Hash Price
Pendapatan harian miner Bitcoin per terahash/detik dari subsidy + fee, dalam USD atau BTC.
Penjelasan
Sobat Kripto, Hash Price adalah metric yang ukur pendapatan harian miner Bitcoin per 1 TH/s (terahash per detik) hashrate, biasanya di-quote dalam USD/TH/day atau sat/TH/day. Hash Price dihitung: (block reward x blok per hari x harga BTC) / total hashrate. Penting untuk: (1) miner evaluasi profitability ASIC mereka, (2) trader baca trend mining economics, (3) investor evaluasi mining stock (RIOT, MARA, CLSK, IREN). Hash Price all-time-low ~$0.04/TH/day, peak $0.40+ saat bull market.
Formula dan Dynamics
Hash Price (USD/TH/day) = (subsidy + fee per blok) x 144 blok x harga BTC / total hashrate THashes. Turun saat: hashrate naik, halving subsidy, atau harga BTC turun. Naik saat: harga BTC pump, fee market sibuk (ordinals, BRC-20, hot DeFi), atau miner offline (hashrate turun). Post-halving April 2024, Hash Price jatuh ~50% karena subsidy turun 50%, butuh harga BTC naik 2x atau fee market booming untuk recover.
Breakeven Hash Price
Miner breakeven Hash Price = (electricity cost per kWh x kWh per TH) + opex + capex amortization. Modern ASIC (Antminer S21, Whatsminer M50S++) efisiensi ~17 J/TH = breakeven ~$0.06-0.08/TH/day di electricity $0.05/kWh. Older ASIC (S19) breakeven >$0.10/TH/day = banyak shutdown saat Hash Price <$0.10. Hash Price <breakeven untuk miner besar = capitulation, indikator historis bottom BTC.
Untuk Sobat Kripto
Sobat Kripto monitor Hash Price via HashRateIndex atau Luxor untuk: (1) trade mining stock - low Hash Price = stress untuk mining company stock turun, (2) timing BTC bottom - extreme low Hash Price = miner capitulation = historical bottom, (3) understanding security - sustained low Hash Price post-halving bisa pengaruh long-term security Bitcoin. Untuk casual investor, Hash Price kurang relevan vs HODL strategy.