We study the performance of Monte Carlo simulations that sample a broad histogram in energy by determining the mean first-passage time to span the entire energy space of d-dimensional ferromagnetic Ising/Potts models. We first show that flat-histogram Monte Carlo methods with single-spin flip updates such as the Wang-Landau algorithm or the multicanonical method perform sub-optimally in comparison to an unbiased Markovian random walk in energy space. For the d=1,2,3 Ising model, the mean first-passage time tau scales with the number of spins N=L^d as tau propto N^2L^z. The critical exponent z is found to decrease as the dimensionality d is increased. In the mean-field limit of infinite dimensions we find that z vanishes up to logarithmic corrections. We then demonstrate how the slowdown characterized by z>0 for finite d can be overcome by two complementary approaches - cluster dynamics in connection with Wang-Landau sampling and the recently developed ensemble optimization technique. Both approaches are found to improve the random walk in energy space so that tau propto N^2 up to logarithmic corrections for the d=1 and d=2 Ising model.
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