What is hashprice?
Definition · Hashprice
The expected revenue from one unit of mining power for one day, usually in BTC per PH/s per day or USD per TH/s per day. It’s the revenue side of every mining calculation, before any costs.
Bitcoin pays about 144 blocks a day to whoever finds them. If you bring a slice of the network’s hashrate, you can expect the same slice of those rewards over time. Hashprice is that expectation, scaled to a standard unit so any miner can multiply it by their own hashrate.
It’s an average. A solo miner might find nothing for months, then a whole block. A pool smooths that out, and pools that pay on FPPS pay close to hashprice every day, minus their fee.
How is hashprice quoted?
The same number goes by several units. They’re all the same thing, scaled.
0.00047610BTC
BTC per PH/s per day
How most data sites and this page quote it
0.0000004761BTC
BTC per TH/s per day
Handy for a single machine
$40.29
USD per PH/s per day
Common in miners’ reports
$0.0403
USD per TH/s per day
Easiest to compare with a power bill
1 PH/s is 1,000 TH/s. A current air-cooled machine does roughly 200 to 270 TH/s, so the TH/s figure times your machine’s rating gives its expected daily revenue.
How has hashprice changed?
The long-run drift is down, because hashrate keeps growing and halvings cut the subsidy. In dollars the line is bumpier: it rides the bitcoin price.
Hashprice history
USD per TH/s per day, daily · gross revenue, before costs
Show the last 4 days as a table
| Date | Hashprice |
|---|---|
| 28 Sep 2026 | $0.0403 |
| 27 Sep 2026 | $0.0402 |
| 26 Sep 2026 | $0.0400 |
| 25 Sep 2026 | $0.0402 |
The daily numbers behind the chart are open. Grab them from our open dataset as JSON or CSV.
How is hashprice calculated?
Today’s hashprice, worked out
144
blocks a day (one every 10 minutes)
3.142 BTC
average reward per block (subsidy plus fees)
950,312 PH/s
whole network’s hashrate
0.00047610BTC
hashprice: expected BTC per PH/s per day
0.00047610BTC
BTC per PH/s per day
$84,628
bitcoin price
1,000
TH/s in one PH/s
$0.0403
hashprice: expected USD per TH/s per day
Our dataset works it out block by block. Each block’s reward (subsidy plus fees) is divided by the work that block needed, which comes from its difficulty, then scaled to 1 PH/s for a day. Using difficulty instead of the number of blocks actually found keeps luck out of the figure. That’s the same idea FPPS pools pay on.
What makes hashprice go up or down?
Four inputs. Two of them change every day, two of them in steps.
950 EH/s
Network hashrate
live
132.8 trillion
Difficulty
live
$84,628
Bitcoin price
live
0.5%
Fees, share of reward
last day of blocks
Difficulty and hashrate
↓ when it grows
More machines share the same 144 blocks. Difficulty follows every 2,016 blocks and locks the change in.
Mining difficulty →Bitcoin price
↑ with the price
Only moves the dollar figure. The BTC figure doesn’t care.
Is mining profitable? →Transaction fees
↑ when blocks are busy
Fees ride on top of the subsidy. They’re usually a few percent of the reward, with spikes.
How pools pay fees →The halving
÷ 2 in 2028
Every 210,000 blocks the subsidy halves. Overnight, most of hashprice goes with it.
The next halving →Hashprice lab
Move one input at a time and watch today’s hashprice respond.
What-if hashprice
$0.0403 /TH/day
0.00047591 BTC /PH/day
±0%
against today’s live figure
A what-if, not a forecast. Each input moves on its own while the others hold at today’s values.
Is hashprice the same as profit?
No. Hashprice is what comes in. A miner still pays the pool’s cut, the power bill, cooling, repairs and the machine itself. Here’s one example machine at today’s hashprice.
Antminer S21 for one day: from hashprice to what’s left
Hashprice × 200 TH/s
Pool fee (2%)
Electricity at 8¢
Left before the machine
Divide hashprice by the machine’s daily energy per TH/s and you get the highest power price it can pay. For this one it’s about 9.6¢ per kWh today. Try other machines and tariffs in is Bitcoin mining profitable? or the mining profit calculator.
How does hashprice compare with the hashpower market?
You can also rent hashpower instead of running machines. Marketplaces like NiceHash and MiningRigRentals set a price per unit of hashrate per day, and that price tends to sit near hashprice: if renting cost far more than mining earns, few would buy it, and if it cost far less, buyers would snap it up.
We track both marketplaces next to hashprice every day. See the live figures and the gap between them in the hashpower market.
Can you mine without paying for power?
Yes. With CloudMineCrypto you mine for free: claim a free 8-hour plan, add more plans from ads, games, offers and daily check-ins, and your BTC balance grows while they run. No machine, no noise, no power bill, and you withdraw to your own wallet, Lightning included. The app’s reward estimates use the same idea as hashprice: your plan’s hashrate as a share of the network, times the block reward.
Frequently asked questions
What is hashprice in Bitcoin mining?
Hashprice is the revenue one unit of mining power is expected to earn in a day. It’s usually quoted in BTC per PH/s per day or USD per TH/s per day, and it’s gross: before electricity, pool fees and hardware.
How is hashprice calculated?
Take the 144 blocks found in a day, multiply by the average reward per block (subsidy plus fees), and divide by the network hashrate. That gives BTC per unit of hashrate per day. Multiply by the bitcoin price for the dollar figure.
Why does hashprice go down over time?
Mostly because the network keeps adding hashrate while the number of blocks stays fixed, so each unit of hashrate gets a smaller slice. Every halving also cuts the subsidy part of the reward in half. A rising bitcoin price or busy fee markets can push it back up.
Is hashprice the same as mining profit?
No. Hashprice is revenue. Profit is what’s left after the pool fee, electricity, cooling, repairs and the price of the machine. Two miners with the same hashprice can end up far apart because their power prices differ.
What is a good hashprice?
There’s no fixed good number. What matters is how hashprice compares with your costs. Divide it by your machine’s daily energy use per TH/s to get the highest electricity price you can pay and still cover power.
How often does hashprice change?
Every block, in theory. In practice it moves with the bitcoin price all day, with fees as blocks fill up, and in steps every 2,016 blocks when difficulty adjusts. Our figure on this page refreshes about every 10 minutes.
Where can I download hashprice history?
Our daily dataset, with hashprice, network hashrate, difficulty, fee share and hashpower-market prices, is free under CC BY 4.0 as JSON and CSV. See the data page for the fields and methodology.
Sources and further reading
- Difficulty: how it relates to hashrate and expected blocks · Bitcoin Wiki
- Target · Bitcoin Wiki
- Controlled supply (block subsidy and halvings) · Bitcoin Wiki
- Mining pool reward FAQ (PPS, FPPS and friends) · Bitcoin Wiki
- Mining guide: solo and pool mining · Bitcoin developer documentation
- Hashrate Index · Luxor
Live figures on this page come from the CloudMineCrypto API or from the public blockchain data services named next to them, refresh on a schedule, and are labelled where they appear. This guide is educational and not financial advice. CloudMineCrypto is not an investment product; rewards in the app are estimates and aren’t guaranteed.
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