Bitcoin Forum

I pay $0.065 US per kwh here in Bangladesh, which I believe is pretty cheap compared with other countries. How much are other people paying?

I know electricity is far more expensive in the Philippines, for example, you can pay $0.274 per kwh in Manila.

where i live you can get it for 0.09 AUD for about 9 hours per day (10pm to 7am) which is an off-peak price.

during the other 15 hours of the day it's 0.22 AUD.

0.13 USD here in the north east USA.

actually i'm wondering, how steady/reliable is the current in Bangladesh? do you need a UPS?

no offence intended, never been there.

Currently paying 0.081/KWH. North East US.


-ST

0.11$ USA, Florida

GBP 0.14784 per kWh inc VAT
= 0.2334  USD

there's a reason its known as rip off britain

It's around $0.1 here in Tunisia. I don't found it reasonable considering that US Per Capita is ten times higher than here. The stability is good in the latest years (5-7 short down times in the last year may be).

We have black outs in many places for like 6 hours at a time. But the voltate is constant (until it dies). I live in an area with fewer problems (the power company people must have families there) and also my building has a generator. I have UPS for the PC, monitor, external HD and also for the internet connection box. We still get power spikes, which can kill equipment.

Electricity at my factory is even cheaper. If BC was a money spinner I'd stash many rigs there. But it seems like that ship has sailed.

Thanks for the feedback everyone.

I think it's the time for those who benefit from low cost power, and low cost of living to benefit from BC mining now.

As the process becomes unprofitable for those who lives in higher cost cities, the competition will slow down. You'll not make loads of money, but a $100/$150 each month is good in many parts of the undeveloped world  :)

In some parts of the world, a person could live on that much. But then buying the rig would take a year's worth of wages, so the initial investment would be very high.

I could pay a $2000 one time fee to hook up a 400-AMPS x 240 Volts usable 24/7.

How much could I make by mining per month?  Would it be worth my trouble??  How much do I need to invest in air conditioning?

If the price if Bitcoin stays steady you will go into debt. I think many of the miners running now recouped their investment when the price was higher but are likely bleeding dollars for BTC to cover power. AC will depend on your climate. If you are in a cool climate and can circulate outside air you do not need much cooling. In warmer climates such as AZ a single rig with two cards can cost up to $50/mo just running the AC. You could do better with more efficient AC, but this is what I calculated mine to be.
Looking to make money on mining this late in the game is foolish. You are much better off buying coins on the market.

I would go into debt even if the electricity is free?  To clarify I would pay $2000 one time for unlimited use (up to 96KWatts) thereafter (or until the power company catches on, haha).  How long would it take me to recuperate the costs?  How much should I invest in A/C vs Mining rigs?  Lets assume I have no outside air flow.

if you are going to have enough mining rigs to justify spending $2000 of a setup fee, your going to need a decent amount of AC
 run t
at least a 15k BTU window air conditioner if you dont have a central air system.

The cards generate a very high amount of heat, especially if you have multiple cards running together in the same rigs and in the same room. I have 10 GPU's for a total of 4 ghash and I use a 12.5 BTU fridgidaire A/C plus multiple fans.

You need to keep those cards cool not just to keep them going (they will crash if they over heat) plus they will die if you run them too hot for too long. Also the fans on the GPU's themselves will die if you run them too high.

I was lucky enough to start mining back when BTC was worth under $1 USD, I paid for my entire mining operation with the minings from one single 5870 (when btc hit $30+ I sold)

If you are looking for an investment you would be better to buy $2000 worth of BTC (or more ) than to invest in Mining.

the price of BTC is surely going to go up from this point.

I still have over $10,000 worth of BTC that I bought when the price was under $1.  I sold a bunch on the way down from $20 to $10. I haven't done too badly on that front.  But since I've sold a lot over the months I'd like to start mining to renew the BTC I sell if it can be cost feasible.

Haha, rip off Britain. Try 0.33$ per kwh over here in Germany.‚

$0.09 CAD here.

Though that's looking to go up in the near future.

0.0950 per kWh where I am.

$0.30/kWh, In California :( almost impossible :( I am currently working on a solar station to make it mine about 5 hours per day, when the deep cycles batteries have enough charge. Mining on standard electricity from Southern California Edison, does not work for BTC :(

$.079 Russia, but we must pay additional bill. Usually +50% sometimes +100%.

Despite having access to ~1KW free electricity¹, I'd have to pay 0.22EUR/kWh here in Berlin/Germany.

¹ .. community-paid

It's about 0,15-0,20$ in Sweden

Currently I am paying $0.0985 KW (New Brunswick, Canada).  Soon to go up :(

It's 0.30$ per KW in Czech Republic. It's not profitable - luckily I have my GPUs inserted in my employer PCs :) - so my electricity expenses are zero.

LoL i fear i live in the most insane country for electricity on the planet, germany is not far and i agree they pay a big price as well
But even though the actuall cost in my country is 0.44 eurocents /Kwh i live in the netherlands
Which is by far the most expenssive now somw will think the dutch are rich .... guess again i have to live from 40 euro a week cause the rest is eaten by governement taxes, the house and all kinda insurances like 320 euro health insurance and that while i have to pay my pills myself costing me another 55 euro a month

Anyone thinkin about getting solar panals? lol

Solar panels look to me a good investment but even this can not be done in my situation
Since in the local governement agreement is a rule that you may not install these without permission of them and they do not allow antenna's or solar panels which would need placement on roofs or garden in plain sight .... since that is impossible to dodge you can not get any of either a antenna for tv/radio ( they own a huge share in the biggest and only cable company)
or find any solar panels who can hide themselfs for the other people around us

I don't have to pay electricity ;D . One of the pluses of living in an apartment.

$0.10 - $0.12 in New York

Same here.Before I had an apartment,I was paying £0.26 per kWh for electricity (I guess this is $0.4 per kWh in USD).Now its free once I got the apartment.

$0.09 kw/h, central ohio.

TEP Rates (Tucson, AZ)

Summer rates: $0.046925 for first 500kWh, then $0.068960 for the next 3000kWh, then $0.088960 for the rest.

Winter rates: $0.047309 for first 500kWh, then $0.067309for the next 3000kWh, then $0.087309 for the rest.

I have a sneaking suspici0n many 0f y0u in the US giving sub $.1/kWh prices are giving the price-t0-c0mpare number, which is generally r0ughly half the rate y0u actually pay if y0u take t0tal price divided by kWh. Price-t0-c0mpare is m0re-0r-less what y0u'd pay with0ut an asinine g0vernment "helping" by f0rcing utilities t0 fund silly pr0grams, meet arbitrary regulati0ns, and pay g0v't fees.

fwiw, where I temp0rarily am in s0uthern MI, my actual kWH price c0mes t0 $.118/kWh

I think a lot of people here dont even know how to read the bill properly

you cant just take the actual electric rate you have to add all the delivery charges, taxes and fees and then you get your actual rate


the actual electricity it self is very cheap, its the delivery charges and other fees are much higher

$0.10 kw/h split between roommates  ;D and a $120 dollar allowance before we have to pay

Read the thread, idiot.

Also, Kluge:  Is your "O" key broken?  Why are you typing like that?  I don't like it.

Yes. - And "l" [in clipb0ard], # after 8. Keyb0ard 0n this lapt0p is glued shut f0r s0me reas0n, t00.

Good idea to also count the delivery costs and other taxes like that and not only the /KwH price !

around $0.2 here in ukraine. Very expensive !

$0.10 per KWH after all the non-sense taxes.

My rate includes delivery, fees, and taxes (except a $9.95 monthly connection fee which isn't consumption based).

But he is the simple version.

December 2760 kwh
Total bil $256.56

$256.56 / 2760 = $0.092956522

That is one of the cheapest rates I have seen !!! Where is that ? Next to a hydro dam, I presume ?

yeah seriously I would really like to hear how you get such cheap rates as well! :)

Indeed, those rates are quite impressive. Maybe he lives next to a power plant or works for them :P

For this past month, I calculated $0.096 per KWH. That includes EVERYTHING. Customer charge, tax, delivery, etc.

It isn't that cheap.  The average in the US is $0.105 per kWh thus half of Americans pay less than 10 cents.

Power company is dominion power (VA).  I know dominion offers a lower rate on consumption over 800 kWh (in winter) so that bring down the average.  We also have a nuclear power plant about 80 miles away so I am sure that contributes to it but 9.2 cents vs national average of 10 cents isn't significantly cheaper.

LOL. I need to move to the US as soon as possible.

Here in Scotland we get ripped off about 0.25 pounds for a kilowatt hour.

No wonder mining is not profitable for me :P

yeah I dont know why it seemed so cheap to me at first, your right it isnt that much less, your using about 1000 kilowatt hours a month less than me also :P

Scroot's flanger did seem to come off well.

6-pack/month - miner is in a friend's dorm room, i pay in beer...

Sydney Australia

regulated power rates are AUD (close enough to parity with USD)
3 month billing (88-92 days)
$0.4800 per day deliver called an SAC +10% GST
1st 1755kWh per 3 months @ $0.206 per kWh +10% GST
over 1755kWh per 3 months @ $0.291 per kWh +10% GST

Anyone an negotiate a 5% or 10% reduction by going on a contract.

Dodo is offering around $0.23 per kWh +10% GST

prices will rise around 9% on 1 July 2012 and at least that amount every year for the next 3 years.

Plus we now have a new carbon tax - not sure of the price effect on that.

We have the world's largest supply of coal for electricity generation. We export it to China. But we seem to have hugely expensive consumer electricity prices despite using coal locally.

I thought you weren't able to connect anything but hot water systems to Off peak power? That doesn't make sense as EV's should recharge then, but that's what I'd heard.

The important thing is to use FPGA, all electricity prices will go up since it's a free market. So it doesn't matter if you live in a country with lots of hydro like me (Sweden has 50% hydro) our corporations will just sell to Germans for a lot of money when peakoil hits.

awesome!!!! :)

Well, rest assured we are fine till "peak oil hits" !

FPGA is a long way off being as good in terms of $/mhash compared to GPUs.

About 12 cents here in Brazil.

But downtimes are also happening and it isn't always on connection.

your right but it is far more profitable and will be much more soon when blocks get cut to 25 coins per

an FPGA miner can give 380Mhash and only use 20 watt, well thats profit baby

you not get the highest speeds but your not using any electricity hardly at all

10 x FPGA miners is = 1 x 5870


so if you had 10 x FPGA @ 380mhash your getting 3.8 Ghash for the same electrical cost as running a 440Mhash GPU

The size of the block reward changing doesn't make FPGA better or worse.  Sure it may cut revenue (but really only price * block size / difficulty matters) but that affects the ROI% of both products equally.

For miners w/ high electrical cost (say >$0.25) FPGA is the only thing that makes sense.   In time as the network gets more and more efficient that line will drop lower and lower but the block reward getting cut in half doesn't change the economics at all.  The main advantage of FPGA is it levels the playing field as electrical cost is less of a factor in total operating cost.   It also creates a very low floor.

(@ 1.25M difficulty, 50 coins per block, $0.10 per kWh)
5970 (on very efficient rig ) ~ 2.6MH/W.  electrical cost per coin = $1.15
ztex FPGA ~22 MH/W.  electrical cost per coin = $0.14

At current conditions if the price fell below $1.15 I would need to stop mining but w/ a ztex GPU I could mine even if price fell to $0.14.

I live in Montreal, Quebec.

My price per kWh is somewhere between $ 0.05 and 0.08 CAD, depending on season.

Ok so averaging my rate for the past two years of billing comes to $0.114335

I mine in my college dorm room, so basically free power and internet. The heat is not that bad, I expected worse and is not as bad as when I had a Dell Poweredge running in the room.

Amsterdam, The Netherlands, >$0,30

I'm using fpga's now and I like the idea that I make "green" bitcoins :)

.10 for the electricity and another .07 in various fees.  Upper midwest USA. 

Wow, you guys are getting cheap electricity, in England I am currently playing £0.17 / KwH during the day and £0.095 / KwH during the night. Thats almost $0.30 / KwH USD during the day :-O.

$0.067/off peak  and $0.096/peak  in Western Canada.

I have free electricity but if I use too much they might come asking questions :P

0,18 €/Kwh in Spain. (~0.23 $/Kwh)

I'm selling my 5850's and moving to FPGA's because the power company is "earning" more money than me.

thats smart, I plan to do the same thing when the blocks turn into 25 coin blocks

Here in Montana USA price is about 9.958 cents per KWH.

It's 11.1 cents per kWh here, but I don't mine. At 0.5 MH/s on my Pentium 4 I can't even get a share. :-[

0.11  Maryland ,   However i am thinking of reducing that with some renewable options 

I pay .095c, but there are cheaper options available  (I believe the lowest is ~.075c), although I  suspect they're less reliable (subject to brownouts etc)...  

But if I had a large setup using tons of electricity, there'd be those discounts for high use...  like over 5000kwh would be 8c with my current provider.

ed: (northeast texas, and "Bounce Energy" is 6.9c)    http://www.electricitybid.com/counties/henderson.php

http://en.wikipedia.org/wiki/Electricity_pricing (http://en.wikipedia.org/wiki/Electricity_pricing)