A new full‐precision algorithm to solve the Debye scattering equation has been developed for high‐performance computing of powder diffraction line profiles from large‐scale atomistic models of nanomaterials. The Debye function was evaluated using a pair distribution function computed with high accuracy, exploiting the series expansion of the error between calculated and equispace‐sampled pair distances of atoms. The intensity uncertainty (standard deviation) of the computed diffraction profile was estimated as a function of the algorithm‐intrinsic approximations and coordinate precision of the atomic positions, confirming the high accuracy of the simulated pattern. Based on the propagation of uncertainty, the new algorithm provides a more accurate powder diffraction profile than a brute‐force calculation. Indeed, the precision of floating‐point numbers employed in brute‐force computations is worse than the estimated accuracy provided by the new algorithm. A software application, ROSE‐X, has been implemented for parallel computing on CPU/GPU multi‐core processors and distributed clusters. The computing performance is directly proportional to the total processor speed of the devices. An average speed of ∼30 × 109 computed pair distances per second was measured, allowing simulation of the powder diffraction pattern of an ∼23 million atom microstructure in a couple of hours. Moreover, the pair distribution function was recorded and reused to evaluate powder diffraction profiles of the same system with different properties (i.e.Q rather than 2θ range, step and wavelength), avoiding additional pair distance computations. This approach was used to investigate a large collection of monoatomic and polyatomic microstructures, isolating the contribution from atoms belonging to different moieties (e.g. different species or crystalline domains).