Topic: $800 Electric Bill . . + My Current GPU Mining Profitability (Read 4952 times)

I had the same problem r many years. I’ve got a big house, and I can’t force my kids with the light off when they don’t need it, plug out some devices after use, and many other little things that affect our bill. We used to pay more than 900$ each month only for electricity. Sometimes we had to pay the same umm or even bigger for the water because my daughter refused to take showers instead of a bath, and my little son liked to play with water when we didn’t see it. Thanks to Energy Australia, I’ve managed to install an alternative source of energy and don’t have to pay so much for electricity no more.

 Where I'm at right now, about 50 cents per square foot per month for a space that is about half office, half warehouse setup - but this can vary widely, Wenatchee is noticeably higher most of the time on the Craigslist listings I've seen in the size range I keep an eye on (but probably lower on LARGE spaces, like most areas).


 I'm wondering when OP is going to rig up a large hamster-type wheel for his kid to run on to generate a few extra watts.
 9-)

wow really nice "remote location" solar setup. Living the dream

Any chance you can buy solar?

Thanks brother! Honestly this thread has got me thinking about moving out there over the next couple years haha xD

ugh, I'm so jealous of your setup that makes it . . even more awesome xD

Honestly its clearly deserved though as the amount of work you put in is insane

When you're looking at solar array pieces, what is the ideal $ for power formula? so roughly what you just ordered is 200x48 output = 13.44 kw ?

Quint, could you share how much the lease is per sf?

 My farm is not "huge" by any measure.
 
 I just don't insist on living "high on the hog" while I get it established and grow it.

Nice setup and videos. Really like seeing what other people have going on in the "home" miner sections.

When I was in Nevada my all-in elec was around the $0.115, so pretty high. As the guy above said, Washington has pretty dang cheap power.

Just mine ETH and hold it. It is better to mine something that has a stable price than to mine something that is very volatile at the moment. If you can, mine XMR on the side too that way you get to hold that as well. Just diversify and you will be fine.

scamcoin is very profitable at moment hehe

I  mining ETC with 3 rig 470.
what coin will profitable today.. can SO tell me some Coin?
thanks

You should keep a separate thread on your project, next year if prices on alts increase I am sure alot of folks would be interested in doing something similar

Yeah, that is a huge problem concerning roi, every cent counts.

Renvu (large solar supplier in CA) is running a free shipping special this week, so I broke down and ordered 48 280W panels and the needed ground mount hardware to do another 2 x 24 panel arrays.  This will boost my production by another 13.44Kw. 

These are the panels I got:

https://www.renvu.com/Solar-Products/Mono-Poly-Crystalline-Solar-Modules/AXITEC-AXIBlackPremium-280W-ALL-BLACK-Mono

That should bring my cost per kWh back down close to $ 0.00 per kWh, at least until I add a bunch more rigs.

 I specifically looked for a space that already had the capability of good ventilation and LOTS of outlets - and cleared with the landlord (I think they're also the owner) ahead of time that I'd be installing evaporative cooling instead of using the existing window-style air conditioners.

 I'm fairly small scale though for a "pro" miner.


 Took me a bit to figure out why the space was as low cost as it is - then the first train rumbled by, there's a track less than 100 feet behind the place.

Yeah same in my area, switching from residential to comerial Demand rates save me around 30% of what I am spending comercially, now I just have to figure out how to get all my gear moved , ask about the Demand service

they also give discounts on bulk use or credits whatever they call it.

Yeah! I have this debate with a couple of my local mining buddies, in this area and esp. theirs (northern va) you have to have a pretty serious farm to warrant the offset. Rent is ridiculous around them and quite honestly I think around me too.

Also for those that do move into a commercial space to rent . . how do you make the modifications to dissipate the heat + upgraded electric? if you're left to foot that bill your ROI will be extended dramatically

Ironically the commercial rate from my electric company would be the same or possibly higher. .  lol theyre also proposing to raise both rates some so that's frustrating to say the least but ultimately I plan to grow enough to warrant an expansion into an area that will give me cheaper elec.

long term and to pay it off then a huge farm is needed and that will take sometime.

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.

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.

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.

 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.

Man thats an insane solar project !

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.

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.

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.

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.

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

Suprnova / luckpool / zhash again as now that they’ve upgraded their site

Wow amazing project. British weather wouldn't approve of such ideas.

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.

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:

I’ll trade either of you xD

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?

thats a sick rate ill send a copy of my bill too to compare

 You should move.

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

 Hair under $0.046 all-up rate.

How long will it take you to recoup your solar investment? I'd love to have an energy source like that . .

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.

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

Right now I guess is around 40% to electricity bill, soon will be 70% hehe and in few months you will have to pay the electricity bill from your own pocket cause the money from mining will not be enough to pay the electricity bill hehe

13548 kWH for August. Effective rate $0.08265

$1119.80

I have about 200 M hash for Eth and I'm getting hit with an electric bill about $200 more than normal.  I'm happy, I'm mining more than I spend on electricity:)

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

Ouch! I've got mine down to 0.053/KWh commercial rates. If only I could get industrial rates!

It'd be nice to see a site similar to GPU benchmarks/coin but showing ACTUAL power costs in different areas. To be honest if I could find a really good rate somewhere in OR or WA I'd probably lease a building there to mine.

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.

 As I get the money to do so, I have been.


 I keep hoping the "flypool" folks will set up a zen pool to go with their ETH ETC and ZEC pools, but they haven't done so yet.

What are the ZEN pools you're currently using?

Very cheap electricity bill, this is a good place for mining, you should setup more mining rig 

Wow.. envy your electricity price.
In our country government charges about $1/Kwh when monthly usage goes over 1000kwh.

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

Here's my latest bill:



I have a 20kw solar array which is why I had no consumption from March - June and only a tiny bit in July, which is when I started mining.  My usage would have been another 2,500 kWh this past month had it not been for the solar array.

Here's my historical over the last 3 years:



I need to modify it to show my effective kWh rate with the solar offset.

I'm doing about 14 ksol/s and Burst mining with 260Tb.  I'm hoping the use my miners for heating during the cold season to offset the cost.  This summer's heat was pretty brutal.

Updated video on what I've made mining with the Antminer D3 for the past week

https://youtu.be/onO7O-vZQwQ

9517 KWh - $1287.50 total bill. Yeah, NYS stinks....  We hope to switch to a continuous natural gas generator to use the free gas on our property, but that likely will be a project for next summer. I'd love to move to where QuintLeo is, but for various non mining reasons we're stuck here for the forseeable future.

Just got this month's bill.

8858 KWh, 16 KW peak, $780

ouchie, winter months will be better since I won't have to run the A/C to keep the place under 30C.

Southeast USA.

It's hard to say what my current rate is.  I haven't been at full capacity for a full month, yet.  My previous bill was roughly 200 peak hours, so it would not much better than residential rates of 0.10 USD/kwh.

My last power bill was just over $500 at the bottom line for a hair under 11KW used.

 The large majority is mining, but it's a mix of A2 Scrypt ASIC, ballpark 30 cards worth of NVidia rigs currently mining ZEC, and a bunch of misc. AMD rigs mostly working RC5-72 Dnet via the Moo Wrapper project on BOINC and earning some Gridcoin to pay the electric for those rigs (and not much more if at all, but I'm consistantly the #1 producer in all of Dnet on RC5 work AND by far the #1 Moo Wrapper producer, as well as being easily Top 20 in Gridcoin research production).

 I expect the next electric bill to be somewhat higher, as I've added more hardware this past month.

 I also have a bunch of optimization work to do on the rigs for ZEC mining, they WERE doing Folding@Home 'till a combination of the recent ABUSE by Vorshalk (a CureCoin DEVELOPER) that has been killing profitability of both CureCoin AND FoldingCoin coupled with my ongoing long-term issues with Stanford's frequently broken infrastructure ticked me off to the point I refuse to deal with those projects any more.


 Given your high electric rate, have you considered moving somewhere with LOW cost electric?
 My next planned move (probably sometime next year, possibly 2 years off) should net me a significant drop in electric cost (I'm in "only" the 3'd lowest cost residential/small business electric rate are of the country, the top 2 are "right next door" in adjacent counties).

@hanskan whats your elec cost / where in AUS


@Tecmand what are your miners and what is your elec cost?


@bclcjunkie that would really flip my world upside down if they came out with an equihash ASIC lol


@LoneRangir I try to pay everything I can out of pocket, but I'll be selling crypto pretty steadily for the rest of the year unfortunately to pay some expenses and really just pay off the debt i've accrued

that's pretty awesome actually, where ar eyou located and whats your price end up coming out to?

To be fair my bill will be more like 1k on my next statement / 1.2k with the D3 I added so this price is a bit under and not a absolute full representation of everything so time will tell O_O whats your elec rate?

I actually talked to them about it. . unfortunately its basically worthless for me to switch with my elec provider T_T and thanks for watching

https://youtu.be/Q5F8mPbce9o I think this video will help if you want a video overview


This is a copy and pasted full part list - phil on our forum really designed this rig ..  I just made a lot of them lol xD
ALL PARTS REQUIRED LISTED BELOW w/ LINKS
Inspired and designed on the bitcointalk forum operating off of nvOC Phil's Direct Injecto Trio GPU Mining Rig by VoskCoin Complete parts list below

nvOC official thread and latest version

https://bitcointalksearch.org/topic/mining-os-nvoc-1854250

MotherBoard

http://amzn.to/2uJDgsV

Screws

http://amzn.to/2uFjNLE

Spacers

http://amzn.to/2uJJtFv

Felt

http://amzn.to/2uKeAke

Power Switch

http://amzn.to/2eV5xsV

1080 TI

http://amzn.to/2eCSsRD
OR
http://amzn.to/2vR9bIq
OR
http://amzn.to/2h9C52S
OR
http://amzn.to/2uJDAb7

Best Mini card for price available 1070 mini

http://amzn.to/2eUul4c

CPU G4400

http://amzn.to/2vQRcS2

Ram Crucial

http://amzn.to/2fI5C3y
OR
http://amzn.to/2uJm5rD

EVGA 750w Platinum PSU

http://amzn.to/2uFLDYt

OR

Gold (cheaper option - less efficient)

http://amzn.to/2eUb17j

Lexar USB - best option currently available

http://amzn.to/2eU9P3N
OR
http://amzn.to/2ipmixA

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

16.1 kH/s and ~800 AUD per month on electricity, and i get ~1mW from solar panels per month. Really need to move my gear somewhere else lol

I have 12kh/s and use about $800 per month. I have much higher electricity price and less efficient miners.

good earnings as long as it's asic resistant.

Do you pay out of pocket or sell crypto to cover the cost of electricity?

That's neat.  I have roughly 23 ksol/s and my last electric bill was a little over $400.   

My energy rate is calculated roughly around how many hours I'm at peak power draw.  Each tier gives a bigger discount.  That is, 500 hours @ 10 kw (or 5000 kwh) will give me a better rate than 250 hours @ 20 kw.

Now you need to file for a commercial rate :p

Nice video, just finished watching it.

Whats the breakdown of those 3 GPU rigs, other than the GPU's. Do you run them like that out of stability or find it cheaper/more organized? Just curious what mobo/psu you're using for them.

And where do you keep your miners? I think you had a video on your farm but I dont remember if you said it was in your house or in the garage.

That's actually pretty good. Mine is almost half of that for about 1/3 of the power used. 350 H/s ETH + 10000 MH/s DCR dual mining and I have 1.1 KH/s on ZEC.

https://youtu.be/1tjhbYAXu6Y


~40k sols mainly on 240v mining 24/7 (Zcash/ZenCash)



What are your setups looking like / effect on your electric bill?

Official blog post text recap
http://voskcoin.com/800-electric-bill-whats-our-mining-profitability/