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Title: Electricity price around the globe. In which part of the world I should mine? Post by: omegaxdr on February 18, 2018, 05:31:48 PM Electricity price around the globe. In which part of the world I should mine? And how easy or difficulty is to send my mining’s rigs there?
I want to create this post to compare around the globe the best places to mine. Please send the information as follow Country: Ecuador Cities: All Cost per KWh ($): 0.04 Commnets: This rate applies only to house electricity, commercial electricity cost is 0.12 per KWh ($) Requirements to send equipment’s there: Find a local who can install and run the mining rigs at their home. Send them via DHL Date of info: 18/feb/2018 Title: Re: Electricity price around the globe. In which part of the world I should mine? Post by: mk4 on February 18, 2018, 05:47:48 PM https://cryptocurrencynews.com/wp-content/uploads/sites/3/2018/02/cheap-bitcoin-mining-e1518812464279.png Source: https://cryptocurrencynews.com/daily-news/cryptocurrency-mining/cheapest-places-mining-bitcoin/ Title: Re: Electricity price around the globe. In which part of the world I should mine? Post by: xhomerx10 on February 18, 2018, 07:02:46 PM Hmmmm... something is off about that chart.
The average price of electricity in Serbia is 6.6 euro per 100kWh Source: balkangreenenergynews.com (https://balkangreenenergynews.com/households-serbia-kosovo-paid-lowest-energy-prices-western-balkans/) 6.6 EUR = 8.2 USD At USD$0.082 per kWh, the cost to mine a Bitcoin with Bitmain's S9 (14TH/s @1375W) assuming you had enough of them to mine one Bitcoin in a day (you would need ~817 of them) would be US $2213 Prices are much lower in Quebec, Canada where residential customers using less than 1000kWh per month pay only CA $0.057 per kWhr plus CA $0.4064 daily fee. If you go over that limit the cost for the extra is CA $0.0892 (for comparison, CA $0.0892 = US $0.07) which means you can produce a Bitcoin for US $1886 (plus the US $0.325 daily or about US $265.5 total assuming you run 1 miner) in Quebec, Canada; cheaper than most locations on the map. US $2125 http://www.hydroquebec.com/residential/customer-space/account-and-billing/understanding-bill/residential-rates/rate-d.html I'm surprised Canadian rates aren't noted in the infographic. |
