Bitcoin Hash Price
Hash Price measures the average daily return (in USD) of 1 TH/s (terahash/second) of computing power - a per-unit-hashrate normalized indicator that directly shows miner profitability.
This chart shows real data up to September 27, 2026. The live value is free on Cedvel - no subscription needed.
Source: hash_price_ths (bitview.space / Bitcoin Research Kit)
What is it?
The average daily return (in USD) of 1 TH/s (terahash/second) of computing power - a per-unit-hashrate normalized indicator that directly shows miner profitability.
How is it calculated?
Total miner revenue is divided by total network hashrate and normalized per unit of hashrate (1 TH/s).
How to read it
Falling hash price points to shrinking miner margins - historically, sustained periods of low hash price have overlapped with periods where inefficient miners shut down and hashrate corrected (capitulation).
Things to watch out for
It doesn't include electricity/hardware costs - this is a raw revenue-efficiency measure; the actual profit margin depends on each miner's own cost structure (which can vary widely by region).
Historical usage
Falling hash price periods have historically overlapped with periods where miner margins shrank and inefficient miners shut down, letting hashrate correct (capitulation) - a series frequently referenced for tracking the health of miner economics.
Frequently Asked Questions
How is Hash Price calculated?
Total miner revenue is divided by total network hashrate and normalized per unit of hashrate (1 TH/s).
Why does Hash Price matter?
It directly measures miner profitability - falling hash price points to shrinking margins; sustained periods of low hash price have historically overlapped with miner capitulation.
What's the limitation of Hash Price?
It doesn't include electricity/hardware costs - this is a raw revenue-efficiency measure; the actual profit margin depends on each miner's own cost structure, which can vary widely by region.