Firsthand Bitcoin · Data · Bitcoin miners
Data / Hash ribbons / 2016
The 30- and 60-day averages of network hashrate, with every miner capitulation shaded.
Hashrate, 30-day average opened 2016 at 0.7 EH/s (January 1, 2016) and closed at 2.3 EH/s (December 31, 2016), up 229.1%. The high was 2.3 EH/s on December 31, 2016 and the low 0.7 EH/s on January 1, 2016.
| Month | Month end |
|---|---|
| January 2016 | 0.9 EH/s |
| February 2016 | 1.1 EH/s |
| March 2016 | 1.2 EH/s |
| April 2016 | 1.3 EH/s |
| May 2016 | 1.4 EH/s |
| June 2016 | 1.5 EH/s |
| July 2016 | 1.5 EH/s |
| August 2016 | 1.6 EH/s |
| September 2016 | 1.7 EH/s |
| October 2016 | 1.8 EH/s |
| November 2016 | 2.0 EH/s |
| December 2016 | 2.3 EH/s |
When the 30-day average of hashrate drops below the 60-day, miners are switching machines off faster than new ones arrive — a capitulation, shaded here. The moment the 30-day crosses back above is the classic hash-ribbons buy signal.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2015 · 2014 · 2013
Also in 2016: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price