Estimate your Monero (XMR) mining profitability with precision. This monero calculator provides real-time insights into potential earnings, electricity costs, and net profit based on the RandomX algorithm parameters.
Monero Calculator
Monero Calculator Formula
Daily Reward = (H / D) * R * 86400 * P
Daily Cost = (W * 24 / 1000) * C
Net Profit = (Daily Reward * (1 – F)) – Daily Cost
Source: Monero official docs, CoinWarz API
Variables:
- H (Hashrate): The speed at which your hardware solves XMR hashes.
- D (Difficulty): Current network difficulty of the RandomX algorithm.
- R (Block Reward): Amount of XMR rewarded per block solved.
- W (Power): Electricity drawn by your CPU/Mining rig.
- C (Cost): Your local electricity price per kilowatt-hour.
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What is Monero Calculator?
A monero calculator is a specialized financial tool used by cryptocurrency miners to determine the economic viability of mining XMR. Since Monero uses the RandomX consensus algorithm, which is optimized for general-purpose CPUs, calculating profitability requires precise input regarding hardware hashrate and power efficiency.
By using this tool, users can factor in the volatile network difficulty and the current market price of XMR to decide if their hardware setup is generating a positive return on investment after accounting for electricity overhead.
How to Calculate Monero Profitability (Example)
- Determine your CPU’s hashrate (e.g., Ryzen 9 5900X ≈ 13,000 H/s).
- Find your system’s power draw from the wall (e.g., 150 Watts).
- Input your local utility rate (e.g., $0.10 per kWh).
- The calculator computes the gross XMR reward based on network difficulty, deducts the pool fee and electricity cost, and provides the net USD profit.
Frequently Asked Questions (FAQ)
Is Monero mining still profitable in 2024? It depends heavily on your CPU efficiency and electricity cost. High-end CPUs with low power costs often remain profitable.
What is the best hardware for Monero mining? CPUs with large L3 caches, such as AMD Ryzen and EPYC series, are generally the most efficient for the RandomX algorithm.
Does this calculator update XMR prices? For this module, we use a snapshot of network difficulty ($250B) and XMR price ($160) as a baseline, but these can be manually adjusted in advanced settings.
What is a typical pool fee? Most Monero mining pools charge between 0.5% and 2%.