This Monero Mining Calculator helps you estimate the profitability of your XMR mining hardware setup, taking into account hash rate, electricity costs, and network difficulty. All results are calculated based on current network parameters and user inputs.
Monero Mining Calculator
Monero Mining Calculator Formula
The calculation is performed in three main steps: XMR mined, Electricity Cost, and Net Profit.
1. XMR Mined per Day ($\text{XMR}_{\text{daily}}$)
$$\text{XMR}_{\text{daily}} = \frac{\text{Hash Rate (H/s)} \times \text{Block Reward} \times 86400}{\text{Network Difficulty} \times 120} \times (1 - \text{Pool Fee})$$
2. Electricity Cost per Day ($\text{Cost}_{\text{daily}}$)
$$\text{Cost}_{\text{daily}} = \frac{\text{Power Consumption (W)} \times 24}{1000} \times \text{Electricity Cost} (\$/kWh)$$
3. Net Profit per Day ($\text{Profit}_{\text{daily}}$)
$$\text{Profit}_{\text{daily}} = (\text{XMR}_{\text{daily}} \times \text{Monero Price}) - \text{Cost}_{\text{daily}}$$
Formula Source: CryptoCompare Mining Formula | Monero Official Guide
Variables Explained
- Hash Rate (H/s): Your mining rig’s speed in hashes per second. Monero often uses the RandomX algorithm.
- Monero Price (USD/XMR): The current market value of one Monero coin in US Dollars.
- Network Difficulty: A measure of how hard it is to find a new Monero block. This value constantly changes.
- Block Reward (XMR): The amount of Monero (XMR) awarded for successfully mining a block.
- Power Consumption (Watts): The total electrical power consumed by your mining rig (CPU, GPU, motherboard, etc.).
- Electricity Cost ($/kWh): The rate you pay for electricity per kilowatt-hour. This is the biggest factor in mining profitability.
- Pool Fee (%): The percentage of your earnings taken by the mining pool you use.
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What is Monero Mining Calculator?
A Monero Mining Calculator is an essential tool for crypto miners to assess the potential return on investment (ROI) before purchasing or setting up mining hardware. It takes key operational and market data—such as your hardware’s hash rate, the current Monero price, network difficulty, and local electricity costs—to project your estimated daily, monthly, and annual profit.
Monero (XMR) utilizes the RandomX proof-of-work algorithm, which is CPU-friendly, making electricity efficiency paramount. Unlike Bitcoin mining which is often dominated by ASIC farms, XMR profitability relies heavily on low power consumption and high single-core performance. This calculator helps determine the break-even point and overall viability of a specific setup.
How to Calculate Monero Mining Profit (Example)
- Collect Input Data: Start by gathering all seven variables: Hash Rate (e.g., 50,000 H/s), XMR Price ($150), Difficulty (280B), Block Reward (0.60 XMR), Power (300 W), Cost ($0.12/kWh), and Fee (1.5%).
- Calculate XMR Mined: Apply the XMR daily formula. (50000 * 0.60 * 86400) / (280000000000 * 120) * (1 – 0.015) = ~0.000762 XMR.
- Calculate Electricity Cost: Determine daily cost in USD. (300 W * 24 hours) / 1000 * $0.12 = $0.864.
- Calculate Revenue: Convert XMR mined to USD. 0.000762 XMR * $150 = $0.1143.
- Determine Net Profit: Subtract the cost from the revenue. $0.1143 – $0.864 = -$0.7497. (In this example, the setup is unprofitable).
Frequently Asked Questions (FAQ)
How often does Monero’s difficulty change?
Monero’s network difficulty adjusts dynamically with every block (approximately every 2 minutes) to maintain a consistent block time.
What is the best hardware for Monero mining?
Because Monero uses RandomX, CPUs are typically the most efficient hardware. High single-core performance CPUs like AMD Ryzen series are often favored over GPUs or ASICs for XMR.
Do I need a mining pool to use this calculator?
While you can solo mine, the calculator assumes pool mining as it’s the standard practice. The “Pool Fee” input is specifically for this. Solo mining introduces high variance.
Is Monero mining profitable right now?
Profitability depends entirely on your specific inputs: high hash rate, low power consumption, and low electricity cost. This calculator provides the exact financial answer for your setup.