Classic Hashprice vs Real Yield — see the efficiency gap between theoretical and actual mining returns
0.00045408 BTC
USD / PH / day
0.00043776 BTC
USD / PH / day
$1.24 difference
The HashRadar Index combines two key metrics: Classic Hashprice (the theoretical revenue per PH/day based on block rewards, fees, difficulty, and BTC price) and Real Yield (the actual measured returns from mining pools). The gap between them reveals the true cost of mining — including pool fees, luck variance, and payout model differences.
The blue line shows Classic Hashprice — what a miner would earn in a perfect world with no fees or variance. The green line shows Real Yield — what miners actually receive. The shaded area between them is the Efficiency Gap. A smaller gap means pools are more efficient at passing revenue to miners.
Most hashprice indices only show theoretical values. By overlaying real yield data from ASIC measurement networks, the HashRadar Index gives miners an honest picture of mining economics — helping them choose pools that minimize the gap between theoretical and actual returns.
Classic Hashprice follows the Luxor methodology — it calculates the theoretical daily revenue per petahash (PH/day) that a miner would earn if they received a proportional share of all block rewards and fees, with no pool commissions or luck variance.
Daily Revenue (BTC) = (Block Subsidy + Average Fee) × 144 blocks/day Hashprice (BTC/PH/day) = Daily Revenue × (1 PH / Network Hashrate) Hashprice (USD/PH/day) = Hashprice (BTC) × BTC Price
Block Subsidy
The current block reward is 3.125 BTC (after the April 2024 halving).
Average Fee (SMA-144)
We compute the simple moving average of transaction fees over the last 144 blocks (approximately 1 day). This smooths out spikes from individual high-fee blocks and reflects the typical fee environment.
Network Hashrate
Total network hashrate from mempool.space, expressed in exahashes per second (EH/s). Converted to hashes per second for the formula.
BTC Price
Current Bitcoin price in USD from CoinGecko, used to convert BTC/PH/day to USD/PH/day.
Updated every 2 minutes.
Real Yield measures what miners actually receive from pools. HashRadar operates its own ASIC measurement network — we place two mining devices on each pool and record the actual daily payouts. Unlike Classic Hashprice, Real Yield accounts for pool fees, luck variance, payout model differences (FPPS, PPS+, PPLNS), and transaction selection strategies.
Data Source
HashRadar's own measurement network: two ASICs per pool, mining around the clock and reporting real payouts in sat/TH/day. We convert these rates to USD/PH/day using the current BTC price. Currently covering 9+ major pools.
Aggregation Method
The index uses a weighted average: each pool's yield is weighted by its share of total network hashrate. Larger pools have more influence on the index, reflecting the actual distribution of mining power across the network.
Updated daily at 10:00 UTC.
The Efficiency Gap measures the difference between what miners should earn in theory (Classic Hashprice) and what they actually receive (Real Yield, weighted average). It quantifies the total cost of mining through a pool — everything that stands between theoretical revenue and your wallet.
Gap (USD) = Classic Hashprice − Real Yield (Weighted) Gap (%) = Gap (USD) / Classic Hashprice × 100
A gap up to 4% is normal — most pools charge 1–4% in fees, so this range simply reflects pool commissions. Anything above 4% signals a real problem: poor luck, inefficient transaction selection, or hidden costs eating into miner revenue.