Electricity Cost | Bitcointalksearch.org

Sniar

sr. member

Activity: 560

Merit: 250

Quote from: Ninietz on July 11, 2014, 12:26:10 PM

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

For those big miner now ussually they use free electric power you can get it depends on which country you at and more research you will see .

ALToids

hero member

Activity: 519

Merit: 500

Quote from: Dalkore on July 16, 2014, 02:04:33 PM

0.023-0.027 in Washington State.

-D

Dalkore, roughly how much hashing power are you supporting with your co-loc service currently?

Dalkore

legendary

Activity: 1330

Merit: 1026

Mining since 2010 & Hosting since 2012

0.023-0.027 in Washington State.

-D

FlyForFun

sr. member

Activity: 243

Merit: 250

Solar is the best at reducing electricity cost right now.

philipma1957

legendary

Activity: 4256

Merit: 8551

'The right to privacy matters'

Quote from: Ninietz on July 13, 2014, 04:25:49 AM

Quote from: R4v37 on July 13, 2014, 02:34:05 AM

just...steal the electricity
if u want to split it...

try this one

from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

Really come on ?
With how Watts do you think you can get away ?
before getting caught...

Well please enlighten me, this is entirely new to me...

power theft is about a lack of greed. much depends on your own individual setups.

any real heavy duty theft gets caught. but an s-1 here or there under volted under clock may not be found.

Same idea with an s-3.

366 watts 24/7/365 is 3210 kwatts a year at 10 cents that is 321 usd at 15 cents 480 usd.

many of us can slip this past people. some of us do.

Myself no, but lets face it 1 s-3 you may be able to do.

many people work in an office running an s-3 in a skyscraper that has 150 cubicles along with 20 private

offices you can be sure people are doing that.

Ninietz

member

Activity: 106

Merit: 10

Quote from: R4v37 on July 13, 2014, 02:34:05 AM

just...steal the electricity
if u want to split it...

try this one

from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

Really come on ?
With how Watts do you think you can get away ?
before getting caught...

Well please enlighten me, this is entirely new to me...

R4v37

sr. member

Activity: 266

Merit: 250

just...steal the electricity
if u want to split it...

try this one

from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

Kimowa

sr. member

Activity: 448

Merit: 250

Quote from: Ninietz on July 11, 2014, 12:26:10 PM

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

First go check your electricity bill, if the price is below $0.1/kwh then its good, if it is above 0.2/kwh you can stop all your mining mediately and sell it.

Bitsaurus

hero member

Activity: 873

Merit: 1007

Quote from: Ninietz on July 11, 2014, 12:26:10 PM

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

If you want to know what the costs are around the world, please reference this thread:
https://bitcointalksearch.org/topic/--507157

As noted above Generation, Distribution and Transmission prices are placed on each KWh. Easiest way to see your rate is take your total bill and divide it by the total number of KWh. Some people are tiered so they pay more the more they use, for those people mining is not really an option. A few lucky people pay less if they use more.

Ninietz

member

Activity: 106

Merit: 10

Quote from: gamersglory on July 11, 2014, 03:42:00 PM

Quote from: Ninietz on July 11, 2014, 03:17:29 PM

Quote from: gamersglory on July 11, 2014, 03:11:36 PM

I just know I can get it for 5.5 cents a KWH Grin

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

North Carolina, US
5.5 US cents per Kilowatt hour. with the data center i have a deal with.
Transmission fees are in the rent but not bad with the 850kw load i'm pulling.

Lucky you,
I try to find a similar situation here in old Europe...
And for the moment I'm not so lucky, it is quite more expensive here for some reason

gamersglory

member

Activity: 114

Merit: 10

No more Crypto in this world

Quote from: Ninietz on July 11, 2014, 03:17:29 PM

Quote from: gamersglory on July 11, 2014, 03:11:36 PM

I just know I can get it for 5.5 cents a KWH Grin

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

North Carolina, US
5.5 US cents per Kilowatt hour. with the data center i have a deal with.
Transmission fees are in the rent but not bad with the 850kw load i'm pulling.

spazzdla

legendary

Activity: 1722

Merit: 1000

The transaction fee can be ignored IMO. Set your pay out so the fee is .01%

Ninietz

member

Activity: 106

Merit: 10

Quote from: gamersglory on July 11, 2014, 03:11:36 PM

I just know I can get it for 5.5 cents a KWH Grin

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

gamersglory

member

Activity: 114

Merit: 10

No more Crypto in this world

I just know I can get it for 5.5 cents a KWH Grin

cp1

hero member

Activity: 616

Merit: 500

Stop using branwallets

Are you asking what all the fees are in your electricity bill? You can find the rate schedule from your utility company and it will give you a breakdown. For example on my bill:

Generation 50%
Distribution 10%
Transmission 10%
In the states we also pay money to store nuclear waste even though we don't use it.
Other public service stuff
etc

beatljuice

full member

Activity: 196

Merit: 100

Quote from: Josepht on July 11, 2014, 12:28:07 PM

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

I don't agree. There are a lot of little extra charges and taxes on my bill. Plus even if those charges don't fluctuate with how much you use, they still have to be paid.

Here is what I do. These are actual numbers from my last bill.

106.57 US dollars for the month

divided by 913 kWh

equals 0.116725 US dollars per kWh

Ninietz

member

Activity: 106

Merit: 10

Quote from: Josepht on July 11, 2014, 12:28:07 PM

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

Hi J,

This is not the way I understood it;

I understood that the electricity cost is the cost of the electricity that you use...
+
the network fee is the fee you have to pay to get the electricity to your home/business from the actual electricity producer
+
And I also understood there was a third cost added to that ? but what ?

Josepht

hero member

Activity: 1008

Merit: 515

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

Ninietz

member

Activity: 106

Merit: 10

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

Topic: Electricity Cost (Read 1869 times)