Bitcoin Forum

Hi BTC miners,
Did you think how much dollars you are paying for mining as electricity cost?

In our country electricity cost is very cheap. If you are able to setup a mining factory in our country you will be benefited.

I'm here to support you.

Thanks

so what is your proposal?

Setup your mining rig in my country

What country. It's the USA then LOL

Oh look, Another person who thinks we will ship him our hardware so he can run it for us with less power costs.
http://twilight.ponychan.net/chan/files/src/134026827879.png

The electricity rates in my location vary vetween 3.6¢/kwh and 1.7¢/kwh.
Northeast USA

www.bitcoinx.com has a useful cost/profit calculator.

You can reduce your electricity costs by underclocking the memory Mhz on your graphics cards.

Woah, Nice rates, I pay $0.08CAD/kwh
Western Canada, British Columbia

http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison

Seems like Russia or Bhutan are the places to set up shop.

http://databhutan.com/contactus.html


Anyone fancy going halves on a server cabinet with me??  :P

i'd rather run an extension cord over from the neighbours and pay 0¢/kwh  :D

I would do the same LOL

Europe is so annoying. The electricity costs about 20 to 28 Euro Cent. This makes mining difficult.

The electricity is free if you normally have to run your heater to keep you warm. Instead of using electricity to run a heater that does nothing but produce heat, you can use it to compute hashes and produce heat as a side-effect. It's the same electricity-to-heat conversion rate (eg, 600W of power turns into 600W of heat).

What state?  I'm in Rhode Island and pay about $0.15/kwh and assumed that most of the northeast was about the same.

Shocking. I don't even see how it's viable.. electrical costs here are about $0.04 per kwh (western USA). I can't imagine the kind of electricity bills you guys get out there.

Thanks for sending us Al Gore and his Global Warming tax propaganda, our governments fell for it hook line and sinker!

CO2 is the air you breath out, to tax Carbon Dioxide, is to tax breathing!

Damn right...

For those of us that rent our living spaces, look at renting an efficiency apartment. These are typically inclusive of all the utilities including electric service. I pay $750 rent but my phone, electric and cable are all included in that price. This allows the costs of electric for mining rigs to be removed from the equation.

NOTE: It would be a good idea to make sure that your rental agreement does not limit usage!

I would suggest moving into an apartment that doesn't charge you for electricity! If this is too drastic you could attempt to run it on solar power, (unlikely.) Or you could use battery power, (rigging it to a car battery would yield interesting results.)

You still need to replenish the power in a battery somehow, such as with a gasoline engine. Gasoline has about 33kWh of energy per gallon, and in my area gasoline is selling for about $3.80 per gallon, which works out to about $0.115 per kWh. But engines, alternators, and batteries are not 100% efficient so the actual cost is probably 20% or more higher than that.

I have my GPU underclocked just a bit and also undervolted a bunch.