How to Use a Monero Mining Calculator

The latest version of the Monero mining calculator makes it simple and easy to quickly calculate Monero mining profit by adjusting the mining hashrate values or by selecting one of the Monero mining hardware devices from the miner XMR list.

Monero is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it.

What’s the key to the Monero mining calculator

The Monero mining information is updated continually with the current block mining information. This information is used as the default inputs for the XMR mining calculator along with the default hashrate and wattage specs from the best Monero miner.

Each XMR mining calculator input has been preloaded with the best Monero mining hardware hashrate and energy consumption in watts, average electricity costs as well as the current Monero price, Monero block reward, and Monero difficulty.

How long does it take to mine 1 Monero?

As of Thursday, July 09, 2020, it would take 210.6 days to mine 1 Monero at the current Monero difficulty level along with the mining hash rate and block reward; a Monero mining hash rate of 4,200.00 H/s consuming 900.00 watts of power at USD 0.10 per kWh, and a block reward of USD 2.15 XMR.

It is important to point out that the number of days calculated does not account for difficulty increases and decreases as well as block reward increases and decreases. Be adept with the use of the Monero mining calculator so you are aware of the critical timelines.

How much Monero can I mine per day?

Based on the mining hardware inputs provided, 0.00474873 Monero can be mined per day with a Monero mining hashrate of 4,200.00 H/s, a block reward of USD 2.15 XMR, and a Monero difficulty of 164,294,832,160.00.

After deducting mining power costs and mining fees, the final daily Monero mining profit is (USD1.85) Monero to XMR USD exchange rate. This is easy on a Minor mining calculator.

Is it worth it to mine Monero?

While Monero mining can be profitable, it depends on a lot of factors, the most important of them being:

  • Hashrate: How powerful your hardware is
  • Power Consumption: How much electricity your hardware uses
  • Power Cost Per KWh in USD: How much your electricity costs per unit
  • Pool Fee: The pool fee for the mining pool. Mining pool fee can be 0.5% for USD 0.1 XMR USD
  • Initial hardware cost

The profitability of mining also depends on the price of XMR. The prices of cryptocurrencies can increase and decrease very quickly, and these price changes have an impact on your mining profitability.

Mining Monero is not profitable at this time with the mining hardware hash rate of 4,200.00 H/s, electricity cost, and pool /maintenance fees provided. These are important data inputs from the Monero mining calculator.

The Monero mining profitability results and mining rewards were calculated using the best mining XMR calculator with the following inputs.

An XMR mining difficulty of 164,294,832,160.00, a XMR mining hash rate of 4,200.00 H/s Power consumption of 900 watts of power cost at USD 0.10 per kWh, and a block reward of 2.15 XMR at USD 65.86 (XMR USD) exchange rate.

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 can try using a Monero mining calculator online! We recommend CryptoCompare’s Mining Calculator.