Hashprice is a measure of value for hashrate. Miners and mining pools regularly trade hashrate among themselves informally, and hashprice helps solidify the market value of hashrate.
Hashprice is a measure of the dollar revenue per terahash per second per day ($/TH/S/Day). When mining difficulty increases – requiring more hashing power to mine new blocks – the price of hashrate typically drops.
The real value of hashrate can be opaque and extremely volatile, given its relationship to bitcoin’s price, the network’s difficulty rate, and other actors. Pioneered by Luxor Technologies, hashprice is designed as a tool to start standardizing the value of hashrate by assigning specific price to the hashrate miners produce.