Kraken proposes measuring Bitcoin's hashrate with statistical ranges due to randomness of block times

posted 17 days ago
Hashrate data is inconsistent amongst public data sources because of the randomness in Bitcoin block times. Kraken believes establishing a hashrate range, rather than a single data point, depicts a more accurate picture.

Kraken's metric establishes a range with a statistical confidence level of 95% to estimate a lower and upper bound for hashrate. Instead of providing users with a single data point, setting a range offers a more accurate hashrate estimate. It further helps determine potential volatility in mining sentiment. It's worth mentioning that Bitcoin's hashrate volatility has declined in recent years, suggesting mining is becoming a more mature and stable industry.

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