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Data / Hash ribbons / 2022

Hash ribbons in 2022

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

Hashrate, 30-day average opened 2022 at 173.9 EH/s (January 1, 2022) and closed at 247.5 EH/s (December 31, 2022), up 42.3%. The high was 265.3 EH/s on November 13, 2022 and the low 173.8 EH/s on January 11, 2022.

Hashrate, 30-day average, month by month in 2022

MonthMonth end
January 2022187.6 EH/s
February 2022196.7 EH/s
March 2022201.1 EH/s
April 2022208.2 EH/s
May 2022218.7 EH/s
June 2022212.5 EH/s
July 2022199.6 EH/s
August 2022210.2 EH/s
September 2022226.9 EH/s
October 2022260.6 EH/s
November 2022257.4 EH/s
December 2022247.5 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 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016 · 2015 · 2014 · 2013

Also in 2022: 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