Cheap electricity

[jackg]

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

I live in Venezuela, I want to invest in this mining thing because of the cheap electricity and I see some people make good money out of this, I just would like some advice on getting started and maybe I can lend a hand to a bro in need, who knows.

But I heard in your country the power supply is not very reliable to due to dryness of the reservoir, there is not enough electricity.

Yes that's right, but I'm thinking to set miners up in a place they never cut electric service off, that's near a hospital and I have full access to that place. What is really worrying me is the noise, I've heard they are loud and even placing them in a cooled room with the door shut can bother the people living in that house, what can you tell me about that?

If you can get a well cooled room, you could always put them in thee and remove the ans. The fns are the main part that makes the noise!
It's [robably hard to get a room like that though (unless you consider putting your miners ina a climate controlled cabinet which would use lots of electricity though may be good if you have several miners running!

I assume something like this may work: https://www.teslatest.co.uk/products/binder-mkt-series/ - But am not sure!

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[Barnabe]

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

I live in Venezuela, I want to invest in this mining thing because of the cheap electricity and I see some people make good money out of this, I just would like some advice on getting started and maybe I can lend a hand to a bro in need, who knows.

But I heard in your country the power supply is not very reliable to due to dryness of the reservoir, there is not enough electricity.

Yes that's right, but I'm thinking to set miners up in a place they never cut electric service off, that's near a hospital and I have full access to that place. What is really worrying me is the noise, I've heard they are loud and even placing them in a cooled room with the door shut can bother the people living in that house, what can you tell me about that?

If you can get a well cooled room, you could always put them in thee and remove the ans. The fns are the main part that makes the noise!
It's [robably hard to get a room like that though (unless you consider putting your miners ina a climate controlled cabinet which would use lots of electricity though may be good if you have several miners running!

I assume something like this may work: https://www.teslatest.co.uk/products/binder-mkt-series/ - But am not sure!

The other solutions would be to 1) downclock your miners and use a big passive system or 2) use a very large fan instead of many small ones. Large fans don't do much noise.

[Sim0n]

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

I live in Venezuela, I want to invest in this mining thing because of the cheap electricity and I see some people make good money out of this, I just would like some advice on getting started and maybe I can lend a hand to a bro in need, who knows.

But I heard in your country the power supply is not very reliable to due to dryness of the reservoir, there is not enough electricity.

Yes that's right, but I'm thinking to set miners up in a place they never cut electric service off, that's near a hospital and I have full access to that place. What is really worrying me is the noise, I've heard they are loud and even placing them in a cooled room with the door shut can bother the people living in that house, what can you tell me about that?

If you can get a well cooled room, you could always put them in thee and remove the ans. The fns are the main part that makes the noise!
It's [robably hard to get a room like that though (unless you consider putting your miners ina a climate controlled cabinet which would use lots of electricity though may be good if you have several miners running!

I assume something like this may work: https://www.teslatest.co.uk/products/binder-mkt-series/ - But am not sure!

The other solutions would be to 1) downclock your miners and use a big passive system or 2) use a very large fan instead of many small ones. Large fans don't do much noise.

I'm thinking about putting them in a 9x9ft room with maybe a 18000btu a/c and leave the fans at auto.
Thank you very much for your answers.

[Betwrong]

Where abouts do you people live that are getting such cheap electricity? Do you live next to a hydro generating station? In my country no one has prices as low as a cent a kw or $2 a month.  The potential to earn profit with this cheap electricity is endless. You could literally outlay as much as you wanted on hardware and still be making profit for years.

I live in Venezuela, I want to invest in this mining thing because of the cheap electricity and I see some people make good money out of this, I just would like some advice on getting started and maybe I can lend a hand to a bro in need, who knows.

I've read somewhere on this forum that in Venezuela, although the price of electricity is very low, the situation for mining Bitcoins is bad, mostly because it is almost forbidden to mine Bitcoins or something like this. Maybe the situation is different in different parts of the country and you'll be okay, but you should check it by yourself before starting the mining process.

[Chuzzlewit]

I have commercial scale free electricity in England. Buggered if I know how to run a bitcoin mine though and contacting Bitcoin miners seems to be harder than contacting the bloody dead.

Every recruitment agency I speak to don't have a clue what I mean when I say I want to employ a bitcoin miner... I doubt even if they did they'd have more luck finding one than me.

How do I get in touch with UK based miners?
How would I go about employing someone to oversee the purchase, setup and maintenance of equipment?
Even better how do I go about finding a business partner with the technical & electrical skills I lack?

I want the first site to start at 1PH and grow quickly from there. I really would appreciate any advice because I'm struggling to progress this further without technical skills, despite the massive advantage of free power!

You can find that in the forums but you do need to look and you have to be very cautious because most of us cannot be trusted.   
I would say to get a 1PH mining operation running you are look at a decent amount of cash $100,000-$300,000.
Even with the latest ASICS you are looking at around 1,000 pieces of equipment.
That's alot of maintenance, cooling, hand holding, development and time.

As far as people are concerned you really need one experienced person, that doesn't have to be local, and a few minions.

I saw this interesting thread a while back https://bitcointalk.org/index.php?topic=1072474.0

[Betwrong]

I have commercial scale free electricity in England. Buggered if I know how to run a bitcoin mine though and contacting Bitcoin miners seems to be harder than contacting the bloody dead.

Every recruitment agency I speak to don't have a clue what I mean when I say I want to employ a bitcoin miner... I doubt even if they did they'd have more luck finding one than me.

How do I get in touch with UK based miners?
How would I go about employing someone to oversee the purchase, setup and maintenance of equipment?
Even better how do I go about finding a business partner with the technical & electrical skills I lack?

I want the first site to start at 1PH and grow quickly from there. I really would appreciate any advice because I'm struggling to progress this further without technical skills, despite the massive advantage of free power!

If you ready to pay some money for the answers to your questions then I suggest you to post in the Services section on this forum:

https://bitcointalk.org/index.php?board=52.0

There are many qualified people on this forum and you can employ one of them to get a qualified help.

[LucioTan]

A new initiative, Scaling Off-Grid Energy: A Grand Challenge for Development, will invest US$36 million to empower entrepreneurs and investors to connect 20 million households in Sub-Saharan Africa with off-grid energy by 2030.
 
The initiative was announced at the US Global Entrepreneurship Summit last month (23 June) by USAID administrator Gayle Smith.

[NAIROBI] A new initiative, Scaling Off-Grid Energy: A Grand Challenge for Development, will invest US$36 million to empower entrepreneurs and investors to connect 20 million households in Sub-Saharan Africa with off-grid energy by 2030.
 
The initiative was announced at the US Global Entrepreneurship Summit last month (23 June) by USAID administrator Gayle Smith.
“Most countries are unlikely to connect their entire populations to grid electricity for years, if not decades”

Chris Jurgens, Center for Transformational Partnerships at USAID and Scaling Off Grid Energy: A Grand Challenge for Development
Power Africa, initiated in 2013 by US President Barack Obama to increasing access to electricity across Africa, and USAID's U.S. Global Development Lab have launched the initiative to empower entrepreneurs and investors to grow a market and connect households living outside the electricity grid with modern, clean and affordable electricity.
 
Partnering with the U.K’s Department for International Development and the Shell Foundation, the initiative aims to build a vibrant market across Sub-Saharan Africa by supporting growth of innovative entrepreneurs to make off-grid solutions affordable for rural families with profitable business ventures as well as catalyse private investments for them to spread to new markets.
 
The Grand Challenge is also set to drive new technological innovation to address market growth constraints in specific countries.
 
Chris Jurgens, director of the Center for Transformational Partnerships at USAID and Scaling Off Grid Energy: A Grand Challenge for Development leader tells SciDev.Net that over 600 million people in Sub-Saharan Africa do not access electricity.
 
“Most countries are unlikely to connect their entire populations to grid electricity for years, if not decades. As a result, many households rely on expensive, polluting, and unsafe kerosene and diesel for their energy needs,” he says.
 
Off-grid clean energy solutions, he explains, provide a market-based, cost-effective way to access electricity for communities off connections. “Off-grid solutions help improve quality of life for households by providing clean, reliable energy that can do everything from lighting up the night for children to do their school work to charging cell phones and running household appliances.”
 
He says off-grid renewable energy solutions, especially household solar sector, is critical to reaching that goal “as the cost of solar technologies is rapidly falling, while the cost of alternatives such as kerosene is rising, making the economics more attractive.” But they are open to supporting other low-cost, renewable energy solutions.
 
They will provide early-stage entrepreneurs with technical support, financial access, drive customer demand, strengthen the marketplace for off-grid solutions and address market barriers.
 
Jurgens says, “Energy access affects us all, but women disproportionately face the greatest energy challenges, and it affects education and economic opportunities.”
 
He adds:  “When women and girls spend their daylight hours gathering firewood and other household chores, they miss out on participating in other activities like education and economic ventures.”
 
Shashank Verma, Head of Advisory Services at the UK-based Global Village Energy Partnership, says Off-Grid Energy Challenge is a welcome initiative. “It is incentivising productive power applications like solar refrigeration, which has huge potential to add value to agri-value chains and create additional income for low-income communities”.

[bitdumper]

i have this this. in India some states provide free electricity and people tried to run bitcoin mining machines but some of them left it because of the noise and heat releasing from the miner they found it little bit disturbing to their society, and in the end they just got the roi and sold it to other

[bitcoinisfurture]

I would say its a big scam coming in line. Because there is no scope of anybody getting so cheap electricity unless your a theft and taking it for free and if that is the case it wont last longer. And if you say you are getting  it legally then does your own village/town getting it at same rate?

[th3nolo]

I would say its a big scam coming in line. Because there is no scope of anybody getting so cheap electricity unless your a theft and taking it for free and if that is the case it wont last longer. And if you say you are getting  it legally then does your own village/town getting it at same rate?

is legal.. is you live in Venezuela, maybe you need to read more about this country and the cost of services but if you want to have a idea on  how is Venezuela this post maybe help you

https://steemit.com/spanish/@maykor15/soy-venezolano-e-hice-14-horas-de-cola-para-comprar-comida-y-te-lo-muestro

This is why more people want to mining and get better life style.

And before coming to say "they have no food and have Internet, pay light and water etc" in Venezuela, those services are subsidized and usually the 3 services together Bill fails or 2 dollars per month.ñ

[QuintLeo]

With the level of political and society instability in Venezuela, the concept of "better life style" doesn't even come CLOSE to fitting.

 Definitely NOT worth the cheap electric cost, especially when you factor in at least a few reports of the government there arbitrarily confiscating Bitcoin mining gear....

[Chuzzlewit]

With any investment comes risk.
If someone is willing to take a risk to make a better life for themselves, then I say "GO FOR IT!"

The only way we learn is to try and fail, if you are not willing to risk then you are not willing to learn.
Only the person taking the risk can make the decision for themselves.
Will the decision be good or bad, who cares, as long as you are willing to decide!!

[virtualx]

With the level of political and society instability in Venezuela, the concept of "better life style" doesn't even come CLOSE to fitting.

 Definitely NOT worth the cheap electric cost, especially when you factor in at least a few reports of the government there arbitrarily confiscating Bitcoin mining gear....

Venezuela has cheap electricity, but the economy crashed. Maybe your miners are stolen if you mine there..

[Shiroslullaby]

In one of the s9 threads, members were estimating that you could be profitable as long as electricity was 0.06//kWh or less.
If you are getting electricity for such a low price, even an older miner like an s7 would probably make you money.
(It might take some time but you are getting electricity for basically next to nothing.)

[bitcoinisfurture]

Since the conditions in Venezuela is not normal no body will invest in that country even if you give them free electricity and land. When people find hard to get their normal lifestyle this itself means that people there will take anything whatever they get it.

[Xester]

I would say its a big scam coming in line. Because there is no scope of anybody getting so cheap electricity unless your a theft and taking it for free and if that is the case it wont last longer. And if you say you are getting  it legally then does your own village/town getting it at same rate?

Having a cheap electricity doesn't mean it's beng stolen. It's simply means that compare to other countries the power consumption rates in Venezuela is much lesser compared to other countries. Well put this aside and in relation to bitcoin it is not wise to put up a mining farm in Venezuela since the country is in chaos
 You will lose big more than a big power bill. It's better to pay high power bill than to go bankrupt and endanger your life in a violent society.

[Mumbeeptind1963]

You want cheap electricity come here in philippines in ilocos norte part of marcos windmill electricity there are very cheap. In that place you mine to get a big profits but its only for near there but if in other country you must search where in your places see the cheap electricity.

[gAtOtkOcO]

hi,
i have access to cheap electricity around 1 cent/kWh.
if i buy 5  s9 antminer do you think its a good investment ? What would you say ?

I want to know, where do you contry live? I have 5 units S5 antminer from bitmain and not use about 7 months ago, if I send to you, maybe we can sharing the bitcoin result.

[Shiroslullaby]

Yes I'm very interested to see where OP lives.
Even in most countries you can't get electricity this cheap unless you live close to some power plant.

If you are really getting power 0.01/kwh you can definitely make money even with older miners.

[kellendil]

Sorry guys i never looked at this thread

İ would like to start this project in Turkmenistan. Actually it is even cheaper then 0.01/kwh. İ have many connections there and i try to solve the goverment sided things right now. My friends are looking for a solution.
The thing is if i do it there i need to place many miners otherwise it would not be enough profitable for all that effort.

Edit:  GPU rigs or ASİC miners what would you say ?