August 6, 2020

Monero Mining Calculator – How Profitable is it to Mine XMR?

Fibo Quantum

This simple Monero mining calculator will allow you to determine how much you can profit from a certain Monero miner. It takes into account all relevant costs such as hardware, electricity and fees. See below for detailed instructions on how to use it.

1 Monero = 43 USD

Instructions on how to use the Monero Mining Calculator:

  1. Enter the hash rate of the Monero miner you’re planning to use
  2. Click on “Calculate mining revenue”
  3. That’s it! (we said it was simple….)

Note: 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.

Calculator fields explained

Difficulty factor – The more people are trying to mine Monero the harder it becomes to actually mine. Difficulty is 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.

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.

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 IS 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 you want to get started with Monero mining read this post.

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