Topic: The cost of electricity in the world - page 8. (Read 31151 times)

Yeah, for now at least. I also won my S4 as a prize so have no ROI you jelly? baha

Yeah its not cheap in UK anymore use to cost me about £10 to £15 per day to run my miners but it was worth it when first got miners now tho id be minus figures unless theris profitable sha coins to use and right now theris none worth while mining on

That would explain why I often get UK members renting my rigs! Sucks bro :/ get some self-generated renewable energy sources

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

Instead of doing the cost break down, you most likely have to take into a different approach.

You would have to take a more eco friendly approach and sacrafice on performance downside if its not enough juice.

eg: going to install solar panels for non-stop free stored electrcity, but you need a capacitor that can translate that towards at night that switches off.

Here in ottawa, Canada we get $0.095 per kw

Power estimating (infrequently alluded to as power tax or the cost of power) fluctuates generally from nation to nation, and may shift essentially from area to territory inside a specific nation

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

This is somewhat apropos to the discussion here, and I feel like talking about it will make it happen sooner..

(In case of tl;dr, we own property in prime wind energy zone, if they build on our land, my family gets big bucks and free electricity, I establish nerd colony and datacenter in the desert.)

My mom's side of the family owns a large ranch in the Texas panhandle (Motley County), of which my mom and her brothers each own a share (which of course will be inherited and diluted amongst my siblings). Anyway, over the last several years, there's been massive amounts of wind farms being constructed all over West Texas (probably elsewhere too) in extremely rapid fashion. The panhandle region of Texas is by and large extremely rural, consisting mostly of farm and ranch land, and our property is in a geographically prime spot (excellent wind and located near new power grid infrastructure designed to interface the region's wind energy into the main grid). A while back an uncle of mine was approached by a wind company about possible development on our land, he indicated that if our land is leased and windmills were installed, the royalty income would be "significant" and that all electricity needs for our property would be "at our disposal" (free!). Unfortunately, that specific contact didn't pan out (this was around 2008~ and the economy was busy going in the toilet), but in the last 2 years there's been wind farms going up left and right, some within a few miles of our place, and judging by the rate these construction companies are hiring construction workers to set up the turbines, they are still picking up steam.

So, if this ends up happening, provided that our potential contract includes unmetered electricity, I'll be doing everything possible to construct my desert datacenter, shield it from tornadoes, and stuff it full of miners. I'd be happy to host other people's equipment too, for super cheap, provided we can establish a means to ensure security and trust, etc.

Low cost energy is one issue. What I always hear in discussions is that people are very much concerned about how the energy is produced, i.e. if it is green energy or if it is produced by burning coal. For the future of Bitcoin-mining, it may become crucial how the energy is produced. Price + "green label" + "use of produced heat" may become an issue for potential new Bitcoin-users. At the car fair in Geneva, Tesla was showing its newest models, and when talking to potential buyers about how they could pay the power for the Tesla with Bitcoins, this was always an issue.

You should look for places with renewable power sources. These are the cheapest ones. Most of farms are in Iceland and Bosnia.

If you're looking for low cost electricity, we're hosting in Labrador. Send me a PM.

At central Europe we are saying that in USA is low cost elecricity, so I should us your own state elecricity if you are from USA, but if you can realizate it then you can mine at South America there is low cost too I thing.

Argentina:
0.07$/kWh

Some of you have dream electricity costs around this thread, but lately I'm seeing quite high prices. Not feeling all that bad after all haha About 0.22$/kWh here.

Not sure if this link has been provided before, but it seems accurate for a few places that I'm aware of in the states:

http://www.electricitylocal.com/

I've got different rates based on season and usage for my residence.  Fortunately for my location they have regressive rates so my incremental miner power use is at the lower rates, which is currently under USD 0.08 kwh.

The price of electricity here in UK is quite expensive around 20-40 cents per KwH. I doubt anyone even mines here.

Yeah live in the Netherlands and we got like mad expensive electricity.

0.265$ per KwH, could you even imagine what mining was for us back in the good ol' days?
Almost impossible, we always gambled on good hardware sales.

The provider is almost always legal .its different countries having different cost of electricity to produce it.

not that cheap if the provider is legal