Pages:
Author

Topic: $800 Electric Bill . . + My Current GPU Mining Profitability - page 2. (Read 4935 times)

legendary
Activity: 1498
Merit: 1030
I'm fully aware of the issues of moving - I just DID so last summer.

 If you're going to be serious about long-term profitable mining, though, you NEED to get somewhere with low electric cost.

sr. member
Activity: 2142
Merit: 353
Xtreme Monster
Ouch! That's some hefty price tag you got there buddy. Better move your mining somewhere else with cheaper power. Do you even RoI with that? I'm thinking that most of the stuff you mine goes out to pay back that electric bill.

That is not how things are, moving means renting, renting means money, what he pays right now is not mind blogging, now think about moving, paying less on electricity and paying the rent which is around $1000, his roi will be much much worse than now, now if he has a huge blood farm with megawatts that the less electricity he pays outstrip by a lot the rent price then yes is viable but then again there are others issues about moving to another place.
sr. member
Activity: 378
Merit: 251
Ouch! That's some hefty price tag you got there buddy. Better move your mining somewhere else with cheaper power. Do you even RoI with that? I'm thinking that most of the stuff you mine goes out to pay back that electric bill.
legendary
Activity: 1498
Merit: 1030
13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.

Where are you located / can pm if you’d like

On that topic where is the cheapest electric in the country? Or perhaps a top 5 list?

 3 counties in Central-Eastern Washington - Douglas, Chelan, and Grant.
 Residential and SMALL business rates in the first two are around 3 cents/kwh all up, Grant 4.5-4.6 all up (the rates are near identical between the 2 classes of service in each county).

 Large business rates in all three (200kw level for them all IIRC) is well under 3 cents/kwh all up.

 Most of each county is covered by a "County PUD" built fiber network that was originally set up for remote meter reading, but the counties lease access out to local area ISPs for end users to get connected to - usually on a 100Base-T Ethernet link (faster is available but I suspect it takes time to get the panel modified or swapped out).

 This is WHY there are a lot of LARGE major corporation data centers in Quincy (Grant County) and most of the largest cryptocoin farms in the USA are in the area (Gigawatt that used to be known as MegaBigPower, Zoomhash, Toomin Brothers, Columbia River Mining, to my specific knowlege and I KNOW I'm forgetting a couple and am sure there are others that are "under my radar").



 24,000 KWH / year is not much power - 66 KWH a day or well under 3KW total draw on a continuous basis.


 MOST areas I've ever lived in had lower "residential" rates than "small business" rates, but it varies depending on the specific power company involved. Never hurts to check into it, and potential other options like "Time of Day" rate that can often lower your power bill when they are available.
full member
Activity: 1148
Merit: 132
Dane, you’re definitely crazy. I love it man that is an epic project!

Clearly well thought out/ impressive

Do you have more on the actual mining farm ? It’s like I watched episode 1 and want to binge episode 2 lol
Man thats an insane solar project !
newbie
Activity: 5
Merit: 0
You ever thought about contacting you power company and getting commercial rates? The reason I say this is because the residential rates for my power company Duke Electricity is about $0.13 kWh maybe a little more after
taxes and other fees. If I was a commercial customer with "Demand Rates" meaning I will use 24,000 kWh a year which is simple I believe that is 24 KW (a year not month) I would pay about $10 a KW plus a fee of plus a set fee of about $12 delivery fee. So if my math is right at $10 KW that is .0138 kWh plus the delivery fee of $12 this is much cheaper then my current residential rate and I live in what looks like a more expensive power rate area than you so you may have a better deal on a commercial rate.
full member
Activity: 558
Merit: 194
How much did that solar project cost? I here it is pretty much like $3 a watt for residential Solar and $1 for commercial. I have family with a lot of land so it would be nice to put a lot of solar panels. If I could get mining to a point where I only can do that for a living I would research on building a solar farm to keep the cost of the build down.

I paid about $1.50 per watt, but I can do it now for closer to $1 as panels are down to about $0.60 / watt.
full member
Activity: 558
Merit: 194
Do you have more on the actual mining farm ? It’s like I watched episode 1 and want to binge episode 2 lol

On the mining front I'm doing a "show case" quad water cooled rig using 4 x MSI 1080Ti Sea Hawk EK X cards with a EK quad block and 480 radiator.  Mobo is MSI X99.  It will be mounted in this open frame:



That's my old dual 980Ti rig.

My 7 x 1080Ti and 9 x 1080Ti rigs are both doing great, as is my "mixed" rig (2 x 1050Ti, 3 x 1070, 1 x 1080Ti).

Currently working on installing 240V outlets around the house for mining stations for heating this coming winter.

newbie
Activity: 5
Merit: 0
How much did that solar project cost? I here it is pretty much like $3 a watt for residential Solar and $1 for commercial. I have family with a lot of land so it would be nice to put a lot of solar panels. If I could get mining to a point where I only can do that for a living I would research on building a solar farm to keep the cost of the build down.
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
Dane, you’re definitely crazy. I love it man that is an epic project!

Clearly well thought out/ impressive

Do you have more on the actual mining farm ? It’s like I watched episode 1 and want to binge episode 2 lol
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
What are the ZEN pools you're currently using?
Suprnova / luckpool / zhash again as now that they’ve upgraded their site
full member
Activity: 126
Merit: 100
Wow amazing project. British weather wouldn't approve of such ideas.
full member
Activity: 558
Merit: 194
Awesome stats man thanks for posting that. How much do you have invested into your solar array and what's the lifespan for it? Also for everyone that offset their heat with miners, is there a particular plan you have for that and do you kind of just put a rig in each room lol xD

I have 80 panels, each rated for 260W, so a total of 20.8 kW DC.  Each panel cost roughly $200 and each micro inverter $100, so a total of $24,000.  On top of that there is mounting for roof and ground, and running the electrical.  I did it all myself, so I was able to do all that for an additional $3,500 in parts.  So the grand total was $27,500 not counting my own labor.  So that worked out to $1.32 per watt.  Lifespan should be 25+ years.  By then production will likely be down to 85% of what it is now due to the cells in the panels slowly degrading over time.

As for heating the house with the miners, yeah, my plan is to spread them around the house.  I thought about ducting it into my central HVAC, but decided it would probably have had more cons and pros.

Wow man that is freaking awesome & impressive, would you mind sharing some pictures of the setup? What's your projected timeframe where the solar setup will pay for itself? You saved big $$$$ doing it yourself

Here are some pics.  It was LOT of work, but I enjoy these types of projects.

Pic from the other day of the panels from a distance:



Shot from the house looking down the hill where the panels are:



But let's start at the beginning. Smiley

In August of last year I had the POCO come out to disconnect my 400A service to my shop:



The POCO gave me a new 400A meter base for the house, and I picked up a used 400A fused disconnect on eBay.  12 oz coke can for scale.  That is a big disconnect!



Made a big mess on the backside of the house digging up the live service feed:



And finally the 400A automatic transfers switch joined the party:



So now it was time to re-route the 500 MCM cables the POCO dropped that went to the shop, up to the house and tie in to the 400A disconnect:



The ditchwitch was not able to handle the rocks, so I had to redo the trench with a backhoe before I could drop the cables in:



Next up was getting the new meter base and disconnect mounted and tie on the feed from the shop:



And finally on September 26th I got the service at the house switched over to the new equipment with the shop building where the solar is, on a 400A disconnect:



Now I was finally able to start installing the solar system!  Panels and related hardware arrive on October 26th:



Mounts installed on shop roof and the first couple of panels are installed on October 31st:



Most of the 1st section done by November 4th:



What the panels look like ready to go on the roof:



Last roof panel installed on November 6th:



Next up was pulling on the 1 1/4" steel conduit from the roof conduit box down the 200A shop sub-panel:



All the 10 gauge wire pulled through on the roof end:



And sub panel end:



Next up was the 24 panel ground mounted array.  Since this was going on recently back filled dirt, I decided to do a full pour between the 3" pipes that would support the array.  It is now November 26th:



Pour completed on the 28th:



Aluminum rails installed on December 2nd:



Panels go in on the 3rd:



Back side:



All done and online by the 4th:



Roof array power on December 7th:



Ground array power:



Pre-mining days I was making way more power that I used:

sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.


thats a sick rate ill send a copy of my bill too to compare
I’ll trade either of you xD
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.

Where are you located / can pm if you’d like

On that topic where is the cheapest electric in the country? Or perhaps a top 5 list?
full member
Activity: 1148
Merit: 132
13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.


thats a sick rate ill send a copy of my bill too to compare
legendary
Activity: 1498
Merit: 1030
13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.
sr. member
Activity: 1414
Merit: 487
YouTube.com/VoskCoin
@hanskan whats your elec cost / where in AUS

Perth, 25 cents/kW - that's like 19 cents US
I have 5kW solar going, that gets me roughly 1mW per month, less in the winter and more in the summer.
Asia ain't that far away and I'm really thinking of finding a place with lot cheaper electricity.
How long will it take you to recoup your solar investment? I'd love to have an energy source like that . .
full member
Activity: 336
Merit: 100
@hanskan whats your elec cost / where in AUS

Perth, 25 cents/kW - that's like 19 cents US
I have 5kW solar going, that gets me roughly 1mW per month, less in the winter and more in the summer.
Asia ain't that far away and I'm really thinking of finding a place with lot cheaper electricity.
full member
Activity: 405
Merit: 136

.....

Plywood - recommend sourcing locally otherwise amazon has options

http://amzn.to/2uFp3ik

////here's the video I made on building a 3 card rig https://youtu.be/fOzz6YFSNxE

Using plywood is not the best choise. Any flame-retardant material like policarbon or alluminium is much safe. Of course plywood is cheeper but not so much comparing with rig cost
Pages:
Jump to: