What is a good hash rate for mining XMR?
It's important to be aware of the hash rate of one Monero mining machine. The average hash rate is about 500H/s, with fluctuation from 300H/s to 700H/s. It's a good stable hash rate, plus you save your CPU from getting fried.
"The Bitcoin network today has a hash rate of approximately 190 EH/s, so all the miners across the network are calculating the output of the SHA-256 cryptographic hash function approximately 190 quintillion times per second on average."
- Monero is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. ...
- You would need approximately 7 AMD RX VEGA 64 LC at 1980–2000 H/s each to mine 1 XMR every day.
By the time you read this, the XMR price might have skyrocketed, making it profitable for even solo mining. However, at the current XMR price of $211, it likely won't be unless you have exceedingly cheap electricity. In that case, your best bet is to join a Monero mining pool and contribute to a shared effort.
XMR mining is profitable
Depending on your CPU/GPU, this will quantity to around $0.45 to $1 in profitability, per day per mining system.
A high hashrate indicates there's more competition, but the reward could still be worth it. For example, the Bitcoin hashrate has been as high as 179 exahashes per second (1 exahash = 1 quintillion), but miners were still incentivized to participate because the potential reward was worth the cost.
It's the approximate average of all the hash rates of each individual miner in the network. A higher hash rate is better, because it increases the miner's chances of finding the next block and receiving a Bitcoin reward.
Bitcoin Mining Companies
As the profitability of Bitcoin mining dropped in 2022, top crypto miners' share prices have also fallen. Fortunately, Canaccord Genuity analyst Joseph Vafi says the most efficient Bitcoin miners are still turning a significant profit on their rigs.
As of Sunday, August 21, 2022, it would take 132.6 days to mine 1 Monero at the current Monero difficulty level along with the mining hashrate and block reward; a Monero mining hashrate of 42,000.00 H/s consuming 450.00 watts of power at $0.10 per kWh, and a block reward of 0.65 XMR.
For AMD graphics cards, you can go for either the AMD R9 280x or the more recent AMD Radeon Rx 580. The AMD R9 280x provides a hash power of 500 H/s, while AMD Radeon Rx 580 provides 575 H/s. For AMD GPU, you can use XMR-STAK-AMD as the mining software.
Which CPU is best for Monero?
- AMD Ryzen Threadripper 3970X. The absolute best mining CPU. ...
- AMD Ryzen 9 3950X. Another brilliant mining CPU from AMD. ...
- Intel Pentium Gold G-6400. A great CPU for maximising mining profit. ...
- AMD Ryzen 5 3600X. ...
- AMD Ryzen Threadripper 3960X. ...
- Intel Core i9-10900X. ...
- Intel Celeron G5905. ...
- AMD Ryzen 3 3100.
Do you know how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR. So, by doing the simple math, we know that 1 XMR is mined every 24 seconds.
Hardware choices –AMD or Nvidia
Using a GPU is the ideal way to mine Monero. While it requires substantially more investment compared to using a CPU, its hash rate is significantly higher. There are two primary manufacturers of GPUs you should take a look at – AMD and Nvidia.
The walkthrough will be on a Windows 10 machine, but note that you can also mine on Windows 7 or 8, as well as on Linux and Mac. The whole process of downloading your miner, configuring things, and getting going should take less than 20 minutes.
