A month of shrinking machine power on Bitcoin, and yet the latest week ran the other way. Our node put hashrate, the total computing power securing the chain, at 950 EH/s on Oct 29, with a 7 day change of +3.8% against -10.3% over 30 days.
Difficulty, the bar miners must clear to win a block, stood at 148.36T. Blockspace stayed cheap, with fees at 2.0 sat/vB, and miners took in 452.4 BTC in revenue for the day.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=637, base +0.5%, 8y of records). History, not a forecast.
Difficulty, the bar miners must clear to win a block, stood at 148.36T. Blockspace stayed cheap, with fees at 2.0 sat/vB, and miners took in 452.4 BTC in revenue for the day.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=637, base +0.5%, 8y of records). History, not a forecast.
