Hashprice is the industry’s unit economics in one number: what a unit of computing power earns in a day. It falls when the price falls and it falls when competitors add capacity, which means it is the variable that decides whether marginal capacity stays on.
$37.70
Per petahash per day, 1 May 2026
−32.3%
Change over one year
$35.4m
Total miner revenue that day
78,234USD
Bitcoin close used
Source: mempool.space, daily averages. Computed by Institutional Asset Journal.
Bitcoin miner revenue per petahash per day
Derived from daily rewards, hashrate and the Coinbase close.
Source: mempool.space, daily averages. Computed by Institutional Asset Journal.
Hashrate is estimated, not measured
No one observes total hashrate directly. It is inferred from how quickly blocks arrive against the difficulty setting, which makes a single day’s figure noisy and a trend over months reliable. Anyone quoting a daily record to two decimal places is over-reading the data.
How this was measured
- Hashrate, difficulty and per-block reward and fee averages are mempool.space daily series. Dollar figures apply the Coinbase daily close on the same date and assume the protocol’s target of 144 blocks a day, so a day that produced more or fewer blocks is smoothed. Rewards are the total paid to miners, subsidy plus fees, in satoshis per block; the fee share divides one by the other. Hashrate is a statistical estimate inferred from block times and difficulty rather than a measurement, and single-day readings are noisy for that reason, which is why the charts run long. A piece dated one day uses observations through the day before.
