Hashrate Index Roundup (July 20, 2026)

Hello world, happy Monday!

TLDR

A green bag for this week's update: Bitcoin up, hashrate up, difficulty unchanged, fees up; hashprice is up.

Over the past week, miners collected a total of ~3,208 BTC in block rewards, equivalent to ~$204 million. Transaction fees constituted 0.65% of block rewards totalling 21 BTC, equivalent to ~$1.33 million.

Bitcoin

Bitcoin moved by 4.1% from ~$62,759 to a current price of ~$65,330. Year-to-date (YTD) performance stands at -25.3%.

Hashprice

USD hashprice moved 4.7% from $30.88 per PH/s/Day to a current $32.34 per PH/s/Day.

BTC hashprice moved 0.0% from 0.00049707 BTC per PH/s/Day to 0.00049705 BTC per PH/s/Day.

Based on fleetwide efficiency, bitcoin mining operations are currently earning the following bitcoin mining (SHA-256) compute revenues per watt-hour:

• Under 14 J/TH fleets —  $111 per MWh
• 14-19 J/TH fleets —  $81 per MWh
• 19-25 J/TH —  $61 per MWh
• 25-38 J/TH —  $42 per MWh

Hashrate & Difficulty

Network hashrate changed by 6.5%, with the 7-day simple moving average (SMA) moving from 880 EH/s to 937 EH/s. The 30-day SMA currently stands at 938 EH/s.

The latest difficulty adjustment took place on July 11, 2026, changing network difficulty by -5.00% to 127.17T.

Block times have averaged around 9m 45s over the past 24 hours.

We currently estimate +2.56% for the upcoming adjustment, expected to occur on July 25, 2026.

Sponsored by Luxor Firmware

At $32 per PH/s/Day, hashprice is at or below breakeven for many miners depending on operating cost and machine model type. Improve the hashrate and efficiency of your S19 and S21 series rigs by downloading LuxOS firmware today!

Transaction Fees

Over the past week, miners collected an average of 0.0208 BTC per block per day in transaction fees, +4% compared to the prior week's 0.0200 BTC

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $30.77 or 0.00048 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were mixed throughout the past week.

5-day changes to Bitcoin mining stocks as of last week's market close:

Have a great week, and Happy Hashing!

Footnotes

1. As of July 20, 2026 UTC 21:00. Values are subject to change.
2. Luxor estimates the adjustment date using average block times and blocks remaining in the epoch. Values are subject to change.
3. Luxor estimates the difficulty adjustment using average block times. Values are subject to change.