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Author Topic: How much do you pay for electricity?  (Read 71448 times)
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January 28, 2017, 08:21:04 PM
 #161

rate for household $0.014 kWh tax included Irkutsk, Russia
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January 28, 2017, 09:45:32 PM
 #162

In Ukraine it is around 2 cents. However, even with such cheap electricity it is not very profitable to mine here. My friend bought 3 antminers and had free electricity and yet he only managed to return his money back in 6 months, because he needed to buy some additional details for them to work better and they finally broke anyway. Not to mention that they are very noisy and one can't really live where they mine.
What a funny story if he could managed to return his money back just in 6 month but stopped because additional details, what kind of additional details? I imagine that he didn't calculate/consider it properly before purchased more. Low cost electricity location, you are very lucky to live on such area and here we have to pay $0.1/kWh, it's around $40/month for a house.


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January 28, 2017, 09:48:12 PM
 #163

In Croatia we pay now 1 cent per kWh what is really cheap when you compare other countries with my but still expensive in my country what is not good.I better advice to my govrement to push private companies and then we can get cheaper energy.
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January 29, 2017, 12:18:04 AM
 #164

around 14 US cents in Europe.

 "Europe" electric rates are reported to vary a LOT.
 WHERE in "Europe" are you?
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January 29, 2017, 12:20:02 AM
 #165

In Ukraine it is around 2 cents. However, even with such cheap electricity it is not very profitable to mine here. My friend bought 3 antminers and had free electricity and yet he only managed to return his money back in 6 months, because he needed to buy some additional details for them to work better and they finally broke anyway. Not to mention that they are very noisy and one can't really live where they mine.

 By current standards, 6 month ROI is VERY VERY GOOD - most current new miners are priced to achieve ROI in more like 10-12 months.

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January 29, 2017, 06:25:40 AM
 #166

Everyone's talking about price per kilowatt hour, but that's only half the equation. What about all the service fees you all pay associated with the account? What about taxes?

You need to add these numbers to your true cost of electricity.

Where I live the price of electricity is:

  • BTC0.00005903 / KwH
  • BTC0.00707027 in administrative fees per month

This doesn't include taxes.

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January 29, 2017, 06:29:26 AM
 #167

Around 10 cents per kwh all in (transport included).

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January 29, 2017, 02:32:14 PM
 #168

Everyone's talking about price per kilowatt hour, but that's only half the equation. What about all the service fees you all pay associated with the account? What about taxes?

You need to add these numbers to your true cost of electricity.

Where I live the price of electricity is:

  • BTC0.00005903 / KwH
  • BTC0.00707027 in administrative fees per month

This doesn't include taxes.

Very true, very true.  People always forget that.  For example my electric over -15c is 0.037 cents CAD.  But on average (total kwh / total bill amount for the house), It comes up to 0.0729 cents per kwh.  so in USD thats 0.056c/kwh.  Not bad, but far from 0.028usd/kwh marginal rate.  We are charge a daily fixed fee, plus 15% taxes on the bill amount, etc.  Some people may be surprised to see the real cost...

                                 
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January 29, 2017, 04:41:02 PM
 #169

around 14 US cents in Europe.

 "Europe" electric rates are reported to vary a LOT.
 WHERE in "Europe" are you?


Latvia
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January 29, 2017, 08:27:45 PM
 #170

Everyone's talking about price per kilowatt hour, but that's only half the equation. What about all the service fees you all pay associated with the account? What about taxes?


 When I state my figures, it is always "all up" - the cost at the bottom line of the bill divided by the KWH used that month.

 I'm FAR too aware of how some utility companies evade mandated / regulatory limits on how high they can jack up their billed prices by tacking on "additional fees" and then jacking THOSE up.

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January 29, 2017, 08:40:46 PM
 #171

In some states for commercial power in the US, you may actually get two bills a month.   One separate for transport(delivery) and one for the power itself.

As far as I know with residential, the providers could be different but are on the same bill.

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January 29, 2017, 11:36:20 PM
 #172

Household here in Romania, about 0.15$ kwh
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January 30, 2017, 10:45:12 PM
 #173

 electricity is about 0.06-0.08 CAD$/ kWh in Quebec, Canada
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February 04, 2017, 06:40:20 PM
 #174

Hello,

In France the price is quite expensive (knowing we have dozens of nuclear plants)
0.17$ during the day (16 hours)
0.12$ during the night (8hours)

The best I can do to keep mining is to use solar panels with micro inverters.
It's the more simple system of photovoltaic and the cheper, indeed you dont need battery, the micro inverter includes a MPPT controller and inverter and you can directly use the electricity produced.
It's trully interesting because during the day there's the sun and that's the moment where the price is the higher Smiley

( Photovoltaic sizing is part of my job so feel free to ask details Cheesy )

Photovoltaic expert
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February 06, 2017, 12:30:58 PM
 #175

In my country? Whews! Where paying huge for electricity cost here thats why i don't bother to buy a hardware and do mining for myself, but actually i dont know how it goes if we used solar power to mine here and im little bit afraid on what would be the result since as far as i've know bitcoin mining is no worthy to mine now and i don't usually trust those new alts existing at this point.

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February 06, 2017, 04:37:47 PM
 #176

At the moment, electricity rates start at Rs.4 per unit for consumption of up to 200 units, going up to Rs.5.80-5.90 per unit for 200-400 units, Rs.7.30 per unit for 400-800 units and higher for more consumption. The exact rates vary according to the electricity provider.
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February 06, 2017, 05:32:28 PM
 #177

Sometime around 7 years ago my government stopped the subsidy on energy, power, gas, fuel, water, and they were targeting the electricity usage mostly, now I know bitcoin could've had a part in that Smiley if you consumed $100k electricity in a month the government was paying $40k from the national budget so rich people used more and were taking advantage over the poor.
That's why they decided to charge the costs without subsidy but paying a sum to every individual monthly.
If it was the same then my country would've been the best place to mine bitcoin, though we pay $0.07 KW/H now.

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February 10, 2017, 10:32:18 AM
 #178

monthly  i pay around 100 dzd wich is like 5$ .. its not much
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February 10, 2017, 01:07:46 PM
 #179

monthly  i pay around 100 dzd wich is like 5$ .. its not much

damn dzd..algeria  I think ?  Nice place to put up huge solar panels too...but if electric is so low..then there is no motivation Smiley  I feel crypto mining is really good in places where income is low.  If people make 1000$ a month for example, and that is a good living, imagine having 20-30 GPU's, making 1000$ a month.  double the salary.  Problem is chicken and the egg, where to get the money for the hardware in the first place.

                                 
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February 14, 2017, 04:29:45 AM
 #180

For the three-room apartment in Russia I pay the electric power of only $7,75 a month. Very cheap I consider it.


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