What about electric bill in Australia?

nmaryrai

sr. member

Activity: 490

Merit: 250

It looks like the electricity tariff in Melbourne is more expensive than Malaysia, and Indonesia, Electricity bill at my house is only $ 30 to $ 40 per month, electricity consumption at my house is 900W. It's all just for lighting, Television and Electric Water Pump.

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Quote from: dean.alpha on August 27, 2017, 12:59:17 AM

Quote from: -ck on August 26, 2017, 07:37:00 AM

Freaking expensive. Forget it.

So Every country doing mining except for australia ?

Even with the cheapest off peak electricity domestic rates you're only barely breaking even with what you mine. The only way to make it affordable is to use the excess heat to warm your house which then ends up being profitable; modern mining hardware is extremely loud though so you probably wouldn't tolerate them in your house anyway. Unless you can get commercial rates for electricity, or produce your own through solar, wind etc., it is basically futile (having mined on and off in Australia for 6 years now.) The only other way is to mine at a loss and hope bitcoin keeps rising to offset your earlier losses, in which case it makes more sense to just convert dollars into bitcoin now and HODL.

dean.alpha

newbie

Activity: 2

Merit: 0

Quote from: -ck on August 26, 2017, 07:37:00 AM

Freaking expensive. Forget it.

So Every country doing mining except for australia ?

-ck

legendary

Activity: 4088

Merit: 1631

Ruu \o/

Freaking expensive. Forget it.

dean.alpha

newbie

Activity: 2

Merit: 0

Hey everyone,
I want to start to mining with a machine which is bıtmain S9 that electricity consumption is 1300W. My question is what about electric billing in Melbourne? Expensive or cheap ?
How much bill could be a month ?

Thank you ..

Topic: What about electric bill in Australia? (Read 711 times)