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Bitcoin => Mining => Topic started by: Jered Kenna (TradeHill) on March 11, 2011, 12:07:16 PM



Title: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 12:07:16 PM
Searched and couldn't find this. I want to compare electricity rates around the world or US and if possible what your energy comes from.
Where I'm at there are other plans available and if I go big enough it might be dirt cheap but as of now it's horrible.
If there is already something similar then I apologize.


StoneTZ: $ .25 USD / Kw - Chile - Guessing my power is from oil or coal. :(
DSG: Around 0.1USD/kWh Iceland from geothermal and hydroelectric sources
Littleshop: .11USD/kwh
Dude: .10/kWh could be from hydro electric or coal.
Jkminkov: $0,126/$0,084(night rate) and rising 5% every year
Egypt: .03kw/hour


Title: Re: Your electricity costs?
Post by: touristas on March 11, 2011, 12:44:33 PM
I suppose it should be from oil like most power stations at the moment.
And prices are only gonna go up as oil wells are drying up faster by the year(or day  ??? )

If you have some money on the side (5000-8000 US $) the best  to do is set up solarpanels with battarys (if you have sun like me) and power up your rigs for free  ;D :D



Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 01:05:00 PM
yeah I was looking in to wind. Where I'm at solar might not work all year and I live on the coast so we've got a lot of fog / clouds.
If the power is free (being paid off) then I just have to worry about paying off hardware and that seems more reasonable.


I'm just thinking 5kw worth of off the grid power gen is going to cost me a lot of money. If anyone has  a good idea about the cheapest / best way to do it let me know  ;D

I'm going to continue to research it and see what I can do.


Title: Re: Your electricity costs?
Post by: dsg on March 11, 2011, 01:08:08 PM
Around 0.1USD/kWh from geothermal and hydroelectric sources. :)

Actually Iceland would be a good place for a large-scale mining operation, as you can get electricity quite a bit cheaper if you're a company buying in bulk (especially off-hours).


Title: Re: Your electricity costs?
Post by: touristas on March 11, 2011, 01:39:31 PM
I know the @#$% things cost enough.

I know for sure you can add up kw to the free electric system in time.
Start out small and build up as time goes by if all go good.

Im researching for a 5kw system for my house.I can go up to 20 but it is very expensive in my country around 80000euro for the 20kw


Title: Re: Your electricity costs?
Post by: Littleshop on March 11, 2011, 03:02:20 PM
About 11 cents per kilowatt hour here.  Right now as we are still in heating mode, part of the price (about 1/3) of the power goes towards reducing heating costs.  When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling. 


Title: Re: Your electricity costs?
Post by: Grinder on March 11, 2011, 03:50:18 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 03:54:16 PM
I know the @#$% things cost enough.

I know for sure you can add up kw to the free electric system in time.
Start out small and build up as time goes by if all go good.

Im researching for a 5kw system for my house.I can go up to 20 but it is very expensive in my country around 80000euro for the 20kw


Wind looks like it's really involved and solar seems so low.
I'd like to be off the grid for a lot of other reasons too but the initial investment is huge.

I look at it like this I could drop 20k USD and get I don't know lets say 4kw to 10kw of power

or

20k in hardware = 30+ 5970's chomping away and that's a shit ton of hashing.
The return on investment for alternative energy at this point is slow as hell.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 03:55:42 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.

But does 1kw of computing = 1kw of heat? Some of the energy is used up internally right?


Title: Re: Your electricity costs?
Post by: Dude65535 on March 11, 2011, 04:47:42 PM
All the energy has to end up in the form of mechanical, chemical or thermal energy, or light. So any part of that energy that does not end up as light going out a window eventually ends up as heat in your house.

Edit: My power is .10/kWh could be from hydro electric or coal.


Title: Re: Your electricity costs?
Post by: xenon481 on March 11, 2011, 05:06:21 PM
All the energy has to end up in the form of mechanical, chemical or thermal energy, or light. So any part of that energy that does not end up as light going out a window eventually ends up as heat in your house.

Edit: My power is .10/kWh could be from hydro electric or coal.

It should be noted that "light" encompasses not just visible light, but also infrared, radio, etc and could possibly escape the house even without a window. But with FCC compliant computing hardware and cases, the amount of this electromagnetic radiation that escapes is negligible. As such, you can assume for general calculations that 1W of electricity used ends up eventually as 1W of heat introduced into the house.


Title: Re: Your electricity costs?
Post by: jkminkov on March 11, 2011, 05:09:56 PM
domestic tariffs are $0,126/$0,084(night rate) and rising 5% every year

edit: bulgaria


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 05:31:44 PM
domestic tariffs are $0,126/$0,084(night rate) and rising 5% every year

Which country is that?


Title: Re: Your electricity costs?
Post by: Littleshop on March 11, 2011, 05:35:48 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.

Wow.  Worse then I thought.  I may need to move to liquid cooling to take heat outside. 


Title: Re: Your electricity costs?
Post by: xenon481 on March 11, 2011, 05:44:14 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.

Wow.  Worse then I thought.  I may need to move to liquid cooling to take heat outside. 

Your liquid cooling system's radiator is still going to dump all of that heat into the house unless you have long pipes leading to a radiator outside of your house.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 05:48:17 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.

Wow.  Worse then I thought.  I may need to move to liquid cooling to take heat outside. 

Your liquid cooling system's radiator is still going to dump all of that heat into the house unless you have long pipes leading to a radiator outside of your house.

I was thinking about a giant manifold system to run to a few radiators outside. I'm just not sure how well it would work.
The other thing is the cost involved. Waterblocks are going to run you about 80USD give or take (probably more) then all the fittings / hose / radiators etc.
I think if you did one or two big loops and ran it externally it could work though. If you add 100usd to each card averaged out it could get expensive. Interesting to see what the gains for the OC would look like and if they'd justify it.


Title: Re: Your electricity costs?
Post by: Littleshop on March 11, 2011, 07:38:19 PM
When the summer comes around it is much worse as nearly 100% (actually I am not sure of this number, can anyone help???) of the cost of electricity also increases the cost of cooling.
If you mean using air conditioning to remove heat that makes it a lot more expensive. A residential AC cooled by outside air wastes about 40% of the input energy, so you need about 1.67 Watts for the AC to remove 1 W of heat from the miner. That means the total electricity cost for mining will be 167% higher.

Wow.  Worse then I thought.  I may need to move to liquid cooling to take heat outside. 

Your liquid cooling system's radiator is still going to dump all of that heat into the house unless you have long pipes leading to a radiator outside of your house.
That is why I said 'take the heat outside.'   :)

I would use liquid cooling and put the radiator outside of the air conditioned space. 


Title: Re: Your electricity costs?
Post by: os008 on March 11, 2011, 08:42:47 PM
.03$/KW here in Egypt; it's tiered by the way.


Title: Re: Your electricity costs?
Post by: theGECK on March 11, 2011, 09:02:08 PM
Electricity costs here are $.09/kwh in the winter and $.14/kwh in the summer.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 09:05:13 PM
.03$/KW here in Egypt; it's tiered by the way.

Tiered how? Buy more gets cheaper or more expensive?


Title: Re: Your electricity costs?
Post by: Stephen Gornick on March 11, 2011, 09:55:05 PM
I want to compare electricity rates around the world or US and if possible what your energy comes from.
 Some links from:
  http://www.bitcoinminer.com/post/2361900289 (http://www.bitcoinminer.com/post/2361900289)

  http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison (http://en.wikipedia.org/wiki/Electricity_pricing#Global_electricity_price_comparison)
  http://www.eia.doe.gov/cneaf/electricity/epm/table5_3.html (http://www.eia.doe.gov/cneaf/electricity/epm/table5_3.html)
  http://www.eia.doe.gov/cneaf/electricity/epm/table5_6_a.html (http://www.eia.doe.gov/cneaf/electricity/epm/table5_6_a.html)

  http://www.energy.eu/#Domestic (http://www.energy.eu/#Domestic)
  http://www.energy.eu/#Industrial (http://www.energy.eu/#Industrial)

There are other concerns:
  In some situations, the rate varies based on time-of-day peak periods:
  http://www.bitcoinminer.com/post/2858427974 (http://www.bitcoinminer.com/post/2858427974)

  And for others, there marginal rate is significantly higher than the average rate.
  (i.e., the electricity for a miner is added consumption, so the each additional kWh for mining starts at the highest rate)
  For example:
  http://coloradoindependent.com/78499 (http://coloradoindependent.com/78499)

  
Quote
Currently customers pay 4.6 cents per kwh for the first 500 kwh and then 9 cents for each additional kWh during the summer.
 
Quote
About 70 percent of households use 800 kilowatt hours or less [per monthly billing cycle].

  For reference, a miner running dual HD 5970s consumes more than 500 kWh per month, so the typical household in the example above will, with this miner, pay the higher rate for each kWh consumed by it.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 11, 2011, 10:11:18 PM
Thanks for the link, somehow I didn't see it when I searched and then relocated it after this thread was already rolling.
I'm guessing I'm not the only one or one of the first few would have done what you did =)

Thanks though that's a hell of a lot more than I would have been able to compile.


Title: Re: Your electricity costs?
Post by: os008 on March 11, 2011, 10:42:04 PM
Tiered how? Buy more gets cheaper or more expensive?
Buy 1 get 2 for free.


Title: Re: Your electricity costs?
Post by: JohnDoe on March 11, 2011, 11:04:01 PM
StoneTZ: $ .25 USD / Kw - Chile - Guessing my power is from oil or coal. :(

Hydroelectric actually. They are saying there will be a drought this year too so it's likely to rise even more. Also the tree huggers won't let us build any more dams and though there's talks of constructing nuclear plants, we won't be getting one for many years to come.


Title: Re: Your electricity costs?
Post by: os008 on March 12, 2011, 01:47:02 AM
Tiered how? Buy more gets cheaper or more expensive?
Was kidding with you man; it becomes more expensive per KW, the more electricity used.


Title: Re: Your electricity costs?
Post by: bitjet on March 12, 2011, 02:09:52 AM
New England USA .14kwh


Title: Re: Your electricity costs?
Post by: Dr. Arnold on March 12, 2011, 02:35:40 AM
6.38¢ /kWh here is Manitoba, Canada  :D


Title: Re: Your electricity costs?
Post by: Littleshop on March 12, 2011, 02:55:41 AM
6.38¢ /kWh here is Manitoba, Canada  :D
Wow, cheap electricity and less need for room cooling!


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 12, 2011, 03:31:26 AM
StoneTZ: $ .25 USD / Kw - Chile - Guessing my power is from oil or coal. :(

Hydroelectric actually. They are saying there will be a drought this year too so it's likely to rise even more. Also the tree huggers won't let us build any more dams and though there's talks of constructing nuclear plants, we won't be getting one for many years to come.

My girlfriend told me it's probably hydroelectric. All I know is there's a giant oil refinery a few miles from my house =) came to mind when I was thinking where I get my power. I'm going to research it now. I know there's a group promoting wind and I saw where they tried (failed) geothermal up in Northern Chile.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 12, 2011, 03:34:47 AM
Tiered how? Buy more gets cheaper or more expensive?
Was kidding with you man; it becomes more expensive per KW, the more electricity used.

Haha yeah guessed so, kind of goes against the "save by buying in bulk" marketing plan but I guess it's more of the "got you buy the balls so pay what we want but we won't overcharge the average consumer so there's a revolt" plan. Makes sense.


Title: Re: Your electricity costs?
Post by: Syke on March 12, 2011, 05:07:54 AM
You all have cheap electricity!

$.40/kwh here in California.


Title: Re: Your electricity costs?
Post by: Jered Kenna (TradeHill) on March 12, 2011, 01:08:00 PM
You all have cheap electricity!

$.40/kwh here in California.

Ouch that's rough, can almost run a diesel generator for that.
It's California though not going to pretend to be that surprised.


Title: Re: Your electricity costs?
Post by: grue on March 14, 2011, 03:26:45 PM
Canada's awesome! $0.10 peak, $0.06 off peak. 8)


Title: Re: Your electricity costs?
Post by: Littleshop on March 14, 2011, 04:12:45 PM
You all have cheap electricity!

$.40/kwh here in California.

Ouch that's rough, can almost run a diesel generator for that.
It's California though not going to pretend to be that surprised.
And you could run a natural gas generator for less then that.  In CA, with the subsidies, solar makes a lot of sense.


Title: Re: Your electricity costs?
Post by: yomi on March 14, 2011, 05:53:52 PM
I just checked my last invoice and my cost is 0.132162 EUR/kWh (about 0.18 USD), plus 18% VAT that would be 0.15595116 EUR/kWh (about 0.22 USD).

I am in southern Spain.


Title: Re: Your electricity costs?
Post by: [Tycho] on March 14, 2011, 10:41:00 PM
We have many different prices in different regions of Russia. It's cheaper if there is hydroelectric plant nearby or if house has electric oven istalled.
In Moscow, price for buildings without natural gas supply is $0.08 normal, $0.095 peak and $0.02 off-peak (8 hours per day are off-peak), that's ~$0.065 if running something 24/7.

Cost of energy production directly at hydroelectic plant is about $0.0014


Title: Re: Your electricity costs?
Post by: Beremat on March 14, 2011, 11:11:49 PM
Comes out to around $0.32 here in NYC with taxes.


Title: Re: Your electricity costs?
Post by: Distribution on March 15, 2011, 12:22:12 AM
According to my bill it's .116290 USD per KWH. That's in Florida.


Title: Re: Your electricity costs?
Post by: Peao on April 04, 2011, 04:55:45 PM
Brazil:

$ 0,2844 per KWh. Without taxes, it would be 0,1863.

Im shocked as I discovered how high is the cost of eletricity in here... And even more shocked because hydroeletric gen is our main source - 74%.



Title: Re: Your electricity costs?
Post by: deadlizard on April 04, 2011, 05:04:12 PM
From memory
$0.183 on peak
$0.03 off peak  ;D

and I live with my grandmother so there are pensioner concessions on the final bill but these are the numbers I'm working with


Title: Re: Your electricity costs?
Post by: Alexium on April 04, 2011, 05:17:23 PM
Ukraine. As far as I know, currently electricity costs $0.035/kW*h. Plans are to increase it up to $0.084 over time. That's if your house is connected to a gas pipeline. If you have to use electricity to cook food and boil water, prices are like 3 times lower.

49% of electricity production is from nuclear power plants, the rest is mostly coal, I would guess (not sure about that, though).


Title: Re: Your electricity costs?
Post by: MoonShadow on April 04, 2011, 06:21:22 PM
Ukraine. As far as I know, currently electricity costs $0.035/kW*h. Plans are to increase it up to $0.084 over time. That's if your house is connected to a gas pipeline. If you have to use electricity to cook food and boil water, prices are like 3 times lower.

Bitcoin miner hosting opprotunities.


Title: Re: Your electricity costs?
Post by: Alexium on April 04, 2011, 07:12:49 PM
Bitcoin miner hosting opprotunities.
Oh yes! You're right. In fact, I was really considering creating some kind of "computing farm".


Title: Re: Your electricity costs?
Post by: Adeq on April 04, 2011, 08:16:35 PM
In my country: ~0.18$/kWh (avg., including all fees)


Title: Re: Your electricity costs?
Post by: MoonShadow on April 04, 2011, 08:31:49 PM
Bitcoin miner hosting opprotunities.
Oh yes! You're right. In fact, I was really considering creating some kind of "computing farm".

Hmm, Would you have space, and electric heating needs, to accomodate a server rack?  If you could afford to build such a system, you would have already done so; but there might be major mining groups on this forum willing to partner.


Title: Re: Your electricity costs?
Post by: Alexium on April 04, 2011, 08:59:23 PM
If you could afford to build such a system, you would have already done so
For one, it is only yesterday that I have found out about Bitcoin project.
And I also have yet to perform more precise calculation regarding payback period. Building such a system requires considerable amount of investment, and since my current financial status is not very strong nor perspective, I'd like to have that money back.
Honestly, I wasn't thinking server rack, I thought usual PC case (several of them), or better yet - a testbench.

BTW, guys, how soon would you expect a top-class GPU card working 24/7 to die?


Title: Re: Your electricity costs?
Post by: grbgout on April 04, 2011, 09:51:47 PM
Average (U.S.) Retail Price of Electricity to Ultimate Customers by End-Use Sector, by State, Year-to-Date through December 2010 and 2009 (http://www.eia.doe.gov/cneaf/electricity/epm/table5_6_b.html) (U.S. Energy Information Administration)

Thanks to compro01 on #bitcoin-discussion for the link.

Cost per kWh (in USD) = 18.56/100
GPU Wh1,2,3 = 69
Electricity cost per day = (cost per kWh * GPU Wh * 24)/1000
BTC per Day4 = 0.314614404004
USD per BTC5 = 0.70
USD per Day = BpD * UpB

Actual USD per Day = UpD - ECpD

Therefore, I lose (roughly) $0.09 per day mining.  Yay excuse to buy a new GPU! ;D

For those of you interested in solar: How [some guy] built an electricity producing (60W) Solar Panel (http://www.mdpub.com/SolarPanel/).  I am not affiliated in any way; arm your ad-blockers, btw.  Additionally, there's an entire category dedicated to the subject at instructables (http://www.instructables.com/id/Solar-Panels-for-Your-Home/).

  • Mining Hardware Comparison (https://en.bitcoin.it/wiki/Mining_hardware_comparison)
  • nVidia GeForce GT 240 (http://www.nvidia.com/object/product_geforce_gt_240_us.html)
  • The computer would be on 24/7, whether or not I were mining.
  • Via gribble's bc,gen "at 21576 Khps, given current difficulty of 68978.89245792...."
  • btcexUSD via bitcoincharts (http://bitcoincharts.com/markets/).


Title: Re: Your electricity costs?
Post by: jkminkov on April 05, 2011, 12:10:47 PM
did you plug that GPU in AC socket?

if no, add 150 to 250W, because that is what rest of your computer consumes along with those 69W


Title: Re: Your electricity costs?
Post by: grbgout on April 05, 2011, 12:20:33 PM
did you plug that GPU in AC socket?

if no, add 150 to 250W, because that is what rest of your computer consumes along with those 69W

3. The computer would be on 24/7, whether or not I were mining.

Incidentally, I finally found last month's bill, and the rate is only $0.092075 per kWh: quite different than what's listed for my state. So check your bills! See below (http://bitcointalk.org/index.php?topic=4371.msg79611#msg79611).


Title: Re: Your electricity costs?
Post by: grbgout on April 05, 2011, 03:10:48 PM
Incidentally, I finally found last month's bill, and the rate is only $0.092075 per kWh: quite different than what's listed for my state. So check your bills!

Scratch that.  I read the bill in haste before posting, and didn't realize there are actually four distinct charges based on kWh usage, each with a unique rate per kWh.

Supply @7.3838c/kWh, Delivery @9.2075c/kWh, SBC/RPS @0.4108c/kWh, Temporary  Surcharge @0.4668c/kWh, which more closely resembles the amount from the table.


Title: Re: Your electricity costs?
Post by: freeqaz on April 05, 2011, 09:54:57 PM
I live on Kauai. Electricity here is 38.9c/kWh or $0.389/kWh. It sucks.
I can't wait to move to San Fran, where power is only $0.22/kWh


Title: Re: Your electricity costs?
Post by: ctoon6 on April 06, 2011, 07:59:57 AM
ameron in missouri, 6.87 cents per kWh for 1st 750kwh and 4.61 cents per kwh after 750kwh for the winter

9.67 cents in summer, this excludes taxes and such


Title: Re: Your electricity costs?
Post by: jamesg on July 30, 2011, 01:13:53 AM
7.585 cents per kwh in FL. I'm on commercial power so I have a larger customer charge ($30 instead of $10) and I pay a demand charge. The demand change is based off of my highest usage in a 15 minute window. Residential and Small Business pay 11 cents a kwh for the first 1000 and then 13 cents for everything over.


Title: Re: Your electricity costs?
Post by: techwtf on July 30, 2011, 04:55:17 AM
$0.0838 per kWh.


Title: Re: Your electricity costs?
Post by: Smalleyster on July 30, 2011, 05:01:45 AM
Here in Tallahassee one pays either 13 cents or 15 cents depending on which side of the line you are on. Miami is paying 12 cents. Costa Rica up to about a year ago was 13 cents.

Solar has finally grown up and can be amortized out to 12cents.

Wind sucks because of the mechanical issues of someone having to maintain a machine which would just love to cut you in half.

I'm hoping to fully solarize a miner farm within a few years.


Title: Re: Your electricity costs?
Post by: Zodiac1233 on July 30, 2011, 05:50:46 AM
~$0.06/$0.09 (Monthly Kwh over a certain value charged at higher tier)