As a matter of fact you can not earn money if your electricity price is greater then 0.11 USD cents.However, if you live in Greece or a country in similar situation it is not a matter of profit but reachable and safe way of depesiting money for urgent needs.
At the poll my options were not realistic.There are users announcing that they are producing BTC with the electricity price over 0.40 USDcents.
This means to me I want to own BTC but I do not want to register to any BTC market to buy and sell.
This also shows that BTC production at home will always continue concerning privacy issues by the individuals.
I will also repeat the poll with more realistic options.I am writing a thesis over social behaviour of individuals concerning privacy.
I do thank you for your participation.
Topic: What is your electricity price (Read 1885 times)
too high, 0.25 euro if i surpass a certain limit, otherwise 0.2, mining is out of the question with this rate
i want to add that because of this i was using all the time the "instamining trick" with altcoin to make profit with almost zero electricity, because you turn on your gpu only for the launch of the coin then off again
i want to add that because of this i was using all the time the "instamining trick" with altcoin to make profit with almost zero electricity, because you turn on your gpu only for the launch of the coin then off again
Me also no home mining, becouse my cost electricity cost 20 cents. 
But few years ago electricity was cost 11 cents
But few years ago electricity was cost 11 centsWhere do you live? 20 cents is too much for mining. You can't earn much money while others mine for 2 cents per kWh.
Me also no home mining, becouse my cost electricity cost 20 cents. But few years ago electricity was cost 11 cents
But few years ago electricity was cost 11 cents 
Yeah I have 12 or 14 (can't remember right now)
The rates in this poll are way too high
The rates in this poll are way too high
I have 12 cents per kwh. Your poll rates are too much for normal users. I think there are only a few places where electricity costs more than 0.40 cents. You can rearrange poll options.
If your electricity costs you more than 15 cents per kwh you shouldn't do bitcoin mining. You can't compete with people who pay only 0.02 cents. That's why Chinese dumping bitcoins when they mine it.
If your electricity costs you more than 15 cents per kwh you shouldn't do bitcoin mining. You can't compete with people who pay only 0.02 cents. That's why Chinese dumping bitcoins when they mine it.
Do you have "Time of Day" rate available to you?
It might make it possible for you to continue to home mine, on a part-time basis, for somewhat longer.
It might make it possible for you to continue to home mine, on a part-time basis, for somewhat longer.
Sigh Minnesota USA went from 12c kwh to 13c kwh (bastards!) NO HOME MINING FOR ME! When the knc titan(s) go doorstop status next year.
Is that 0.023 your final rate all up, or your base rate?
I have a couple small surcharges but those add up to maybe 50 bucks.
How much power are you using to count $50 as "small surcharges"?
8-O
A lot of power
Is that 0.023 your final rate all up, or your base rate?
I have a couple small surcharges but those add up to maybe 50 bucks.
How much power are you using to count $50 as "small surcharges"?
8-O
Is that 0.023 your final rate all up, or your base rate?
Final rate. I have a couple small surcharges but those add up to maybe 50 bucks.
Is that 0.023 your final rate all up, or your base rate?
$0.023 per Kwh in Wenatchee, Wa.
I have 12 cents for 1kwh in my area.
2 years? That's too optimistic thought. People don't mine at home anymore, since 2 years. (December 13 exactly)
Would you pls. check the electricity prices at the below link?Do they seem correct?
https://en.wikipedia.org/wiki/Electricity_pricing
The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.
The number of miners in USA is very much correlated with electricity price.
The miners and hash rate in Europe is decrasing.
I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.
https://en.wikipedia.org/wiki/Electricity_pricing
The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.
The number of miners in USA is very much correlated with electricity price.
The miners and hash rate in Europe is decrasing.
I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.
2 years? That's too optimistic thought. People don't mine at home anymore, since 2 years. (December 13 exactly)
Would you pls. check the electricity prices at the below link?Do they seem correct?
https://en.wikipedia.org/wiki/Electricity_pricing
The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.
The number of miners in USA is very much correlated with electricity price.
The miners and hash rate in Europe is decrasing.
I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.
https://en.wikipedia.org/wiki/Electricity_pricing
The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.
The number of miners in USA is very much correlated with electricity price.
The miners and hash rate in Europe is decrasing.
I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.
That's statewide averages, I believe.
Washington varies a LOT - SeaTac area IIRC is over 10 cents/KWH, Douglass and Chelan counties around 3 cents/KWH - and the PUDs of those two counties and Grant county routinely sell a LOT of megawatts from their massive Columbia River hydro projects TO the power companies to the West of them.
It also looks suspiciously like "base rates" - which often leave out a LOT. Where I live, 30-40% of my bill is caused by stuff like "regional transmission fee" and "fuel surcharge", which make the base rate almost a joke.
I DO get a suspicion that the original poster misplaced a decimal point - or they're looking at a NON-USA dollar. Not that I think the Canadian dollar is THAT far off from the US dollar, but I believe there is at least one other country somewhere that calls their currency "dollar".
Washington varies a LOT - SeaTac area IIRC is over 10 cents/KWH, Douglass and Chelan counties around 3 cents/KWH - and the PUDs of those two counties and Grant county routinely sell a LOT of megawatts from their massive Columbia River hydro projects TO the power companies to the West of them.
It also looks suspiciously like "base rates" - which often leave out a LOT. Where I live, 30-40% of my bill is caused by stuff like "regional transmission fee" and "fuel surcharge", which make the base rate almost a joke.
I DO get a suspicion that the original poster misplaced a decimal point - or they're looking at a NON-USA dollar. Not that I think the Canadian dollar is THAT far off from the US dollar, but I believe there is at least one other country somewhere that calls their currency "dollar".
U.S. Highest Rate Connecticut (excluding Hawaii) $0.23 kWh
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a
That EIA data is only of marginal value - it's way off in many regards. I'm located in Arizona, and right now we're in peak summer rates, and I'm at $0.0864/kWh (it drops off to $0.0758 in the winter - so both are well below the stated "Lowest Rate". That's also residential pricing, and at least with my power company Commercial is a few cents less than that - in the winter it can get as low as $0.0497/kWh.
One thing to watch out for when comparing rates is whether or not they also have demand charges - my particular provider doesn't, but I was comparing against another that had better kWh rates - but then once you added the demand charge it was worse than my current plan.
U.S. Highest Rate Connecticut (excluding Hawaii) $0.23 kWh
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a
the price of the country I am at the moment ( IRAN ) I believe is less than 0.40 , its very cheap compared to the PHILIPPINES which the price there is triple or even x4
I'm not sure you're using the right decimal, format or currency.
We're talking about USD. And Google says sure, Philippine electricity goes high, from 5php/kwh to values such as 11php/kwh. Which is up to 0.24usd/kwh.
But either google's few top website returned have wildly wrong value reported or electricity does not indeed go THAT high. Not to such value like 2USD/kwh as you're suggesting.
People don't understand how to use decimal points, apparently.
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