Topic: The cost of electricity in the world - page 3. (Read 31147 times)

With the recent rise of value of US dollar, the cost of electricity drops in dollar term in other countries. So will the mining moves out of US?

Yeah, it's very expensive, but look...

The value of the brazilian Real, the currency I mean, it's now less than 25% of the US dollar, and much less than comparing it with the Euro or the British Pounds...

So... THE PRICE OF ENERGY here is VERY HIGH (much higher than it is in Europe).

Ps: the average wage here is beyond U$200.

IT'S A SHAME. A FUCKING SHAME !!!

Bloomberg report here: http://www.bloomberg.com/news/articles/2016-01-05/brazilian-real-volatility-surges-as-china-intervenes-in-selloff


Reuters: http://www.reuters.com/article/latam-emergingmarkets-idUSL1N14J1EE20151230

WSJ: http://www.wsj.com/articles/brazils-real-falls-sharply-against-dollar-1451922347

THIS IS WHAT MEANS "A FUCKED COUNTRY".

 

Yeah or limit the ip/wallet etc.
Bitcoin being centralized is not good.

I pay 0.21 EUR cent (Germany). Quite a lot right.

Mad electricity prices is why Bitcoin network is becoming centralized.
Some miners have an unfair advantage when it comes to electricity prices, this is why the Bitcoin network is becoming centralized.

The Bitcoin network should have some sort of a cap on the max number of Bitcoins can be mined by an individual miner.

Brazil has the absurd cost of U$0.18 per KWh (~R$0.75/KWh).

Nobody's mining here. It's a shame.

 

Canada .08$ per kilowatt... price has been increasing...

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.

I'm paying €0.32 over here in Belgium...
Which is arround $0.36... Pretty expensive huh ...

In some parts of India including Arunachal you can set up your own mini hydro electric plants to power these operations.

That is doable Arunachal Pradesh: $0.06/KWH

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

Russia was 0,1$/kw
but because of devaluation  0,05$/Kw

I would love prices like that where I am in the UK.



And I thought that in UK had bad prices. Currently price here is around £0.12 to £0.15 ish depending on what suppler go to. So around 0.18 to 0.20 cent. Having 80 cent per kw is insane. It would be good if find some new renewable energy that becomes the new standard and reduces prices and have cleaner energy, but costs more to produce right now. The way population is growing will be a global crisis in the future if technology does not advance to a point of everything being renewable, not forgetting being cost effective for every household. Right now prices in UK are not too bad but could be a lot better and with petrol going up and diesel going down is a joke too. Can only wait and see what happens for the future but no doubt prices will go up and wage wont cover it.

Indeed, i have been in contact with several people interested in putting their mines here, and it is rather difficult to find doable places where there's no need for a 100-200k USD investment on transformers.

However, cooling is a non-issue, ambient temps on my mines are sub-30ºC so i just got to push-pull enough air through them and work done.

Regarding the issue of the "subsidy" of the electricity: I have enough insider information on the matter and i know what's the next price point, and it is a non-issue atm. Also, 80% of the generation is hydro, which is WAY greener than most other mines, and there's a dam that's about to be opened that will add 12GW more to the electric network.

If/when the socialist government goes away, the opposing party isn't willing to take the political red pill of eliminating subsidies and letting the unwashed masses pay full price

Btw, electricity price before the socialist "revolution" was ultra-low too.... it has been the neverending boon here, so i doubt that's set to change anytime soon... politicians aren't stupid when it comes to populist decisions, and they know that removing subsidies from the electricity and gas prices will net them a coup, in the best case, and their lives at worst.

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investement on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

Doubt Qatar is cheaper than Venezuela.

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

wow i never know that there are country with free electricity

South America would be a good place to setup a mining rig.