Hashprice
Bitcoin hashpricehashpriceWhat a miner earns per unit of hashpower per day — revenue divided by hashrate. It falls as competition rises or price drops.See it on the site → — subsidy-only mining revenue per PH/sPH/sPetahashes per second: a quadrillion guesses a second, the unit for a fleet of mining machines. One current machine does about 0.2 PH/s (200 TH/s). per day, computed difficultydifficultyA protocol setting that adjusts every ~2 weeks to keep blocks arriving about every 10 minutes, rising and falling with hashrate.See it on the site →-anchored — with the fee-exclusion caveat and history.
Subsidy-only hashprice is $36.7 / PH/day — the block subsidy's revenue per PH/s per day. It leaves out transaction fees (so it reads a little below fee-inclusive indices like Luxor's) and divides by a difficulty snapshot up to a week old.
History
Difficulty-anchored and subsidy-only: from the mempool.space difficulty (2026-10-19) and the 2026-10-18 BTC close, excluding fees. As of 2026-10-18 — the more-lagged of the two files — never the live spot.
How it's computed
Hashprice is the daily USD revenue per PH/s of hashratehashrateThe total computing power securing the Bitcoin network, in hashes per second — a measure of how much work backs the chain.See it on the site →. We compute it difficulty-anchored and subsidy-only: subsidy(date) × 86,400 × BTC price ÷ (difficulty × 2³²), scaled to PH/s. Block time cancels, so no blocks-per-day convention is baked in, and the exact difficulty (not the noisy hashrate estimate) sets the denominator. Subsidy is height-keyed, so it survives halvings; the price is the weekly as-of close, and the history pairs each week's difficulty with that week's aligned BTC close.
Why there's no band
No cheap-or-expensive zone here. Difficulty, hashrate, hashprice and production costcost of productionAn estimate of the electricity cost to mine one bitcoin, from difficulty and rig efficiency. A soft, reflexive floor — not a hard one.See it on the site → describe the state of the network, not whether bitcoin's price is high or low, so each shows a value and a date but no colour-coded range.