The hashprice indicates how much a miner can earn per processing unit.
This indicator remains at historic lows, but is beginning to promise relief to miners.
Bitcoin (BTC) miners have land in sight with the rally in the price of BTC towards all-time highs. Although the break of this ATH (All-Time High, an acronym that in Spanish means historical maximum) has not yet been confirmed, miners have been receiving a breath of oxygen for days and weeks, indicates the bitcoin hashprice. This value historically tends downward, with short periods of relief.
The hash price or hashprice, in English, is a metric that measures the expected value of 1 TH/s (terahash per second) of power per day. This metric is an important indicator of the profitability of bitcoin mining because It quantifies how much each miner expects to earn per processing unit contributed to the network.
In August and early September, the bitcoin hashprice fell to USD 0.0389, as reported by CriptoNoticias.
In a matter of a month and a half, in mid-October, the same hashprice reached USD 0.0535, indicating symptoms of momentary recovery and relief for the minerswho saw how each terahash per second of power gave them better profits with the same amount of work.
The price per processing unit has not reached these levels since July 2024, with the difference that at that time, the hash price did not stop falling until early August.
Now, the hashprice, although it has fallen from USD 0.05, seems to be stabilizing and making higher lows, which is good for miners in the short term. This promises, if not a period of abundance, at least one of greater stabilityespecially if bitcoin breaks its all-time high and beyond.
Bitcoin hashprice rises with BTC and falls over time
When the price of Bitcoin rises, miners earn more for each bitcoin they mine. This is because the same unit of computation and labor force used to mine each currency has greater returns with the rise in the price of the currency. In this way, the increase in bitcoin is reflected in its hashprice.
Bitcoin’s hashprice tends to fall over time, as this is how bitcoin’s incentive system is programmed.
One of the reasons has to do with the increase in hashrate. As more miners join the network, the mining difficulty increases. This means that you need more processing power to mine the same amount of bitcoin (or a smaller amount after a halving)which is why the hashprice goes down.
Another element to consider is the halving that occurs approximately every four years in the supply of bitcoin. With each halving, the name by which this reduction in bitcoin’s monetary policy is known, there is less BTC generated per block. Consequently, the hashprice tends to decrease, as the miners’ total income is reduced.
