Hashprice
Hashprice is the price of hashrate: how much money one terahash per second earns over a day of work. It is the central market variable in all of mining economics.
What hashprice is
A miner's income breaks down into two factors: how many terahashes your asic produces and how much each one pays. The first factor is printed on the ASIC's spec sheet and barely moves. The second one is hashprice, and it lives a life of its own.
Hashprice hides three things at once: the coin's price, network difficulty, and the fees inside blocks. Coin price goes up, hashprice goes up. New asics arrive, difficulty climbs, hashprice sags. The network gets jammed with transactions, fees get fat, hashprice ticks up a little. Watching this one number is easier than tracking all three.
It is usually quoted in dollars per TH/s per day, and for Bitcoin there are public indexes. The exact value changes daily, which is why we don't print it here: any figure would go stale before you finish reading. The order of magnitude in recent years has been tens of cents per terahash per day, with swings of several times between bottom and peak.
For you, hashprice is the market's thermometer. Multiply it by your miner's hashrate and you get daily revenue. Subtract electricity and you see whether you are in the black today or not. Everything else in mining economics derives from those two lines.
Quick reference table
| What it shows | income of one TH/s per day |
| Unit for SHA-256 | dollars per TH/s per day |
| What goes into it | coin price, difficulty, network fees |
| How often it changes | daily |
| Your revenue | hashprice times your miner's hashrate |
How to use it
When buying an asic, hashprice keeps you from being dazzled by hashrate. Every ASIC on the same algorithm gets paid the same price per terahash, so the winner is not the one with more terahashes but the one that mines them cheaper on electricity. Hence the eternal rule: compare J/TH, not TH/s.
In daily operation, hashprice explains why an asic slid into the red without a single failure. Hashrate is steady, the power bill is the same, but hashprice sagged after a difficulty jump. The miner is fine, the market changed.
It also has an unpleasant habit that sellers don't mention: over the long run, hashprice drifts down, because difficulty grows faster than the coin price does on average. Growth periods happen, and sizable ones, but we advise against baking them into a payback calculation.
Example of the logic
An Antminer S21 holds 200 TH/s. Its daily revenue is exactly 200 multiplied by today's hashprice, and it rests on nothing else. If hashprice drops by half, revenue drops by half, while the bill for 84 kWh stays the same. That is why asics with poor J/TH shut down first: their break-even point sits closest to the current market.
Related terms
Where to go next on the site
Numbers
Hardware
- Antminer S21 tool
- ASIC Miner knowledge base
Coins
- Bitcoin coins
Questions and answers
Where to check hashprice
Public indexes for Bitcoin come up when you search for the word hashprice, and any profitability calculator computes it implicitly. Our calculator does the same: it applies current network data to the model's hashrate.
Why hashprice falls when everything is rising
A rising coin price pulls new asics into the network, difficulty catches up with the price, and each terahash gets fewer coins again. This seesaw is built into how the market works.
Is hashprice the same across algorithms
No, every algorithm has its own hashrate price and its own unit. You cannot compare Bitcoin's hashprice with Kaspa's directly, just as you cannot compare their terahashes.
How hashprice differs from profitability
Hashprice is revenue before expenses, identical for every participant. Profitability is what remains after electricity, and it is different for everyone, because rates differ.
How the terms connect
Every link in the chain is clickable. Orange marks where you are now.
Looking for an ASIC miner
The catalog holds 212 models. You can compare them by hashrate and by joules per terahash, then plug your own rate into the calculator and see what stays in your pocket.
Page written and checked by Denys Klimchuk. Updated .