Monero Mining Calculator
By: Ofir Beigel | Last updated: 1/21/21
This simple Monero mining calculator will allow you to determine how much you can profit from any Monero miner.
|XMR/USD Exchange Rate|
|Pool Fees %|
|Hardware Cost (USD)|
|Power Cost (USD/kWh)|
|Duration||Calculation||Estimated Profit in USD|
Pure Earnings in XMR:
Pool Fee in XMR:
Earnings After Fee in XMR:
Earnings in USD:
Power Cost in USD:
Earnings After Power Cost in USD:
Earnings After Hardware Cost in USD:
If you want a detailed explanation about how to use the calculator, keep on reading. Here’s what I’ll cover:
- Enter the hash rate of your Monero miner
- For better accuracy (optional) enter any additional info you may have, such as your electricity costs, pool fees (if you’re mining via a pool), etc.
- Your calculated profit will be displayed automatically.
- 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 the current difficulty of mining 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.
Difficulty factor – The more people that are trying to mine Monero, the harder it becomes to actually mine. This is due to Difficulty – a metric that measures how hard it is to mine at the current moment. This information is taken automatically from the Monero network, so you do not need to change it.
Hash Rate – How powerful your miner is. The higher 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 distribution rate 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 it cost you to buy your Monero miner.
Power – How much energy your miner consumes. This information should be supplied by the manufacturer.
Power cost – How much are you paying for a kilowatt per hour of electricity in USD.
Can You Mine Monero With a GPU?
Yes. Monero’s Cryptonight algorithm is designed for GPU mining.
Can You Mine Monero With ASIC?
No. Monero’s Cryptonight algorithm is designed 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 = 248 USD
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.