Indicator Overview

The Network Hashrate indicator is a high-fidelity diagnostic tool designed to track the live computational power securing the Bitcoin network. By plotting the total estimated hashes per second, this tool visualises the Proof of Work energy and hardware commitment that underpins the network's immutable security.

The visual core of the tool is the segmented, colour-mapped hashrate trend that transitions based on absolute growth. This heatmap allows users to see the literal pulse of the network, identifying periods of explosive infrastructure expansion and mining equipment upgrades. It serves as a fundamental benchmark for network health, showing the real-world resource competition required to maintain the blockchain.

How To Use

Traders and analysts can use the Hashrate Heatmap to identify structural shifts in network security and miner deployment.

• Smoothing & SMA: Using the SMA select toggle, users can apply a 30-day or 1-year Moving Average. This filters out daily variance in block discovery times, revealing the macro trend of the network’s growth and helping to spot major infrastructure shifts.

• Infrastructure Cycles: Ascending segments typically correlate with bull market arms races where miners deploy new generation ASICs. Flat or descending segments often signal market stress where older, less efficient hardware is being phased out or temporarily powered down.