Definition

This metric presents the percent change of the Bitcoin hash rate adjustment.

Quick Take

• Over a 7DMA, Bitcoin hash rate hit 300 TH/s and continues to put in new highs.
• During 2023, the hash rate has only had five single downward adjustments to show the consistency of the network and its current strength.
• The hash rate has grown by 34% YOY and 50% over the past two years.
• The China ban during the summer of 2021 was the biggest single event that affected the hash rate, which saw a drop of 35%.

Hash Rate adjustment: (Source: Glassnode)

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