Cheap electricity | Bitcointalksearch.org

FuckOffWillYou

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Quote from: Mumbeeptind1963 on July 25, 2016, 01:21:47 AM

You want cheap electricity come here in philippines in ilocos norte part of marcos windmill electricity there are very cheap. In that place you mine to get a big profits but its only for near there but if in other country you must search where in your places see the cheap electricity.

How much does 1 KW cost there?

Sierra8561

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Quote from: mishra1994 on September 07, 2016, 06:33:59 AM

Well as you are saying that you have cheap electricity only around 1 cent/kWh so i would say it will be a pretty good investement.
If i have access to that cheper electricity i would surely buy antminer and invest some money in mining and could generate some good amount of bitcoins.

1 cent/kwh is amazing. You would be more profitable than almost any miner.

noictib

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If you have a very home then you could generate electricity with your jokes waste water. If you are from middle class family you could buyv a solar panel. But if you can't afford to buy solar panel then better you have to do illegal that is to steal electricity. Sorry for Mr unfavorable option. If you want to generate electricity from waste water message me.

mishra1994

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Well as you are saying that you have cheap electricity only around 1 cent/kWh so i would say it will be a pretty good investement.
If i have access to that cheper electricity i would surely buy antminer and invest some money in mining and could generate some good amount of bitcoins.

kryptqnick

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I think that even if a person has cheap electricity it is still not really a good investment. Miners cost quite a lot. And they need some details fixed from time to time. Yet they are likely to break completely after half a year.
So I guess only mining farms are beneficial, not someone's few miners.
Of course, it also depends on a bitcoin price. If it rises than even buying one miner might be a good investment.

ElCuervo

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Quote from: Ortek on September 01, 2016, 06:21:22 PM

The price of the s9 is going down, i was able to buy one a few days ago for 1200 euro, which is a lot better then the 2450 euro a month ago lol
And with cheap electricity its a good investment.
Im curious to see what the new R4 will do, it costs 1395 USD at the moment but i expect it will go down pretty fast as well...i hope so.......8.6TH at 845W and being silent sounds like music to my ears Grin

will be around 1k$ soon

Ortek

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The price of the s9 is going down, i was able to buy one a few days ago for 1200 euro, which is a lot better then the 2450 euro a month ago lol
And with cheap electricity its a good investment.
Im curious to see what the new R4 will do, it costs 1395 USD at the moment but i expect it will go down pretty fast as well...i hope so.......8.6TH at 845W and being silent sounds like music to my ears Grin

laurynasc111

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Yes, It is profitable. The math: If you bought one Antminer S9 that consumes 1172 watts of power and has 11.85 TH/s, you would get around $2,766.51 per year with current price of Bitcoin 582.36$, eletricity cost is $102.67. If you bought 5 Antminer S9, you would get around $13,832.55 per year, electricity cost is $513.35. The hardware cost is around $2000 for 1 miner, for 5 miners it costs about $10000. If you bought the 5 miners you would get about $3832 the first year (first year earning - hardware cost - eletricity = profit).

Kaban113

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Hello everyone

I read this topic with huge interest

I could find access to a sizeable amout of power (from kW to MW) at 0,04EUR/kWh or less
Safe country (Belgium) safe law and contract etc

As i don t have real experience with mining I would like to partner with someone
We could share invest and profit . An experiencef miner is wrlcome i would bring legit long term access to power

Do you see a potential interest ? I m ok to start small and get bigger

xIIImaL

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Quote from: kanazawa on August 30, 2016, 08:06:39 PM

Hey, you are in a unique place, I mean, I'm working with lots of mining projects and the hardest part you already have...

first of all... set up everything somewhere you got good ventilation... with this kind of cost, you might forget about cooling junk stuff (like air conditioner)...

run a month and you will see good results... just let me ask you.. where do you live? I mean, how do you got this 1kw/h ?

Hey he have everything in op itself and as he mentioned The electricity which is getting very very cheap and s9 antminer which is old miner but however he can some decent profit from this one.

kanazawa

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Hey, you are in a unique place, I mean, I'm working with lots of mining projects and the hardest part you already have...

first of all... set up everything somewhere you got good ventilation... with this kind of cost, you might forget about cooling junk stuff (like air conditioner)...

run a month and you will see good results... just let me ask you.. where do you live? I mean, how do you got this 1kw/h ?

reb0rn21

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There might be a few places with cheap energy as some parts of USA as texas, china and russia on places where there is no big towns and you are near power plant so can get a good deal, or use a private water generators

But what ppl can not talk in public is that many big miners steal electric power, that is how they can ROI with asic and GPU, they just don`t care at all about power usage

bitcoin-shark

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Quote from: bitcoinisfurture on July 09, 2016, 12:27:54 PM

There is no cheap electricity available and if yes why are you getting cheap let us know? If somebody say for cheap chances are that its a scam.

yes tell us where you get cheap electricity please

dhampir-D

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Try to include in your calculations the possible increase of the difficulty of mining.
It is important to do this now to avoid disappointment in the future.

ecommerce

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In some countries there is free or nearly free electricity. So mining and using electricity in those countries is fine.

czytjkp11

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Now the difficulty is too high, only cheap power have profit!

ja23

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Electricity in NYC is so expensive when I calculate how much something uses up, I just round it to .33 per Kwh.

ecommerce

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Quote from: Betwrong on August 17, 2016, 05:14:23 AM

Quote from: ecommerce on August 15, 2016, 07:37:25 AM

Quote from: Betwrong on August 15, 2016, 03:48:07 AM

Quote from: ecommerce on August 14, 2016, 10:20:24 AM

Quote from: QuintLeo on August 13, 2016, 04:38:57 PM

Quote from: ecommerce on August 13, 2016, 01:04:43 PM

Quote from: socks435 on August 13, 2016, 12:54:02 PM

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

Is there any sensitivity table or sensitivity chart that shows in what level of electricity price and with antminer s9 or other miners,mining is profitable or how much we can make?

No, and such a chart would become outdated VERY quickly at best, and to be of any use AT ALL it would have to make ASSUMPTIONS about difficulty increase and future Bitcoin price that would certainly turn out to be incorrect in the long run.

BTW - if your electric is cheap enough, an S7 IS in fact still profitable - but for how LONG is a very good question.

If your electric is free, ANY miner is still profitable (though GPU or CPU based mining is not going to achieve any noticeable amount of income and will never ROI on any SHA256 based coin even with free electric).

The guy has electricity with price 1cent\kwh, can you or anyone explains who much electricity is it? For example a laptop which is one hour working and the only task we do is browsing net, how much is its electricity consumption?

Most laptop computers use below 100w even in peak times.

To calculate your costs use this formula:

(Watts x Hours Used x Cost per kilowatt-hour) / 1000 = Total Cost

Depending on the electricity price in your country it will be from $0.002 to $0.04

Well that is nice response, so 1kw\h for one cent is a very cheap price. For example for ANTMINER S9, I found this:
https://www.bitmaintech.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654
Which shows a 1375 watt consumption. It has low price consumption although it is expensive with 2400$ price.

It's pretty expensive for me too so I'm not going to buy it any time soon, but I wish I have the opportunity buy one because it looks like with the price of Bitcoin going up it will be profitable to mine.

Yes it will go up, it strongly depends on the electricity price on your country that shows how profitable it is.

Betwrong

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Quote from: ecommerce on August 15, 2016, 07:37:25 AM

Quote from: Betwrong on August 15, 2016, 03:48:07 AM

Quote from: ecommerce on August 14, 2016, 10:20:24 AM

Quote from: QuintLeo on August 13, 2016, 04:38:57 PM

Quote from: ecommerce on August 13, 2016, 01:04:43 PM

Quote from: socks435 on August 13, 2016, 12:54:02 PM

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

Is there any sensitivity table or sensitivity chart that shows in what level of electricity price and with antminer s9 or other miners,mining is profitable or how much we can make?

No, and such a chart would become outdated VERY quickly at best, and to be of any use AT ALL it would have to make ASSUMPTIONS about difficulty increase and future Bitcoin price that would certainly turn out to be incorrect in the long run.

BTW - if your electric is cheap enough, an S7 IS in fact still profitable - but for how LONG is a very good question.

If your electric is free, ANY miner is still profitable (though GPU or CPU based mining is not going to achieve any noticeable amount of income and will never ROI on any SHA256 based coin even with free electric).

The guy has electricity with price 1cent\kwh, can you or anyone explains who much electricity is it? For example a laptop which is one hour working and the only task we do is browsing net, how much is its electricity consumption?

Most laptop computers use below 100w even in peak times.

To calculate your costs use this formula:

(Watts x Hours Used x Cost per kilowatt-hour) / 1000 = Total Cost

Depending on the electricity price in your country it will be from $0.002 to $0.04

Well that is nice response, so 1kw\h for one cent is a very cheap price. For example for ANTMINER S9, I found this:
https://www.bitmaintech.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654
Which shows a 1375 watt consumption. It has low price consumption although it is expensive with 2400$ price.

It's pretty expensive for me too so I'm not going to buy it any time soon, but I wish I have the opportunity buy one because it looks like with the price of Bitcoin going up it will be profitable to mine.

ecommerce

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Quote from: tesco on August 15, 2016, 05:21:54 PM

Quote from: kellendil on July 03, 2016, 12:33:12 PM

hi,
i have access to cheap electricity around 1 cent/kWh.
if i buy 5 s9 antminer do you think its a good investment ? What would you say ?

what price for s9 now bro ?

As you can see simply in my previous post, it is 2400$ for antminer S9. You can see specifications here:
https://www.bitmaintech.com/productDetail.htm?pid=0002016052907243375530DcJIoK0654
But you can search for other versions. For example I found another one 2100$ here:
https://www.cryptocompare.com/mining/bitmain/antminer-s9-miner/

These can provide a range about the price.

Topic: Cheap electricity (Read 8097 times)