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Bitcoin Hashprice Hits $38 as BTC Tops $77,000

Bitcoin closed the week near $77,200, up 23%, its best week in two years. Hashprice is around $38.33 per petahash per day. Here is what that does to a hosted machine.

Info sheet  ·  Updated August 21, 2026  ·  Reference, skim in 2 min  ·  BlockOps Mining Team

Figures are a snapshot taken August 21, 2026 with bitcoin near $77,200. Hashprice moves daily. This is general information, not financial advice.
Key Takeaways
1
The catalyst was the bond market. The US Treasury said on August 19 it would double long-dated bond buybacks from $2 billion to at least $4 billion per operation starting September 9. Yields fell, capital moved into risk assets, and bitcoin ran from $62,837 to $77,227 on the week. [1] [2]
2
Bitcoin hashprice is about $38.33 per petahash per day, up 39% from the June low of $27.66. Roughly half of that came from price and half from difficulty sitting 18% below its November 2025 peak. [3] [4]
3
A 39% revenue rise turned into a 7.1x profit rise on an S21 XP. At $0.08/kWh the machine went from $0.47 a day in June to $3.35 today. Power cost is fixed, so revenue gains land almost entirely in profit.
4
The forward market prices hashprice 20% below spot. Six-month average pricing sits at $30.67 per petahash per day. Model a purchase against that number, not against today. [3]
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Why Did Bitcoin Rise?

Short answer
The US Treasury announced on August 19 that it would double its long-dated bond buybacks to at least $4 billion per operation starting September 9. Long bond yields fell, which made risk assets more attractive, and more than $1 billion of leveraged short positions liquidated into the move.
August 19
Treasury announces the buyback expansion, effective September 9. Long bond yields fall, and the Bloomberg index for 20-year-plus Treasuries has its biggest day since February 2025. The same day, Trump urges Congress to advance the CLARITY Act and the SEC floats a crypto proposal. [1] [5]
Overnight
More than $1 billion of leveraged short positions liquidate. Forced buying accelerates the move. [1]
August 21
Bitcoin trades near $77,227, up about 23% on the week, its largest weekly gain in two years. [2]

What Is Bitcoin Hashprice in August 2026?

Hashprice
The daily revenue a miner earns per unit of hashrate, quoted in US dollars per petahash per second per day. It combines the bitcoin price, the block subsidy, transaction fees and network difficulty into one number. Multiply it by a machine terahash rating divided by 1,000 to get that machine daily revenue.
Short answer
Bitcoin hashprice is about $38.33 per petahash per day on August 21, 2026, up 39% from the late-June low of $27.66. It sat at $31.89 on August 17 before the rally. Network hashrate is roughly 920 EH/s and difficulty is 127.48 trillion.
Hashprice, August 21 2026
About $38.33 per PH per day, derived from the August 17 reading of $31.89 scaled by the price move. Difficulty is unchanged since August 8.
Late June 2026 low
$27.66 per PH per day. Today is 39% above that. [4]
Network hashrate
About 920 EH/s on a seven-day average, up 0.9% week on week. [3]
Difficulty
127.48 trillion. Last retarget August 8 at +0.99%. Next retarget August 22, projected at +1.01%. [3]
Transaction fees
0.69% of block rewards, 22 BTC for the week. Fees are adding almost nothing. [3]
Six-month forward
$30.67 per PH per day, about 20% below spot. The market does not expect this to hold. [3]
Difficulty is creeping, not surging
Difficulty sits 18% below its November 2025 peak, only the second annual decline in bitcoin history. The first followed China mining ban in 2021. The recovery is slow: the last retarget was +0.99% and the next is projected at +1.01%. This gain gets ground down about 1% per retarget, not erased in one step. [3] [4]

What Does It Mean for a Hosted Machine?

Short answer
At a hashprice of $38.33 and power at $0.08/kWh, an S21 XP nets $3.35 a day and an S21e XP Hydro nets $11.49. Both S19 models are still negative. The break-even power rate for current generation hardware is about $0.12/kWh.
At a hashprice of $38.33 per PH per day, August 21, 2026. Nameplate wattage, before pool fees and downtime.
Antminer S21e XP Hydro 3U, 860 TH
Revenue per day $32.96
Net at $0.08/kWh $11.49
Was, June low $2.32
Break-even power rate $0.123/kWh
Antminer S21 XP, 270 TH
Revenue per day $10.35
Net at $0.08/kWh $3.35
Was, June low $0.47
Break-even power rate $0.118/kWh
Antminer S19 XP, 141 TH
Revenue per day $5.40
Net at $0.08/kWh -$0.42
Was, June low -$1.92
Break-even power rate $0.074/kWh
Antminer S19j Pro, 104 TH
Revenue per day $3.99
Net at $0.08/kWh -$1.90
Was, June low -$3.01
Break-even power rate $0.054/kWh

Read the break-even column. An S21 XP now survives up to $0.118/kWh against $0.085 in June, and those 3.3 cents of headroom are what keep it running through the next drawdown. Full model in our bitcoin mining profitability breakdown , tax treatment in bonus depreciation for miners .

Do not buy hardware at today hashprice
The six-month forward curve prices $30.67 per PH per day, 20% below spot. Run your payback math at that number or lower. An S19 that is nearly break-even today goes back underwater at $30.67, and the rally has not changed the fact that both S19 models lose money at $0.08/kWh right now. [3]

Quick Answers

What is bitcoin hashprice in August 2026?
About $38.33 per petahash per day as of August 21, 2026, with bitcoin near $77,200. It read $31.89 on August 17 and bottomed near $27.66 in late June. Multiply it by a machine terahash rating divided by 1,000 for that machine daily revenue. [3]
Is bitcoin mining profitable again?
It depends on the machine and the power rate. At $0.08/kWh an S21 XP nets about $3.35 a day and an S21e XP Hydro about $11.49, while an S19 XP is down $0.42 and an S19j Pro down $1.90. Break-even for current generation hardware is roughly $0.12/kWh.
How long will this last?
The price half is unknowable. The mining half has a published expectation: the six-month hashprice forward curve sits at $30.67 per petahash per day, about 20% below spot, and difficulty is retargeting upward roughly 1% at a time. Both point the same direction. [3]
Keep reading
Bitcoin mining profitability in 2026
The full model: hashprice, difficulty, power rate and where break-even actually sits.
Bonus depreciation for miners in 2026
How the deduction changes the real cost of buying hardware this tax year.
Seven red flags in a hosting contract
A rally does not fix a bad rate. These are the clauses that cost you the margin.
Hydro-cooled hosting explained
Why the S21e XP Hydro clears $11.49 a day and what it takes to run one.

Sources

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