Miners turn electricity into blocks and earn new coins plus fees for it. HashratehashrateThe total computing power securing the Bitcoin network, in hashes per second — a measure of how much work backs the chain.See it on the site → measures the computing power they point at the network, difficultydifficultyA protocol setting that adjusts every ~2 weeks to keep blocks arriving about every 10 minutes, rising and falling with hashrate.See it on the site → is how hard the protocol makes each block, and hashpricehashpriceWhat a miner earns per unit of hashpower per day — revenue divided by hashrate. It falls as competition rises or price drops.See it on the site → and the Puell MultiplePuell MultipleDaily mining issuance value (new coins × price) divided by its own 365-day average — a proxy for how rich or lean miner revenue is right now.See it on the site → describe how well that work pays.
mempool.space estimates the next retargetretargetThe difficulty reset: every 2,016 blocks (about two weeks) Bitcoin re-tunes how hard mining is, so blocks keep coming about every 10 minutes.See it on the site →, at block 973,728 around October 30, at +2.44%.
from Bitcoin Difficulty Rose 5.92% at Block 971,712, the Largest Increase Since June →Lit lines are this topic's links. Pick another topic to compare.
what the lit lines mean
The hub: where Bitcoin's price sits against its own trend and history.
The four-year issuance clock, drawdowns and what holding through them looked like.
The machines securing the chain: how much computing they run, how hard mining is, and what they earn.
The bridge: the electricity behind mining, and the oil, gas and power shocks that tie Bitcoin to macro.
Conflicts, sanctions and state moves that spill into money and energy.
Laws, regulators and strategic-reserve bills, country by country and state by state.
Rates, the dollar, inflation and liquidity: the tide every asset swims in.
explainer · computed from this site's data
Why miners' income per machine keeps falling unless price keeps up, in four steps. Each links to its full working.