Hashprice is a key metric for Bitcoin miners that shows how much revenue can be earned per unit of mining power (petahash) per day. It is influenced by Bitcoin price, network difficulty, transaction fees, and block subsidies. Higher hashprice means mining is more profitable. Lower hashprice indicates reduced mining profitability.
Hashprice describes how much revenue miners generate per deployed petahash (PH/s) of computational power. It can be expressed in BTC or USD and serves as the central metric for evaluating mining profitability. At its core, hashprice measures the efficiency of the mining market — how much revenue a specific amount of hashrate generates per day.
The calculation occurs in two steps:
Bitcoin Hashprice Formula
This value shows how many bitcoin are earned per PH/s per day.
Formula to denominate Hashprice in USD
The USD hashprice translates the bitcoin revenue into daily income denominated in U.S. dollars. It is particularly relevant for financial models, ROI calculations, and investment decisions.
Hashprice connects technical network data with economic reality. It shows how much value each unit of hashrate currently generates, forming the foundation for every serious mining analysis.
A single hashprice value means little on its own. Only when analyzed in temporal and structural context does it become meaningful. Using trend analysis, statistical bands, and event data, one can clearly identify market phases, extremes, and opportunities.
Hashprice is not just a snapshot — it’s a mirror of Bitcoin mining’s history. Major events in the network or the broader market leave visible traces in its trajectory. Those who understand these regime shifts can recognize recurring patterns and derive strategic insights.
Several key phases stand out in retrospect:
The history of hashprice demonstrates that Bitcoin mining operates in clear cyclical regimes (expansion, overheating, adjustment, and recovery). Those who understand these cycles can not only mitigate risks but also invest countercyclically to achieve above-average returns.