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Topic: The cost of electricity in the world - page 2. (Read 31151 times)

legendary
Activity: 2492
Merit: 1018
January 13, 2016, 11:41:59 PM

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.
legendary
Activity: 1456
Merit: 1000
January 13, 2016, 10:52:41 PM
thanks guys yeah i have the second cheapest power in utah , the first cheapest place is 1.9-3c kwh
one of the reasons i have such cheap power is because my facility is located on an agricultural farm so they get a discounted rate because of the amnount of power required to run the water pumps on the farm

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 Cool

yes it is im originally from new jersey and utah is a much cheaper place to live by alot

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.   
sr. member
Activity: 469
Merit: 500
January 13, 2016, 11:49:26 AM
thanks guys yeah i have the second cheapest power in utah , the first cheapest place is 1.9-3c kwh
one of the reasons i have such cheap power is because my facility is located on an agricultural farm so they get a discounted rate because of the amnount of power required to run the water pumps on the farm

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 Cool

yes it is im originally from new jersey and utah is a much cheaper place to live by alot
hero member
Activity: 756
Merit: 500
January 13, 2016, 08:25:04 AM
Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 Cool
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
January 13, 2016, 06:51:51 AM
utah , usa 4c kw , and should be getting my rate lowered this summer to  2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

I think you mean 2.5c - 3c kwh and that's a very good rate, you are lucky. And I agree with you that moving most likely will cost more than you gain from it. Just mine where you are. Good luck!
full member
Activity: 195
Merit: 104
January 13, 2016, 06:00:57 AM
utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

With 2.5 to 3c, your mining operation will last very long. Even after most miners become unprofitable, yours is still profitable.
sr. member
Activity: 469
Merit: 500
January 12, 2016, 02:10:54 PM
utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right
member
Activity: 124
Merit: 11
January 12, 2016, 10:49:05 AM
The only way to make a killing with mining these days is living somewhere where the electricity is cheap as hell or you are in some sort of privileged position.
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
January 12, 2016, 06:34:28 AM
the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***

That's very true indeed. And IMO it is better to seek for cheap electricity (or ways to make it cheaper) in developed counties with good infrastructure than to struggle solving various problems arising in undeveloped countries where the electricity is cheap.

Of course there are some exceptions but in general I'd suggest to avoid countries where you risk your life for getting cheaper electricity.
hero member
Activity: 742
Merit: 500
January 11, 2016, 08:00:25 PM
Maybe he needs the heat! and a cold beer Grin
hero member
Activity: 756
Merit: 500
January 11, 2016, 07:09:48 PM
Quote
Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

hey dude... I'm realy doubtful, how could it be possible? 0 cost ?

thnkx
hero member
Activity: 756
Merit: 500
January 11, 2016, 06:33:29 PM
the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***
legendary
Activity: 1358
Merit: 1003
Designer - Developer
January 11, 2016, 09:27:30 AM
0.076 cents CAD per KWH
legendary
Activity: 3500
Merit: 2246
🌀 Cosmic Casino
January 11, 2016, 09:26:31 AM
Price for residents in Trondheim, Norway: 0.07$/KWH

If you built a farm next to a powerstation you could probably get rid of the power transportation costs, which would put the price at 0.02$/KWH.


That's really one of the lowest prices of electricity in the world. I never thought that in a country like Norway (which is a typical Western country IMO) you can have such prices. You should start mining mate. ) Good luck!
sr. member
Activity: 281
Merit: 250
January 10, 2016, 02:59:45 PM
Bhutan has the lowest electricity price,
1.88-4.40 US cents per kilowatt

http://www.bpc.bt/utilities/electricity-tariffs/

Here in Montreal Canada I pay 6 cents per kilowatt.
member
Activity: 85
Merit: 10
January 10, 2016, 01:53:19 PM
Sorry... i do not know which country has cheapest electricity cost..
But i think there are prices starting from 7 cents to 20 cents at normal range for 1 unit power..
hero member
Activity: 658
Merit: 500
January 09, 2016, 09:25:38 AM
I think Thailand have one of cheapest electricity in the world, but I do not know precise price.  Wink
legendary
Activity: 3248
Merit: 1070
January 09, 2016, 02:38:41 AM
Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

if you're legit, why don't you invest yourself and offer share that you pay upfront, based on the hashpower that is bought by the investors? at least you can prove your legitimacy
sr. member
Activity: 281
Merit: 250
January 08, 2016, 07:35:40 PM
Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

Please re-post this in the investment section. You probably won't get any investors because you are a newbie with 2 posts, and most probably a scammer.
newbie
Activity: 6
Merit: 0
January 08, 2016, 02:57:13 PM
Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex
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