Hashrate Index Roundup (March 23, 2026)

Hello world, happy Monday!

TLDR

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

Over the past week, miners collected a total of ~3,169 BTC in block rewards, equivalent to ~$225 million. Transaction fees constituted 0.61% of block rewards totalling 19 BTC, equivalent to ~$1.4 million.

Bitcoin

Bitcoin moved by -4.1% from ~$73,607 to a current price of ~$70,560. Year-to-date (YTD) performance stands at -19.3%.

Hashprice

USD hashprice moved +4.9% from $32.08 per PH/s/Day to a current $33.65 per PH/s/Day.

BTC hashprice moved +8.3% from 0.00043606 BTC per PH/s/Day to 0.00047209 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 19 J/TH fleets — $79 per MWh
• 19-25 J/TH — $61 per MWh
• 25-38 J/TH — $42 per MWh

Hashrate & Difficulty

Network hashrate changed by +1.8%, with the 7-day simple moving average (SMA) moving from 950 EH/s to 967 EH/s. The 30-day SMA currently stands at 1,007 EH/s.

The latest difficulty adjustment took place on March 20, changing network difficulty by -7.76% to 133.79T.

Block times have averaged around 9 minutes 38 seconds over the past 24 hours.

We currently estimate* +4.75% for the upcoming adjustment, expected to occur on April 3.

*This estimate should be taken with a grain of salt given that we are so early into a difficulty epoch. Early on, difficulty predictions are relatively shaky because of short-term variance. However, as time (or blocks) pass, the noise fades and the signal sharpens.

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Transaction Fees

Over the past week, miners collected an average of 0.0190 BTC (-5%) per block per day in transaction fees, 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 $30.42 or 0.00044 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were down over 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 March 23, 2026 UTC 16:00. 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.