Groq vs MiniMax API
LLM API Providers pricing comparison · 2026
Groq pricing ranges from $0.05–$3/per million tokens, while MiniMax API ranges from $0.2–$3/per million tokens. These products use different pricing models (Usage-based (pay per token/image/minute) vs Per-seat subscription), so a direct price comparison isn't meaningful — costs depend on usage volume and mix.
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Groq and MiniMax API are two leading LLM API providers. This page compares their per-token pricing, available models, and tier structure so you can pick the right backend for your workload — whether you're optimizing for cost per 1M tokens, latency, or model quality.
Plan-by-Plan Pricing
| Plan | Groq | MiniMax API |
|---|---|---|
| Free | Free /month | Custom |
| Developer | Custom | Custom |
| Enterprise | Custom | — |
Cost at Scale
Total cost of ownership — licenses, implementation, and hidden costs included.
Groq
3 scenarios$16.00
Audio Transcription: 400 Hours via Whisper
total ($0.04 × 400 hours)
$0.90/month ($0.50 input + $0.40 output)
Light Developer Usage: Llama 3.1 8B
$45.30/month ($29.50 input + $15.80 output)
Production App: Moderate Usage with Llama 3.3 70B
MiniMax API
3 scenariosApproximately $0.41/month ($0.11 input + $0.30 output at M2.5 rates)
Light API Usage (1M tokens/month)
Approximately $51.75/month ($21.75 input at $0.29/1M + $30 output at $1.20/1M)
Mid-Scale Application (100M tokens/month)
Approximately $85/month ($30 input at $0.40/1M + $55 output at $2.20/1M)
Flagship Model (MiniMax M1, 100M tokens/month)
Contract Terms
| Term | Groq | MiniMax API |
|---|---|---|
| Auto-renewal | No | — |
| Cancellation | — | — |
| Minimum commitment | — | — |
| Price escalation | No published price escalation schedule; token prices have generally trended downward as model catalog expands | — |
| Can downgrade | Yes | — |