What Is Hashprice?
Where the number comes from
Hashprice is not an opinion or an index vote — it is four public numbers multiplied and divided:
Worked for Litecoin (static fallback dated 2026-09-25; recomputed live at load): 576 blocks/day (one per 2.5 minutes) × 6.25 LTC subsidy × $71.25 ÷ 2.62 PH/s of network hashrate = $0.000098 per MH/s per day (the divisor hides a unit hop: one PH/s is a billion MH/s — that hop is what shrinks the wage to a fraction of a cent). Every term is checkable against a node — including ours: the exact hashrate recipe ships inside the /api/chain feeds these tiles read.
One honest footnote: 576 is the target cadence; the measured last-day figure wobbles a few percent inside each difficulty epoch (~549 blocks/day at the last fetch, fallback dated 2026-09-25), which is why the tiles move without anyone touching anything.
This page's live figures are subsidy-only — on scrypt chains, fees typically add well under 1% (receipt: LTC fees, live). On Bitcoin the fee term matters more and spikes hard in congestion eras; the BTC fees page carries that story.
The four levers
| Lever | Direction | Speed | Receipt |
|---|---|---|---|
| Coin price | linear, both ways | instant | live charts |
| Network hashrate | inverse — more machines dilute the same issuance | weeks | hashrate · difficulty |
| Fees per block | additive | spiky, mostly small | BTC fees |
| Halving | subsidy component −50% | overnight, scheduled | LTC 2027 · BTC |
One row is missing on purpose: Dogecoin has no halving lever, ever — a fixed 10,000 DOGE per block (the receipt). Hold that thought until the scrypt-sum section below.
Hashprice vs hashrate
Hashrate is the quantity of compute — how many hashes per second you point at a network. Hashprice is the unit price of that compute's output — the market wage for a rate of drawer-pulling: what one hash-per-second unit earns per day. They are linked through the formula's denominator: network hashrate up, hashprice down, all else equal. Your machine's spec sheet gives you the quantity; this page gives you the wage.
Units, and why ours says MH/s
Luxor coined the term in 2019 and runs the reference SHA256 index, quoted in USD per PH/s per day — the right scale for a network measured in zettahashes. Scrypt lives nearly six orders of magnitude lower (Litecoin's whole network is a couple of petahashes), and scrypt machines are spec'd in MH/s and GH/s — so BasinTwo quotes scrypt hashprice in USD per MH/s per day. Never compare hashprice across algorithms; the honest comparison is $/day for a named machine.
Our recipe also differs from Luxor's (per their docs, theirs uses a lagging fee average and a multi-exchange price; ours is own-node hashrate plus a cached spot feed, subsidy-only) — similar inputs, different recipes, and we publish ours inside the feed.
Scrypt hashprice is a sum
Here is the part almost nobody explains. Since Dogecoin adopted merged mining in 2014, one scrypt hash earns on two chains at once — so an LTC-only hashprice understates a scrypt rig's wage, at today's prices badly. The correct math: compute USD/MH/day per chain against each chain's own network hashrate (they differ — 2.62 vs 2.53 PH/s, about 4% apart, at the last fetch), then add:
Which leg dominates flips with relative prices — that is why the bar is computed, not stated. The practical consequence sits on our merged mining calculator: every scrypt machine on a merged pool earns both legs for the same watts.
From hashprice to your break-even
One line of algebra turns hashprice into the only number that decides whether a machine runs. A rig hashing H MH/s at an efficiency of e J/MH (joules per megahash — equivalently, watts per MH/s of speed) draws H×e watts and earns H×hashprice per day; set revenue equal to power cost and H cancels — fleet size doesn't matter, efficiency does:
Computed from the live combined scrypt hashprice above. If your power price is below the line, the machine prints; above it, it's a heater. SHA256 machines use the identical formula in J/TH with the BTC tile.
So what's a good hashprice?
There isn't a universal one — the same hashprice is profit for a 0.21 J/MH machine and a loss for a 0.36 J/MH machine at the same tariff. The honest answer is the break-even line per efficiency class, at whatever the number is today:
| Efficiency class | Example iron | Break-even $/kWh at live hashprice |
|---|---|---|
| 0.172 J/MH (scrypt) | L11 Pro | $0.154 |
| 0.21 J/MH (scrypt) | L9 | $0.127 |
| 0.36 J/MH (scrypt) | L7 | $0.074 |
| 17.5 J/TH (SHA256) | S21 | $0.087 |
Static $ figures dated 2026-09-25; live values replace them at load.
Full per-machine math — payback, net-after-power, your own tariff saved across pages — lives on the rig profitability pages.
FAQ
- What is hashprice in crypto mining?
- The gross revenue one unit of hashrate earns per day — USD per MH/s per day for scrypt, USD per PH/s per day in Luxor's SHA256 convention. It's the machine's wage before pool fees and electricity.
- How is hashprice calculated?
- Blocks per day × (subsidy + average fees per block) × coin price ÷ network hashrate. Every input is public, and the live figures on this page are computed from our own full nodes.
- What is the difference between hashprice and hashrate?
- Hashrate is the quantity of compute; hashprice is the unit price of its output. When network hashrate rises, the same daily issuance splits across more machines, so hashprice falls, all else equal.
- Is hashprice gross or net?
- Gross — no pool fee, no electricity. And for scrypt, an LTC-only figure understates it: merged mining pays DOGE on top for the same work. Net = combined hashprice × your MH/s, minus pool fee, minus watts × 24 ÷ 1,000 × your $/kWh.