Cheap electricity for mining Bitcoin

bitgolden

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Stac on December 04, 2017, 03:45:07 AM

Solar panels are the most cheapest electricity for mining bitcoins there will be installation charges in the beginning for solar panels but later it will help to earn more profits, solar panels helps to mitigate electrical charges by using natural energy for electrical energy which is helpful in mining bitcoins and other crypto currencies. Solar energy helps to reserve more electrical energy which can be used for mining bitcoins using many machines and rest of the energy can be sold out which can help to earn profits.

They are not cheap. Even if you are trying to go the small scale level, you will still have to spend some quite amount of cash to set it up.

Except if you really have some bucks to invest for the long run and can have some money to set up a good miner which can generate something good for you and then get you up and running with the increasing value of bitcoin in the long run, then there is no way you won't get frustrated at the end.

upsidedown75

legendary

Activity: 1288

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Quote from: Kalm on December 04, 2017, 01:45:36 AM

Quote from: Aya1 on December 04, 2017, 12:27:16 AM

Why do you think that cheap electricity for bitcoin mining, maybe your intention is easy in payment with bitcoin, not cheap for mining

If use mining it needs to more power so it will use to care. Solar panel is useful to power save and electricity bill save. You will use power to mining process. Mining is counite the network process.

For some of you guys who think solar will help out in getting cheap electricity, have you considered the cost of setting up a solar that would effectively get your miners running 247, which I doubt as well as the cost of maintenance once in a while of the solar panels ?

I guess not! These things do not come cheap and from the last time I checked, they are so expensive that getting back your ROI may take longer than you can even ever imagine. It is best you get it cheap in your country or just find something else to do than mining.

gartheugenio

newbie

Activity: 14

Merit: 10

You can find cheaper power supply when contacting local authorities. Each country has a different power consumption policy and you need to study this to make the right decision. Using cheap power supplies helps you maximize profit with bitcoin.

bizalaz

member

Activity: 294

Merit: 11

Cheaper electricity can be at the expense of solar panels, it's a pity, but they have a lot to do, this way is not initially profitable.

rxtwo

full member

Activity: 224

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Down side - part of that area is near-desert and kinda warm in the summer, but dry so evap cooling should work REAL well.

rose8963

member

Activity: 336

Merit: 10

Electricity accounts for a fraction of the bitcoin miners' income. You can contact the competent authorities to negotiate the most appropriate electricity price. Electricity accounts for about 10% of the bitcoin miner's income. good luck.

bizalaz

member

Activity: 294

Merit: 11

Electricity is expensive and therefore we need to look for an alternative to using it in extraction machines to get more profit.

family934

member

Activity: 70

Merit: 10

The cheap electricity for the bitcoin is the electricity from the coal in our country. Our country have more mines of the coals and have a large production of coals from those mines. So the electricity from the coal in my country is very cheap then other sources electricity.

Stac

full member

Activity: 419

Merit: 100

Solar panels are the most cheapest electricity for mining bitcoins there will be installation charges in the beginning for solar panels but later it will help to earn more profits, solar panels helps to mitigate electrical charges by using natural energy for electrical energy which is helpful in mining bitcoins and other crypto currencies. Solar energy helps to reserve more electrical energy which can be used for mining bitcoins using many machines and rest of the energy can be sold out which can help to earn profits.

Kalm

full member

Activity: 269

Merit: 100

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Quote from: Aya1 on December 04, 2017, 12:27:16 AM

Why do you think that cheap electricity for bitcoin mining, maybe your intention is easy in payment with bitcoin, not cheap for mining

If use mining it needs to more power so it will use to care. Solar panel is useful to power save and electricity bill save. You will use power to mining process. Mining is counite the network process.

Aya1

member

Activity: 81

Merit: 10

Why do you think that cheap electricity for bitcoin mining, maybe your intention is easy in payment with bitcoin, not cheap for mining

Serg_777

jr. member

Activity: 54

Merit: 2

DAICO

Hi.
A little bit about Russia.
Here I engaged in the production of bitcoins. Moscow. The Climate Is Cold . 9 months of the year in cold. 6 months of the year is very cold.

In EURO
The actual price of electricity in Russia in the European part the price is 4 rubles per 1 kilowatt or 0,057 Euro cents, if the production via gas-piston plant for producing electricity out of gas with the cost of 1.5 rubles per kilowatt or 0,018 Euro cents for 1 kilowatt.
In Dollars
From electric plant 1 kilowatt 0,067 USD cents, if the production via gas-piston plant for producing electricity out of gas with the cost 0,021 USD cents for 1 kilowatt.
You have questions write and ask.

bizalaz

member

Activity: 294

Merit: 11

Oh. This is a fairly large charge for electricity. She is a barrier to bigger earnings. You need to look for an alternative

bocyaj

sr. member

Activity: 1313

Merit: 302

Quote from: ?? on ??

ur fee is so high and electricity is much more

Many know this fact,solar panels is best for the cheap electricity.If you want get more profit from the Mining,you need to use of Solar panel sure.For solar panels,you need to inverse only once later all Electricity is free.

IOMining

newbie

Activity: 1

Merit: 0

I hope this will help a few of you mining gurus looking for a great offer and awesome returns.

L3+ $64 per month plus $50 setup for 5+ miners
S9 $112 per month plus $50 setup for 5+ miners
Avalon741 $92 per month plus $50 setup for 5+ miner

If you guys need any help or advice on import duties, shipping or colocation prices for other miners plse let me know, be happy to help.

LucasHarris

newbie

Activity: 1

Merit: 0

why not just set your own miners?

ronealdenila

copper member

Activity: 191

Merit: 1

Telegram Username: @Webn_BountyManager

Thanks for this mining site offer. Gonna try it and i hope you can help more of bitcoin user!

AllesandroStrinj

newbie

Activity: 3

Merit: 0

Irkutsk / Russian Federation - (for company to) decrease price to 0.015 usd kw/h

Snub

hero member

Activity: 812

Merit: 500

Quote from: xenog on February 25, 2014, 12:44:30 PM

Would you put your miners in Venezuela if I were to offer such a service?

That is an interesting idea, but I don't really want to give my miners to a place with such political situation.

hacker1001101001

sr. member

Activity: 1288

Merit: 415

Yes, I think you have a nice idea and one can earn good amount of profit for it. I would advice you to put a solar power plant there as there is not a constant supply of electricity and this could make the work more easy and energy efficient. Electricity cost is too low in venezuela and one can earn a good profit from mining there. Looking forward to invest in this as i was planning to start a mining in place where electricity is cheap. But please try to insure the security of miners as they cost high as there are frequent strikes and stone pleating things there and this could effect the earning.

Topic: Cheap electricity for mining Bitcoin (Read 31997 times)