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Author Topic: How can we reduce the cost of electricity?  (Read 54357 times)
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November 05, 2017, 10:43:07 PM
 #441

Solar panels are not usable across the night, the best source of alternative energy is water electricity stations. I'm thinking to build one near my home.


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November 06, 2017, 04:56:41 AM
 #442

I have only the idea of establishing the solar panels and we will invest one time only and we will get very profitable electricity that also no cost after one time investment / installation.
Having a solar panel is the best option to reduce the cost of electricity because having a solar energy is the alternate source of energy storing energy in the morning due to the light of sunlight and its more advantage during evening when there is a blackout on your place. Yes, its just one time investment and it will be a good profit as the time passes by, though there is still maintenance to be established like the LED lights, solar controller and especially the batteries that may be depreciated throughout many years.  Smiley

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November 06, 2017, 06:19:22 AM
 #443

this thread is very helpful and have many ideas to get low rate at electricity , so thank you.

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November 06, 2017, 08:48:04 AM
 #444

mining has gone too far and it seems as if the future of mining is doomed.. so many mines,. so high difficulty and almost no profit at all.. infact if u put the cost of the instrument u buy, then its actually a loss to put money in mining business now.. is it somehow possible to low the difficulty level ? i mean if we all unite, it can be possible ? as i believe its created artificially ? instead of searching for cheap electricity can we just bring the difficulty level down somehow ?

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November 06, 2017, 07:16:59 PM
 #445

There are a lot of options to reduce the cost. But do we think of the simplest and the best option?

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November 06, 2017, 07:33:48 PM
 #446

mining has gone too far and it seems as if the future of mining is doomed.. so many mines,. so high difficulty and almost no profit at all.. infact if u put the cost of the instrument u buy, then its actually a loss to put money in mining business now.. is it somehow possible to low the difficulty level ? i mean if we all unite, it can be possible ? as i believe its created artificially ? instead of searching for cheap electricity can we just bring the difficulty level down somehow ?

There are quite a few people that make insane amounts of money that you'd have to convince to cut their profits so that you get a larger piece of the pie that they're already collecting.
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November 06, 2017, 10:13:08 PM
 #447

Due to availability of technology a plenty of techniques are launched for producing usable energy.However that techniques are very pricey and not a lot environment friendly. Atomic power is the latest type of generating electricity. The majority of Nation are responsible for electrical power with this technique. But it's not much environmentally friendly. And incredibly costly also. The cheapest form of energy is solar power. And it is possibly the best type of power and environment friendly also.
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November 07, 2017, 09:55:20 AM
 #448

There are a lot of options to reduce the cost. But do we think of the simplest and the best option?
Having a solar energy is the best option. Though, its expensive to be installed but only one time installation and after months or years the installed solar energy will give you a good profit by saving electric bill. Also, there is still maintenance but its part of the equipment to be good running for a long time.

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November 07, 2017, 11:28:37 AM
 #449

Or just move to an apartment where they dont charge you for electricity use
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November 07, 2017, 05:41:09 PM
 #450

Turn down voltage on your gpus. Get free electricity from your neighbours Cool. Move to another country with lower cost. If that doesn't help, turn off rigs  Grin.
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November 07, 2017, 05:55:57 PM
 #451

The most costly part of the Bitcoin mining process is electricity. The more we can deduct the electricity cost, the more we will gain. How can we reduce the cost of electrical energy, let's do some brainstorming.

The main sources used in world energy production are oil, natural gas and coal
Generally, Nuclear Energy, Solar Energy, Bioenergy, Hydrogen Energy, Wind Energy, Geothermal Energy, Wave Energy, Hydroelectric Energy, Tidal Energy are used as alternative energy sources.

Yes friends what can we do to reduce energy costs?

by switching your energy sources to renewable energy source, maybe you have to utilize the best options of renewable energies around your mine.

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November 07, 2017, 07:42:39 PM
 #452

Living in a sunny area, what kind of solar hardware would work properly?
Do you guys have any products in mind?

Another question: isn't investing in mining hardware becoming a bit risky because there are so many new (for example anti-ASIC) encryptions popping up?

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November 08, 2017, 12:06:57 AM
 #453

Steal electricity, its the best way :nokappa:
We have like 0,20$/kWh ... Sad

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November 08, 2017, 12:53:57 AM
 #454

Did you know that the CIS is one of the most favorable places in the world for mining? Cheap electricity makes it possible to get more profit than Europeans and Americans can do. There is a project that allows to use these advantages even if you aint from the CIS http://miningnow.online/eu
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November 08, 2017, 07:13:48 AM
 #455

The most costly part of the Bitcoin mining process is electricity. The more we can deduct the electricity cost, the more we will gain. How can we reduce the cost of electrical energy, let's do some brainstorming.

The main sources used in world energy production are oil, natural gas and coal
Generally, Nuclear Energy, Solar Energy, Bioenergy, Hydrogen Energy, Wind Energy, Geothermal Energy, Wave Energy, Hydroelectric Energy, Tidal Energy are used as alternative energy sources.

Yes friends what can we do to reduce energy costs?
Well, now there are windmills, many craftsmen make their autonomous power stations, which lower the consumption. And even solar panels are very popular. So in connection with the development of technology problems in this.
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November 08, 2017, 07:20:18 AM
 #456

Or just move to an apartment where they dont charge you for electricity use

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November 08, 2017, 08:45:37 AM
 #457

maybe the only way to reduce your electricity bill is  limit your appliances usage turn off your appliances that u think not important.. or use solar panel to your computer that if you use for mining...
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November 08, 2017, 12:11:04 PM
 #458

I became part of a company that allows me to "sell" power cheaper then the current area (not available in all states) I can even sell MYSELF power (business or res) and I get 10% of the monthly bill of every one I sell!!! INCLUDING MINE

Worked out for me and I sold it to a few friends as well just to lower their bills
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November 08, 2017, 12:22:10 PM
 #459

Good to catch this thread. I and my friends are also planning to set up a mining farm. We are only observing the market yet. We are considering another country with cheaper electricity costs. Maybe we can also use solar energy.



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November 08, 2017, 01:48:25 PM
 #460

By going towards Green technology.
Solar panels have their limitations, will always cost as well as produce toxic waste both during production as well as disposal.
Wind turbines are cost effective, reliable and provide decent amounts of electricity for extended periods of time. Producing and disposing them doesn't harm the environment that much.
These could be used locally by mining farms.
Wave power is a cool solution as well as Geothermal Energy.
There is an abundance of free, clean power on our planet. If only we were not so self-destructive and greedy...

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