What is your electricity price

[gablay12]

Electric cost is doubtless the most important parameter when you the mining.Knowing the electricity prices you experience all over the world will be a free data base for me and others willing to perform academic studies on BTC.

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[Searing]

you might want to modify your poll

I have heard of places in usa at 5c kwh

my cost is 13c kwh (it went up 1c kwh last month damn it)

just saying

[gablay12]

hey

I 1840w it is available (8A) Power Free Energy
and other options $ 0.2 / kwh

The price is very good.Where are you from?

[gablay12]

you might want to modify your poll

I have heard of places in usa at 5c kwh

my cost is 13c kwh (it went up 1c kwh last month damn it)

just saying

I have modified.

[VirosaGITS]

Here, it is just under 4cents per KWH for the first 30 kWh in a given day then it is 5cents~ for the rest.

It sound like a fairly ideal pricing for electricity. I would imagine paying more than 8cents/kwh fairly improper for trying to earn income from mining.

[QuintLeo]

You definitely need to modify your poll.

 The AVERAGE price of electric in the USA is around 12 cents/kwh, and there are 2 counties in Washington State that are around 3 cents/KWH

 Anything over about 15 is pretty close to being unprofitable to mine with even the current most efficient units (SP20E, SF3001, S7).

 $0.2/KWH is quite HIGH by US standards, fairly high by the standards of a lot or most of the rest of the world, and forget trying to mine at a profit at that kind of electric pricing.



 https://en.wikipedia.org/wiki/Electricity_pricing is a good place to start your research. It's not definitive, but it points you in the right directions.


 Also, most "renewable energy" ends up costing MORE than commonly used sources, at this time, though with government subsidies it might come in as competative, and if you're WAY out in the boondocks you might not have any other viable choices. Some of those options were getting to be competative when oil was over $100/barrel and coal/natural gas were following suit somewhat, but at current fossil fuel pricing the competativeness has dropped. I'm certain that non-fossil options WILL have to get more common eventually though, as even Coal is a finite resource much less oil/natural gas, and stuff like Ethanol isn't much better than break-even at BEST vs the energy used to MAKE that stuff.


 Long term, Ethanol and the like might be a good option - if wind or solar power is used to make it. Biggest issue is that current EFFICIENT Ethanol making requires fairly constant power input, which neither wind nor solar can manage (though Hydro and tide power genration can).

[Lituation]

Poll options are too much IMHO. I pay 0.15 cents per 1 kW electricity.
They still tell me it's not profitable for btc mining.

[VirosaGITS]

Poll options are too much IMHO. I pay 0.15 cents per 1 kW electricity.
They still tell me it's not profitable for btc mining.

Yeah maybe OP meant 0.04, not 0.40, 0.1, not 1$+

The poll doesn't make sense, the lowest option encompass most of the world. Most having electricity cost making mining unviable.

[umair01]

the price of the country I am at the moment ( IRAN ) I believe is less than 0.40 , its very cheap compared to the PHILIPPINES which the price there is triple or even  x4

[xstr8guy]

People don't understand how to use decimal points, apparently.  

[VirosaGITS]

the price of the country I am at the moment ( IRAN ) I believe is less than 0.40 , its very cheap compared to the PHILIPPINES which the price there is triple or even  x4

I'm not sure you're using the right decimal, format or currency.

We're talking about USD. And Google says sure, Philippine electricity goes high, from 5php/kwh to values such as 11php/kwh. Which is up to 0.24usd/kwh.

But either google's few top website returned have wildly wrong value reported or electricity does not indeed go THAT high. Not to such value like 2USD/kwh as you're suggesting.

[xstr8guy]

U.S. Highest Rate Connecticut (excluding Hawaii) $0.23 kWh
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

[MarkAz]

U.S. Highest Rate Connecticut (excluding Hawaii) $0.23 kWh
U.S. Lowest Rate Washington $0.089 kWh
U.S. Average $0.129 kWh

http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a

That EIA data is only of marginal value - it's way off in many regards.  I'm located in Arizona, and right now we're in peak summer rates, and I'm at $0.0864/kWh (it drops off to $0.0758 in the winter - so both are well below the stated "Lowest Rate".  That's also residential pricing, and at least with my power company Commercial is a few cents less than that - in the winter it can get as low as $0.0497/kWh.

One thing to watch out for when comparing rates is whether or not they also have demand charges - my particular provider doesn't, but I was comparing against another that had better kWh rates - but then once you added the demand charge it was worse than my current plan.

[QuintLeo]

That's statewide averages, I believe.

 Washington varies a LOT - SeaTac area IIRC is over 10 cents/KWH, Douglass and Chelan counties around 3 cents/KWH - and the PUDs of those two counties and Grant county routinely sell a LOT of megawatts from their massive Columbia River hydro projects TO the power companies to the West of them.

 It also looks suspiciously like "base rates" - which often leave out a LOT. Where I live, 30-40% of my bill is caused by stuff like "regional transmission fee" and "fuel surcharge", which make the base rate almost a joke.


 I DO get a suspicion that the original poster misplaced a decimal point - or they're looking at a NON-USA dollar. Not that I think the Canadian dollar is THAT far off from the US dollar, but I believe there is at least one other country somewhere that calls their currency "dollar".

[gablay12]

Would you pls. check the electricity prices at the below link?Do they seem correct?

https://en.wikipedia.org/wiki/Electricity_pricing


The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.

The number of miners in USA is very much correlated with electricity price.

The miners and hash rate in Europe is decrasing.

I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.

 

[ingiltere]

I have 12 cents for 1kwh in my area.

Would you pls. check the electricity prices at the below link?Do they seem correct?

https://en.wikipedia.org/wiki/Electricity_pricing


The electricity price in Kuwait and Saudi Arabia is very charming in the Middle East.

The number of miners in USA is very much correlated with electricity price.

The miners and hash rate in Europe is decrasing.

I see the big picture slowly.We will use cloud mining and quit home mining in two years' time.

 

2 years? That's too optimistic thought. People don't mine at home anymore, since 2 years. (December 13 exactly)

[Dalkore]

$0.023 per Kwh in Wenatchee, Wa.

[QuintLeo]

Is that 0.023 your final rate all up, or your base rate?

[Dalkore]

Is that 0.023 your final rate all up, or your base rate?

Final rate.  I have a couple small surcharges but those add up to maybe 50 bucks.

[QuintLeo]

Is that 0.023 your final rate all up, or your base rate?

I have a couple small surcharges but those add up to maybe 50 bucks.

 How much power are you using to count $50 as "small surcharges"?

 8-O