Monero XMR Network Difficulty Chart - 2Miners (2024)

FAQs

What is the current network difficulty in Monero? ›

Current Monero Difficulty

The current XMR difficulty is 234.01 G at block 3,134,910, resulting in a Monero mining difficulty increase of 0.70% in the last 24 hours. The Monero difficulty chart plots the Monero difficulty target over time and the current Monero difficulty (XMR diff) target.

Currently, Monero network hashrate is 1.81 GH/s = 1 810 977 134 h/s. Network hashrate is calculated using the current network difficulty, the average block find time set by the cryptocurrency network and/or the effective block find time of the latest blocks.

Now, another question you might be interested in is how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes. You already know that the current reward for mining a transaction block is 0.6 XMR. Doing the simple math, 1 XMR is mined every 3 minutes and 20 seconds.

The current Monero hashrate is 2.04 GH/s, representing the global Monero network hashrate with a mining difficulty of 244.27 G at block height 3,133,914. View the Monero hashrate chart for current and all time Monero historical hashrates.

Monero (/məˈnɛroʊ/; Abbreviation: XMR) is a cryptocurrency which uses a blockchain with privacy-enhancing technologies to obfuscate transactions to achieve anonymity and fungibility. Observers cannot decipher addresses trading Monero, transaction amounts, address balances, or transaction histories.

Monero's current circulating supply is 18.43M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.88% meaning 159,956 XMR were created in the last year.

Cryptocurrency exchanges like Binance have come under increasing regulatory pressure to crack down on tokens that enable illegal transactions. Consequently, Binance has opted to delist Monero rather than contend with potential regulatory issues.

Monero has an average block time of 2 minutes, meaning that there are approximately 720 blocks per day.

Monero is a Proof of Work cryptocurrency that can be miner with computational power from a CPU or GPU. There are currently no ASICs for Monero, which means that anyone with a computer can mine it. Using the formula n = (Network Hashrate) / (720 * Avg Block Reward): n = 14444.4 H/s, or 14.44 kH/s to mine 1 XMR per day.

Setting Up Monero GUI Wallet Mining

Solo-mining is generally far less profitable than pool mining, unless you get lucky. Because the hashing power of your machine is so low compared to the hashing power of the entire network, the chances of you actually finding and mining a block yourself are incredibly small.

How much hashrate is needed to mine 1 XMR? ›

Looking at that, the absolute fastest CPU for Monero's RandomX algorithm, is the AMD EPYC 7502P. And that manages a hashrate of 23.9 kH/s = 23000 H/s. So, you'd be mining (without taking any costs into account) 0.0039 XMR per day. To get 1.0 XMR per day, you'd need 1.0 / 0.0039 = 257 of those CPUs.

Monero deposits require 10 confirmations on the blockchain before your Monero is available in Exodus. If your deposit is still pending, you must wait for the transaction to reach at least 10 confirmations on the blockchain confirmed before the Monero is available. Typically, this should not take more than 20 minutes.

What is Monero's maximum supply? Monero has a fixed emission rate, not a set maximum supply. Around May 2022, Monero's emission will drop to and permanently remain at 0.3 XMR per minute (0.6 XMR per block). This is approximately 1% inflation for the first year and will approach 0% inflation in future years.

How big is the Monero blockchain? The Monero blockchain is always growing so there is no fixed size. As of 2022, the full blockchain is around 140-150GB. A pruned blockchain is about 50GB.

Cryptocurrency exchanges like Binance have come under increasing regulatory pressure to crack down on tokens that enable illegal transactions. Consequently, Binance has opted to delist Monero rather than contend with potential regulatory issues.

The current Bitcoin hashrate is 570.10 EH/s, representing the global Bitcoin network hashrate with a mining difficulty of 88.10 T at block height 841,739. View the Bitcoin hashrate chart for current and all time Bitcoin historical hashrates.

Monero (XMR) slumped to an all-time low of 1.8 million after crypto exchange Binance said it will stop listing the privacy token as of Feb. 20. Privacy coins are cryptocurrencies that preserve anonymity by obscuring the flow of money across their networks, making it difficult to determine who sent what to whom.