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Topic: The cost of electricity in the world - page 7. (Read 31147 times)

full member
Activity: 125
Merit: 100
I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.
legendary
Activity: 3248
Merit: 1070
IN India 1Kw/h = 2.3 Rs

really good, better than some chinese farm, what about investing in some miners or hosting facility? or you might just sell your electricity for more
member
Activity: 98
Merit: 10
ToQcHista
I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up
full member
Activity: 213
Merit: 100
I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?
legendary
Activity: 4256
Merit: 8551
'The right to privacy matters'
IN India 1Kw/h = 2.3 Rs

Nice price about 4 usa cents a kwatt is very good.
newbie
Activity: 21
Merit: 0
April 24, 2015, 02:46:46 PM
IN India 1Kw/h = 2.3 Rs
member
Activity: 98
Merit: 10
ToQcHista
April 21, 2015, 02:47:02 PM
I living in georgia and 1 kilovat price is 0.05$
member
Activity: 112
Merit: 10
April 20, 2015, 07:17:42 PM
Maryland just sighed for 0.0855 kwh fixed rate for the next 20 months.  whats nice about Maryland right now you can pick which one you want . but watch what you get, mine came with no cancellation contact or fee.
newbie
Activity: 2
Merit: 0
April 20, 2015, 06:38:33 AM
We get it for around 0.0046 US$.

This can of course be supplemented by the enormous Wind and Solar capabilities in Africa,but the problem is infrastructure and the cost of development.

Even in a fantasy world of free energy there would still be many costs running a btc mine. Electrical switchgear, copper, aluminum, enclosures, the building, cooling, internet+backup, mining machines, maintenance, permits, inspections, security, technical knowledge, etc, etc.. It would never be close to a zero sum game. Margins are thin enough at this point that you can blow away your chance at ROI even with free electricity just on infrastructure costs. Build like the government and procure with no questions asked and be damned, or be the junkyard guy that recycles usable equipment for almost free.

In cases where they actually may be 'free' power, I would argue that it is not so free because:
1. There is almost always a severe limit of capacity of power that is delivered freely.
2. Many of these places are in politically unstable areas, very risky to place any significant assets
3. Power quality tends to be very low, unstable, or power is not available 24/7/365,
4. Poor internet connection, specifically unstable or only high-latency connections available.
5. Someone is still paying for it, subsidized or not, so it may be free to you but someone or some group is still paying.




Points 2 and 3 is probably the biggest problems we face.

Edit - acording to Wikipeadia the cost is much higher than I worked out.
newbie
Activity: 2
Merit: 0
April 20, 2015, 06:28:57 AM
We get it for around 0.0046 US$.

This can of course be supplemented by the enormous Wind and Solar capabilities in Africa,but the problem is infrastructure and the cost of development.
full member
Activity: 120
Merit: 100
April 18, 2015, 11:10:18 AM
Even in a fantasy world of free energy there would still be many costs running a btc mine. Electrical switchgear, copper, aluminum, enclosures, the building, cooling, internet+backup, mining machines, maintenance, permits, inspections, security, technical knowledge, etc, etc.. It would never be close to a zero sum game. Margins are thin enough at this point that you can blow away your chance at ROI even with free electricity just on infrastructure costs. Build like the government and procure with no questions asked and be damned, or be the junkyard guy that recycles usable equipment for almost free.

In cases where they actually may be 'free' power, I would argue that it is not so free because:
1. There is almost always a severe limit of capacity of power that is delivered freely.
2. Many of these places are in politically unstable areas, very risky to place any significant assets
3. Power quality tends to be very low, unstable, or power is not available 24/7/365,
4. Poor internet connection, specifically unstable or only high-latency connections available.
5. Someone is still paying for it, subsidized or not, so it may be free to you but someone or some group is still paying.


legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
April 18, 2015, 03:50:15 AM
I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

This is more like an off topic speculation, but if I recall electricity was free or partially free in Iraq. Partially meaning that every second or third month was free. I read about it somewhere years ago.
Do you want to know what will happen to mining?

Are you serious with that, Iraq have a free electricity (for third month)? I bet, there must be a requirement for that.
And yes, what will happen to mining if electricity in the world is free?
sr. member
Activity: 756
Merit: 250
Infleum
April 17, 2015, 03:27:42 PM
I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

This is more like an off topic speculation, but if I recall electricity was free or partially free in Iraq. Partially meaning that every second or third month was free. I read about it somewhere years ago.
Do you want to know what will happen to mining?
legendary
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
April 17, 2015, 09:07:12 AM
I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?
newbie
Activity: 56
Merit: 0
April 16, 2015, 02:14:16 PM
in my country it costs 0,05 USD per kw
newbie
Activity: 42
Merit: 0
April 16, 2015, 08:54:44 AM
I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?
It will, because you'll be getting free power from the sun, duh! Cheesy

What you should calculate is the ROI and to do it you have to first take your power bill and write down the electricity you're using every month and its cost.
Next pick the right amount of panels (with the right output) and write down the cost of installing them.
Now divide the cost of panels by the sum you're paying every month to your power company and you'll know how many months you'll need for the panels to profit.

Thanks Snipe85 for the good advise. I have been thinking about it for a long time and now it's time for some calculations.  Smiley
sr. member
Activity: 756
Merit: 250
Infleum
April 15, 2015, 05:50:12 PM
I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?
It will, because you'll be getting free power from the sun, duh! Cheesy

What you should calculate is the ROI and to do it you have to first take your power bill and write down the electricity you're using every month and its cost.
Next pick the right amount of panels (with the right output) and write down the cost of installing them.
Now divide the cost of panels by the sum you're paying every month to your power company and you'll know how many months you'll need for the panels to profit.
legendary
Activity: 952
Merit: 1002
April 15, 2015, 03:42:13 PM
I pay canadian 7 cents.

In bulk we can get it down to 5 or even lower

Exactly!  Why does everyone hype Iceland all the time?  Their duty tax on electronics can be something fierce as well.  Factor in your cost of living, moving, doing anything.  We've still got -40C winters here in Manitoba as well, great for overclocking.
newbie
Activity: 42
Merit: 0
April 15, 2015, 07:30:40 AM
I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?
legendary
Activity: 3248
Merit: 1070
April 10, 2015, 02:00:34 AM
apparently china has a cost of only $0.05 per kw(avalon ceo say it on reddit), this is why they can afford to build monstrous farm like the one posted in the mining secction

2.4 cents per kilowatthour in Chelan, Washington is the best in the USA.   (.024 usd)
...and yes, datafarms are cookin' there.

that's awesome, you should start a hosting service with that rate
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