This thread has become a haven for sigspammers and the answer was in the second post.
Here it is again:
https://en.wikipedia.org/wiki/Electricity_pricing
/locked thread
Topic: The cost of electricity in the world (Read 31147 times)
I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...
You are right those "cheap" power distributors, or any "cheap" distributors in general, most of the time have tricky plans. However sometimes you can profit from them after reading carefully what they really propose. For example why not run your miners at nighttime?
In Belgium, it would make sense to run them at nighttime only, but in that case, your ASIC investment is only generating coins during 8 hours/day and during the weekend, i'm not completely sure you'd ROI when turning miners off 16 hours/day
I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...
You are right those "cheap" power distributors, or any "cheap" distributors in general, most of the time have tricky plans. However sometimes you can profit from them after reading carefully what they really propose. For example why not run your miners at nighttime?
I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...
India has 0.07$/kWh.
Seems pretty competitive
Seems pretty competitive
How reliable is the power supply? I heard there were lots of power cuts in the summer time when it is hot.
Indeed, 0.07U$ is very good.
But this place where you got energy for 0.07$ has infrastructure to build a mining farm? Because India is a huge country (like Brazil, China and Russia), it has a lot of diversity from one local to another... I mean, I don't know too much about there, but, Mumbai and New Dehli seems a pretty good place to do mining (with good infrastructure), (I'm saying this because it's the only places I know, 'cause I worked with some people from this places). Very advanced minds.
But this place where you got energy for 0.07$ has infrastructure to build a mining farm? Because India is a huge country (like Brazil, China and Russia), it has a lot of diversity from one local to another... I mean, I don't know too much about there, but, Mumbai and New Dehli seems a pretty good place to do mining (with good infrastructure), (I'm saying this because it's the only places I know, 'cause I worked with some people from this places). Very advanced minds.
India has 0.07$/kWh.
Seems pretty competitive
Seems pretty competitive
I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate
Hell, you can brew your own beer too lol Will there be a limit on how much electricity you can use for the cheap rate? If so, there is not much benefit as bitcoin mining uses a lot of electricity.
it depend on how much big is your famr, and how much are those farms supposed to use, but if you use everything for the miners then government may suspect it
I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate
Hell, you can brew your own beer too lol Will there be a limit on how much electricity you can use for the cheap rate? If so, there is not much benefit as bitcoin mining uses a lot of electricity.
I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate
Hell, you can brew your own beer too lol I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate
Hell, you can brew your own beer too lol
I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.
Now I'm running just 10 units of s7 (4.73T x 10);
When I start mining, ROI was little hard because 30 s1's dissipates lot of energy and I did a waterpipe system to cool (because air conditioning it's not enough, you have to use water, lot of water to "freeze" the place);
I resell my miners on ebay;
I had more than 20kwh now from PV and 1.5kwh from an air-x, but I use it to other things, like air conditioning and water pumping;
If you combine water with air conditioning, your miners will run below 25°C; geography is very important here, because I got sun everyday, from 6am to 8pm; I do the maintenance, I pay just U$5 for "infinite" water, and the cost of panels are little higher now than 6 years ago.
Battery cost is not a problem if you do their cycle well and do the "freezer" room; I also had a "fidelity plan" with my dealer, so I resell all units and buy new ones.
When I start mining, ROI was little hard because 30 s1's dissipates lot of energy and I did a waterpipe system to cool (because air conditioning it's not enough, you have to use water, lot of water to "freeze" the place);
I resell my miners on ebay;
I had more than 20kwh now from PV and 1.5kwh from an air-x, but I use it to other things, like air conditioning and water pumping;
If you combine water with air conditioning, your miners will run below 25°C; geography is very important here, because I got sun everyday, from 6am to 8pm; I do the maintenance, I pay just U$5 for "infinite" water, and the cost of panels are little higher now than 6 years ago.
Battery cost is not a problem if you do their cycle well and do the "freezer" room; I also had a "fidelity plan" with my dealer, so I resell all units and buy new ones.
it's like take a loan with fixed interest; then pay the redemption very slowly with a possibility of pay lot of parcels while you're goin' to pay just one.
a) you expend U$10.000 with all items to do a stand alone photovoltaic system;
b) you expend U$10.000 with miners;
c) you will receive an average monthly payout of U$2.000 (free of maintenance costs);
you can get U$3K sometimes, even U$4k or 5; after 8, 9 months (normally) you can have a great ROI... and better, the equipment is your, the system is yours... can't be better hum?
a) you expend U$10.000 with all items to do a stand alone photovoltaic system;
b) you expend U$10.000 with miners;
c) you will receive an average monthly payout of U$2.000 (free of maintenance costs);
you can get U$3K sometimes, even U$4k or 5; after 8, 9 months (normally) you can have a great ROI... and better, the equipment is your, the system is yours... can't be better hum?
Guys,
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
What is the effective electricity price after taking into account of all the extra costs? Is that less than $10c per kWh?
Also how many miners are you running? And how many watt's does it come out to?
Normally battery costs for thousands of watts of mining gear adds up pretty quick on cost.
Guys,
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
What is the effective electricity price after taking into account of all the extra costs? Is that less than $10c per kWh?
Guys,
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.
if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.
ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house
MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!
cheers
If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.
With solar panel for mining, you need back up electricity as well, either mains or from batteries. The battery is expensive.
If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.
Doable.. but likely not the smartest thing as a miner you use lots of watts if you are a decent sized hobby miner. Home miner with less might be easier. But when you talk 10's of thousands of watts solar adds up.
The person with low electricity cost's wins in almost any comparison with solar.
Wish all farms have that. My mining area is on a family farm as it had the electricity capacity in the Midwest. I pay more then that though.
Don't have the water pumps though with midwest luckily rain does it most years. Although more and more water pump are showing up.
be happy we run 200kwh+ worth of water pumps non stop during the growing season the biggest single pump being 125hp.
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