Definition
Sats per Terahash is a measure of mining revenue: how many satoshis a unit of hashing power earns over a given period, usually expressed as sats per terahash per second per day (sats/TH/s/day). It is the income side of the mining equation, telling you what the network is willing to pay your machine for the work it contributes.
Also known as: sats/TH/day, hashrate yield, or the satoshi-denominated form of hash price.
How the number is calculated
Every day the Bitcoin network pays out a fixed pool of coins: the block subsidy plus transaction fees, distributed across all the blocks found that day. Your share of that pot is simply your hashrate divided by the total network hashrate. To get sats per terahash, you take the day’s total miner reward, divide it by the network’s hashrate (today measured in hundreds of exahash), and the result is the sats each terahash of capacity is expected to earn.
Two forces push this figure down over time. The first is difficulty adjustment: as more hardware joins the network, the same terahash earns a thinner slice of the reward. The second is the halving, which cuts the block reward roughly every four years. Sats per terahash is therefore a moving target, not a fixed yield, and it trends structurally downward in satoshi terms even as the fiat value of those sats can rise or fall independently.
Sats per terahash versus hash price
The two terms describe the same thing from different angles. Sats per terahash keeps the answer in Bitcoin units, which is why it appeals to sovereign Bitcoiners who think in sats rather than dollars. Hash price usually quotes the same yield in fiat, multiplying the sats by the spot exchange rate. Because the sats figure strips out price volatility, it is the cleaner way to judge whether the network itself is paying more or less for hashing, separate from what the market is doing to the BTC price that day.
This distinction matters for anyone stacking sats. If your goal is accumulation rather than fiat cash flow, sats per terahash is the metric that tells you how efficiently your hardware is converting electricity into Bitcoin, regardless of where the exchange rate sits.
Why a home miner cares
Revenue is only half the picture. To know whether a machine is worth running you pair sats per terahash with what it costs you to produce that hashrate, your hash cost, which is driven mostly by electricity cost and the rig’s efficiency in J/TH. A modern ASIC running near 17 to 30 joules per terahash earns the same sats per terahash as an older, hungrier machine, but it keeps far more of the value because it burns less power to generate each terahash. That gap is the whole game when electricity, not silicon, is your largest expense.
This is also where tuning earns its keep. Custom tuning stacks let you drop frequency and voltage to chase a better J/TH figure, trading a little raw hashrate for a lot less power. Some firmware can even react to swings in hash price by curtailing power in seconds when the network pays poorly and ramping back up when it recovers. Open tuning approaches in the spirit of open-source firmware, including the closed-beta DCENT_OS heading toward public beta in summer 2026, treat profitability as a first-class input rather than an afterthought. For dual-purpose setups that reclaim the heat, sats per terahash also frames the offset: even modest yield turns a space heater into one that pays you back in sats.
When you weigh a purchase, sats per terahash feeds straight into break-even and ROI math. Compare current models and their efficiency on the miners catalog or weigh tuning options across the firmware comparison to see how the same yield lands very differently depending on the hardware producing it.
Related terms: Hash Price, Hash Cost, Efficiency (J/TH), Network Hashrate, Mining Profitability, Break-Even
In Simple Terms
Mining revenue measured in satoshis per terahash per day. Shows BTC yield independent of price.
Sats per Terahash is a measure of mining revenue: how many satoshis a unit of hashing power earns over a given period, usually expressed as sats per terahash per second per day (sats/TH/s/day). It is the income side of the mining equation, telling you what the network is willing to pay your machine for the work it contributes.
Also known as: sats/TH/day, hashrate yield, or the satoshi-denominated form of hash price.
How the number is calculated
Every day the Bitcoin network pays out a fixed pool of coins: the block subsidy plus transaction fees, distributed across all the blocks found that day. Your share of that pot is simply your hashrate divided by the total network hashrate. To get sats per terahash, you take the day's total miner reward, divide it by the network's hashrate (today measured in hundreds of exahash), and the result is the sats each terahash of capacity is expected to earn.
Two forces push this figure down over time. The first is difficulty adjustment: as more hardware joins the network, the same terahash earns a thinner slice of the reward. The second is the halving, which cuts the block reward roughly every four years. Sats per terahash is therefore a moving target, not a fixed yield, and it trends structurally downward in satoshi terms even as the fiat value of those sats can rise or fall independently.
Sats per terahash versus hash price
The two terms describe the same thing from different angles. Sats per terahash keeps the answer in Bitcoin units, which is why it appeals to sovereign Bitcoiners who think in sats rather than dollars. Hash price usually quotes the same yield in fiat, multiplying the sats by the spot exchange rate. Because the sats figure strips out price volatility, it is the cleaner way to judge whether the network itself is paying more or less for hashing, separate from what the market is doing to the BTC price that day.
This distinction matters for anyone stacking sats. If your goal is accumulation rather than fiat cash flow, sats per terahash is the metric that tells you how efficiently your hardware is converting electricity into Bitcoin, regardless of where the exchange rate sits.
Why a home miner cares
Revenue is only half the picture. To know whether a machine is worth running you pair sats per terahash with what it costs you to produce that hashrate, your hash cost, which is driven mostly by electricity cost and the rig's efficiency in J/TH. A modern ASIC running near 17 to 30 joules per terahash earns the same sats per terahash as an older, hungrier machine, but it keeps far more of the value because it burns less power to generate each terahash. That gap is the whole game when electricity, not silicon, is your largest expense.
This is also where tuning earns its keep. Custom tuning stacks let you drop frequency and voltage to chase a better J/TH figure, trading a little raw hashrate for a lot less power. Some firmware can even react to swings in hash price by curtailing power in seconds when the network pays poorly and ramping back up when it recovers. Open tuning approaches in the spirit of open-source firmware, including the closed-beta DCENT_OS heading toward public beta in summer 2026, treat profitability as a first-class input rather than an afterthought. For dual-purpose setups that reclaim the heat, sats per terahash also frames the offset: even modest yield turns a space heater into one that pays you back in sats.
When you weigh a purchase, sats per terahash feeds straight into break-even and ROI math. Compare current models and their efficiency on the miners catalog or weigh tuning options across the firmware comparison to see how the same yield lands very differently depending on the hardware producing it.
Related terms: Hash Price, Hash Cost, Efficiency (J/TH), Network Hashrate, Mining Profitability, Break-Even