would you consider 0.08 Cent per kWh cheap nowadays ? - page 2.

GreatNorthData

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Quote from: notlist3d on May 11, 2015, 03:49:57 PM

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.

crazyivan

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Most of big farms in China and Iceland pay about 4 cents per Kwh so it s not so cheap price if we talk about large scale mining. I personally have 7 cents per kwh.

chmod755

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Quote from: MCHouston on May 12, 2015, 12:50:46 PM

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.

MCHouston

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Where am I?

Nope, I can get half that price in several locations.

notlist3d

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Quote from: GreatNorthData on May 11, 2015, 07:47:22 AM

I'm surprised that there is still as much mining in high cost jurisdictions. I was even more surprised to see Bitcoin Shop was building a 10MW facility in North Carolina, where the lowest industrial rates are north of 6 cents/kwh, without taking into account set up, cooling and service. I think the next halving will take care of the last "high cost" mines. Anywhere the temperature is above 30 degrees more than 10 days a year is not optimal for mining.

For comparison, our rates start at roughly 0.085 cents/kwh including all taxes and fees, and go lower with larger orders. Don't keep mining at higher rates, send your miners to northern Canada!

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.

GreatNorthData

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I'm surprised that there is still as much mining in high cost jurisdictions. I was even more surprised to see Bitcoin Shop was building a 10MW facility in North Carolina, where the lowest industrial rates are north of 6 cents/kwh, without taking into account set up, cooling and service. I think the next halving will take care of the last "high cost" mines. Anywhere the temperature is above 30 degrees more than 10 days a year is not optimal for mining.

Don't keep mining at higher rates, send your miners to northern Canada for the lowest cost hosting available!

notlist3d

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Quote from: Bananana on May 11, 2015, 05:20:07 AM

Quote from: Sakarias-Corporation on May 10, 2015, 10:25:48 AM

would you consider 0.08 Cent per kWh cheap nowadays ?

0.08 cent is really cheap compare to the average, but not cheap enough to compete with the giant mining company. Need to be lower then 0.05 cent per kWh.

We should put it in context. There is electricity that is so high it should not be included when comparing mining electricity rate. Lots of Europe, high population US cities, etc. The crazy 20 cent's and up. Some are crazy expensive. But comparing to miners 99.9 percent of miners don't mine in that.

I consider around 13 cents top if you are are a smart miner and do it all right, and sell machines at profit. At .10 I consider this able to mine there is a little margin (summer is harder then winter).

And there are the mega miners, the big companies. They chase the world for cheap electricity I'm guessing a lot are around .05-.06 area. Some even better some worse.

But as far as OP yes .08 is good.

Bananana

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Quote from: Sakarias-Corporation on May 10, 2015, 10:25:48 AM

would you consider 0.08 Cent per kWh cheap nowadays ?

0.08 cent is really cheap compare to the average, but not cheap enough to compete with the giant mining company. Need to be lower then 0.05 cent per kWh.

Amph

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everything under 0.1 is cheap enough nowadays, but a very good cost would be under 0.05 like those china farm, there was a guy that said he was paying only 0.02, almost free electricity

Sakarias-Corporation

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Quote from: Borisz on May 10, 2015, 11:09:31 AM

Quote from: Sakarias-Corporation on May 10, 2015, 10:25:48 AM

would you consider 0.08 Cent per Kw/H cheap nowadays ?

Yes, that is pretty cheap. In Germany for example its around 0.26 €/kWh, though it is considered quite expensive and some other EU countries have a rate of around 0.12-0.14 €/kWh. Still, 8 cents is a pretty good price. Not only for BTC mining, but in general. You can also find plenty of charts online to compare electricity prices around the world.

On that note, I would like to point out that a unit of energy you are paying for is not Kw/H but kWh Wink

("kilo", meaning thousand, is small k, Watts is a capital W, and time in hours is lower case h) I think you were confusing notation with maybe Gh/s or similar. Check out https://en.wikipedia.org/wiki/Kilowatt_hour

hey, thanks

haha yeah most be it

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Quote from: Sakarias-Corporation on May 10, 2015, 10:25:48 AM

would you consider 0.08 Cent per Kw/H cheap nowadays ?

Yes, that is pretty cheap. In Germany for example its around 0.26 €/kWh, though it is considered quite expensive and some other EU countries have a rate of around 0.12-0.14 €/kWh. Still, 8 cents is a pretty good price. Not only for BTC mining, but in general. You can also find plenty of charts online to compare electricity prices around the world.

On that note, I would like to point out that a unit of energy you are paying for is not Kw/H but kWh Wink

("kilo", meaning thousand, is small k, Watts is a capital W, and time in hours is lower case h) I think you were confusing notation with maybe Gh/s or similar. Check out https://en.wikipedia.org/wiki/Kilowatt_hour

Sakarias-Corporation

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Quote from: Xialla on May 10, 2015, 10:59:42 AM

ahh for fun and "geek stuff" it is fine with this electricity rates.) anyway, for anything little bit serious is imho better to buy on exchange. omg, I'm just missing good old times with loud hot room, where everything blinking in different colors and generating BTC:(

Those were some good old times, i used to have a Bunch of S1s (about 20) when they just came out, damn things got hot, but it was wonderful

or back in the days when GPUs were king hehe

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ahh for fun and "geek stuff" it is fine with this electricity rates.) anyway, for anything little bit serious is imho better to buy on exchange. omg, I'm just missing good old times with loud hot room, where everything blinking in different colors and generating BTC:(

Sakarias-Corporation

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Quote from: Xialla on May 10, 2015, 10:33:20 AM

even with cheap electricity like you had I don't think that is good idea to star mining these days. maybe something small just for hobby but nothing for thousands of dollars, risk is to high compared to buy BTC at ~250$ range.

was thinking of buying a bunch of S1s, undervolt them to ~1W per Gh/S or less. mostly for fun hehe, since their so cheap now

Xialla

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even with cheap electricity like you had I don't think that is good idea to star mining these days. maybe something small just for hobby but nothing for thousands of dollars, risk is to high compared to buy BTC at ~250$ range.

Sakarias-Corporation

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Quote from: Xialla on May 10, 2015, 10:28:22 AM

I really hope that you are just trolling.) personally paying almost 4x more. so yes, it is very cheap..

i'm not actually, i've never checked prices, i was lucky a while back and got around 5KW free for a couple of months, and i just realised that i pay 0.08 Cents per KwH so i thought i might start some mining again,

Xialla

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I really hope that you are just trolling.) personally paying almost 4x more. so yes, it is very cheap..

Sakarias-Corporation

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would you consider 0.08 Cent per kWh cheap nowadays ?

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