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Bitcoin => Mining => Topic started by: PRCman on May 25, 2011, 03:19:27 PM



Title: HOW much is electricity cost in your country?
Post by: PRCman on May 25, 2011, 03:19:27 PM
down here is about 0.1 USD per 1kwh
mean well a rig with 3 video cards need 700W,
calculates a block in 12 days will need 20USD, then got 50BTS, could be sell for around 300USD?

great deal!


Title: Re: HOW much is electricity cost in your country?
Post by: bulanula on May 25, 2011, 03:21:47 PM
Well it seems like electricity is cheap in China.

This ( "get rich quick" ) is not as simple as it sounds by the way.


Title: Re: HOW much is electricity cost in your country?
Post by: PRCman on May 25, 2011, 03:25:31 PM
Well it seems like electricity is cheap in China.

This ( "get rich quick" ) is not as simple as it sounds by the way.

usually in PR.China electricity cost about 0.1 USD (based on currency rate may a little different)
but electricity gard company will charge 25% more when measure how much electricity you've used

because they don't have the right to decide the price, and if they don't do that, they will loose money

so power cost is 20USD to 30USD I think.


Title: Re: HOW much is electricity cost in your country?
Post by: 564102 on May 25, 2011, 03:28:58 PM
It's around $0.12 per kWh here in Bulgaria. However the prices will rise soon. :(


Title: Re: HOW much is electricity cost in your country?
Post by: PRCman on May 25, 2011, 03:29:48 PM
Well it seems like electricity is cheap in China.

This ( "get rich quick" ) is not as simple as it sounds by the way.

Would you like to explain the major risk to this business, now I am worried about after I put money in the business of mining bitcoin, I am not able to sell these bitcoin, I am worried If there is enough people willing to pay USD for bitcoin.

Whey they are doing that?


Title: Re: HOW much is electricity cost in your country?
Post by: PRCman on May 25, 2011, 03:31:35 PM
It's around $0.12 per kWh here in Bulgaria. However the prices will rise soon. :(

similar in P.R.China, when you used 1kwh, they measure 1.25 kwh and charge 0.125 USD, while they will announce 0.1 USD


Title: Re: HOW much is electricity cost in your country?
Post by: leepfrog on May 25, 2011, 04:08:44 PM
0.32$/kwh in germany at the current exchange rate..
so please do not complain about energy rates..^^


Title: Re: HOW much is electricity cost in your country?
Post by: grue on May 25, 2011, 04:16:53 PM
it's cheap in china because they're all using coal. :p


Title: Re: HOW much is electricity cost in your country?
Post by: SgtSpike on May 25, 2011, 04:17:26 PM
Really depends where you live in the US and the season.  My electric rate is as low as $0.06, and maxes out at $0.10, but some people in California pay up to $0.40/kwr in the summer.  :o  Gotta pay for all those green initiatives somehow I guess...


Title: Re: HOW much is electricity cost in your country?
Post by: eleuthria on May 25, 2011, 04:21:30 PM
0.40/kWh in Fresno, California (top tier usage, which any decent mining operation will be in).


Title: Re: HOW much is electricity cost in your country?
Post by: MiningBuddy on May 25, 2011, 04:22:57 PM
Costing me $0.35 in the UK ::)


Title: Re: HOW much is electricity cost in your country?
Post by: w128 on May 25, 2011, 04:40:21 PM
$0.14 KWh in Maryland.


Title: Re: HOW much is electricity cost in your country?
Post by: Turix on May 25, 2011, 04:43:43 PM
I'm paying just over 0.12 kWh on average (averaged between my two rates based on my usage) out in the middle of Wales; whats that about $0.20.

But taking a look I could drop that to just under 0.11 ($0.18) on average if I switched provider; either way the UK gets the short end of the stick  :-X


Title: Re: HOW much is electricity cost in your country?
Post by: chungenhung on May 25, 2011, 05:08:58 PM
$0.10USD


Title: Re: HOW much is electricity cost in your country?
Post by: Isepick on May 25, 2011, 05:19:38 PM
$.125/kwH in S. Florida...using 130 kwH/day.


Title: Re: HOW much is electricity cost in your country?
Post by: steelhouse on May 26, 2011, 03:47:07 AM
I was just looking around Texas $0.05 kwh in deregulated areas.  which just makes me sick, California we had deregulated power but we had a semi-retarded governor at the time Gray Davis who didn't understand how it works so shut it down.   Then the unions took over and now we have $0.15 electricity.  Guess there is always solar.


Title: Re: HOW much is electricity cost in your country?
Post by: fpgaminer on May 26, 2011, 03:52:08 AM
Quote
Guess there is always solar.
I just use a generator hooked up to my stationary bicycle. Great workout!


Title: Re: HOW much is electricity cost in your country?
Post by: Kluge on May 26, 2011, 05:58:02 AM
stable @ ~$.07/KWh in PA, US. State regulators have utility companies by the balls, here, to my advantage (nominally, anyway).


Title: Re: HOW much is electricity cost in your country?
Post by: allinvain on May 26, 2011, 06:07:40 AM
$0.06 CAD off peak and $0.07 on peak for me...I think during the winter the rate is a fixed $0.06.

Either way this is super cheap.


Title: Re: HOW much is electricity cost in your country?
Post by: kr105 on May 26, 2011, 06:24:07 AM
I pay $0.23/kWh here in Chile  :D


Title: Re: HOW much is electricity cost in your country?
Post by: 564102 on May 26, 2011, 02:11:25 PM
Wow.. $0.40 / kWh is quite expensive. At this rate even the not-so-cheaper nvidia cards (like mine) will fail.


Title: Re: HOW much is electricity cost in your country?
Post by: allinvain on May 26, 2011, 03:10:17 PM
Wow.. $0.40 / kWh is quite expensive. At this rate even the not-so-cheaper nvidia cards (like mine) will fail.

Yeah that is just plain rip-off! Whatever country has such high electricity costs seriously needs to invest in more capacity and to increase competition among the providers.



Title: Re: HOW much is electricity cost in your country?
Post by: SgtSpike on May 26, 2011, 03:28:05 PM
Wow.. $0.40 / kWh is quite expensive. At this rate even the not-so-cheaper nvidia cards (like mine) will fail.

Yeah that is just plain rip-off! Whatever country has such high electricity costs seriously needs to invest in more capacity and to increase competition among the providers.


Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now.


Title: Re: HOW much is electricity cost in your country?
Post by: 564102 on May 26, 2011, 04:05:56 PM

Quote
Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now.

Well.. not exactly the environmentalists, but the people who use them to make a lot of money :D

Quote
Yeah that is just plain rip-off! Whatever country has such high electricity costs seriously needs to invest in more capacity and to increase competition among the providers.

Most countries do invest in more capacity by having a price floor on the "green" energy and that's driving the prices up.


Title: Re: HOW much is electricity cost in your country?
Post by: wonderbread on May 26, 2011, 04:10:03 PM
$0.21/kWh~
Moving house in a few months, so we'll see if I can get a better deal :)

The main killer for us over here is parts.


Title: Re: HOW much is electricity cost in your country?
Post by: steelhouse on May 26, 2011, 04:19:02 PM
Quote
Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now.  Well.. not exactly the environmentalists, but the people who use them to make a lot of money :D

It has nothing to do with environmentalists.  The reason for high electricity prices in California are unions, teachers, and firefighters.  These are the greedy sobs that want everything.   They are all like City of Bell employees raping the average citizen with taxes.  All these utilities want control of the system, and they will install some solar panels at 10 times the market cost as long as they control the system and can rape us.  As long as the profits go to their pensions.

All the environmentalist asks is be given the right to hook up to the grid without a permit, without union labor, and force the utility to accept net-metering and install the necessary meter to do so on their dime.  Also allow us to sell to the grid.  PG&E, SC&E should have been taken over by state long ago and the grid 100% owned by the state using private firms to maintain the grid. We don't need a 8.5% sales tax we need to end the sales tax.

I would install a solar system tomorrow if I could do it myself.  


Title: Re: HOW much is electricity cost in your country?
Post by: Horkabork on May 26, 2011, 04:24:57 PM
$0.028/kWh  ;D

Well, not yet. That's where I'm moving the rigs when it's financially worth it (friend's house in Chelan county, Washington State). It's cheap because of the hydro power in the county. It's so cheap that, in the winter, people run crappy baseboard electric heaters rather than wood stoves or furnaces.


Title: Re: HOW much is electricity cost in your country?
Post by: djex on May 26, 2011, 04:37:55 PM
$0.079 in Ontario, Canada. :P


Title: Re: HOW much is electricity cost in your country?
Post by: Basiley on May 26, 2011, 05:02:49 PM

Quote
Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now.

Well.. not exactly the environmentalists, but the people who use them to make a lot of money :D

Quote
Yeah that is just plain rip-off! Whatever country has such high electricity costs seriously needs to invest in more capacity and to increase competition among the providers.

Most countries do invest in more capacity by having a price floor on the "green" energy and that's driving the prices up.
actually env- making money from making money by electricity making, is one big biz.
"my GW is greenier than yours !! yo !"


Title: Re: HOW much is electricity cost in your country?
Post by: allinvain on May 26, 2011, 08:29:31 PM

Quote
Blame all the environmentalists... apparently, generating sufficient energy for your populace is considered a bad thing in California now.

Well.. not exactly the environmentalists, but the people who use them to make a lot of money :D

Quote
Yeah that is just plain rip-off! Whatever country has such high electricity costs seriously needs to invest in more capacity and to increase competition among the providers.

Most countries do invest in more capacity by having a price floor on the "green" energy and that's driving the prices up.
actually env- making money from making money by electricity making, is one big biz.
"my GW is greenier than yours !! yo !"

lol fo sh0 dawg....but umm  yeah I think US and Canada needs more nuclear power plants - as unpopular and "scary" as that idea seems.

I'd move right next to one and ask the company operating the plant to run a 230,000V 3 phase power feed to the house lol!

I'd be sippin them jiggawatts twenty'fo'seven..fo sho!


Title: Re: HOW much is electricity cost in your country?
Post by: 564102 on May 27, 2011, 09:32:03 AM
Quote
I think US and Canada needs more nuclear power plants

Nah.. I tend to prefer the "green" power plants. Not because they are "greener" than nuclear ones. They have the great advantage of being a renewable power sources.
However there is something fishy about the way of government support for green energy. And not only in the post soviet countries..

Anyway this is what I see/hope/believe for a future and better world: we stop using oil -> the pollution of the oceans is diminished -> the green algae return to their normal population -> the nature then will have enough resources to process the little extra CO2 from our bio plants.


Title: Re: HOW much is electricity cost in your country?
Post by: Batouzo on May 27, 2011, 09:36:52 AM
Around 0.12 usd/kWh in Poland


Title: Re: HOW much is electricity cost in your country?
Post by: Clipse on May 27, 2011, 10:01:50 AM
Residential cost : 0.072 / kwh below 1kva and above 1kva its 0.054

Datacentre cost : 0.044 / kwh below 1kva and above 1kva its 0.022


Need to get my boxes up at datacentre, but the baseprice doesnt justify it yet :/


Title: Re: HOW much is electricity cost in your country?
Post by: Aqualung on May 27, 2011, 10:11:02 AM
something like 0,063 $/kWh here in Russia


Title: Re: HOW much is electricity cost in your country?
Post by: anatolikostis on May 27, 2011, 10:25:14 AM
$0.05 / kWh in Ukraine


Title: Re: HOW much is electricity cost in your country?
Post by: Soros Shorts on May 27, 2011, 10:33:42 AM
Currently about $0.198/kWh in NYC for Residential rates (supply, delivery and other BS charges).


Title: Re: HOW much is electricity cost in your country?
Post by: disq on May 27, 2011, 12:14:51 PM
$0.186/kwh (first 200 kwh)
$0.217/kwh (201-500 kwh)
$0.235/kwh (501-750 kwh)
$0.310/kwh (751 kwh and more)

since my rigs are at 950 watts/h, they do make up for 690 kw/h of the monthly bill.
my normal usage is around 300 kwh, 690+300 is 990, a month's bill will be around $235. :o


Title: Re: HOW much is electricity cost in your country?
Post by: allinvain on May 27, 2011, 12:21:06 PM
$0.186/kwh (first 200 kwh)
$0.217/kwh (201-500 kwh)
$0.235/kwh (501-750 kwh)
$0.310/kwh (751 kwh and more)

since my rigs are at 950 watts/h, they do make up for 690 kw/h of the monthly bill.
my normal usage is around 300 kwh, 690+300 is 990, a month's bill will be around $235. :o

Ouch..I bet a few more difficulty increases and you're out of the game..unless price goes up as well.


Title: Re: HOW much is electricity cost in your country?
Post by: melco on May 27, 2011, 12:38:00 PM
$0.05 / kWh in Ukraine
In Kiev I'm paying 0,03875$/kWh (0.31UAH)


Title: Re: HOW much is electricity cost in your country?
Post by: Batouzo on May 27, 2011, 01:18:11 PM
something like 0,063 $/kWh here in Russia

So, much better even in Russia then in USA? Funny. :P