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Data / Hash ribbons / 2018

Hash ribbons in 2018

The 30- and 60-day averages of network hashrate, with every miner capitulation shaded.

Hashrate, 30-day average opened 2018 at 13.4 EH/s (January 1, 2018) and closed at 38.3 EH/s (December 31, 2018), up 186.3%. The high was 52.4 EH/s on October 19, 2018 and the low 13.4 EH/s on January 1, 2018.

Hashrate, 30-day average, month by month in 2018

MonthMonth end
January 201817.8 EH/s
February 201821.7 EH/s
March 201824.9 EH/s
April 201828.0 EH/s
May 201831.2 EH/s
June 201837.2 EH/s
July 201839.5 EH/s
August 201848.6 EH/s
September 201851.1 EH/s
October 201851.1 EH/s
November 201845.4 EH/s
December 201838.3 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 · 2017 · 2016 · 2015 · 2014 · 2013

Also in 2018: 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

The full history · CSV