Electricity cost where you live/mine? - page 4.

mt1432

newbie

Activity: 5

Merit: 0

Quote from: Als Pawnshop on September 19, 2011, 05:09:51 AM

I could pay a $2000 one time fee to hook up a 400-AMPS x 240 Volts usable 24/7.

How much could I make by mining per month? Would it be worth my trouble?? How much do I need to invest in air conditioning?

If the price if Bitcoin stays steady you will go into debt. I think many of the miners running now recouped their investment when the price was higher but are likely bleeding dollars for BTC to cover power. AC will depend on your climate. If you are in a cool climate and can circulate outside air you do not need much cooling. In warmer climates such as AZ a single rig with two cards can cost up to $50/mo just running the AC. You could do better with more efficient AC, but this is what I calculated mine to be.
Looking to make money on mining this late in the game is foolish. You are much better off buying coins on the market.

Als Pawnshop

vip

Activity: 103

Merit: 10

I could pay a $2000 one time fee to hook up a 400-AMPS x 240 Volts usable 24/7.

How much could I make by mining per month? Would it be worth my trouble?? How much do I need to invest in air conditioning?

Dargo

legendary

Activity: 1820

Merit: 1000

Quote from: omarabid on September 18, 2011, 04:24:57 PM

Quote from: CBuffer on September 18, 2011, 01:43:08 PM

Quote from: payb.tc on September 18, 2011, 02:23:23 AM

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?
no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I think it's the time for those who benefit from low cost power, and low cost of living to benefit from BC mining now.

As the process becomes unprofitable for those who lives in higher cost cities, the competition will slow down. You'll not make loads of money, but a $100/$150 each month is good in many parts of the undeveloped world

In some parts of the world, a person could live on that much. But then buying the rig would take a year's worth of wages, so the initial investment would be very high.

omarabid

full member

Activity: 133

Merit: 100

Quote from: CBuffer on September 18, 2011, 01:43:08 PM

Quote from: payb.tc on September 18, 2011, 02:23:23 AM

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?
no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I think it's the time for those who benefit from low cost power, and low cost of living to benefit from BC mining now.

As the process becomes unprofitable for those who lives in higher cost cities, the competition will slow down. You'll not make loads of money, but a $100/$150 each month is good in many parts of the undeveloped world

CBuffer

newbie

Activity: 9

Merit: 0

Quote from: payb.tc on September 18, 2011, 02:23:23 AM

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?
no offence intended, never been there.

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

omarabid

full member

Activity: 133

Merit: 100

It's around $0.1 here in Tunisia. I don't found it reasonable considering that US Per Capita is ten times higher than here. The stability is good in the latest years (5-7 short down times in the last year may be).

calmindifference

member

Activity: 91

Merit: 10

GBP 0.14784 per kWh inc VAT
= 0.2334 USD

there's a reason its known as rip off britain

Sekioh

full member

Activity: 181

Merit: 100

0.11$ USA, Florida

SuperTramp

legendary

Activity: 1073

Merit: 1000

Currently paying 0.081/KWH. North East US.

-ST

payb.tc

hero member

Activity: 812

Merit: 1000

Quote from: CBuffer on September 18, 2011, 01:50:31 AM

I pay $0.065 US per kwh here in Bangladesh

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?

no offence intended, never been there.

vapourminer

legendary

Activity: 4354

Merit: 3614

what is this "brake pedal" you speak of?

0.13 USD here in the north east USA.

payb.tc

hero member

Activity: 812

Merit: 1000

where i live you can get it for 0.09 AUD for about 9 hours per day (10pm to 7am) which is an off-peak price.

during the other 15 hours of the day it's 0.22 AUD.

CBuffer

newbie

Activity: 9

Merit: 0

I pay $0.065 US per kwh here in Bangladesh, which I believe is pretty cheap compared with other countries. How much are other people paying?

I know electricity is far more expensive in the Philippines, for example, you can pay $0.274 per kwh in Manila.

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