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

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:

GEThttps://api.coinmetrics.io/v4/timeseries/asset-metrics

Authorization

api_key

Query parameters

Response

200400401403414

Time series of metrics for an asset.

Body

application/jsontext/csv

data*any

next_page_tokenNextPageToken (string)

Token of the next page results for a given request.

next_page_urlNextPageUrl (string)

URL of the next page results for a given request.

Response

200400401403

{
  "next_page_token": "text",
  "next_page_url": "text"
}

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()
)