Topic: What is your electricity price (Read 1971 times)

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.

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

Where 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

Yeah I have 12 or 14 (can't remember right now)

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.

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.

 

   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.

   

A lot of power

 How much power are you using to count $50 as "small surcharges"?

 8-O

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.

 

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".

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

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.  

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

Yeah maybe OP meant 0.04, not 0.40, 0.1, not 1$+

The poll doesn't make sense, the lowest option encompass most of the world. Most having electricity cost making mining unviable.

Poll options are too much IMHO. I pay 0.15 cents per 1 kW electricity.
They still tell me it's not profitable for btc mining.

You definitely need to modify your poll.

 The AVERAGE price of electric in the USA is around 12 cents/kwh, and there are 2 counties in Washington State that are around 3 cents/KWH

 Anything over about 15 is pretty close to being unprofitable to mine with even the current most efficient units (SP20E, SF3001, S7).

 $0.2/KWH is quite HIGH by US standards, fairly high by the standards of a lot or most of the rest of the world, and forget trying to mine at a profit at that kind of electric pricing.



 https://en.wikipedia.org/wiki/Electricity_pricing is a good place to start your research. It's not definitive, but it points you in the right directions.


 Also, most "renewable energy" ends up costing MORE than commonly used sources, at this time, though with government subsidies it might come in as competative, and if you're WAY out in the boondocks you might not have any other viable choices. Some of those options were getting to be competative when oil was over $100/barrel and coal/natural gas were following suit somewhat, but at current fossil fuel pricing the competativeness has dropped. I'm certain that non-fossil options WILL have to get more common eventually though, as even Coal is a finite resource much less oil/natural gas, and stuff like Ethanol isn't much better than break-even at BEST vs the energy used to MAKE that stuff.


 Long term, Ethanol and the like might be a good option - if wind or solar power is used to make it. Biggest issue is that current EFFICIENT Ethanol making requires fairly constant power input, which neither wind nor solar can manage (though Hydro and tide power genration can).

Here, it is just under 4cents per KWH for the first 30 kWh in a given day then it is 5cents~ for the rest.

It sound like a fairly ideal pricing for electricity. I would imagine paying more than 8cents/kwh fairly improper for trying to earn income from mining.

I have modified.

The price is very good.Where are you from?

you might want to modify your poll

I have heard of places in usa at 5c kwh

my cost is 13c kwh (it went up 1c kwh last month damn it)

just saying

Electric cost is doubtless the most important parameter when you the mining.Knowing the electricity prices you experience all over the world will be a free data base for me and others willing to perform academic studies on BTC.