Miners closed October with far more computing power behind Bitcoin than a month earlier, and the final week barely moved. Our node put hashrate, the total computing power securing the chain, at 1025 EH/s on Oct 31, up +13.4% over 30 days and -0.1% over 7 days.
Difficulty, the bar every miner has to clear to find a block, stood at 148.36T that day.
Getting a transaction into a block stayed cheap, with fees at 1.0 sat/vB, and miners took in 461.6 BTC in revenue.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=639, base +0.5%, 8y of records). History, not a forecast.
Difficulty, the bar every miner has to clear to find a block, stood at 148.36T that day.
Getting a transaction into a block stayed cheap, with fees at 1.0 sat/vB, and miners took in 461.6 BTC in revenue.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=639, base +0.5%, 8y of records). History, not a forecast.
