Mar 21st 2022
Hashprice: The king of bitcoin mining metrics
The business model of mining is producing hashes that are "sold" to the Bitcoin network. How much are these hashes worth, and how has that value developed over time?
Source: Hashrate Index
The king of mining metrics - the hashprice – shows miners' daily revenue per unit of hashrate production, Terra Hash per second (TH/s). The hashprice is the same for all bitcoin miners, and we can use it to calculate their revenues.
For example, the mining rig Antminer S19j Pro produces 100 TH/s. The current daily hashprice is $0.19 per TH/s. To calculate the daily revenue of this mining rig, we multiply $0.19 with 100 to get $19 per day.