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i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

I think you would need to standardise on a conversion currency, say $

Hi,

Which country has the cheapest electricity and how much is costs?

i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

I would prefer to answer from your own experience. I for example in Poland, pay 0,42 zł city continued price increases to 0.60 zł MIn i was paid 0,35 zł. (zloty) :)

.09$/kWh

Hi,

Which country has the cheapest electricity and how much is costs?

Iceland is the cheapest, if you have the capital to build a geothermal then you can sell any excess electricity. Good investment..

France has cheap prices. Some countries have free electricity, maybe Iran?

Hi,

Which country has the cheapest electricity and how much is costs?

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

I think the best choice for now is : iceland , but also some country in Asia are good.

Tomorrow it could be $0.03, because RUR is falling down very fast :)

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

Why people keep mentioning china? I though china is like USD 0.15 per KWH or something?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

I wonder if they are still providing free services.

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

Turkmenistan is closed and happy country :)
It has enough resource to distribute them for free (but not unlimited! there are some limits for every citizen).

So, from 1993 and until May 2014 every car owner could use 120 liters of free gazoline every month. It's not a big problem, the price for 1 liter now is $0.16, before 2008 it was $0.02.

Consuming of electricity is also limited by 35 kw per family member in month. If you need more, you'll pay $3,23 for 1000 kwh. So, the average family of 5 members in Turkmenistan pays for electricity about $12-14... in year :)

THats crazy, I guess I need to relocate myself. What do you mean by its closed?

Interesting price ,  but what is the name of this nation ? Maybe is it in Asia ?

Electricity in the Philippins is 0.22 USD per KWH if under 1000 KWh per month, if you use over 1000 KWh per month your rate is 0.28 USD per KWh. if you rent a place then the electricity can be up to 0.38 USD per KWh because landlords add 2 to 4 pesos per KWh for the electric. Very high just about non profitable to run miners right now. We turn our farm on for about 6 hours a day only. The electricity combined with the fact Philippines has the worst internet in the world with Shared internet makes mining in the Philippines almost inmpossible. We are looking into solar power right now to eliminate all power costs and brownouts (Blackouts) they have here. The internet is just FUTILE :(

Not frienly for travelers. Closed from outside information. Free access to Internet appeared only with new president. High speed  Internet is expencive.  Access to YouTube, Facebook, Twitter is forbiden.

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Nope and UK England is just as bad than Germany. current prices depending on who you are with are about £0.10 to £0.35 and a standing charge of £0.25 to £0.30 per day. Prices here are getting to be a joke then adding VAT on top of prices hikes to around £0.17 ish per unit for Electricity. While Gas being around £0.03 to £0.05 per unit.

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

"Renewable" energy like windmill cost more than other sources.

Nuclear is very cheap.

about $.22/kwh in Philippines :))

Mine about $ 0.1/ kwh in indonesia

[...] Who does/where can I find that?

Call your local power company?

Hey...here in croatia is getting low because new gouverment is here :)

I am just new to mining and bitcoin and just working it out if is good or bad investment . But I live in Algeria and price of electricity is :0,017 euro for the first 128 kwh then 0,038 euro after :) which is about 0.04 usd .

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

energy free? i doubt

Is mining even profitable, even if you have free electricity ?

Well the cheapest is definitely not in Europe. Perhaps South America somewhere, Ecuador?

I would say somewhere more cheaper in Asia. However Europe having a lot of natural resources should make it the cheapest.
Surprised that its not.

Hi,

Which country has the cheapest electricity and how much is costs?

I think you would need to standardise on a conversion currency, say $

Mongolia.  It is free there.   :o

probably china or something near there, also i heard that in russia they still are able to use the old magnetic trick to have free energy lol

From what i can see from replies , Here in Sudan we have the most cheap industrial power , only 2 cents per Kw for industrial area.

Cheap electricity if you have a bike producing electricity : http://cdn.instructables.com/FWZ/FZZA/GBVJBTAK/FWZFZZAGBVJBTAK.MEDIUM.jpg

The prices seem indeed to be pretty low:

http://www.rcreee.org/sites/default/files/rs_latest_-electricity_-prices_schemes_in_rcreee_-ms_6-2013_en.pdf

How is electricity produced there? And sorry if I don't know a lot about your country, but I guess that the climate also requires some cooling. So if you consider this, how much would the price per kW be?

based on my Knowledge
most of the mining farm in china pay the electricity according around 0.07-0.08$ per kwh including bitmain's farm

Wow, really? i thought it would be sub 0.05 for sure.

not that cheap if the provider is legal

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

That would explain why I often get UK members renting my rigs! Sucks bro :/ get some self-generated renewable energy sources :D

Yeah its not cheap in UK anymore use to cost me about £10 to £15 per day to run my miners but it was worth it when first got miners now tho id be minus figures unless theris profitable sha coins to use and right now theris none worth while mining on

2.4 cents per kilowatthour in Chelan, Washington is the best in the USA.   (.024 usd)
...and yes, datafarms are cookin' there.

I pay canadian 7 cents.

In bulk we can get it down to 5 or even lower

I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?

It will, because you'll be getting free power from the sun, duh! :D

What you should calculate is the ROI and to do it you have to first take your power bill and write down the electricity you're using every month and its cost.
Next pick the right amount of panels (with the right output) and write down the cost of installing them.
Now divide the cost of panels by the sum you're paying every month to your power company and you'll know how many months you'll need for the panels to profit.

I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

This is more like an off topic speculation, but if I recall electricity was free or partially free in Iraq. Partially meaning that every second or third month was free. I read about it somewhere years ago.
Do you want to know what will happen to mining?

We get it for around 0.0046 US$.

This can of course be supplemented by the enormous Wind and Solar capabilities in Africa,but the problem is infrastructure and the cost of development.

Even in a fantasy world of free energy there would still be many costs running a btc mine. Electrical switchgear, copper, aluminum, enclosures, the building, cooling, internet+backup, mining machines, maintenance, permits, inspections, security, technical knowledge, etc, etc.. It would never be close to a zero sum game. Margins are thin enough at this point that you can blow away your chance at ROI even with free electricity just on infrastructure costs. Build like the government and procure with no questions asked and be damned, or be the junkyard guy that recycles usable equipment for almost free.

In cases where they actually may be 'free' power, I would argue that it is not so free because:
1. There is almost always a severe limit of capacity of power that is delivered freely.
2. Many of these places are in politically unstable areas, very risky to place any significant assets
3. Power quality tends to be very low, unstable, or power is not available 24/7/365,
4. Poor internet connection, specifically unstable or only high-latency connections available.
5. Someone is still paying for it, subsidized or not, so it may be free to you but someone or some group is still paying.

IN India 1Kw/h = 2.3 Rs

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

IN India 1Kw/h = 2.3 Rs

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.

Middle of the US here and i pay .06$ a kwh

Ukraine has one of the cheapest electricity rates I know.
It's about 0.06$ if you consume more than 600 kW/hour/month
and about 0.03$ if less than 600/month. (just to let you know ;))

Hi,

Which country has the cheapest electricity and how much is costs?

$0.20-$0.30 kWh in San Francisco  :'(
$0.16352 at lowest, $0.33504 highest
http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_E-1.pdf

Looking to build a solar power setup soon.

wtf? Until now I had impression, that everybody in US had almost free electricity. ~0.18 is Europe rate..:)

It differs by state. Same as in many other countries. It is not "free" to transport cheap electricity from Washington state to California for example.

Global electricity price comparison:

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

Horribly inaccurate and given the swings (mainly one way) in USD to every other currency, even less accurate. Actual industrial rates, the ones that matter, aren't represented on there for most countries.

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

Most cost of any energetic are taxes. So it dont real mater out of what is electricity produced, but how country collect taxes. Taxing oil and electricity is easier way.

How did you swing that? Tell me more. :)

 i have  some what cheap Electricity if it wasn't for the high taxes and Fee BG and E gets away with i d sty below 200  a month or close running 6 S5 24/7 as it is now I'm more like 350 to 400 due to the taxes and other fees they manage to slip in there.

isn't better for you guy with cheap electricity to offer hosting, to other users? there are some users that can't mine because of their electricity and they don't trust cloud, it should be a win win situation

he also pay you everything directly in bitcoin and you don't need to pay taxes in the end if you keep your coins

Russia, near Kazakhstan border.
$0.05 per kWh

I'm paying 0.002 USD/KWh

Source: I live in Venezuela

The US has the cheapest if one has solar on a sunny day...you can put electricity onto the grid and the power and utilities company has to pay YOU for the electricity you generate from your solar panels. I'm sure the same is possible in other countries.

That's writing off a HUGE investment of panels... doubt that's what you would call cheap...

I live in Venezuela and i just bought some miners! Seems like I can still make some profit as Id spend like 3 USD MAX in electricity

Are you sure your doing the math right?  3 USD a month for even 1 S3 seems to be off on math, especially if you bought "some".

What is your electricity rate?

I think the best idea but well ... not yet "perfect" is to be independent from the electricity monthly costs.

Idea like this one:

http://www.pennenergy.com/content/dam/Pennenergy/online-articles/2013/May/Conergy%20Casa%20d'Amore%20Brisbane%20Australia.jpg

Solar power plant in your own building is the future of low electricity costs.

At the moment devices needed to make it happen are quite expensive and you need many years to ROI investment :)




Kind regards.

wow. its amazing.

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

That is so sad for me to hear (happy for you), but I pay $0.14 per kwH here in the central part of the US. Are you limited by how much you can consume in a given month or is it "all you can use" type of pricing plan?

The electrical service comes with a meter that limits how much current you can consume. According to the kind of meter you have, is the type of price you have. I have the 0.002 USD/KWh due to me consumig a lot for the miners and air conditioner.

There's no maximum amount to the consume, all you can eat "flat" rate (varies a little bit according to the amount of charge you use, but the variation is little according to the type of meter).

[...]
Where I am at the base fee for electric, even if I consume 0 kwH is ~$30/month just for the service to be hooked up. Once I figure in my typical usage, it is not uncommon to have a total bill of around $300/month.

Ofcourse the cheapest is in the GCC countries.

Total rate in Chelan and Douglas counties have been a bit higher than that lately with the drought surcharges. Still in the 3 cent/KWH ballpark EVERYTHING figured in.

 They're more "North/Central" than "Eastern" Washington too, though it seems like everything more than 30 miles east of Redmond is counted as "Eastern" by a lot of folks.




 I wouldn't count 98% availability as "good" for electric service. In 7 years I've been at my current location, we've accumulated a total downtime of about 4 days - 3 of those during a MASSIVE ice storm that covered several states a couple years back. More years than not have been ZERO downtime. I've seen similar levels of availability everywhere I've lived in the US - 99.5% or better is the NORM here in recent years.

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

I'm wondering about the repliers putting the decimal point in the correct place in the replies.. 0.002USD/kWhr means 0.2 cents per kWh which is insanely cheap..!

Here in Australia, flat tariff prices were $0.36/kWhr which is 36 cents per kWh.. though we had a price drop recently down to 27c/kWhr. We also pay a network access fee of $1.50 per day. 1 Oz dollar = 0.72 USD

With miners returning maybe 16c/kwhr then it is not productive to mine here.. I'm setting up my mining system to use my 400kW solar farm as I can't sell my power to the network for more than 6c/kWhr.

If you have power at only 0.2 cents per kWh.. can we be friends. I have a bunch of miners I can send over to run :)

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investment on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

...

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

Eastern Washington:  $0.027 to $.023 per Kwh.  The cheapest period especially when you figure the legal protections and ease of logistics in the United States.

south Africa has around 80 cents per kw which isnt too bad. but winter our power prices seem to go up :/

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

Mad electricity prices is why Bitcoin network is becoming centralized.
Some miners have an unfair advantage when it comes to electricity prices, this is why the Bitcoin network is becoming centralized.

The Bitcoin network should have some sort of a cap on the max number of Bitcoins can be mined by an individual miner.

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

Price for residents in Trondheim, Norway: 0.07$/KWH

If you built a farm next to a powerstation you could probably get rid of the power transportation costs, which would put the price at 0.02$/KWH.

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***

utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

utah , usa 4c kw , and should be getting my rate lowered this summer to  2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 8)

thanks guys yeah i have the second cheapest power in utah , the first cheapest place is 1.9-3c kwh
one of the reasons i have such cheap power is because my facility is located on an agricultural farm so they get a discounted rate because of the amnount of power required to run the water pumps on the farm


yes it is im originally from new jersey and utah is a much cheaper place to live by alot

Wish all farms have that.   My mining area is on a family farm as it had the electricity capacity in the Midwest.   I pay more then that though.  

Don't have the water pumps though with midwest luckily rain does it most years.  Although more and more water pump are showing up.  

If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.

If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.

Guys,

I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.

if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.

ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house :D

MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!

cheers  8)

What is the effective electricity price after taking into account of all the extra costs? Is that less than $10c per kWh?

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate :P Hell, you can brew your own beer too lol :P

In certain countries government is providing electricity free of charge for agricultural farm use. Is that possible to use those supplied electricity for mining purposes which will benefit the miners. If that is possible it would surely have positive effect over the bitcoin value.

Will there be a limit on how much electricity you can use for the cheap rate? If so, there is not much benefit as bitcoin mining uses a lot of electricity.

India has 0.07$/kWh.
Seems pretty competitive  8)  :D

I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...

You are right those "cheap" power distributors, or any "cheap" distributors in general, most of the time have tricky plans. However sometimes you can profit from them after reading carefully what they really propose. For example why not run your miners at nighttime?