How do I calculate how much electricity it will cost in a month?

hardcore-fs

full member

Activity: 196

Merit: 100

The ONLY reliable way.

1. get a power strip adaptor, plug ALL the hardware you use to mine bitcoins (computer/modem etc), plug this into a unit to measure the consumed power (about $7USD), take the room temperature, run for 24 hours.(take room temp), take note of current difficulty....

Divide it out and plot a graph.

Repeat any number of times.......

Just taking a single reading is bollox(unless you want it really rougth), the computer & mining hardware/software power consumption have a correlation to difficulty & room temp as well as hardware used.

Marrs

member

Activity: 112

Merit: 10

Look up reviews for the card you're interested in that highlight power draw: http://www.tomshardware.com/reviews/radeon-hd-7970-ghz-edition-review-benchmark,3232-18.html

Then use a profitability calculator: http://www.bitcoinx.com/profit/

ijphlrnxewho

legendary

Activity: 1582

Merit: 1000

I'm just curious, how much are you paying a month in electricity when you mine bitcoin?

Also, what state in America are you located in?

Let's say if I buy 2 of these cards, 7970
How do I calculate how much it will cost me in electricity?

My electric rate from ComEd is $0.04 for kws

Topic: How do I calculate how much electricity it will cost in a month? (Read 1270 times)