![Bitcoin hash price hits $125k per Exahash, mirroring pre-2020 halving highs](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/12/MR-2.png&w=70&h=37&q=75)
Quick Take
The Bitcoin Hash Price, a pivotal barometer for daily miner incomes, has surged to a striking $125,000 per Exahash, a zenith not witnessed since July 2022. Glassnode analyst Checkmate highlighted that we have revisited levels mirroring a similar pre-halving period from 2020.
This metric, calculated by taking the ratio between total miner income (in USD or BTC โ inclusive of subsidy and fees), and dividing by the current hash-rate (in EH/s), provides a daily snapshot of revenue per 1 EH/s of hashpower contributed by a miner to the network.
![Miner Hash Price: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/12/MR-2.png)
Interestingly, this upturn is counterbalanced by a commensurate uptick in transaction fees, which has absorbed the significant 137% escalation in hash rate since July 2021 as miners vie for the block reward, according to Checkmate. This intricate interplay of factors underscores the dynamic nature of the Bitcoin ecosystem.
![Hash Rate: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/12/HR-2.png)
In the near term, the next difficulty adjustment is slated for Dec. 22. With the current hash rate on an upward trajectory, it is projected to adjust positively by around 4% above current levels.