Topic: Bitcoin mining at 20 cents per kwh (Read 3421 times)
Norway right now: $0.09/kWh
with 3.2 gigs
still profitable by approx $550/month at current bitcoin prices..................
and that's at .20/kwh
Yup, CA likes it anal style..............
DKN
still profitable by approx $550/month at current bitcoin prices..................
and that's at .20/kwh
Yup, CA likes it anal style..............
DKN
to bad difficulty and growth calculators put your rig at unprofitable at all status in 30-60 days.
That's the number you should use if you consider expansion of mining perhaps, but for profitability you should calculate using the numbers that are applicable to your draw.
I don't agree at all. You should consider the difference between what your electric bill is when you mine and what it is when you don't mine. Otherwise, you will calculate that mining is profitable, but it also makes you pay more for the other electricity you are using. 
That's just it, costs are tiered, the top tier is $0.40/kWh, but the tiers before are significantly lower. Depending on your consumption it could average out to $0.20 (they charge you tier 1 for the first xxx kwh, then tier 2 for the next xxxx kwh, then finally tier 3 for every kwh after that).
If you average it out, you will get a deceptively low value. Yes, your average Kwh may cost you 23 cents. But if each additional Kwh costs you 40 cents, that's the number you should use when considering the profitability of mining.That's the number you should use if you consider expansion of mining perhaps, but for profitability you should calculate using the numbers that are applicable to your draw.
That's just it, costs are tiered, the top tier is $0.40/kWh, but the tiers before are significantly lower. Depending on your consumption it could average out to $0.20 (they charge you tier 1 for the first xxx kwh, then tier 2 for the next xxxx kwh, then finally tier 3 for every kwh after that).
If you average it out, you will get a deceptively low value. Yes, your average Kwh may cost you 23 cents. But if each additional Kwh costs you 40 cents, that's the number you should use when considering the profitability of mining. The answer is simple. SCALE UP.
Where I am one pays up to 15 eurocents - around 20 USD cents per KWH all included.
Next week I start paying less than half. Industrial power. Need to take 16 computers full of cards to qualify
Try finding out how cheap your power provider goes when you actually run an energy intensive business. Tehre should be a decent deal, especially as you take base load - the same 24/7.
Where I am one pays up to 15 eurocents - around 20 USD cents per KWH all included.
Next week I start paying less than half. Industrial power. Need to take 16 computers full of cards to qualify
Try finding out how cheap your power provider goes when you actually run an energy intensive business. Tehre should be a decent deal, especially as you take base load - the same 24/7.
Must be nice to live somewhere that charges you less as you use more electricity.
Here we need to pay for a contract to get industrial supply based on how much capacity is anticipated. If you exceed that, it's like 30~50% more penalty for the excess. THEN you get to pay for per unit used, as well as surcharge during peak periods -.-
It only make sense for us to mine here in residential zones.
The answer is simple. SCALE UP.
Where I am one pays up to 15 eurocents - around 20 USD cents per KWH all included.
Next week I start paying less than half. Industrial power. Need to take 16 computers full of cards to qualify
Try finding out how cheap your power provider goes when you actually run an energy intensive business. Tehre should be a decent deal, especially as you take base load - the same 24/7.
Where I am one pays up to 15 eurocents - around 20 USD cents per KWH all included.
Next week I start paying less than half. Industrial power. Need to take 16 computers full of cards to qualify
Try finding out how cheap your power provider goes when you actually run an energy intensive business. Tehre should be a decent deal, especially as you take base load - the same 24/7.
I'm paying 0.28$/kWh... it's still profitable.
It starts at only .05 per kwh
But after u reach about $100 in total cost you move thru another tier before hitting the .20 mark and then higher, i'm sure I'll see it on the next bill.
I'll be over .20 per kwh for sure me thinks
I'll pass the info along when I get my next bill.............
DKN
But after u reach about $100 in total cost you move thru another tier before hitting the .20 mark and then higher, i'm sure I'll see it on the next bill.
I'll be over .20 per kwh for sure me thinks
I'll pass the info along when I get my next bill.............
DKN
where in California are you getting .20/kwh. I think the higher tier is like $.35/kwh.
and that's at .20/kwh
Yup, CA likes it anal style..............
Yup, CA likes it anal style..............
That's just it, costs are tiered, the top tier is $0.40/kWh, but the tiers before are significantly lower. Depending on your consumption it could average out to $0.20 (they charge you tier 1 for the first xxx kwh, then tier 2 for the next xxxx kwh, then finally tier 3 for every kwh after that).
where in California are you getting .20/kwh. I think the higher tier is like $.35/kwh.
and that's at .20/kwh
Yup, CA likes it anal style..............
Yup, CA likes it anal style..............
WOW, and I thought I was getting gouged.............
Hopefully, BTC will rise in value and help alleviate some of the pain......................
Peace----
DKN
Hopefully, BTC will rise in value and help alleviate some of the pain......................
Peace----
DKN
Those power costs are a joke - try .47 cents kwh out here in Jamaica.
Then everything not so 'IRIE MON'
At that price solar becomes a viable option. Then everything not so 'IRIE MON'
Those power costs are a joke - try .47 cents kwh out here in Jamaica.
Then everything not so 'IRIE MON'
Then everything not so 'IRIE MON'
Ouch, at that rate, I don't think mining is at all worthwhile for you right?
Don't think, just calculate...
Feeling too lazy
at that rate, I don't even think it's worthwhile even using a fan or desk lamp. You need to seriously consider moving if you're paying .38 cents per KWh, regardless of if you're mining or not..
Moving isn't always that easy you know
Otherwise, I wouldn't be in my country anymore.
I salute you.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
Or they are in places where per KW/h costs more. For example, mine's around US$0.27/KWh
Around here we pay ~.38 US$/KWh
Ouch, at that rate, I don't think mining is at all worthwhile for you right?
at that rate, I don't even think it's worthwhile even using a fan or desk lamp. You need to seriously consider moving if you're paying .38 cents per KWh, regardless of if you're mining or not..
Ouch, at that rate, I don't think mining is at all worthwhile for you right?
Don't think, just calculate...
I salute you.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
Or they are in places where per KW/h costs more. For example, mine's around US$0.27/KWh
Around here we pay ~.38 US$/KWh
Ouch, at that rate, I don't think mining is at all worthwhile for you right?
I salute you.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
I never understood the folks who complained that power-consumption was the sole reason why they got out of mining. Either their math was wrong or they weren't doing it right.
Or they are in places where per KW/h costs more. For example, mine's around US$0.27/KWh
Around here we pay ~.38 US$/KWh
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