Hashprice tells a miner how much one unit of computing power earns per day. It rises with the bitcoin price and fees, and falls when total network hashrate grows or the subsidy is halved.
Rough example (own calculation, 23 Oct 2026)
144 blocks a day × 3.125 BTC subsidy = 450 BTC. Spread over about 1,070 EH/s of network hashrate, that is about 42 sats per TH/s per day, before fees.
Why it matters
A miner compares hashprice with the cost of the electricity that one TH/s burns. When hashprice falls below that cost, older machines are switched off first.