Hashprice is calculated by dividing the total income from Bitcoin mining (including both block rewards and transaction fees) by the current hash rate (measured in EH/s). This provides a figure showing how much a miner can expect to earn for every TH/s of hashing power they contribute. The chart tracks how much mining power is worth in terms of Bitcoin or USD over time.

This indicator highlights the relationship between Bitcoin miners’ revenue and historical norms. When miner revenue is extremely high, it suggests that the market is potentially overheated, while low miner revenue suggests the market may be undervalued.

Bitcoin mining difficulty adjusts approximately every two weeks (or every 2,016 blocks) based on the network’s hash rate, ensuring that new blocks are mined roughly every 10 minutes. If more miners join the network, difficulty increases, and if miners leave, difficulty decreases. This process helps maintain a consistent rate of block discovery, making Bitcoin’s supply predictable and steady.