What Is a Good Hashrate for Monero Mining (2024)

Published: January 2, 2024 | Last Updated: October 29, 2023

Markos Koemtzopoulos

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

Using XMRig Benchmark data I have analyzed the average hashrate of the top Monero mining rigs. The most powerful miners are those in the AMD EPYC series which clock around 45 KH/s on average. A high-end AMD Ryzen will give you around 25KH/s while the AMD Threadripper delivers a hefty hashrate at just under 60 KH/s. If you are looking at an Intel CPU you can expect to get 7 KH/s max. If you want to be profitable mining Monero you need to achieve at least 15KH/s. Let me show you why.

what is a good hashrate for monero mining

Average Monero mining hash rates

In the table below I have logged the average hashrate for a representative sample of CPUs. The top 9 are the ones that achieve the highest computing power.

In addition, I have included the Bitmain X5 which is extremely powerful at 212KH/s.

I also added another 4 models including some Ryzens and an Intel that is especially popular with the Monero developers on Reddit.

Average hashrate for top XMR miners

# CPU Machine Hash Rate (H/s)
1 AMD EPYC 9554 64-Core Processor 64,178
2 AMD EPYC 7T83 64-Core Processor 42,195
3 AMD EPYC 7J13 64-Core Processor 49,463
4 AMD EPYC 7742 64-Core Processor 48,823
5 AMD EPYC 7H12 64-Core Processor 42,480
6 AMD EPYC 7B12 64-Core Processor 43,055
7 AMD EPYC 7713 64-Core Processor 45,222
8 AMD EPYC 7702 64-Core Processor 42,531
9 AMD EPYC 7662 64-Core Processor 24,568
10 Bitmain X5 212,000
11 AMD Ryzen 9 7950X 16-Core Processor 25,160
12 AMD Ryzen Threadripper 3990X 64-Core Processor 59,510
13 Intel® Xeon® Platinum 8153 CPU @ 2.00GHz 6,810
14 Ryzen 3900 12,000

You can see that the top models here achieve a high output of over 40 KH/s. However, these high-end machines consume a lot of power and usually cost a lot of money.

Factors that affect

So the question you really want to answer is what is a good hashrate to turn a profit mining XMR tokens?

But the answer to that question is not only dependent on how powerful your Monero mining rig is.

To decide on the best Monero mining hardware you need to consider the following important factors.

Factors to consider beyond hashrate

  • Electricity costs: if you can’t procure electricity for less than 12 cents/kWh you are unlikely to break even
  • The price of Monero coin has been hovering around $150 for the past year
  • Network difficulty: The Monero blockchain depends on how many miners have joined. Difficulty increases if more miners start hashing and decreases when they start dropping out. The network difficulty affects how likely you are to find a new block. The current mining difficulty is 360G and has hovered between 300G and 400G for the past 4 years.
  • Power consumption: a low-powered machine will consume between 90 to 100 watts. Some machines like the Bitmain X5 consume way more than that.
  • Mining rewards: The XMR network rewards new blocks with 0.6 XMR plus transaction fees which are usually around 0.01 XMR

I plugged the above assumptions into my calculator (you can find my spreadsheet and other Monero calculators here) and the minimum hashrate you need is 15 KH/s.

Anything less than that and you will technically be able to mine Monero but you will be spending more on electricity than what you earn in Monero rewards.

To mine profitably you need to consider power efficiency and upfront capital investment.

Achieving a high hash rate doesn’t mean anything without taking the cost components into account.

What hashrate are Monero mining rigs achieving

In the graph below I have plotted the data from XMRig benchmark data.

The data shows there is a wide variation in performance between rigs.

The top-performing ones are high-end EPYC AMDs with more than 1 CPU and more than 8 RAM sticks.

The lowest-performing ones are low-end CPUs including laptops and PCs that don’t achieve much hashing power at all.

hashrate vs CPU
The graph shows contains more than 1,000 data points. The x-axis shows a representative sample of labels but not all of them

What is the average Hashrate for Monero?

The average hashrate of all mining rigs on the XMRig benchmark is 6,804 H/s.

This does not account for the fact that some of the large mining rigs have more than one CPU and multiple RAM sticks.

At this level of hashing you can expect to make a slight loss if you have average power consumption and costs.

Why are Monero miners mining with low hashrate?

For a few reasons

  1. They just want to support the network ideologically and don’t care about profits
  2. They don’t know what they are doing because they are using automated software or algorithmic pool mining and they don’t really know what they are mining or what it is costing them
  3. They are hobbyists or beginners experimenting to see how XMR mining works hoping their idle CPU will give them some extra pocket money.
  4. They have free or very low-cost electricity
  5. They use a lower amount of RAM. More about the optimal amount of RAM for Monero mining here.

What is the total Monero hashrate?

According to 2miners.com, a popular XMR mining pool, the current Network hashrate is 2.16 GH/s

What is the highest Hashrate GPU for Monero?

GPUs are terrible at mining Monero.

While technically possible you are going to achieve very low hash rates using a GPU.

The best graphics cards such as the NVIDIA Titan RTX will achieve 8.5 KH/s on Monero’s RandomX algorithm. This is not enough hash power to be profitable.

On average you are not going to get more than 2.7 KH/s with a GPU. Monero mining needs a CPU(central processing unit) to make sense financially.

Note that ASIC mining is also not an option.

See CPU or GPU for Monero Mining? Definitely Not GPU in 2023 for more.

Useful resources

Up next

What Is the Best CPU for Monero Mining in 2023?

what is the best cpu for Monero mining 2023

I decided to settle the score and find an objective way to measure which is the best Monero miner. To do this I needed to find the most efficient miner. When I say most efficient I mean the miner that will give you back your upfront investment the fastest. In this post, I will walk you through my research and the methodology I used to rank Monero mining CPUs and I will show you which is the winner. Read more.

How to Mine 1 Monero Per Day: Here Is What You Need

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You are going to need more than one CPU machine to mine 1 Monero per day. Currently, the most powerful Monero mining hardware will give you just over 0.03 XMR coins per day. So to mine 1 Monero coin in a day you will need 32 of these mining rigs. Let’s take a close look at the calculations.

Markos Koemtzopoulos is the founder and main writer of ElementalCrypto. He has been a lecturer at the University of Nicosia on cryptocurrencies and DeFi and has taught two courses on crypto and blockchain technology.

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