Total Hash Rate
Indicates the total computational power securing Bitcoin. Rising hash rate suggests stronger network security and more miner competition—key context for profitability and hardware planning.
Bitcoin On-Chain Metrics: What to Watch & Why
A curated list of the most useful Bitcoin on-chain metrics for miners and investors—what each metric means, why it matters, and a direct link to the authoritative chart. All source charts are from Blockchain.com Charts.
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Network Difficulty
The protocol’s automatic adjustment that keeps ~10-minute blocks. Difficulty drives how hard it is to find blocks, directly affecting miner revenue per terahash and informing ROI models.
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Mempool Size
Reflects unconfirmed transaction backlog. Large mempool → higher fee pressure and longer confirmation times—useful for anticipating fee spikes and revenue mix (subsidy vs fees).
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Confirmed Transactions per Day
A proxy for on-chain demand and economic throughput. Rising transactions often correlate with higher fee revenue and network vibrancy.
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Fees per Transaction (USD)
Measures average fees paid. Crucial for miners modeling revenue beyond block subsidy, especially during congestion or post-halving periods.
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Average Block Size
Shows how much block space is being used. Higher utilization can imply sustained demand and fee competitiveness among transactions.
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Unique Addresses per Day
A rough indicator of user activity and network reach (with caveats). Sustained growth can signal adoption and broader transaction demand.
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Miners’ Revenue (USD)
Tracks combined block subsidy and fees in USD terms. Core signal for miner cash-flow, break-even analysis, and hardware scaling decisions.
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Blockchain Size
Cumulative size of the Bitcoin ledger (excl. DB indexes). Relevant for node operations, storage planning, and understanding long-term scalability.