Blockchain data company Coin Metrics introduces new indicators to measure Bitcoin’s computing power

Blockchain data company Coin Metrics has proposed a new indicator to measure Bitcoin’s computing power, which aims to provide statistical support for financial products and help miners hedge against fluctuations in computing power. Coin Metrics explained that the current traditional computing power calculation cycle is 24 hours, which is combined with the difficulty of Bitcoin mining, and this new indicator expands the window cycle to 48 hours or 72 hours in order to better describe the computing power Volatility. Having better indicators of computing power will enable the creation of “financial derivatives tailored specifically for Bitcoin miners.” With reliable data, market makers can build futures contracts and bet on Bitcoin ’s future computing power. Investors provide another tradable market, and can also hedge the miners’ own operational risks.