Mining at night only ? | Bitcointalksearch.org

Beta-coiner1

hero member

Activity: 532

Merit: 500

Quote from: Stephen Gornick on August 19, 2011, 03:27:27 PM

In the U.S. and Canada, generally only large commercial and industrial entities have time-of-use rates.

Because hardware costs remain the most significant cost of mining yet, even if a time-of-use rates were accessible, mining is still (at current levels) profitable during peak pricing (in most areas) so it wouldn't make economic sense to shut down during those times.

This was described here as well:
- http://www.bitcoinminer.com/post/2858427974

Thanks for the explanation,24 hours it is.

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

In the U.S. and Canada, generally only large commercial and industrial entities have time-of-use rates.

Because hardware costs remain the most significant cost of mining yet, even if a time-of-use rates were accessible, mining is still (at current levels) profitable during peak pricing (in most areas) so it wouldn't make economic sense to shut down during those times.

This was described here as well:
- http://www.bitcoinminer.com/post/2858427974

naypalm

legendary

Activity: 1272

Merit: 1012

howdy

Ours it doesn't matter. If we go over 600kWh (which we always do) our rate will double.

mike678

full member

Activity: 182

Merit: 100

Depends on where you live and what your plan is. It can be cheaper but you will get a significantly lower amount of bitcoins. If you pay less then 10 cents a kwh no matter what time of day it is your better off mining 24/7. If you pay upwards of 20 cents a kwh it might be wise to only use it on the off peak hours.

In short it honestly depends on your situation.

Beta-coiner1

hero member

Activity: 532

Merit: 500

I was wondering if anyone has ever kept a close eye on their electric rates here in the US for both day and night separately over a period of time..Is mining at night more profitable due to "off-peak" electric rates if they exist ?

Might be something else to consider than just downclocking videocard memory.

Topic: Mining at night only ? (Read 1117 times)