Cheap electricity for mining Bitcoin - page 3.

BivanF

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Activity: 291

Merit: 10

Quote from: kikay15 on November 19, 2017, 01:53:59 AM

Quote from: mgburks77 on February 25, 2014, 02:40:46 PM

why not just set your own miners?

we need cheap electricity, or we need solar panel for using mining for bitcoin. for the future.

i do not think that mining bitcoin will give profits in the long term for smaller miningfarms, the big company's are developing realy hard and energiecost will be their biggest development

kikay15

member

Activity: 127

Merit: 10

Global Risk Exchange - gref.io

Quote from: mgburks77 on February 25, 2014, 02:40:46 PM

why not just set your own miners?

we need cheap electricity, or we need solar panel for using mining for bitcoin. for the future.

bobbiboy

member

Activity: 84

Merit: 11

at what stage is the project? unfortunately did not find the white paper. no details.

toogoodtobetrue

member

Activity: 179

Merit: 10

I think it is not more effective than buying BTC and hodl.

spartan82

hero member

Activity: 658

Merit: 500

Bitcoin mining is expancive and more power. So you will use to careful you will know the mining process.Then you will use it. But you know the mining software for work to use and gather more information. It will give you more opportunity for the future growth. It easy to so it needs to cooling place to work to process.

bizalaz

member

Activity: 294

Merit: 11

Oh, that's a very good idea! An interesting offer is to get cheap electricity. I love something new, so of course I would do it because it's a pretty good way to save money. In my country, electricity is quite expensive Undecided

tmawheba

member

Activity: 154

Merit: 10

I would like to go for solar energy which is the one time investment and the maintenance cost is very low which will meet out required rate of electricity.

This can help in getting cheap electricity for mining Bitcoin.

trako

hero member

Activity: 756

Merit: 505

I like to try. I also like to support some projects. if there is such a project related to mining I can support it. it is not something that will not happen when the necessary conditions are met. but the profits you make should not consist solely of numerical data. Sometimes it seems to be cheaper that it can cost you more. why do not you use natural energy sources in energy.

bitcoinbitumen

newbie

Activity: 3

Merit: 0

Quote from: mister-rebz on November 15, 2017, 09:24:48 AM

Talked to one Chinese guy. He told me they had a very cheap electricity... Where to find cheap one in Europe Huh

what is your country price? And where you from?

mister-rebz

newbie

Activity: 1

Merit: 0

Talked to one Chinese guy. He told me they had a very cheap electricity... Where to find cheap one in Europe Huh

delbarbour

newbie

Activity: 72

Merit: 0

my personal opinion that high electricity consuming mining will be soon out, only POS mining or potential different protocols will survive

gatti

full member

Activity: 382

Merit: 109

Quote from: katarin2030 on November 15, 2017, 05:26:33 AM

Quote from: Kaligulax on February 25, 2014, 02:57:52 PM

If you have your wind power (wind turbine) can solve all problems with electrical power. hmmm... that is not bad idea...

i must make my own wind turbin....

Anyway electricity is not cheap, way of reducing the cost of electricity is, as you said by using wind turbine is one of the best way, similarly can use solar that reduces the cost of electricity.

Some of my friends said me that ,for Electricity solar panel is best and turbine is also good.Better try with Solar panels and if you have high capital means,you can go with Wind turbine. If you try solar is best.

katarin2030

full member

Activity: 406

Merit: 100

Quote from: Kaligulax on February 25, 2014, 02:57:52 PM

If you have your wind power (wind turbine) can solve all problems with electrical power. hmmm... that is not bad idea...

i must make my own wind turbin....

Anyway electricity is not cheap, way of reducing the cost of electricity is, as you said by using wind turbine is one of the best way, similarly can use solar that reduces the cost of electricity.

akmittal

full member

Activity: 252

Merit: 102

After study your proposal for mining in Venezuela due to cheap electricity. I am interested in your project. If you can think about India I can help you in all respect. In India we can use solar power, other aspects are batter than Venezuela.

alexsando

member

Activity: 80

Merit: 10

Currently there are many large bitcoin farms in China because of the good source of electricity. You can consider investing in bitcoin in China. Or you can also go to Southeast Asian countries, which are cheap power areas.

spartan82

hero member

Activity: 658

Merit: 500

If use bitcoin mining it will need to more power for the using purposes. You need check the mining running process. then you will use for it. Mining it important is software. Mining process is so easy but you will learn the mining process information for the handling the mining process.
It will improve your future and gather for the business investing.

Mikwik

member

Activity: 518

Merit: 10

Cheap electricity or good electricity - is it quality of electricity??? Shocked

Well!

We can reduce the cost of electricity by choosing the mode of electricity we wish to use.
If you choose solar or wind energy we can reduce the cost, however we can't see that is even a free electricity or cheap (in your view)
The main deal is that you are investing even for solar panels initially to set it.
We invest the wind fans set up even for wind energy.
By investing this capital we may reduce the cost of electricity however, quality will be same (in your view)

We can just even sell the excess electricity we had to government.
You can mine bitcoin with any type of electricity, quality will be same.
For mining bitcoin we just need electricity, planning to proceed with a bulk investment at the beginning for solar or wind energy it's all our choice to choose.

suzanne5223

hero member

Activity: 2660

Merit: 651

Want top-notch marketing for your project, Hire me

Quote from: ?? on ??

You can always do off grid electricity work like solar panels, or you can use public spaces maybe for bitcoin mining (lol)

Rent an apartment with free electricity, or get a hotel room and break even mining!

You're right about getting a solar panels but getting a hotel room is off the limit and it may leads to misconception or been jail. Don't you know how the cops chase miners in Venezuela?

shezu007

full member

Activity: 336

Merit: 121

Quote from: ?? on ??

I found a beachfront condo and electric is included in the minimal HOA fee... I have miners plugged in everywhere. 0.0/kwh Grin

Normally the rate of electricity is high for mining because mining machine consume much more electricity so if you want to free electricity then i will suggest you that the best option is to install quality solar system. Yes initially installation it will consume money but after that you can get free electricity without any tension but you should keep proper maintenance of their solar panel and other systems so that the life of your system is increased.

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: rizwanalijcb on November 12, 2017, 08:22:31 AM

For mining bitcoin cost of electricity is 0.10$ per kwh is best

10 cent per watt electric is VERY MARGINAL at best for mining Bitcoin.
You want to get a LOT lower than that if you want to be profitable for the long term - definitely 5 or less, and optimally 3 or less.

Topic: Cheap electricity for mining Bitcoin - page 3. (Read 31997 times)