$pass = "password";
$salt = strtr(base64_encode(mcrypt_create_iv(16, MCRYPT_DEV_URANDOM)), '+', '.');
$cost = 10;
$salt = sprintf("$2y$%02d$", $cost) . $salt;
$hash = crypt($pass, $salt);
echo $hash;//Result: $2y$10$XFo5biY5UvZfaRjhDraOFO26yocvwiAwidtGNIvoEezj5zitb2Xem

UPDATE `myTable` SET `hash`="$2y$10$XFo5biY5UvZfaRjhDraOFO26yocvwiAwidtGNIvoEezj5zitb2Xem" WHERE username = "myusername"

2432792431302458466f356269593555765a6661526a684472614f464f3236796f637677694177696474474e49766f45657a6a357a6974623258656d