Should I start mining with this electricity price ?

[Xavier59]

Hi,

My father is working at electricity and we have electricity at 10% of its price.
So, actually, it is 0.15€/kWH and so it is 0.015€ for us.
Is it profitable ? Which miners should I buy ? Which coins ?

Thanks,
Xavier

[bathrobehero]

Lucky bastard... 

You can pretty much mine with anything at those prices.

[klondike_bar]

Hi,

My father is working at electricity and we have electricity at 10% of its price.
So, actually, it is 0.15€/kWH and so it is 0.015€ for us.
Is it profitable ? Which miners should I buy ? Which coins ?

Thanks,
Xavier

sometimes theres a limit, such as the discount only applies to the first 1000kWh

[XERES]

Hi,

My father is working at electricity and we have electricity at 10% of its price.
So, actually, it is 0.15€/kWH and so it is 0.015€ for us.
Is it profitable ? Which miners should I buy ? Which coins ?

Thanks,
Xavier

sometimes theres a limit, such as the discount only applies to the first 1000kWh

1000 KWH is still pretty good, that's like 10 s4's ?
SHA device would be best for mining, so Ant miner or spoodolies. If you are going to run that many units i would be careful with storage, ventilation and maintenance.  

[Xavier59]

Thanks for your answers.
I don't want to open a mining farm.
What I want is a fast ROI, without invest more than $200 firstly. Is that possible ?

[maddy123]

You can mine so much at this price. Bitcoin may be all the best ! 

[fricircled]

1k kWh per month is very good. You can mine a lot of coin with that cheap rice. You will be very rich in the future.

[zalucia]

A bitcoin miners S7 consumes about 1200W, that is 29 kWh per day or 864 kWh per month. So 1000 kWh per month is not that big.

[bonski]

Yes you can with that price I'm surely you can harvest a lot of it and it will benefit you in the future. 

[merelcoin]

@OP: I think you'll first need to find out if there are limits... Both as a cap (for example: only the first 1000 KWH are cheap) as structural limits (the breakers, the thickness of the wires,...).

Depending on these limiting factors, it might be intresting to buy a new S7 or avalon 6, or buy several second hand S3-S5-spondoolies-...

[lolxxxx]

Man , you are lucky if i have any discount in electricity i mine for sure .
OP, go and buy some s7,s and start mining and make some easy profit
The price is damn good .

[klondike_bar]

A bitcoin miners S7 consumes about 1200W, that is 29 kWh per day or 864 kWh per month. So 1000 kWh per month is not that big.

thats my point.

its entirely possible he has no limit, or that its not 1000 kwh (an arbitrary number i put).

for example, in my local electricity certain rates and tax discounts only apply to power usage above/below specific thresholds so that a conservative household might have an overall better billing rate than the house that runs bitcoin miners 24/7

[fricircled]

I have a many thouands of kWh per month, I will start mining altcoins. Either Ethereum or Monero. Ethereum is more profitable at the moment.

[bitkokos2]

Hi,

My father is working at electricity and we have electricity at 10% of its price.
So, actually, it is 0.15€/kWH and so it is 0.015€ for us.
Is it profitable ? Which miners should I buy ? Which coins ?

Thanks,
Xavier

First check www.coinwarz.com
Check the coin you want to mine.
Check the various mining equipment you want to buy (hashrate and power consumption in watts)
Enter them in coinwarz and you will understand if it worths mining.
Also have in mind that diff is rising.

When I first bought a miner years ago, it could mine around 4BTC per month by the time I ordered it from BFL. Delivery took 6 months. By that time it could barely make 0.05btc in a month.