diff --git a/pkgs/development/python-modules/monero/default.nix b/pkgs/development/python-modules/monero/default.nix
index 907e54417d6d..82e04542b664 100644
--- a/pkgs/development/python-modules/monero/default.nix
+++ b/pkgs/development/python-modules/monero/default.nix
@@ -14,13 +14,13 @@
 
 buildPythonPackage rec {
   pname = "monero";
-  version = "1.0.1";
+  version = "1.1.1";
 
   src = fetchFromGitHub {
     owner = "monero-ecosystem";
     repo = "monero-python";
     rev = "v${version}";
-    sha256 = "sha256-ZjAShIeGVVIKlwgSNPVSN7eaqhKu3wEpDP9wgBMOyZU=";
+    sha256 = "sha256-WIF3pFBOLgozYTrQHLzIRgSlT3dTZTe+7sF/dVjVdTo=";
   };
 
   postPatch = ''