The block reward will soon go down to a constant 0.6 XMR, and more hashing power will come to the chain. I am sure the USD/W relation from hashing is going to reduce in the next five years. This income calculation assumes you immediately take out your Monera and convert it to USD. Monero income calculation for different types of mining hardware. The table below summarizes our income from the mining operation over five years: From this information, we can calculate the income over five years (assuming USD/H remains constant): USD/((kH/s)/month)×12 months ×5 years×(H/s)/W/1000×W. From Cryptocompare, we get that with 1kH/s (1000H/s), we make $3.58 (6) over one month. Based on the RandomX benchmark list and my own experience, we get the following levels of hashes per second per Watt: R9 3950X: 95 (H/s)/W for an average power consumption of 175W (GPU disabled in Linux), i7 MBP 27.1 (H/s)/W with 58W, i9 MBP: 44.6 (H/s)/W with 48W, and a yet to be determined (H/s)/W for the Redmi. I use my Ryzen 9 3950X system for, say, $1500. I will not go to the top of the RandomX benchmark list system. Then there is the CAPEX for the benchmark. Recommendation on the Redmi: find one with a shattered screen - they are cheaper in CAPEX and OPEX (once you remove the unnecessary screen). I will also source my mining hardware second-hand whenever possible: $2000 for the i9 MBP, $700 for the i7 MBP, and $100 for the Redmi Note7. So for the Monero mining operation, I suggest letting the equipment depreciate over five years - while I am sure the Macbook fans would never last that long. On the other hand, it seems Bitcoin ASICs depreciate in less than four years. I do not mind using decent hardware for ten years. I would be happy to use my 2013 Macbook still if its screen was not shattered. Something we need to define still is the depreciation period of our mining equipment. The Xiaomi is in the game (inside my shelf) because my iPhone did not like joining me surfing in summer 2019 and served as a cheap replacement phone for the rest of the vacation. I also would like to throw in my two Macbook Pros (1x 2013 i i9) as control cases, and then there is the challenger case, a Xiaomi Redmi Note 7. I want to take this high-end AMD system as my benchmark case. Taking a step back and listening to forum articles and Reddit about RandomX mining hardware, most people will recommend going for a high-end AMD system. The ROI of your mining operation is the conversion of electrical energy operating expenditures (OPEX) and your mining equipment capital expenditures (CAPEX) into returned $$$ or rather XRM or another currency. The fun technical part will follow below. This section is all about return on investment (ROI). Solar power is attractive as the cost of electrical energy is significant in Mining operations. #Monero hash calculator android#The Android phone can efficiently run from solar power and therefore does not require any energy expenditure. This article aims to define a sound basis for the ROI calculation and to include uncommon mining hardware using an Android phone. You might have found this article because you want to get the best hardware for the best return on investment (ROI) when mining Monero. You probably found this article because you already learned that you can mine Monero with your CPU and that the underlying proof-of-work algorithm RandomX is designed to repel GPU, ASICs, and FPGAs. I would instead like to help you not to lose money trying to mine Monero. I want to start by telling you that you won't become wealthy by attempting to mine Monero. #Monero hash calculator software#To include a mobile ARM (Snapdragon 660) based mining system the mining software setup on Android is described and the performance of this system is compared to the more standard setups using PC and MAC hardware. Based on this the return on investment for different Monero mining hardware configurations over a livetime of 5 years is calculated. This article determines the mining conversion efficiency in terms of USD (earned) per Watt input power.
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