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Monero Mining Calculator

By: Alexander Reed | Last updated: 1/21/21

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 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.
  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 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.

2. Calculator fields explained

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.

3. Frequently Asked Questions

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 = 174 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.

Having delved into futures trading in the past, my intrigue in financial, economic, and political affairs eventually led me to a striking realization: the current debt-based fiat system is fundamentally flawed. This revelation prompted me to explore alternative avenues, including investments in gold and, since early 2013, Bitcoin. While not extensively tech-savvy, I've immersed myself in Bitcoin through dedicated study, persistent questioning, hands-on experience with ecommerce and marketing ventures, and my stint as a journalist. Writing has always been a passion of mine, and presently, I'm focused on crafting informative guides to shed light on the myriad advantages of Bitcoin, aiming to empower others to navigate the dynamic realm of digital currencies.

View all Posts by Alexander Reed

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7 comments on “Monero Mining Calculator”

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  1. Concerned monero miner

    Wrong. Monero Randomx is GPU resistant. You can only farm with CPU on 2022 since the hard fork.

  2. There is a problem collecting data:
    Difficulty is now over 153315347929 not 8146337.284097
    and block reward dropped to 1.64 not 5… Otheriwse I’d be quickly rich… 😀

    1. It depends on the time frame….
      The rule is the following:
      XMR = (H * R * n) / 1283000000
      H = how often 1 block is mined = once every 2 minutes, so 720 times a day
      R = reward for each block (currently 1.64 XMR)
      s = total hashes/s, now is 1283000000
      n = 1283000000 / (720*1.64) = 1,086,551 H/s = 1.086 MH/s to get 1 XMR per day

      For reference, with I7 3.2GHZ 8 cores I can “mine” 1.4KH/s : you’ll need about 800 machines to mine 1MXR (68$) a day… Is it worth?

  3. 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 !

    1. Hi Ricardo,

      Check out our article on the subject here:

      I would temper your expectations a bit though. Unless you’re really lucky with the Monero price and have a lot of mining power, you won’t get rich before the end of 2020 mining Monero.

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