6.4c/kWh...

[Yuna517]

Hi All - Sorry if this is a very basic question. I've been lurking for a few months and have ordered 1x A741 to begin mining with after a fair amount of reading. I'm living with relatives on a large plot who are paying utilities. Before I ordered the unit, I was under the assumption that the electricity costs were around 10-11c/kWh, figured that was about the national average. I found out today it's actually 6.4c... What would you do in my circumstance, finding out you have nearly the cheapest kWh in the country? To add, I could get a fair amount of commercial rental space for $200-300/month.. I'm feeling inclined to order 10x more A741s...

[italianMiner72]

Hi All - Sorry if this is a very basic question. I've been lurking for a few months and have ordered 1x A741 to begin mining with after a fair amount of reading. I'm living with relatives on a large plot who are paying utilities. Before I ordered the unit, I was under the assumption that the electricity costs were around 10-11c/kWh, figured that was about the national average. I found out today it's actually 6.4c... What would you do in my circumstance, finding out you have nearly the cheapest kWh in the country? To add, I could get a fair amount of commercial rental space for $200-300/month.. I'm feeling inclined to order 10x more A741s...

i think this is the right choise...
in this game, you can win just if you have electricity bill very low...
anf for very low i mean 1Kwh<10cents/hour.
This is impossible in the major of EU and in a lot of other countries...
so, i think you are really lucky...

[Nagadota]

Avalon miners are pretty inefficient.  Even with reasonably cheap electricity it's not ideal and you'd be better off with Antminers unless you have a moral objection to BITMAIN or you have free electricity.

Buying some more miners would be a great idea though.  It's very unlikely that you would fail to get ROI at any point, and even if you were failing you could mine other SHA-256 coins.

[italianMiner72]

Avalon miners are pretty inefficient.  Even with reasonably cheap electricity it's not ideal and you'd be better off with Antminers unless you have a moral objection to BITMAIN or you have free electricity.

Buying some more miners would be a great idea though.  It's very unlikely that you would fail to get ROI at any point, and even if you were failing you could mine other SHA-256 coins.

bitmain S9 is the king in efficence for sure...
but not in stability.
a lot of S9 batchs have problem of stability and broken card.
if you have cheaper electricy, it's better to privilege stability, instead of efficiency
IMAHO

[QuintLeo]

I was under the assumption that the electricity costs were around 10-11c/kWh, figured that was about the national average. I found out today it's actually 6.4c... What would you do in my circumstance, finding out you have nearly the cheapest kWh in the country? To add, I could get a fair amount of commercial rental space for $200-300/month.. I'm feeling inclined to order 10x more A741s...

 National average was up to around 12c / kwh I think last time I checked.

 6.4 is fairly cheap, but more than double the cheapest (Douglas and Chelan counties in Washington state are right at or a hair under 3c/kwh for residential/SMALL business rates, lower for big business/industrial. Grant county next door is 4.5c residential/small business but a hair CHEAPER than Chelan/Douglas for large business/industrial - this may change next year, as all 3 PUDs adjust rates).


 Avalon 741 is pretty efficient, just not THE most efficient - and as others have pointed out, the price to pay for S9 efficiency is relative instability and a HIGH failure rate.