How do I calculate Monero mining profit from my hashrate?
You can estimate your Monero mining profit by calculating your share of the network’s mining power, converting your expected XMR into money, and subtracting your costs. Your hashrate gives you a starting point—not a guaranteed payout—because network competition, electricity use, fees, and the XMR price all affect the result.
1. Turn your hashrate into expected XMR
Your hashrate is the number of mining calculations your device performs each second. It is usually shown in hashes per second, or H/s.
Use this formula for a rough daily estimate:
XMR per day = (your hashrate ÷ network hashrate) × 432
Here is what those numbers mean:
- Your hashrate: Your average measured mining speed, not a brief peak.
- Network hashrate: The estimated combined mining speed of everyone mining Monero.
- 432: Approximately how much new XMR the network creates daily: 0.6 XMR per block, with one block roughly every two minutes.
Check a live Monero explorer or mining calculator for the network hashrate. Make sure both hashrates use the same units: 1 kH/s = 1,000 H/s, and 1 MH/s = 1,000,000 H/s.
This formula excludes transaction fees, which miners also receive, and assumes you mine continuously for 24 hours.
2. Adjust for your real mining time and fees
If you mine for only part of the day, multiply your estimate by:
Hours mining per day ÷ 24
Then account for any pool or service fee. A mining pool combines miners’ work and shares the rewards. For a 1% fee, multiply your expected XMR by 0.99.
Use the average hashrate your pool actually credits when available. It may be lower than your device’s displayed speed because of interrupted connections or rejected work.
For browser mining, measure your speed in the actual browser setup you use. Do not substitute a benchmark from a dedicated mining program. Background tabs, power-saving settings, and heat can reduce performance. Also check how the service calculates your credited rewards; its payout rules may differ from a straightforward pool share.
3. Subtract electricity and other costs
Convert your expected payout into your currency:
Daily revenue = expected XMR after fees × current XMR price
Then calculate electricity:
Daily electricity cost = (mining watts ÷ 1,000) × hours mining × price per kilowatt-hour
A kilowatt-hour, or kWh, is the energy unit shown on your electricity bill.
Finally:
Daily profit = daily revenue − electricity cost − other costs
Use a wall-power meter if possible. If you turn on the computer only to mine, count its full power use. If it would already be running, measure the extra power mining adds. Include additional cooling, withdrawal fees, and hardware costs where relevant.
4. Work through a hypothetical example
These are invented inputs, not current market or network figures:
- Your hashrate: 1,000 H/s
- Network hashrate: 1,000,000,000 H/s
- Mining time: 24 hours daily
- Pool fee: 1%
- XMR price: $200
- Mining power: 100 watts
- Electricity: $0.20/kWh
Your estimate becomes:
- XMR before fees: 0.000432 daily
- Revenue after the pool fee: about $0.086 daily
- Electricity: $0.48 daily
- Profit: about −$0.39 daily, before other costs
The bottom line
Use your measured hashrate, live network data, and actual electricity cost—not advertised earnings. Treat the result as a long-term average: mining rewards fluctuate, and a payout minimum can delay when you receive them.
