Essential Tools for Bitcoin Miners

BTC.com and Braiins provide a Bitcoin network hashrate explorer, displaying the current network hashrate using the latest 7-day average values (1, 3, and 14-day averages are also supported). Understanding the daily fluctuations in network hashrate is crucial, as media headlines often misinterpret the significance of sudden changes without considering the daily averages.

For historical network hashrate, tools like CoinMetrics, The Block Data Dashboard, and Luxor are essential. It’s important to use at least a 7-day moving average when examining historical hashrate data. CoinMetrics allows users to download raw data, while The Block’s data dashboard simplifies integrating hashrate charts into a website’s content management system.

In addition to the network hashrate, real-time pool hashrates provide another perspective by summing real-time data from individual pool APIs. This indicator is valuable for identifying whether the network or a specific pool has experienced significant changes in hashrate due to recent events, such as the crackdown on Bitcoin mining in China in June 2021.

Luxor mining pool introduces the Hashprice, measuring the dollar income that 1 TH/s or 1 PH/s of hashrate can generate in 24 hours. It considers both changes in Bitcoin network hashrate and daily bitcoin price volatility. The mining pool also tracks the Bitcoin ASIC Index based on equipment price data from its brokerage service, manufacturer websites, and other third-party channels.