Is the Monero network hashrate going up or down?

You need fresh network data to tell whether Monero’s hashrate is going up or down right now. I don’t have a live reading to confirm the direction, and a single number would not show a reliable trend anyway. Compare averages over several days or weeks rather than judging one sudden jump.

What the number tells you

Hashrate is the number of mining calculations performed each second. For Monero, it represents the combined computing effort miners put into finding blocks, which hold new transactions.

Nobody can directly count every miner’s calculations. Instead, a network hashrate figure is an estimate, usually based on mining difficulty and block timing.

Difficulty measures how much work it takes, on average, to find a valid block. Monero adjusts it every block to keep the average time between blocks near two minutes.

A useful rough estimate is:

Estimated network hashrate = difficulty ÷ 120 seconds

That gives you a value in hashes per second. An explorer may show larger units, such as GH/s, meaning billions of calculations per second. Check how the explorer calculates and averages its figure before comparing it with another source.

How you can check the direction

Open a live Monero block explorer or network statistics service and look for its historical hashrate or difficulty chart. A block explorer is a tool that shows information recorded on the blockchain.

For a useful comparison:

• Check the past week to see recent movement.
• Check the past month to see whether that movement is lasting.
• Compare averages over equal periods, such as this week against last week.
• Use the same source and units throughout your comparison.

If recent averages are consistently higher, the estimated hashrate is trending up. If they are consistently lower, it is trending down. If the chart repeatedly rises and falls within a similar range, “roughly steady” may be the most honest answer.

Short-term changes can reflect miners joining or leaving, but also the randomness of finding blocks. Difficulty responds over time, so the estimate is not an instant headcount of active machines.

What it means for solo mining and P2Pool

If network hashrate rises while your own mining speed stays unchanged, your share of the total computing power shrinks. You would generally expect to find solo blocks less often. If network hashrate falls, the reverse applies once difficulty responds.

Solo mining remains highly unpredictable. A lower difficulty does not promise that you will find a block soon.

P2Pool is a decentralized mining pool that lets miners combine their work without a central operator holding their payouts. Rising network difficulty also reduces expected rewards for a fixed amount of your mining work. P2Pool helps share the uncertainty of finding blocks; it does not remove competition from the wider network.

Running a Monero node lets you verify blocks yourself and inspect the latest difficulty. But running a node alone does not add mining hashrate—you must also run mining software.

The bottom line

To know whether Monero’s network hashrate is going up or down, check a live chart and compare weekly and monthly averages. For your solo or P2Pool plans, focus on sustained difficulty changes rather than a single spike, and use a live mining calculator for updated estimates—not guaranteed earnings.