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Bitcoin mining

Network power, miner revenue and difficulty.

Mining charts show how much computing power secures Bitcoin, what miners earn each day and how the network keeps blocks about 10 minutes apart. Hashrate and difficulty describe the network; revenue and the Puell Multiple describe miner income. They do not measure operating costs or profit.

Today’s reading · data for (UTC)

Revenue is not profit

Revenue multiples exclude the cost of power, hardware and financing. A low multiple alone does not prove that all miners are losing money.

Read with valuation

Compare miner revenue with market-wide cost basis and holder profitability rather than treating issuance revenue as a standalone price forecast.

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5 mining charts

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Charts show the data. Insight reads the week.

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  • Where do price, holders and demand disagree?
  • Which changes deserve a closer look?
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FAQ

Mining, explained

What does mining cover?

Mining charts show how much computing power secures Bitcoin, what miners earn each day and how the network keeps blocks about 10 minutes apart. Hashrate and difficulty describe the network; revenue and the Puell Multiple describe miner income. They do not measure operating costs or profit.

How should the mining charts be read together?

Compare the dates and units first. The charts describe different aspects of the same market and are not interchangeable buy or sell signals.

How often are the mining readings updated?

Once a day, from full UTC days. Each chart displays its own date and keeps its last verified version when new data fails validation.

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