Monero Mining Calculator

This simple Monero mining calculator will allow you to determine how much you can profit from any Monero miner.

Difficulty Factor
Hash Rate
XMR/USD Exchange Rate
XMR/Block Reward
Pool Fees %
Hardware Cost (USD)
Power (Watts)
Power Cost (USD/kWh)

If you want a detailed explanation about how to use the calculator keep on reading, here’s what I’ll cover:

  1. Monero Mining Calculator Summary
  2. Calculator Fields Explained
  3. Frequently Asked Questions
  4. Conclusion

1. Monero Mining Calculator Summary

  1. Enter the hash rate of your Monero miner
  2. For more accuracy (Optional) enter additional info you may have, such as your electricity costs, pool fees (if you’re mining via a pool), etc.
  3. Your calculated profit will be displayed automatically.
  4. For more info, click ‘Show details’.

Keep in mind that:

  • Earnings are shown in USD based on the current exchange rate, the exchange rate can (and probably will) change from time to time.
  • Profit is based on current difficulty to mine Monero. Difficulty can (and probably will) change. From past experience it usually goes up as time goes by.
  • Earnings ARE NOT profit. You still have to take into account the cost of your mining hardware and the electricity to run it (and cool it down if needed).
  • If some values in the Monero mining calculator don’t seem right (exchange rate, block reward, etc.) you can adjust them manually. However normally they are all up to date. This option can also be used to simulate possible scenarios.

2. Calculator fields explained

Difficulty factor – The more people are trying to mine Monero the harder it becomes to actually mine. This is due to Difficulty – a metric that measures “how hard is it to mine?” at the current moment. This information is taken automatically from the Monero network, you do not need to change it.

Hash Rate – How powerful is your miner. The more Hash Rate it can produce the higher your mining rewards will be.  Normally you can get the Hash Rate of a specific miner from its manufacturer or by online search.

XMR/Block reward – How many XMR are distributed each time a successful block is mined. This information updates from time to time to keep the Monero money supply in check.

XMR/USD exchange rate – How much USD can you get for 1 XMR.

Pool fees – Usually miners group together into mining pools in order to increase their chances of successful mining. The pool takes a certain fee from the earnings.

Hardware cost – How much did it cost you to buy your Monero miner.

Power – How much energy does your miner consume. This information should be supplied by the manufacturer.

Power cost – How much are you paying for a KiloWatt per hour of electricity in USD.


3. Frequently Asked Questions

Can You Mine Monero With a GPU?

Yes. Monero’s Cryptonight algorithm is design for GPU mining.

Can You Mine Monero With ASIC?

No. Monero’s Cryptonight algorithm is design to be ASIC resistant.

In the past, Bitmain produced Application-Specific Integrated Circuits (ASICs) for mining Cryptonight.

However, the Cryptonight community wasn’t happy with the introduction of ASIC miners. So they decided to edit the algorithm, and they spawned another version called Cryptonight V7, which is resistant to ASICs.

How Much is Monero Worth?

At the moment 1 XMR = 51 USD


4. Conclusion

Monero (XMR) is one of the most popular choices for mining due to its GPU and CPU friendliness. However, make sure to make exact profit calculations before spending any capital on mining hardware.

You’ll need to have access to very cheap electricity and a cool environment to be profitable with Monero mining.

If you have any more questions or comments feel free to leave them in the comment section below.

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Ricardo

Do you have a complete set up video link of how to set a mining monero rig with all of your explanations details above available somewhere on internet for a complete rooky who want to be rich before end of 2020 ?

Best regards for help !