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Topic: would you consider 0.08 Cent per kWh cheap nowadays ? (Read 2251 times)

legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
Here in the Northeastern US I am paying $0.0779USD per KWh, problem is the corrupt and greedy state govt + Electrical company adds another 80% to that for 'delivery charges, and other BULL Taxes'.  Undecided

Bastids.

..Otherwise though, average rates in my area are $0.13USD per KWh (+Fees).

That is a good point when you look at electricity cost always add the extra fees.  It sometimes can make a decent difference depending on country.

The best way to get your electricity cost is your bill they send you once a month.  That's what I used to get my "real" electricity cost.

LOL exactly. When I first got into mining I thought that $0.0779 per KWH will make me a killing mining. .. .. Until I realized the extra BOGUS fees the state and electric companies put on.
Such utter BS.
legendary
Activity: 1456
Merit: 1000
Here in the Northeastern US I am paying $0.0779USD per KWh, problem is the corrupt and greedy state govt + Electrical company adds another 80% to that for 'delivery charges, and other BULL Taxes'.  Undecided

Bastids.

..Otherwise though, average rates in my area are $0.13USD per KWh (+Fees).

That is a good point when you look at electricity cost always add the extra fees.  It sometimes can make a decent difference depending on country.

The best way to get your electricity cost is your bill they send you once a month.  That's what I used to get my "real" electricity cost.
legendary
Activity: 1694
Merit: 1002
Go Big or Go Home.....
Here in the Northeastern US I am paying $0.0779USD per KWh, problem is the corrupt and greedy state govt + Electrical company adds another 80% to that for 'delivery charges, and other BULL Taxes'.  Undecided

Bastids.

..Otherwise though, average rates in my area are $0.13USD per KWh (+Fees).
legendary
Activity: 3206
Merit: 1069
Yes that is cheap!  I pay about .15 usd, and its tiered so the more I use the more it costs Sad  Mining for money in my area is more or less impossible.

that's why hosting exist, you could ask someone to host your devices, if you have a friends that live in a zone where electricity is cheap enough, it could be done, it would be better than trying cloud mining
member
Activity: 84
Merit: 10
★YoBit.Net★ 100+ Coins Exchange & Dice
Yes that is cheap!  I pay about .15 usd, and its tiered so the more I use the more it costs Sad  Mining for money in my area is more or less impossible.
sr. member
Activity: 476
Merit: 251
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

Good point, I can get $0.04/Kwh which is .04 USD

Can I ask general location?  That is pretty good price on electricity.

I know that e.g. in Saudi its dirty cheap. But check out https://en.wikipedia.org/wiki/Electricity_pricing for pointers.
legendary
Activity: 1456
Merit: 1000
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

Good point, I can get $0.04/Kwh which is .04 USD

Can I ask general location?  That is pretty good price on electricity.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

Good point, I can get $0.04/Kwh which is .04 USD

This ration is competitive. With this, you have a good basis for a farm. Now you only need to be able to design your own ASIC to avoid markup.
hero member
Activity: 882
Merit: 500
Where am I?
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

Good point, I can get $0.04/Kwh which is .04 USD
legendary
Activity: 1456
Merit: 1000
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

That is extremely low.  Do you have to pay a vat or anything?

Looking at a few things it appears there are some regions that do not sound very good.  

We never pay vat for power.

But the weather is hot here. So we need to add extra power for cooling.

But the evaporative cooling which we use is not take too much power to work.

I was meaning vat to import miners.  Not a vat for electricity Smiley

There is a trick companies can do to avoid paying vat for importing.

If you know this trick (Which i know it  Shocked Shocked ) you pay nothing for importing.

A legit business would have hard time following this procedure.  A legit business would pay vat. Between this and Sudan's warnings online.  I think you will have a hard time getting one of the big miner companies to invest there.  

It's sad with the low electricity price you mention.  And for all I know Sudan could be great.  But looking online it is not gotten the best of reviews.  So it would be a uphill battle to convince a company to come there, instead of a place such as China that is already use to bitcoin and stable.
sr. member
Activity: 357
Merit: 250
That's good to know. I actually don't know too much about Sudan, but it seems your legal system is based on Sharia law. Did you learn English in Sudan

We learn English since 5th class on elementary school till university.

Our legal system is a mix between sharia and UK laws, but in sudanese version.

 
legendary
Activity: 1400
Merit: 1020
By the way, you can leave your car open here over night and you will find it intact here in the morning.

Don't believe every thing you hear and see on the media.

That's good to know. I actually don't know too much about Sudan, but it seems your legal system is based on Sharia law. Did you learn English in Sudan?

There is a trick companies can do to avoid paying vat for importing.

If you know this trick (Which i know it  Shocked Shocked ) you pay nothing for importing.

It's not really a 'trick', it's just how international business works. There are agreements to avoid double taxation between many countries and as a company you normally have a VAT ID.


sr. member
Activity: 357
Merit: 250
As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

What's the cost to get access to a stable broadband internet connection in Sudan?

If anyone gets electricity for less than 5 cents per kwh with internet access it could become a nice location for a bitcoin mining company.

I would personally rather invest in a mining operation in Canada, because it's politically stable.

If you are going to use DSL , you can have access for it with about 40 USD per month with the speed of 4 mbit .

If you need viper optics which will give you a better ping numbers then you need to pay about 1000 USD per month for 10 mbit download/upload speed.

It is expensive for low miner numbers , but for big farm i think the 10 mbit is enough and cheap if you divide it to the number of the miners.

By the way, you can leave your car open here over night and you will find it intact here in the morning.

Don't believe every thing you hear and see on the media.
sr. member
Activity: 357
Merit: 250
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

That is extremely low.  Do you have to pay a vat or anything?

Looking at a few things it appears there are some regions that do not sound very good. 

We never pay vat for power.

But the weather is hot here. So we need to add extra power for cooling.

But the evaporative cooling which we use is not take too much power to work.

I was meaning vat to import miners.  Not a vat for electricity Smiley

There is a trick companies can do to avoid paying vat for importing.

If you know this trick (Which i know it  Shocked Shocked ) you pay nothing for importing.
legendary
Activity: 1400
Merit: 1020
As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

What's the cost to get access to a stable broadband internet connection in Sudan?

If anyone gets electricity for less than 5 cents per kwh with internet access it could become a nice location for a bitcoin mining company.

I would personally rather invest in a mining operation in Canada, because it's politically stable.
legendary
Activity: 1456
Merit: 1000
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

That is extremely low.  Do you have to pay a vat or anything?

Looking at a few things it appears there are some regions that do not sound very good. 

We never pay vat for power.

But the weather is hot here. So we need to add extra power for cooling.

But the evaporative cooling which we use is not take too much power to work.

I was meaning vat to import miners.  Not a vat for electricity Smiley
sr. member
Activity: 357
Merit: 250
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

That is extremely low.  Do you have to pay a vat or anything?

Looking at a few things it appears there are some regions that do not sound very good. 

We never pay vat for power.

But the weather is hot here. So we need to add extra power for cooling.

But the evaporative cooling which we use is not take too much power to work.
legendary
Activity: 1456
Merit: 1000
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.

That is extremely low.  Do you have to pay a vat or anything?

Looking at a few things it appears there are some regions that do not sound very good. 
sr. member
Activity: 357
Merit: 250
Nope,  I can get half that price in several locations.

Are you sure you can get 0.04 Cent not 0.04 USD? OP is living in a paradise if 0.08 Cent per kWh is the actual price.

As a matter of fact we have a lower power rate here in Sudan, We pay 2 cents per kw .

To be exact , it is 1.81 cent per kw.
legendary
Activity: 1456
Merit: 1000

Interesting I have not seen you guys before. Northern Canada seems like you would have some savings for cooling down miners.  Do you have Vat or anything on getting miners to Canada?

I think a lot of the newer constructed data centers have been in china.  There is one or two that are very very impressive.   As far as US I think Washington state is where we all wish we were on pricing.

Customs to Canada is typically two or three percent above 5%, being the federal VAT, plus brokerage fee, of the declared value, but it does not appear to be constant. We're not quite sure how they calculate it. The VAT is higher (15% here in Labrador) but they don't typically charge the full provincial side on imports, no idea why.

Cooling here is far easier since we're in the sub-arctic. I should add to my above comment that our minimum contract is for 30kW of hosting.

15 percent vat seems to kill the deal to me.  That is just quite a tax for shipping it to be hosted.   

I would want more savings yet personally to justify that vat price.
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