Bitcoin’s Hashrate
Happy Bitcoin Friday! — Oct. 24, 2025
Bitcoin’s Hashrate: The True North of the Network
When I think about Bitcoin’s long-term health and trajectory, there are three key metrics I look at consistently: Price, Hashrate, and Bitcoin Dominance. Each tells its own story about where Bitcoin stands today and where it’s headed next.
While price grabs the headlines, and dominance hints at Bitcoin’s standing within the broader crypto landscape, hashrate gives us something more fundamental.
Hashrate is a direct view into the heartbeat of the Bitcoin network itself.
What Hashrate Actually Measures
Hashrate is the measure of total computational power being used to secure the Bitcoin network. It represents the combined effort of every miner around the world working to find new blocks and confirm transactions.
It’s a measure of:
Network health: how robust and active the system is
Security: how resistant Bitcoin is to attacks or disruptions
Adoption: how much real-world energy and infrastructure are being devoted to maintaining the network
In short:
Hashrate shows the strength of Bitcoin’s foundation.
The Relationship Between Miners and Hashrate
Hashrate doesn’t exist on its own.
It comes from miners.
Miners are the physical backbone of Bitcoin. They invest capital, acquire specialized hardware, and dedicate electricity to solving complex cryptographic puzzles. In return, they earn block rewards and transaction fees in bitcoin.
The more miners join the network, the higher the hashrate climbs. And as hashrate increases, Bitcoin becomes more secure, more decentralized, and more resilient.
It becomes harder to attack, harder to censor, and harder to stop.
Mining literally anchors Bitcoin to the real world, transforming electricity and computation into digital scarcity.
Hashrate vs. Price
Hashrate and price often move in the same direction, but not always at the same time.
Price is reactive. It’s influenced by emotion, speculation, macroeconomics, and liquidity. Hashrate, on the other hand, is structural. It reflects long-term investment and confidence in Bitcoin’s future.
When hashrate rises, it tells us miners are doubling down, expanding operations, building infrastructure, and securing more hash power even if short-term price action doesn’t justify it immediately.
That’s why hashrate growth often leads price growth. The builders move first.
Price fluctuates.
Hashrate compounds.
If price is the needle of the compass, hashrate is the true north.
Why Hashrate Matters for the Future
Every day, as more miners come online, Bitcoin’s security budget strengthens. Each increase in hashrate makes the network more tamper-resistant and signals that more capital, energy, and belief are flowing into the system.
It’s also one of the clearest signals of adoption in the physical world, not just online speculation or financial hype. You can’t fake hashrate. You can’t inflate it with marketing or narrative. It’s earned through work, hardware, and power.
That’s what makes it one of the most powerful indicators of Bitcoin’s inevitability.
Closing Thoughts
Price will always be the most visible metric. But if you want to understand Bitcoin’s health and momentum, look beneath the surface.
Hashrate is Bitcoin’s proof of life.
It grows because people all over the world believe that dedicating real-world energy to secure this digital network is worth it.
That dedication—the electricity, hardware, and effort poured into mining—is what makes Bitcoin’s proof of work system so powerful. It’s not just a mechanism for consensus; it’s a display of commitment.
And every time that hashrate chart bends upward, parabolic and relentless, it’s a reminder that Bitcoin’s foundation is not just intact, it’s accelerating.
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Enjoy the weekend!
I am not an investment or financial advisor. All opinions expressed are mine alone. Read the full DISCLAIMER on the About page.
HODL on Garth.