Bitcoin's computing power took a sharp step down in the week to Nov 6, yet it ended that day close to where it stood a month earlier. Our node read the hashrate, the total power miners point at the chain, at 967 EH/s. That is -15.0% over 7 days against only -1.6% over 30 days.
Difficulty, the bar a miner has to clear to find a block, read 148.36T on the day. Blockspace was cheap, with fees at 2.0 sat/vB, and miners took in 416.5 BTC in total revenue.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=631, base +0.5%, 8y of records). History, not a forecast.
Difficulty, the bar a miner has to clear to find a block, read 148.36T on the day. Blockspace was cheap, with fees at 2.0 sat/vB, and miners took in 416.5 BTC in total revenue.
Since 2017, days in this very high band saw a median +0.1% BTC move over the next 7d (n=631, base +0.5%, 8y of records). History, not a forecast.
