Miner electricity bills

[moonstruck]

0,187$/kWh excl. VAT for industrial connection in Belgium, normal house prices are around 0,28$/kWh.

[thesavoyard]

Amsterdam is around .17 eur per kwh at the start and your rate drops as you consume more. The commercial rate is the same as residential but the rate drops much slower so you pay more. Industrial electricity is around 0.085 eur per kwh. You need at least four 80 amp connections to the grid to qualify for industrial.

I got all of this through a power provider.

[D3legacy]

Im paying 0,27 €/kwH VAT included in Germany. Not really cheap 😞

[BossBee]

I've 0.10$ and my bill is 1300/1500$ per month 
est Europe

What if you were to learn some Technical Analysis and throw that 1-1.5k into a coin that goes 5x. Don't you think that would be a more efficient route to grow your money?   

I had the the same option when i started but decided to build my own rigs, there were several reasons -
1) Since early 2014 there has been almost always (apart from just few months) some coin that has been profitable to mine
2) I am far better with hardware than reading whitepapers and analyzing them. 
3) If it all goes to shits i can build myself the meanest gaming PC ever and sell the rest of the parts for like 60% easy

Do you other miners feel the same way? I ask because I built a couple miners in 2014 and it would have been at least 4x more profitable to just put that into the coins I ended up holding. To be fair I only used the miners for about 6 months before I disassembled them. The heat was too much.

[QuintLeo]

Hello, everyone,
how much do you normally pay for electricity per month? Just interested to know. Do u have any differences between cost of using electricity day/night in your counrty?

 My last bill was about $500

 My current location is totally flat rate, but we're on hydropower from a couple of big dams here and the rate per KWH is low.

 Last place I lived, we had a "Time of Day" rate option that did save me a bit of money, "high rate" Mon-Fri from around 7AM to around 9PM or something like that, low rate the rest of the time.
 The REAL killer there though was the 3 months of the summer that the "base rate" changed from a "tier" type rate to pretty much flat and ended up kicking my net rate up to almost double the other 9 months of the year.

[thesavoyard]

I've 0.10$ and my bill is 1300/1500$ per month  
est Europe

What if you were to learn some Technical Analysis and throw that 1-1.5k into a coin that goes 5x. Don't you think that would be a more efficient route to grow your money?  

I had the the same option when i started but decided to build my own rigs, there were several reasons -
1) Since early 2014 there has been almost always (apart from just few months) some coin that has been profitable to mine
2) I am far better with hardware than reading whitepapers and analyzing them.  
3) If it all goes to shits i can build myself the meanest gaming PC ever and sell the rest of the parts for like 60% easy

Do you other miners feel the same way? I ask because I built a couple miners in 2014 and it would have been at least 4x more profitable to just put that into the coins I ended up holding. To be fair I only used the miners for about 6 months before I disassembled them. The heat was too much.

I originally split, put half into mining and half into hodl. I've reinvested large chunks though, when mining boomed I invested in a full 1080 ti rig, should have stuck with 1070 or 1080, much better cards. I had an asic miner stolen by UPS and they refuse to reimburse, ongoing legal battle. I've also ordered a D3. Wife says I'm not allowed to order any new miners until 2018 so that we can start to ROI. I'll probably hold off until I can get a business space that has reduced electricity rates, Amsterdam power is expensive.

 I prefer to mine than to hodl. I have done well guessing what is going to go up but at times everything goes up while your coins drop. Mining means I can switch it up and make more money. If I were only hodling I'd be a little depressed right now.


I'm thinking of making a small mining farm someplace like Timisoara Romania. Lovely city and it has gigabit internet and about 6 data centers in town. The only problem is they get heatwaves in summer. I priced some data centers locally but they want the same rate as residential for power plus rent.

[plasmodesmata]

I've 0.10$ and my bill is 1300/1500$ per month  
est Europe

What if you were to learn some Technical Analysis and throw that 1-1.5k into a coin that goes 5x. Don't you think that would be a more efficient route to grow your money?  

I had the the same option when i started but decided to build my own rigs, there were several reasons -
1) Since early 2014 there has been almost always (apart from just few months) some coin that has been profitable to mine
2) I am far better with hardware than reading whitepapers and analyzing them.  
3) If it all goes to shits i can build myself the meanest gaming PC ever and sell the rest of the parts for like 60% easy

Do you other miners feel the same way? I ask because I built a couple miners in 2014 and it would have been at least 4x more profitable to just put that into the coins I ended up holding. To be fair I only used the miners for about 6 months before I disassembled them. The heat was too much.

I originally split, put half into mining and half into hodl. I've reinvested large chunks though, when mining boomed I invested in a full 1080 ti rig, should have stuck with 1070 or 1080, much better cards. I had an asic miner stolen by UPS and they refuse to reimburse, ongoing legal battle. I've also ordered a D3. Wife says I'm not allowed to order any new miners until 2018 so that we can start to ROI. I'll probably hold off until I can get a business space that has reduced electricity rates, Amsterdam power is expensive.

 I prefer to mine than to hodl. I have done well guessing what is going to go up but at times everything goes up while your coins drop. Mining means I can switch it up and make more money. If I were only hodling I'd be a little depressed right now.


I'm thinking of making a small mining farm someplace like Timisoara Romania. Lovely city and it has gigabit internet and about 6 data centers in town. The only problem is they get heatwaves in summer. I priced some data centers locally but they want the same rate as residential for power plus rent.

Why not Iceland?

I wish I had spent the money for my rigs on Bitbean, sprouting it is more profitable than mining. BUT! I didnt know, expensive lesson.

[thesavoyard]

I've 0.10$ and my bill is 1300/1500$ per month  
est Europe

What if you were to learn some Technical Analysis and throw that 1-1.5k into a coin that goes 5x. Don't you think that would be a more efficient route to grow your money?  

I had the the same option when i started but decided to build my own rigs, there were several reasons -
1) Since early 2014 there has been almost always (apart from just few months) some coin that has been profitable to mine
2) I am far better with hardware than reading whitepapers and analyzing them.  
3) If it all goes to shits i can build myself the meanest gaming PC ever and sell the rest of the parts for like 60% easy

Do you other miners feel the same way? I ask because I built a couple miners in 2014 and it would have been at least 4x more profitable to just put that into the coins I ended up holding. To be fair I only used the miners for about 6 months before I disassembled them. The heat was too much.

I originally split, put half into mining and half into hodl. I've reinvested large chunks though, when mining boomed I invested in a full 1080 ti rig, should have stuck with 1070 or 1080, much better cards. I had an asic miner stolen by UPS and they refuse to reimburse, ongoing legal battle. I've also ordered a D3. Wife says I'm not allowed to order any new miners until 2018 so that we can start to ROI. I'll probably hold off until I can get a business space that has reduced electricity rates, Amsterdam power is expensive.

 I prefer to mine than to hodl. I have done well guessing what is going to go up but at times everything goes up while your coins drop. Mining means I can switch it up and make more money. If I were only hodling I'd be a little depressed right now.


I'm thinking of making a small mining farm someplace like Timisoara Romania. Lovely city and it has gigabit internet and about 6 data centers in town. The only problem is they get heatwaves in summer. I priced some data centers locally but they want the same rate as residential for power plus rent.

Why not Iceland?

I wish I had spent the money for my rigs on Bitbean, sprouting it is more profitable than mining. BUT! I didnt know, expensive lesson.

I'd need massive amounts of capital there. It's a very expensive country that is hard to access. Travel and land would eat up any savings. Iceland would be for a massive data center. Romania is affordable, a bit more expensive than Moldova but safe.

[plasmodesmata]

I've 0.10$ and my bill is 1300/1500$ per month  
est Europe

What if you were to learn some Technical Analysis and throw that 1-1.5k into a coin that goes 5x. Don't you think that would be a more efficient route to grow your money?  

I had the the same option when i started but decided to build my own rigs, there were several reasons -
1) Since early 2014 there has been almost always (apart from just few months) some coin that has been profitable to mine
2) I am far better with hardware than reading whitepapers and analyzing them.  
3) If it all goes to shits i can build myself the meanest gaming PC ever and sell the rest of the parts for like 60% easy

Do you other miners feel the same way? I ask because I built a couple miners in 2014 and it would have been at least 4x more profitable to just put that into the coins I ended up holding. To be fair I only used the miners for about 6 months before I disassembled them. The heat was too much.

I originally split, put half into mining and half into hodl. I've reinvested large chunks though, when mining boomed I invested in a full 1080 ti rig, should have stuck with 1070 or 1080, much better cards. I had an asic miner stolen by UPS and they refuse to reimburse, ongoing legal battle. I've also ordered a D3. Wife says I'm not allowed to order any new miners until 2018 so that we can start to ROI. I'll probably hold off until I can get a business space that has reduced electricity rates, Amsterdam power is expensive.

 I prefer to mine than to hodl. I have done well guessing what is going to go up but at times everything goes up while your coins drop. Mining means I can switch it up and make more money. If I were only hodling I'd be a little depressed right now.


I'm thinking of making a small mining farm someplace like Timisoara Romania. Lovely city and it has gigabit internet and about 6 data centers in town. The only problem is they get heatwaves in summer. I priced some data centers locally but they want the same rate as residential for power plus rent.

Why not Iceland?

I wish I had spent the money for my rigs on Bitbean, sprouting it is more profitable than mining. BUT! I didnt know, expensive lesson.

I'd need massive amounts of capital there. It's a very expensive country that is hard to access. Travel and land would eat up any savings. Iceland would be for a massive data center. Romania is affordable, a bit more expensive than Moldova but safe.

Good to know, thanks!