IntoTheBlock Resources
PerspectivesBlockchain AnalyticsDeFiCapital MarketsNFT Analytics
  • πŸ‘‹Welcome to IntoTheBlock Resources
  • πŸ“ŒGetting Started
    • Start exploring
    • πŸ”What's New at IntoTheBlock?
  • Blockchain Analytics
    • Token Summary
    • Actionable Signals
      • On-Chain Signals
      • Exchange Signals
      • Derivatives
  • Indicators
    • Financial
      • In/Out of the Money
        • Global In/Out of the Money
        • In/Out of the Money Around Price
        • Historical In/Out of the Money
        • Active Addresses by Profitability
        • Historical Active Addresses by Profitability
      • Break Even Price
        • Break Even Price
        • Historical Break Even Price
      • Large Transactions
        • Number of Large Transactions
        • Large Transactions Volume
        • Large Transactions Volume in USD
      • Bulls and Bears
      • Price
      • Market Cap
      • Market Value to Realized Value Ratio
      • Network Value to Transaction (NVT) Ratio
      • Asset Market Cap Comparison
      • Average Transactions Size
      • Average Balance
      • Volatility
      • Tail Risk & Skewness
      • Beta Coefficient
      • Correlation Matrix
      • Historical Correlations
      • Issuance
      • Circulating Supply
    • Network
      • Total Fees
      • Average Transaction Fee
      • Addresses Stats
        • Daily Active Addresses
        • Total Addresses
        • Active Addresses Ratio
        • Activity to Fee Ratio
        • New Adoption Rate
        • Address Birth-Death Ratio
      • Transaction Stats
        • Number of Transactions
        • Transaction Count by Size
        • Transactions Volume
        • Transactions Volume in USD
        • Transaction Volume in USD by Size
      • East vs. West
      • Average Time Between Transactions
      • Average Time Token is Held
      • Holding Time Of Transacted Coins
      • Unspent Transactions Outputs
        • Created Unspent Transaction Outputs
        • Spent Unspent Transaction Outputs
        • Unspent Transaction Outputs Age
    • Ownership
      • By Concentration
        • Whales
        • Investors
        • Concentration
        • Historical Concentration
        • Large Holders Inflow
        • Large Holders Outflow
        • Large Holders Netflow
      • By Time Held
        • Addresses by Time Held
        • Balance by Time Held
      • All Time Highers / Lowers
      • Holdings Distribution
        • Addresses by Holdings
        • Balance by Holdings
        • Holdings Distribution Matrix
    • Mining
      • Miner Reserves
      • Miner Inflows
      • Miner Outflows
      • Miner Netflows
      • Miner Total Flows
      • Miner Flows Volume Share
      • Hash Rate
      • Hash Rate Distribution
      • Miner Rewards
      • Miner Rewards Volume Share
    • Exchanges
      • On-Chain Flows
        • Inflow Volume
        • Inflow Transaction Count
        • Outflow Volume
        • Outflow Transaction Count
        • Net Flows
        • Large Holders Netflow to Exchange Netflow Ratio
        • Total Flows
      • Order Books
        • Bid-Ask Spread
        • Exchange-Onchain Market Depth
        • Trades per Side
    • Social
      • Telegram
        • Telegram Members
        • Telegram Sentiment
      • Twitter Sentiment
      • GitHub
      • Search Trends
      • News Keys Topics
    • Derivatives
      • Perpetual Swaps
        • Price
        • Funding Rate
        • Volume
        • Open Interest
        • Open Interest to Market Cap Ratio
        • Turnover Ratio
        • Basis
        • Volume Rank
        • Open Interest Rank
      • Futures
        • Price
        • Volume
        • Open Interest
        • Turnover Ratio
        • Contango/Backwardation Basis
        • Annualized % Return
        • Volume Rank
        • Open Interest Rank
        • Contract Volume Rank
        • Contract Open Interest Rank
    • Runes
      • Number of Runes Minted
      • Mint Fee
      • UTXOs Mints
      • Number of Runes Transferred
      • UTXOs Transfers
      • Total Runes Fees
      • Ratio of Runes Transactions Fees to other Transactions Fees
      • Ratio of Runes Transactions to other Transactions
  • Predictions
    • Predictions Overview
    • How Can I Use Them?
  • DeFi Insights
  • What is DeFi?
  • General Insights
    • DeFi Tokens Market Cap
    • DeFi Tokens to Ethereum Market Cap Ratio
    • Total Value Locked
    • Top 5 Value Locked
    • Ethereum Supply Locked
    • Bitcoin Locked on Ethereum
  • Network
    • DeFi Tokens Active Addresses
    • DeFi Token Holders
    • Ethereum Fees
    • Gas Costs Heatmap
    • Daily Gas Costs
  • Lending
  • DEXes
    • Top Traded Pairs/Pools
    • Most Liquid Pairs/Pools
  • Capital Markets Insights
    • Price Performance
    • Correlation Matrix
    • Historical Correlation
    • Sharpe Ratio
    • Sortino Ratio
    • Volatility
    • Average Intra-Day Move
  • Ethereum Specific Indicators
    • Average Basefee
    • Average Priority Fee
    • Average Transaction Fee Savings
    • Total ETH Staked
    • Number of Depositors in Staking Contract
    • Staking Age
    • Staking Services Market Share
  • Tron Specific Indicators
    • Energy
    • Bandwidth
  • NFT Insights
    • General Activity
      • Top NFT Sales
      • Volume Traded by NFTs
      • Created NFT Collections
      • Addresses That Used NFTs
      • Number of NFT Sales
      • Unique Collections Purchased
    • All Collections
      • Most Valuable NFT Collections
      • Trending Collections
      • Collections With Most Unique Owners
      • Booming NFT Collections
      • All-time Most Traded Collections
    • Collectors
      • Top NFT Collectors
      • Top NFT Collectors' Performance
      • Shopping List
    • Explore By Collection
      • Price and Volume
      • Market Cap
      • In/Out of the Money
      • Holders' Variation
      • Listings Variation
      • Sales
      • Historical Concentration
      • Sales By Size
Powered by GitBook
On this page
  • Overview
  • πŸ’‘ How can I use it?
  • πŸ‘‡πŸΌ Even more - Articles Using This Indicator

Was this helpful?

  1. Indicators
  2. Mining

Hash Rate Distribution

Last updated 3 years ago

Was this helpful?

Overview

The Hash Rate is a measure of the aggregate computing power provided by miners in a Proof of Work (PoW) blockchain. The distribution of hash rate points out how the contribution of computing resources is split across mining pools.

Small mining pools are aggregated in the β€˜other’ category, while independent miners not connected to any mining pool are classified as β€˜unknown’.

πŸ’‘ How can I use it?

Hash Rate Distribution for Bitcoin

The hash rate distribution metric is valuable to assess the dominance of particular mining pools and their concentration. In theory, having multiple mining pools where each pool has a small percentage of the hash rate suggests high decentralization, and therefore greater censorship-resistance for a blockchain.

πŸ‘‡πŸΌ Even more - Articles Using This Indicator

Although miners globally can participate in virtually any mining pool, they do tend to follow local patterns. This became apparent with the , which led to a decrease of 30% and 60% in the Binance and Huobi pools (which have large propositions of Chinese miners).

Chinese crypto mining migration