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Topic: Which UK Buildings are suitable for mining? (Read 228 times)

full member
Activity: 219
Merit: 426
October 22, 2022, 11:02:36 AM
#6
Doesn't UK currently experience energy crisis? Quick google search result[1-2] shows electricity price ranging from 0.2 to 0.26 GBP ($0.22 to $0.29) per kWH.

Or I think looking for colocation with cheap electricity rate might be your best solution than trying to mine in the UK with very expensive Electricity rate.

It's likely OP will find one located outside UK though. If OP already own the ASIC, it means additional cost on international shipping.

[1] https://tradingeconomics.com/united-kingdom/electricity-price
[2] https://www.gov.uk/government/statistics/quarterly-energy-prices-september-2022

Actually, UK electricity rates for new business contracts are currently coming in around £0.85 - £0.90 per kWh, which is around $1.00 per kWh.

An S19 Pro 100T generates around £5.86 worth of Bitcoin per day, and will cost £60.18 to generate that £5.86 of Bitcoin (at assumed rate of £0.85), for a total loss of £54.32 per day, per S19 100T!

So unless you have free electricity, or have a current contract with very low rates, UK is not the place to be thinking about mining.
sr. member
Activity: 714
Merit: 250
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October 21, 2022, 08:00:34 PM
#5
You can get good deals on railway infrastructure, for example railway arches. There are lots in places like Birmingham that are fairly reasonable.

https://www.guardiansofthearches.org.uk/tenant-support/

https://www.thearchco.com/

I know several people who have successfully mined in arches. Fairly cheap and well equipped for it.
legendary
Activity: 2618
Merit: 1505
October 20, 2022, 05:30:40 AM
#4
In the UK, most houses are fitted with 80-100Amps...

Considering most Miners operate around 3000watts... it means you can only use around 8 miners maximum...

What is a better solution here?

Why not just place your Asics in a hosting company, if of course the rental price suits you, it is not necessary to place them at home, especially since the price of electricity in the wholesale market is cheaper.
legendary
Activity: 3472
Merit: 3217
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September 16, 2022, 10:53:51 AM
#3
Uk is not a good place to start a business with Mining machines electricity rates are very expensive you maybe can mine in the UK if you have a solar.

Or I think looking for colocation with cheap electricity rate might be your best solution than trying to mine in the UK with very expensive Electricity rate.
jr. member
Activity: 41
Merit: 2
September 16, 2022, 05:57:16 AM
#2
Rent a small industrial warehouse, you usually get more power there.

But before stepping in, just make sure the electricity price, I'm not from the UK but I guess it's pretty exp at the moment
jr. member
Activity: 34
Merit: 14
September 15, 2022, 06:31:47 PM
#1
In the UK, most houses are fitted with 80-100Amps...

Considering most Miners operate around 3000watts... it means you can only use around 8 miners maximum...

What is a better solution here?
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