#1 example
<?php
/**
 * We just want to hash our password using the current DEFAULT algorithm.
 * This is presently BCRYPT, and will produce a 60 character result.
 *
 * Beware that DEFAULT may change over time, so you would want to prepare
 * By allowing your storage to expand past 60 characters (255 would be good)
 */
echo password_hash("rasmuslerdorf", PASSWORD_DEFAULT)."\n";
?>

#2 example setting cost manually
<?php
/**
 * In this case, we want to increase the default cost for BCRYPT to 12.
 * Note that we also switched to BCRYPT, which will always be 60 characters.
 */
$options = [
    'cost' => 12,
];
echo password_hash("rasmuslerdorf", PASSWORD_BCRYPT, $options)."\n";
?>

#3 example setting salt manually
<?php
/**
 * Note that the salt here is randomly generated.
 * Never use a static salt or one that is not randomly generated.
 *
 * For the VAST majority of use-cases, let password_hash generate the salt randomly for you
 */
$options = [
    'cost' => 11,
    'salt' => mcrypt_create_iv(22, MCRYPT_DEV_URANDOM),
];
echo password_hash("rasmuslerdorf", PASSWORD_BCRYPT, $options)."\n";
?>

#4 example finding a good cost
<?php
/**
 * This code will benchmark your server to determine how high of a cost you can
 * afford. You want to set the highest cost that you can without slowing down
 * you server too much. 8-10 is a good baseline, and more is good if your servers
 * are fast enough. The code below aims for ≤ 50 milliseconds stretching time,
 * which is a good baseline for systems handling interactive logins.
 */
$timeTarget = 0.05; // 50 milliseconds

$cost = 8;
do {
    $cost++;
    $start = microtime(true);
    password_hash("test", PASSWORD_BCRYPT, ["cost" => $cost]);
    $end = microtime(true);
} while (($end - $start) < $timeTarget);

echo "Appropriate Cost Found: " . $cost . "\n";
?>

Code

Result

PHP code example: password_hash

Creates a password hash. See documentation.

You can try this function yourself. Just edit the code and on "Run" to see the result.