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Author Topic: How can we reduce the cost of electricity?  (Read 48301 times)
WUWARAOLUOXIANG
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November 05, 2017, 09:36:13 AM
 #441

The only variable cost is Electricity, Like some Chinese people, they build their miner factory in SICHUAN Province where the electricity is really cheap (at about 0.3 YUAN/KW.H) after negotiation with local government. Because it is water-engined electricity that can't be stored anyway. Some people just send their own machines to the factory and pay the owner some money.

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sparveenat
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November 05, 2017, 10:38:01 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.

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November 05, 2017, 10:43:07 PM
 #443

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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Jedie22
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November 06, 2017, 04:56:41 AM
 #444

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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Geemy
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November 06, 2017, 06:19:22 AM
 #445

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
 #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 ?

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ChiefWiII0w
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November 06, 2017, 06:49:32 PM
 #447

I'd watched a mining farm that's residing close to a water drops and they're only priced at a few bucks yearly. I can not keep in mind about how much their expenses is but surely there's a lot of miners there which water falls helps these to decrease the cost of electricity and also the heat.
bizalaz
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November 06, 2017, 07:16:59 PM
 #448

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
 #449

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.
Sh0ckingCart
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November 06, 2017, 10:13:08 PM
 #450

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.
Jax4321
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November 06, 2017, 11:15:33 PM
 #451

Select the excavator that suits the ability source and choose the best temperature for the digger is ok.
Jedzkie050617
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November 07, 2017, 09:55:20 AM
 #452

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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denisslo
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November 07, 2017, 11:28:37 AM
 #453

Or just move to an apartment where they dont charge you for electricity use
havefaithinme
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November 07, 2017, 05:12:40 PM
 #454

If accessible you should use solar panelOr wind to create additional power. But it's quite impossible to generate High Voltage with solar panel. Probably there isn't any Lawful Process to decrease cost.
CuteSky
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November 07, 2017, 05:33:20 PM
 #455

the price of electricity could be reduced should you switch to solar power it's possible to build their very own solar power vegetation to enable them to reduce their electricity bill
atronax
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November 07, 2017, 05:41:09 PM
 #456

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.
sorrowfulnightcries
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November 07, 2017, 05:55:57 PM
 #457

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.

ZCoinTalk
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November 07, 2017, 07:42:39 PM
 #458

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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Anonym1337x
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November 08, 2017, 12:06:57 AM
 #459

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
 #460

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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