Topic: Cheapest Electric Rates Anywhere... .5 BTC BOUNTY - page 2. (Read 2714 times)

100 kilowatts? Did I read correctly? It is like electric train accelerating.

Steal it

Need any info/help around the Solvay area feel free to ask, even without the .5 BTC it'd be interesting to glance around your server farm and see what you've got set up.

There's enough big buildings/factories in the Solvay area to figure that your MW demand shouldn't disturb anything. If you ask them of any buildings around here that are vacant but have enough wires dropped to satisfy your demands they might be able to help, off the top of my head I can't think of anything that's for sale besides some random houses/apartments that are around. Unless you buy a house and hire an electrician to drop in some more wire they won't be much help though haha.

Here in Quebec it's 0.03 cent per KWH

Thanks, I'm looking into Solvay due to your suggestion and will be getting in touch with the electric department by the end of the day. A problem I'm looking at though is the raw power consumption... I will need a facility that can provide far more than your average circuit... that's why I'm looking into data centers. If I could somehow work out an arrangement with the power company that would be amazing but I know not much of these types of proceedings.

Good for you!  The market is demanding more Scrypt power than the available supply.

Also take the climate and politics into account.  You want to be somewhere cold as hell, but with good internet and stable government.

Take a look at Quebec and BC.  Their gold mines get cheap power, plus it's freezing most of the time.

http://en.wikipedia.org/wiki/Electricity_sector_in_Canada

The socialists in Quebec might even give you a grant to bring some jobs (LOL  ).

And you could charge for the heat you generate, or donate it to a school/orphanage/old folks' home.   

I live in Syracuse NY, electric prices through Solvay electric (Solvay is a town/suburb of Syracuse) are 3 cents per kwh (link for proof: http://www.nypa.gov/partners/solvay.htm bottom of page).

National grid/nimo sucks, they are 3x/4x as expensive.

Cheap electricity and the sudden rise in bitcoin prices (sure they might go down...but they'll go back up assuredly) are why I'm here.

Good luck finding a place!

+1  Uni residences, heating all day to the point you need to open the windows in winter and all the mining you want (which makes more heat more windows open)

I'm starting to become pretty set that I'm going to open shop in a data center as they have the security, electricity needs, and housing for what I need. I've been looking into Fortune Data Centers.

I'm thinking Ocean Falls BC.

They have an underused hydroelectric plant run by a small company looking for commercial users of the power. The town is mostly empty buildings that could be had for next to nothing.

It's isolated, but the internet connects us all and who wouldn't want to live in such a (wet) paradise.

I'm currently buying bitcoin with LR for less than gox price - no fees!

fully automatic exchange:
https://www.nanaimogold.com/bitcoin.php

Mantis, my contact advised a few things. Try and find a Datacenter located in the south on Norway, like Oslo, electricity prices are a bit cheaper there. Many of the Datacenters really don't care how much electricity you use, some are bold enough to say free and/or include a lot. They charge more by their extra's like bandwidth, backup's and space it takes up.
Optimise for space, fit as many GPU's into a server sized rack unit as you can. Trust me, they aren't going to over heat.

Think the equivalent price in Norway for electricity would be 2.5 - 3 cents/kWh. So it's cheap and cold there. But being a Datacenter you mostly paying for the space and having it looked after.

Not many places have prices online, so shopping around takes a while (ie. sending emails for quotes).
Serve the world (in Oslo, Norway) does have their prices online. So they likely not be the cheapest.
http://servetheworld.net/produkter/co-location-server-rack

A full rack, which can handle in the region of 3000+ Watts. (enough space for ~10 servers - full of GPU's)
That would be $2000-3000 a month if I understand the table right.

However there is a lot of things included you just don't need. I know extra feeds and power is pretty cheap so if all you need is a basic setup inside, you could tell them that and they might consider reducing the price a lot.

He says there is a lot of Datacenters in Oslo, so if you want good price for a cabinet or full rack, and all you need is a basic connection and cheap electricity, your best bet is to send them an email for a quote.

Goodluck, if I had a larger client base in Europe, as a server admin, I'd so use them. A lot cheaper than anything else I'd have to consider.

Argentineans (including the president) love dollars and pesos are worth $0.
I'm not sure how much love the president will have for bitcoins if Argentineans find a way to buy bitcoins or mine them to get dollars in the black market (yes, not the blue market) meaning mining them and exchange them for dollars overseas and getting them into the country, or buying bitcoins with pesos (highly unlikely overseas) but anyways this is not a conversation about the economy there.

I think our president support bitcoin, she hates banks.  It's sad to see the bad publicity the countries under protectionism economies countries have on the world. 

Anyway, you you are right, the hardware here is very very expensive.

I've already done all that and my last big hurdle is the electricity. With my planned minimum setup, I will be pulling a very liberal 1000 kwh/day.

 You need to determine the wattage you'll need, the kWh consumption, the cooling requirements (natural/artificial and winter/summer) the amount of phases you'll need (no idea about amperage and how much each phase supports).
Also, difficulty increase overtime, forecasting in the BTC value (those last two factors are an unknown) and ultimately, ROI and profit.

My minimum setup is 30 rigs of 4x7950 each. As the marginal cost for each additional rig is $0 (just a linear increase of electricity), I hope to have many, many more. I'll probably create a thread about my plan after I vet it out with some business dudes in the next week or so and get rid of my noob-status.

It would be a logistics nightmare plus not to mentions you'll have to export the technology to Venezuela because I'm sure GPUs are way more expensive there... to start...how many GPUs / GHash are we talking about here?

I'm getting investors in on this. I have a hard enough time relating the concept to them, and taking their capital to Venezuela would call for an incredibly sly pitch on my part. And keep in mind most Americans don't like Venezuela (save, of course, when they pull into a Valero to fill up). But it is definitely interesting and I'd like to see the math on that. I'm not sure how fast an industrial generator would go through 1 gallon of gas.

Set it up in Venezuela. Electricity isn't necessarily cheap, but gas is almost nothing. You'd need a pretty large generator, but I think I paid $0.25 USD for a 10 gallon tank of gas in 2010, and it's cheaper now than it was then.

Interesting. I've started reaching out to data centers but I'm not sure how I'm going to explain what I'm doing... protein folding  ? But I will be very up front with the amount of electricity I am going to consume. I haven't got any numbers from them yet but it i definitely an avenue I am interested in exploring as they will be able to house and provide electricity for my farm, provided they are willing to do so and the $/kwh works out. One center I'm looking at also has 'white space' available, which is empty floor space where I set up the farm myself without their racks.