Cheap electricity

[BitcoinSupremo]

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 ?

With that cheap electricity it depends only on what you want to mine. If you go for GPU it means you will mine Ethereum as that is one of the most profitable coin to mine with GPU nowadays and with the new GPU R9 480X and make some good profit. I personally would mine with ASIC and the bitcoin because in the long run it can make you huge profit with that kind of price which is almost free electricity.

[1714952948]

1714952948

[Sontoloyo]

Hi friends,

After halving day my earning is drop and I shut off my S7. Now I have 5 units S7, can you send the PM about your detail address?

Best regards,

[Dc147]

If you live where you have access to low electicity cost then ypou can even mine with older generation gear but it takes longer time to profit than newer hardware like S9 antminer.

[ShrykeZ]

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 ?

With that low cost electricity just try and purchase older miners for cheap on sites like ebay or this forum.

[T-TERI]

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 ?

If i had money for buying,shipping ... i would never hesitate that. I have access to 2 cent /kwh

[Script3d]

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.

dont go in the philippines i warned you for
some reasons i wont tell

[HaXX0R1337]

I think that starting a mine with solar panels is a great idea.
im sure that is not an easy task, but the returns may be really great with big investment size.

[dhampir-D]

I think that starting a mine with solar panels is a great idea.
im sure that is not an easy task, but the returns may be really great with big investment size.

Yes, I think it is worth a good research.

[Lionidas]

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.

I'll take them
Tell me where you live and I will pay for the shipping. Sound good to you?

[agente]

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 ?

If i had money for buying,shipping ... i would never hesitate that. I have access to 2 cent /kwh

Where do you live?

[Roger Burton]

Mining with almost zero costs, sounds like a blessing to me. Sure it'll take you some months to ROI but it's solid investment & once you roll down you'll also be able to catch up with new miners (eg a new antminer) using only parts of your profit!

[JeffBrad12]

I think that starting a mine with solar panels is a great idea.
im sure that is not an easy task, but the returns may be really great with big investment size.

Maybe you no need to think about the electricity after using a solars panels but ever you think about the capital for holding solar panels and upkeep of the solar panels. it's will take a lot of capital for using that more than using an electricity.

[Amph]

Mining with almost zero costs, sounds like a blessing to me. Sure it'll take you some months to ROI but it's solid investment & once you roll down you'll also be able to catch up with new miners (eg a new antminer) using only parts of your profit!

usually those tht mine with very cheap way, are near some hydro plant, they have special contract, they live there like they showed with those chinese farm

it's unfeasible for other only because those place are already occupied

[Betwrong]

Mining with almost zero costs, sounds like a blessing to me. Sure it'll take you some months to ROI but it's solid investment & once you roll down you'll also be able to catch up with new miners (eg a new antminer) using only parts of your profit!

usually those tht mine with very cheap way, are near some hydro plant, they have special contract, they live there like they showed with those chinese farm

it's unfeasible for other only because those place are already occupied

Actually I think not all those places are occupied. Take a look at the list here:

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

and keep in mind that this is the list of largest hydroelectric power stations where only plants with capacity larger than 2,000 MW are listed. I think there are still a lot of opportunities to locate your mining farm near a hydroelectric power station.

[JungleBook]

Electricity is still pretty cheap here in the Midwest. I don't think we would be able to do anything roi+ especially with the halving and price drop in bitcoin. There is some potential if I could buy hardware bulk and setup close to the city. I haven't put much though into solar power but it might be an option down the road. 

[lotfiuser]

yeah you can mine but you have to stack and wait the price to double

[socks435]

Electricity is still pretty cheap here in the Midwest. I don't think we would be able to do anything roi+ especially with the halving and price drop in bitcoin. There is some potential if I could buy hardware bulk and setup close to the city. I haven't put much though into solar power but it might be an option down the road. 

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

[ecommerce]

Electricity is still pretty cheap here in the Midwest. I don't think we would be able to do anything roi+ especially with the halving and price drop in bitcoin. There is some potential if I could buy hardware bulk and setup close to the city. I haven't put much though into solar power but it might be an option down the road. 

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

Is there any sensitivity table or sensitivity chart that shows in what level of electricity price and with antminer s9 or other miners,mining is profitable or how much we can make?

[QuintLeo]

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

Is there any sensitivity table or sensitivity chart that shows in what level of electricity price and with antminer s9 or other miners,mining is profitable or how much we can make?

 No, and such a chart would become outdated VERY quickly at best, and to be of any use AT ALL it would have to make ASSUMPTIONS about difficulty increase and future Bitcoin price that would certainly turn out to be incorrect in the long run.



 BTW - if your electric is cheap enough, an S7 IS in fact still profitable - but for how LONG is a very good question.

 If your electric is free, ANY miner is still profitable (though GPU or CPU based mining is not going to achieve any noticeable amount of income and will never ROI on any SHA256 based coin even with free electric).

[ecommerce]

Yeah your right but even the price is down and we are at level 500 the miner who using antminer s9 are still profitable..
IF you are using old asic miner like s7 below they are no longer profitable now a days.

Is there any sensitivity table or sensitivity chart that shows in what level of electricity price and with antminer s9 or other miners,mining is profitable or how much we can make?

 No, and such a chart would become outdated VERY quickly at best, and to be of any use AT ALL it would have to make ASSUMPTIONS about difficulty increase and future Bitcoin price that would certainly turn out to be incorrect in the long run.



 BTW - if your electric is cheap enough, an S7 IS in fact still profitable - but for how LONG is a very good question.

 If your electric is free, ANY miner is still profitable (though GPU or CPU based mining is not going to achieve any noticeable amount of income and will never ROI on any SHA256 based coin even with free electric).

The guy has electricity with price 1cent\kwh, can you or anyone explains who much electricity is it? For example a laptop which is one hour working and the only task we do is browsing net, how much is its electricity consumption?