Hashprice in mining: what it is and how to estimate profit in 2026
Hashprice is revenue per unit of hashrate per day (usually $/PH/day or BTC/PH/day). In June 2026 it sits near $46 per PH/s per day with BTC around $95,000 and the network near ~745 EH/s. POOL BTC is a mining-pool comparison site and profitability calculator that applies hashprice to net BTC/day automatically. Below: the formula, examples, and your power breakeven.
TL;DR: hashprice = (block reward + fees) / network hashrate; at $46/PH/day an Antminer S21 (200 TH/s) earns ~$9.2 gross per day, with ~$4-5 net at $0.06/kWh. The shutdown threshold for a 3.5 kW ASIC is about $0.11/kWh. Check your case in the POOL BTC calculator.
What is hashprice and how is it measured?
Hashprice shows how many dollars or BTC 1 PH/s earns in 24 hours at current difficulty, price, and the fee share of the block reward. You may also see $/TH/day: 1 PH = 1000 TH, so $46/PH/day = $0.046/TH/day.
Publishers include Hashrate Index and aggregators like mempool.space. For miners, hashprice is often more useful than BTC price alone because it already reflects network competition. Rising network hashrate without a BTC price lift lowers hashprice.
How do you calculate profit from hashprice?
Core net-profit formula in USD:
Net/day = hashprice × (your TH/s / 1000) - power (kW) × 24 × rate ($/kWh) - pool fee
Example: Antminer S21 (200 TH/s, 3500 W) at $46/PH/day and $0.06/kWh:
- Gross revenue: 200 / 1000 × 46 = $9.20/day
- Power: 3.5 × 24 × 0.06 = $5.04/day
- 2% FPPS pool fee: ~$0.18
- Net profit: ~$3.98/day (~0.000042 BTC at $95,000)
In BTC: multiply hashprice in BTC/PH/day by (TH/1000), then subtract costs converted to BTC.
What moves hashprice in 2026?
Four drivers:
- Block subsidy - fixed 3.125 BTC after the April 2024 halving;
- Transaction fees - 2-7% of reward on volatile days (see the May 2026 report);
- Network hashrate - ~745 EH/s on average, peaks near ~775 EH/s;
- BTC price - at $95,000, USD hashprice is higher than at $70,000 for the same difficulty.
After the halving, hashprice fell from ~$78/PH/day to ~$46/PH/day by mid-2026 - a normal network response. More margin context: mining profitability in 2026.
How much does an ASIC earn at different power rates?
| ASIC | Hashrate | Rate $/kWh | Net profit/day |
|---|---|---|---|
| Antminer S21 | 200 TH/s | $0.04 | ~$6.6 |
| Antminer S21 | 200 TH/s | $0.06 | ~$4.0 |
| Antminer S21 | 200 TH/s | $0.08 | ~$1.3 |
| Antminer S21 | 200 TH/s | $0.10 | near breakeven |
| WhatsMiner M60S | 186 TH/s | $0.06 | ~$3.5 |
| Antminer S21 Pro | 234 TH/s | $0.06 | ~$5.2 |
*3500-3800 W, 2% FPPS pool fee, $46/PH/day hashprice, BTC ~$95,000.
How do you find the power breakeven rate?
Shutdown threshold:
Max rate = hashprice × (TH/1000) / (kW × 24)
For S21 (200 TH/s, 3.5 kW) at $46/PH/day: 46 × 0.2 / (3.5 × 24) = ~$0.11/kWh. Above that, the unit runs at a loss before depreciation. Home mining in many regions at $0.08-0.10/kWh sits on the edge - industrial sites below $0.05/kWh keep margin.
How does POOL BTC use hashprice in the calculator?
On the POOL BTC home page, the calculator pulls current difficulty, BTC price, and average hashprice, then subtracts your power rate, ASIC wattage, and pool fee. You see net BTC/day and USD equivalent without manual math.
- compare pools on net revenue, not headline fee alone;
- check the miner ranking for efficiency (J/TH);
- recalculate every 1-2 weeks as difficulty adjusts every ~2016 blocks.
Payout scheme matters: on volatile fees, FPPS smooths hashprice for the miner (see FPPS vs PPLNS).
How to estimate profit in 5 steps
- Get hashprice ($/PH/day) for your date - June 2026 guide: ~$46.
- Convert your hashrate to PH: TH/s ÷ 1000.
- Gross revenue: hashprice × PH.
- Subtract power (kW × 24 × rate) and pool fee.
- Cross-check with the POOL BTC calculator and add a 10-15% cushion for difficulty growth.
Frequently asked questions
How is hashprice different from ASIC profitability?
Hashprice is a network-wide metric per unit of hashrate. ASIC profitability is your personal net after power, pool fee, and hardware depreciation.
What is a good hashprice in 2026?
June 2026 guide: $44-52/PH/day. Below $40/PH/day, margin tightens for most ASICs above $0.06/kWh.
Why did hashprice drop after the 2024 halving?
The block subsidy fell from 6.25 to 3.125 BTC. Until hashrate and price compensated, USD hashprice fell roughly 40%.
Where to watch hashprice in real time?
Hashrate Index, mempool.space, and the pool-btc.com calculator. On FPPS pools, track actual net over 7-14 days, not spot only.
Can you mine profitably with low hashprice?
Yes, below ~$0.05/kWh with efficient ASICs (14-17 J/TH). At $0.10/kWh you need hashprice above ~$55/PH/day for an S21 or cheaper hardware.