance, Total, USD) might be consulted instead.

See Also

• Mean Hash Rate, 30 Day

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

Mean Hash Rate, 30 Day

Definition

The mean rate at which miners are solving hashes over the last 30 days. Hash rate is the speed at which computations are being completed across all miners in the network. The unit of measurement varies depending on the protocol

Name	MetricID	Unit	Interval
Mean Hash Rate, 30 Day	HashRate30d	Varies	1 day

Asset-Specific Details

• Post Ethereum Merge, Miner Metrics are no longer calculated

Release History

• Released in the version 4.9 of Network Data Pro

See Also

• Mean Hash Rate

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

Yearly Avg. Miner Revenue per Hash

Definition

The trailing one-year average miner reward per estimated hash unit performed during the period. The unit of hashpower measurement depends on the protocol.

Dictionary

Name	MetricID	Unit	Interval
Yearly Avg. Miner Revenue per Hash (native units)	RevHash1yAvgNtv	Native Units	1 day
Yearly Avg. Miner Revenue per Hash (USD)	RevHash1yAvgUSD	USD	1 day

Details

• Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

• Below are formulas and measurement units associated with each of the supported assets.

Asset	Hashrate Formula	Unit
BTC, BCH, BSV	(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))	TH/s
DASH, BTG, VTC	Daily chainwork / 86400 / 10^9	GH/s
LTC	(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))	TH/s
XMR	(BlkCnt / 720) * DiffMean * 1000000	MH/s
ZEC	((DiffMean / 150) * 7000) / 10^9	GH/s
ETH, ETC	(DiffMean / BlkIntMean) / 10^12	TH/s

Release History

• Released in Network Data Pro (NDP) version 5.1

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

Miner Revenue per Hash

Definition

The mean miner reward per estimated hash unit performed during the period, in native units. The unit of hashpower measurement depends on the protocol.

Name	MetricID	Unit	Interval
Miner Revenue per Hash (native units)	RevHashNtv	Native units	1 day
Miner Revenue per Hash (USD)	RevHashUSD	USD	1 day

Asset-Specific Details

• Post Ethereum Merge, Miner Metrics have been deprecated

• Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

• Below are formulas and measurement units associated with each of the supported assets.

Asset	Hashrate Formula	Unit
BTC, BCH, BSV	(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))	TH/s
DASH, BTG, VTC	Daily chainwork / 86400 / 10^9	GH/s
LTC	(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))	TH/s
XMR	(BlkCnt / 720) * DiffMean * 1000000	MH/s
ZEC	((DiffMean / 150) * 7000) / 10^9	GH/s
ETH, ETC	(DiffMean / BlkIntMean) / 10^12	TH/s

Release History

• Release Version: NDP-EOD 4.8 (Nov, 2020)

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

Miner Revenue per Hash per Sec

Definition

The mean daily miner reward per estimated hash unit per second performed during the period, in native units. The unit of hashpower measurement depends on the protocol.

Name	MetricID	Unit	Interval
Miner Revenue per Hash per Sec (native units)	RevHashRateNtv	Native units	1 day
Miner Revenue per Hash per Sec (USD)	RevHashRateUSD	USD	1 day

Asset-Specific Details

• Post Ethereum Merge, Miner Metrics have been deprecated

• Hash rate calculations are specific to a protocol's mining algorithm, which often targets a time in between blocks.

• Below are formulas and measurement units associated with each of the supported assets.

Asset	Hashrate Formula	Unit
BTC, BCH, BSV	(BlkCnt / 144) * DiffMean * ((2^32 / 10^12) / 600))	TH/s
DASH, BTG, VTC	Daily chainwork / 86400 / 10^9	GH/s
LTC	(BlkCnt / 576) * DiffMean * ((2^32 / 10^12) / 150))	TH/s
XMR	(BlkCnt / 720) * DiffMean * 1000000	MH/s
ZEC	((DiffMean / 150) * 7000) / 10^9	GH/s
ETH, ETC	(DiffMean / BlkIntMean) / 10^12	TH/s

Release History

• Released in the version 4.9 of Network Data Pro

Availability for Assets

Coin Metrics CoverageCoin Metrics Coverage

API Endpoints

Hash Rate metrics can be accessed using these endpoints:

• timeseries/asset-metrics

and by passing in the metric ID's HashRate* in the metrics parameter.

Asset metrics

get

Returns requested metrics for specified assets. Results for block by block metrics (1b frequency) are ordered by tuple (asset, height, block_hash), all other metrics are ordered by tuple (asset, time). You can change the sorting using sort query parameter. Supported output formats are json (default) and csv, use format query parameter to override it. To fetch the next page of results use next_page_url JSON response field or x-next-page-url CSV HTTP header if present. If multiple metrics are requested in the same time the strict policy for partially available metrics among requested ones is applied:

Authorizations

Query parameters

assetsstring[]Required

Comma separated list of assets. Use the /catalog-all/assets endpoint for the full list of supported assets or specify asterisk (*) in order to get metrics for all supported assets.

metricsstring[]Required

Comma separated metrics to request time series data for. Information on all available metrics can be found on page https://coverage.coinmetrics.io/asset-metrics-v2. Use the /catalog-all/metrics or /catalog-all/assets endpoint for the full list of supported metrics per asset.

Example: ["AdrActCnt","BlkHgt"]

frequencystringOptional

Frequency of the metrics. Supported values are 1b (block by block), 1s (one second), 1m (one minute), 5m (five minutes), 10m (ten minutes), 1h (one hour), 1d (one day), 1d-ny-close (one day at New York close time). Please refer to the /catalog/metrics endpoint for the full list. Use the /catalog-all/assets endpoint for the full list of supported frequencies per asset-metric pair.

Default: 1dExample: 1b

statusstring · enumOptional

Which metric values do you want to see. Applicable only for "reviewable" metrics. You can find them in the /catalog/metrics endpoint.

Default: allPossible values:

start_timestringOptional

Start of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with start_height and start_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If start_time is omitted, response will include time series from the earliest time available.

end_timestringOptional

End of the time interval. This field refers to the time field in the response. Multiple formats of ISO 8601 are supported: 2006-01-20T00:00:00Z, 2006-01-20T00:00:00.000Z, 2006-01-20T00:00:00.123456Z, 2006-01-20T00:00:00.123456789Z, 2006-01-20, 20060120. Inclusive by default. Mutually exclusive with end_height and end_hash. UTC timezone by default. Z suffix is optional and timezone parameter has a priority over it. If end_time is omitted, response will include time series up to the latest time available.

start_heightinteger · int64Optional

The start height indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_hash.

end_heightinteger · int64Optional

The end height indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_hash. This parameter is disabled for Community users.

start_hashstringOptional

The start hash indicates the beginning block height for the set of data that are returned. Inclusive by default. Mutually exclusive with start_time and start_height.

end_hashstringOptional

The end hash indicates the ending block height for the set of data that are returned. Inclusive by default. Mutually exclusive with end_time and end_height.

start_inclusivebooleanOptional

Inclusive or exclusive corresponding start_* parameters.

Default: true

end_inclusivebooleanOptional

Inclusive or exclusive corresponding end_* parameters.

Default: true

min_confirmationsinteger · int32 · max: 99Optional

Specifies how many blocks behind the chain tip block by block metrics (1b frequency) are based on. Default for btc is 2 and 99 for eth. For example, a min_confirmations of 0 means metrics are being calculated for the block at the tip of the chain (the latest block received by our node) whereas a min_confirmations of 6 means that metrics are being applied to the block that is 6 blocks behind the chain tip (i.e., the 7th block if the chain tip is block 1).

timezonestringOptional

Timezone name for start_time and end_time timestamps. This parameter does not modify the output times, which are always UTC. Format is defined by TZ database.

Default: UTCExample: America/New_York

page_sizeinteger · int32 · min: 1 · max: 10000Optional

Number of items per single page of results. The value of this parameter is ignored if the endpoint supports the format parameter and its value is set to json_stream.

Default: 100

paging_fromstring · enumOptional

Where does the first page start, at the start of the interval or at the end. The value of this parameter is ignored if the endpoint supports the format parameter and its value is set to json_stream.

Default: endPossible values:

sortstring · enumOptional

How results will be sorted. Metrics with 1b frequency are sorted by (asset, height, block_hash) tuples by default. Metrics with other frequencies are sorted by (asset, time) by default. If you want to sort 1d metrics by (time, asset) you should choose time as value for the sort parameter. Sorting by time is useful if you request metrics for a set of assets.

Default: assetPossible values:

limit_per_assetinteger · int32Optional

How many entries per asset result should contain. For example, this combination of parameters assets=btc,eth&metrics=ReferenceRate&limit_per_asset=1 returns the latest ReferenceRate values for btc and eth.

prettybooleanOptional

Human-readable formatting of JSON responses.

Default: false

formatstring · enumOptional

Format of the response.

Default: jsonPossible values:

null_as_zerobooleanOptional

Nulls are represented as zeros in the response.

Default: false

next_page_tokenstringOptional

Token for receiving the results from the next page of a query. Should not be used directly. To iterate through pages just use next_page_url response field.

ignore_forbidden_errorsbooleanOptional

Ignore "forbidden" errors for the items you currently don't have access to.

Default: false

ignore_unsupported_errorsbooleanOptional

Ignore "unsupported" errors for not currently supported by Coin Metrics items.

Default: false

Responses

200

Time series of metrics for an asset.

application/jsontext/csv

400

Asset not found.

application/json

401

Requested resource requires authorization.

application/json

403

Requested resource is not available with supplied credentials.

application/json

414

Provided URI is too long. It must not be greater than 10000 symbols.

get

HTTPcURLJavaScriptPython

GET /v4/timeseries/asset-metrics HTTP/1.1
Host: api.coinmetrics.io
Accept: */*

{
  "data": [
    {
      "asset": "btc",
      "time": "2020-02-29T00:00:00.000000000Z",
      "PriceUSD": "8582.09029964933",
      "SplyBMXNtv": "283220.10827406",
      "SplyBMXNtv-status": "reviewed",
      "SplyBMXNtv-status-time": "2020-03-01T09:59:13.847251000Z"
    },
    {
      "asset": "btc",
      "time": "2020-03-01T00:00:00.000000000Z",
      "PriceUSD": "8541.77389392169",
      "SplyBMXNtv": "284691.32323907",
      "SplyBMXNtv-status": "reviewed",
      "SplyBMXNtv-status-time": "2020-03-02T14:00:02.622168000Z"
    }
  ],
  "next_page_token": "0.MjAyMC0wNi0wN1QwMDowMDowMFo,MjAyMC0wNi0wN1QwMDowMDowMFo",
  "next_page_url": "https://api.coinmetrics.io/v4/timeseries/asset-metrics?api_key=<your_key>&pretty=true&assets=btc&metrics=SplyBMXNtv,PriceUSD&page_size=2&next_page_token=0.MjAyMC0wNi0wN1QwMDowMDowMFo,MjAyMC0wNi0wN1QwMDowMDowMFo"
}

Shell

curl --compressed "https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=HashRate&assets=btc&pretty=true&api_key=<your_key>"

Python

import requests
response = requests.get('https://api.coinmetrics.io/v4/timeseries/asset-metrics?metrics=HashRate&assets=btc&pretty=true&api_key=<your_key>').json()
print(response)

Python Client

from coinmetrics.api_client import CoinMetricsClient

api_key = "<API_KEY>"
client = CoinMetricsClient(api_key)

print(
    client.get_asset_metrics(
        metrics="HashRate", 
        assets="btc",
    ).to_dataframe()
)