For passwords, you generally want the hash calculation time to be between 250 and 500 ms (maybe more for administrator accounts). Since calculation time is dependent on the capabilities of the server, using the same cost parameter on two different servers may result in vastly different execution times. Here's a quick little function that will help you determine what cost parameter you should be using for your server to make sure you are within this range (note, I am providing a salt to eliminate any latency caused by creating a pseudorandom salt, but this should not be done when hashing passwords):
<?php
function getOptimalBcryptCostParameter($min_ms = 250) {
for ($i = 4; $i < 31; $i++) {
$options = [ 'cost' => $i, 'salt' => 'usesomesillystringforsalt' ];
$time_start = microtime(true);
password_hash("rasmuslerdorf", PASSWORD_BCRYPT, $options);
$time_end = microtime(true);
if (($time_end - $time_start) * 1000 > $min_ms) {
return $i;
}
}
}
echo getOptimalBcryptCostParameter(); ?>