Topic: What is average cost of electricity for miners? (Read 3276 times)
Sydney, Australia: 0.35-0.49. off peak and peak
Correct, I too am in California with this tiered structure...started mining and hitting the $0.34 tier 
Yeah, in 2013 I was mining at home and then moved into a datacenter in early 2014. The cost was less of a factor then, I exceeded my power panel in December and popped breakers and all sorts of stuff. These days you would need a lot of equipment running to pay off a high power bill and get a profit.
I read an article a while back where some miner got caught using city power to run miners, he built a fake utility box next to a power outlet in a park and used wifi for a connection. Made the metal box all beat up and look old, a touch of worn out graffiti and what not. He had it mining for months until, of all things, the homeless would get next to it to stay warm at night. The city wanted to put an end to it and wondered why the box was warm... da da da! The jig was up... lol.
Mine is tiered in southern california...
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
751 kWh/mo is about 1.04 kW average utilization, which is a low threshold. This means you would essentially be paying $0.34/kWh for any miners you add, correct?
Correct, I too am in California with this tiered structure...started mining and hitting the $0.34 tier
2 cents\Kwh??U kidding me?i never see so cheap place anywhere.
Currently paying ~0.075/USD/kw here in Oregon. I too have heard of 2 cent per kilowatt hour electric somewhere in Eastern Washington I believe. Isn't that where Megabigpower resides?
Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh
My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there. Absolutely nuts!
Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.
Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh
My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there. Absolutely nuts!
Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.
Yes that is painful to look at. I could moved some of my miners to my in-laws in Seattle since power is about $0.02 but I can only keep my most stable of rigs up there since every has to be controlled remotely. One lockup and it's 3 months of downtime.
No way in hell can I mine here in Los Angeles with $0.36 rate. 1000 miles away, 18x the cost - makes total sense
Currently paying ~0.075/USD/kw here in Oregon. I too have heard of 2 cent per kilowatt hour electric somewhere in Eastern Washington I believe. Isn't that where Megabigpower resides?
Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh
My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there. Absolutely nuts!
Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.
Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh
My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there. Absolutely nuts!
Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.
I'm in Texas where power is pretty cheap, but I can't bring myself to run my ASIC miner because it seems so wasteful.
So, I went to Peercoin and I am a fully distributed, decentralized minter now.
A full node can be run on less than 3 watts.
There is a program where you can get 10 PPC for setting up a node on a Raspberry Pi.
It is linked here: https://bitcointalk.org/index.php?topic=715971.new#new
So, I went to Peercoin and I am a fully distributed, decentralized minter now.
A full node can be run on less than 3 watts.
There is a program where you can get 10 PPC for setting up a node on a Raspberry Pi.
It is linked here: https://bitcointalk.org/index.php?topic=715971.new#new
0.14$ per kwh, Croatia
about 10 cent
We fall into the B. answer up here in the Silicon Forest (Oreygun) ;-)
Currently sitting at ~0.08/kw/h
Currently sitting at ~0.08/kw/h
For me this seems to be right on the price is 1200watts=$100usd a month. I take my total watts and devide by 12. It works out right every month for my electric rates here.
Mine is tiered in southern california...
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
751 kWh/mo is about 1.04 kW average utilization, which is a low threshold. This means you would essentially be paying $0.34/kWh for any miners you add, correct?
Yes it's tiered pricing and depending on how you live mining may use only top tier electricity rate. I live in Southern California and as I posted in another thread my entire family lives very miserly (aka cheap). We try to keep the total KWH per month under 350 because I hit $0.31 at that point and $0.35 soon after. I only ran miners to test them before deploying them elsewhere.
In Virginia, we have tiered charges for generation, distribution, and transmission. Under 800 kWh is a little cheaper. I calculate my rates using the over 800 kWh pricing. All things considered, our prices are really cheap given that we are in a major metropolitan area.
June to September fully loaded price is $0.08/kWh and October to May fully loaded price is $0.05/kWh.
June to September fully loaded price is $0.08/kWh and October to May fully loaded price is $0.05/kWh.
Mine is tiered in southern california...
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
751 kWh/mo is about 1.04 kW average utilization, which is a low threshold. This means you would essentially be paying $0.34/kWh for any miners you add, correct?
Mine is tiered in southern california...
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34
We will be paying about $0.025/kWh once we get above 200 kW of demand in Grant County, WA, USA. Before 200 kW, we will be paying around $0.04/kWh. We are offering hosting services for as low as $0.097/kWh all-in, including power, rent, internet, maintenance, cooling, electrical infrastructure, remote access, and security. We expect our uptime to be well above 99%, although we won't make any promises about that until we've been in operation for a while.
Rates in Douglas County are even lower. I think they're 2.35 cents per kWh, regardless of demand. We found a nice building in Grant, though, so that's where we are.
Please keep in mind that electricity prices are important, but they are far from the only costs in running a bitcoin mine. I know of someone in the Wenatchee area who spent about $40,000 just on electrical upgrades for his warehouse, and was only able to put in about 10 kW of equipment before he was unable to add more miners due to a lack of cooling. He also pays more in rent than he does for electricity.
See also https://bitcointalk.org/index.php?topic=622998.200. That's the hosting directory thread.
Rates in Douglas County are even lower. I think they're 2.35 cents per kWh, regardless of demand. We found a nice building in Grant, though, so that's where we are.
Please keep in mind that electricity prices are important, but they are far from the only costs in running a bitcoin mine. I know of someone in the Wenatchee area who spent about $40,000 just on electrical upgrades for his warehouse, and was only able to put in about 10 kW of equipment before he was unable to add more miners due to a lack of cooling. He also pays more in rent than he does for electricity.
See also https://bitcointalk.org/index.php?topic=622998.200. That's the hosting directory thread.
around 0.1 cent per KWH.
I think you mean 10 cents or $0.10 per KWH. 0.1 cent per KWH hour is essentially free and nobody has that - some people have access to small amounts of "free" power.
It's also helpful to state where you are getting that rate.
around 0.1 cent per KWH.
In Australia, well you just wouldnt mine without solar power. I cant believe people are still mining.
Please see this thread for the same topic postings: https://bitcointalksearch.org/topic/--507157
The Pacific Northwest US has the cheapest power in the US - if you're near a hydro dam and buy in bulk you can get under 2 cents per KWH.
The Pacific Southwest US has the most expensive power in the US - my home rate from Southern California Edison is $0.35 KWH for tier 4 which I hit even without mining nor an electric range or car.
The Pacific Northwest US has the cheapest power in the US - if you're near a hydro dam and buy in bulk you can get under 2 cents per KWH.
The Pacific Southwest US has the most expensive power in the US - my home rate from Southern California Edison is $0.35 KWH for tier 4 which I hit even without mining nor an electric range or car.
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