Definition
Network hashrate is estimated by observing how quickly blocks are being found relative to the current difficulty. It cannot be measured directly. As of 2024-2025, Bitcoin’s network hashrate regularly exceeds 600 EH/s.
Network hashrate trends are important for miners because they indicate competitive pressure. Rising network hashrate (with constant difficulty) means blocks are found faster, leading to difficulty increases. For individual miners, higher network hashrate means a smaller share of block rewards.
In Simple Terms
The total computing power of all Bitcoin miners combined. Higher network hashrate means more competition.
Network Hashrate is a term used in Bitcoin mining related to network & protocol.
Also known as: Total hashrate, Global hashrate.
Network hashrate is estimated by observing how quickly blocks are being found relative to the current difficulty. It cannot be measured directly. As of 2024-2025, Bitcoin’s network hashrate regularly exceeds 600 EH/s.
Network hashrate trends are important for miners because they indicate competitive pressure. Rising network hashrate (with constant difficulty) means blocks are found faster, leading to difficulty increases. For individual miners, higher network hashrate means a smaller share of block rewards.
Understanding network hashrate is important for Bitcoin miners because it directly impacts mining operations, hardware selection, or profitability calculations. Whether you are a home miner running a Bitaxe or operating a larger ASIC setup, this concept helps inform better mining decisions.
Related terms: Hashrate, Difficulty, Difficulty Adjustment.