Hashprice measures the cost of mining a Bitcoin block. The index provides insights into the market's perception of mining profitability and network health. Hashprice is a fundamental metric in the Bitcoin mining industry, quantifying the daily revenue a miner earns per unit of computational power (terahash per second, TH/s). It reflects the fiat-denominated value of rewards—comprising block subsidies and transaction fees—distributed across the network’s total hashrate. This metric serves as a critical barometer for miners to assess profitability, optimize operations, and navigate the competitive landscape of blockchain validation. Hashprice is a function of four variables: - **Bitcoin’s Market Price**: A higher BTC price directly increases the dollar value of mining rewards, elevating hashprice. - **Network Hashrate and Difficulty**: As more participants contribute computational power, mining difficulty rises, diluting rewards per TH/s and reducing hashprice. - **Transaction fees and Block Subsidy**