Topic: What is average cost of electricity for miners? (Read 3328 times)

Sydney, Australia: 0.35-0.49. off peak and peak

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.

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.

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.

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

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

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.

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.

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

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.

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.

In India, it's layered pricing - you pay less/kw if you are using it at home. For mining purposes  this will mostly cross the limits and you might have to pay around Rs 6.25 = $0.1 if you are in Karnataka state.

https://bitcointalksearch.org/topic/electricity-cost-across-all-states-653588

When I was at CoinSummit a few months ago I met an energy investor who told me that there are certain areas in the Texas panhandle that have so much excess power generation that they will pay you to take energy off the grid during low consumption periods. While I have not been able to independently verify that assertion, it's not far-fetched. In the United States there are three separate energy grids. The breakdown is basically:

• East of the Mississippi River
• West of the Mississippi River
• Texas

That's right, Texas has it's own energy grid. While Californians were suffering from rolling blackouts due to artificial power shortages produced by Enron back in 2001 (http://en.wikipedia.org/wiki/California_electricity_crisis), Texas was actually pumping excess power directly into the ground because the power grids are independent. Texas could have provided the west coast power grid with additional resources, but they had no reason to: The shortage was artificial and who's got the incentive to pay Texas to relieve an artificial power shortage? Certainly not Enron.

I also met the CEO of CloudHashing and he confirmed that the impetus behind building one of his mining farms in Texas was the strength of the power grid and the price of electricity.

In general, in the US, the closer you are to the center of a major metropolitan area, the higher the price will be for electricity. Rates vary according to demand though. In the middle of summer when everybody has their A/C cranked, electricity is far more expensive than in the dead of winter. In Indianapolis I pay between USD 0.07 and 0.11 per kWh depending on the demand. This is coal country...something like 80% of my power comes from blasting the tops off of Appalachian mountains and burning the coal inside. But it's okay, according AES it's "clean coal."

Eastern Washington State 3hrs from seattle in Chelan County and I pay 0.027kwh.

SE Europe, 7 cents per kwh.

I'm in the Pacific Northwest (About 30 minutes north of Seattle). PUD charges us $0.094/kW/h for electricity. I've heard they're getting rates somewhere in the area of $0.05-0.06/kW/h over in Eastern WA.

Holland $0.32 kwh

5 cents a k watt is possible in the northwest.

the northeast is bad 14-16 cents.

In New York it's about 15 cents per kWh. Pacific Northwest (especially Washington state) have really cheap electricity in many places, though.

I'm located in Canada, and I'm paying about 12 cents per kWhr.

I have never heard of electric that cheap. Here in North Carolina I pay about .09cents per kw I believe it is because much of our energy comes from nuclear power. When I lived in New York it was significantly more as the residents were afraid of nuclear power.

I've heard somewhere in Great County, USA miners have access to very cheap electricity from Hydroelectricity priced around 2 cents/Kwh. I don't know whether its true or not. I can't believe that somewhere in USA, we've electricity so cheap.

Next, in general what is cost of electricity that miners are paying in majority of countries(USA,Canada, Europe, China)?

c. 0 to 0.05 kwh
b. 0.05- 0.1 Kwh
c. 0.1-0.2 kwh
d 0.2-0.3 kwh

If you know rates in your country  then please, I'd like to know more to find best place for mining.
We've in order or 0.1-0.2 kwh. Is it competitive?