A method for determining a rate of penetration of a drill bit during an earth drilling operation may comprise first urging an element to extend out from a working face of the drill bit. As drilling progresses, this extended element may then be forced back into the drill bit by an internal surface of a borehole being formed. A rate at which the element retracts back into the working face may be measured to aid in estimating a rate of penetration of the drill bit into the earth.