This blog post will explain how to use hardware acceleration with the Windows version of QEMU. Whenever the Linux version of QEMU is ran, it uses KVM for hardware acceleration. Since Windows is shipped with the Hyper-V accelerator, the -accel flag determines if QEMU can use it or not. The variable kernel-irqchip is set to off so Hyper-V will work with QEMU.

-accel whpx,kernel-irqchip=off

The Windows version of QEMU was used to write this blog post.