What is a good hashprice?

There is no universal number — it depends on your power cost. A machine is profitable while its daily revenue (hashprice × its TH/s) exceeds its daily power cost (watts × 24 × your $/kWh ÷ 1,000). Example: a 104 TH/s, 3,050 W machine (approx. manufacturer spec) at $0.06/kWh burns about $4.39/day in electricity, so it needs hashprice above roughly $0.042 per TH/s per day just to cover power.

Why did hashprice fall after the 2024 halving?

On 20 April 2024 the block subsidy dropped from 6.25 to 3.125 BTC. The subsidy is the large majority of miner revenue, so at unchanged price and fees hashprice fell by nearly half overnight. The next halving, at block 1,050,000 (estimated around 2028), cuts the subsidy again to 1.5625 BTC.

Does hashprice include pool fees?

No. Hashprice is gross network-level revenue per TH/s per day. To get your net number, subtract your pool's fee (typically 0–2%) and your electricity cost.

Bitcoin Hashprice — Live Chart, Revenue per TH/s per Day

What is hashprice?

Hashprice is the industry-standard measure of gross miner revenue: the US-dollar value one terahash per second (TH/s) of SHA-256 mining power earns in one day. It rolls the four things that decide mining income — block subsidy, transaction fees, network hashrate and BTC price — into a single number you can compare against your power bill. When people say "mining economics got worse", they mean hashprice fell.

Every number here is gross and network-wide: it assumes your hardware finds its exact fair share of blocks (which is what a pool pays you, minus its fee).

How it's calculated

hashprice = (86,400 s ÷ 600 s target) × (subsidy + avg fees per block) × (1 TH/s ÷ network hashrate) × BTC price
= 144 blocks/day × (3.125 BTC + avg fees) × your share of the network × USD/BTC

The live value above uses the current network hashrate, the average total fees of the 10 most recent blocks, and the live BTC price — recomputed in your browser every 60 seconds. The split bar shows how much of that dollar figure comes from the fixed 3.125 BTC subsidy versus transaction fees, which vary block to block with mempool congestion.

Why hashprice keeps falling — and why it matters

Three forces move it. Network hashrate growth dilutes your share: every new machine that plugs in earns its revenue out of the same 144 blocks a day, so hashprice per TH/s drifts down whenever hashrate grows faster than price. Halvings cut the subsidy in half every 210,000 blocks — the next, at height 1,050,000 (est. ~2028), drops it to 1.5625 BTC and, with fees a small share, roughly halves hashprice overnight. Price is the only lever that reliably pushes it up, which is why hashprice charts look like BTC price divided by an ever-rising hashrate.

Deciding on hardware? The mining calculator applies live hashprice, your machine's wattage and your electricity rate to show daily profit — including what happens after the next difficulty adjustment.

FAQ

What is a good hashprice?: There is no universal number — it depends on your power cost. A machine is profitable while its daily revenue (hashprice × its TH/s) exceeds its daily power cost (watts × 24 × your $/kWh ÷ 1,000). Example: a 104 TH/s, 3,050 W machine (approx. manufacturer spec) at $0.06/kWh burns about $4.39/day in electricity, so it needs hashprice above roughly $0.042 per TH/s per day just to cover power.
Why did hashprice fall after the 2024 halving?: On 20 April 2024 the block subsidy dropped from 6.25 to 3.125 BTC. The subsidy is the large majority of miner revenue, so at unchanged price and fees hashprice fell by nearly half overnight. The next halving, at block 1,050,000 (estimated around 2028), cuts the subsidy again to 1.5625 BTC.
Does hashprice include pool fees?: No. Hashprice is gross network-level revenue per TH/s per day. To get your net number, subtract your pool's fee (typically 0–2%) and your electricity cost.