Hashrate Index Roundup (March 9, 2026)

Hello world, happy Monday!

TLDR

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

Over the past week, miners collected a total of ~3,168 BTC in block rewards, equivalent to ~$219 million. Transaction fees constituted 0.59% of block rewards totalling 18 BTC, equivalent to ~$1.3 million.

Bitcoin

Bitcoin trended up throughout the past week, increasing by 3.1% from ~$66,799 to a current price of ~$68,869. Year-to-date (YTD) performance stands at -21.2%.

Hashprice

USD hashprice moved -0.1% from $30.20 per PH/s/Day to a current $30.18 per PH/s/Day.

BTC hashprice moved -0.6% from 0.00043839 BTC per PH/s/Day to 0.00043568 BTC per PH/s/Day.

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

• Under 19 J/TH fleets — $72 per MWh
• 19-25 J/TH — $56 per MWh
• 25-38 J/TH — $38 per MWh

Hashrate & Difficulty

Network hashrate fell by 4.3%, with the 7-day simple moving average (SMA) moving from 1,068 EH/s to 1,022 EH/s. The 30-day SMA currently stands at 1,042 EH/s.

The latest difficulty adjustment took place on March 5, changing network difficulty by +0.45% to 145.04T.

Block times have averaged around 10 minutes 17 seconds over the past 24 hours.

We currently estimate -2.77% for the upcoming adjustment, expected to occur on March 19.

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Transaction Fees

Over the past week, miners collected an average of 0.0183 BTC (-5%) per block per day in transaction fees, compared to the prior week's 0.0193 BTC.

Looking Forward

For this week's Hashrate Forward Market update, the forward market is pricing in an average hashprice of $29.00 or 0.00040 BTC over the next six months.

Bitcoin Mining Stocks

Bitcoin mining stock trends were mixed throughout the past week, reflecting a -9.1% change in our Bitcoin Mining Stock Index.

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 9, 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.