$800 Electric Bill . . + My Current GPU Mining Profitability

[crypto_hazo]

How much did that solar project cost? I here it is pretty much like $3 a watt for residential Solar and $1 for commercial. I have family with a lot of land so it would be nice to put a lot of solar panels. If I could get mining to a point where I only can do that for a living I would research on building a solar farm to keep the cost of the build down.

[crazydane]

Do you have more on the actual mining farm ? It’s like I watched episode 1 and want to binge episode 2 lol

On the mining front I'm doing a "show case" quad water cooled rig using 4 x MSI 1080Ti Sea Hawk EK X cards with a EK quad block and 480 radiator.  Mobo is MSI X99.  It will be mounted in this open frame:



That's my old dual 980Ti rig.

My 7 x 1080Ti and 9 x 1080Ti rigs are both doing great, as is my "mixed" rig (2 x 1050Ti, 3 x 1070, 1 x 1080Ti).

Currently working on installing 240V outlets around the house for mining stations for heating this coming winter.

[crazydane]

How much did that solar project cost? I here it is pretty much like $3 a watt for residential Solar and $1 for commercial. I have family with a lot of land so it would be nice to put a lot of solar panels. If I could get mining to a point where I only can do that for a living I would research on building a solar farm to keep the cost of the build down.

I paid about $1.50 per watt, but I can do it now for closer to $1 as panels are down to about $0.60 / watt.

[crypto_hazo]

You ever thought about contacting you power company and getting commercial rates? The reason I say this is because the residential rates for my power company Duke Electricity is about $0.13 kWh maybe a little more after
taxes and other fees. If I was a commercial customer with "Demand Rates" meaning I will use 24,000 kWh a year which is simple I believe that is 24 KW (a year not month) I would pay about $10 a KW plus a fee of plus a set fee of about $12 delivery fee. So if my math is right at $10 KW that is .0138 kWh plus the delivery fee of $12 this is much cheaper then my current residential rate and I live in what looks like a more expensive power rate area than you so you may have a better deal on a commercial rate.

[Marvell2]

Dane, you’re definitely crazy. I love it man that is an epic project!

Clearly well thought out/ impressive

Do you have more on the actual mining farm ? It’s like I watched episode 1 and want to binge episode 2 lol

Man thats an insane solar project !

[QuintLeo]

13548 kWH for August. Effective rate $0.08265

$1119.80

 You should move.

 My last bill was under $600 (barely) for a bit over 13kwh usage.

 Hair under $0.046 all-up rate.

Where are you located / can pm if you’d like

On that topic where is the cheapest electric in the country? Or perhaps a top 5 list?

 3 counties in Central-Eastern Washington - Douglas, Chelan, and Grant.
 Residential and SMALL business rates in the first two are around 3 cents/kwh all up, Grant 4.5-4.6 all up (the rates are near identical between the 2 classes of service in each county).

 Large business rates in all three (200kw level for them all IIRC) is well under 3 cents/kwh all up.

 Most of each county is covered by a "County PUD" built fiber network that was originally set up for remote meter reading, but the counties lease access out to local area ISPs for end users to get connected to - usually on a 100Base-T Ethernet link (faster is available but I suspect it takes time to get the panel modified or swapped out).

 This is WHY there are a lot of LARGE major corporation data centers in Quincy (Grant County) and most of the largest cryptocoin farms in the USA are in the area (Gigawatt that used to be known as MegaBigPower, Zoomhash, Toomin Brothers, Columbia River Mining, to my specific knowlege and I KNOW I'm forgetting a couple and am sure there are others that are "under my radar").



 24,000 KWH / year is not much power - 66 KWH a day or well under 3KW total draw on a continuous basis.


 MOST areas I've ever lived in had lower "residential" rates than "small business" rates, but it varies depending on the specific power company involved. Never hurts to check into it, and potential other options like "Time of Day" rate that can often lower your power bill when they are available.

[karmakeddon]

Ouch! That's some hefty price tag you got there buddy. Better move your mining somewhere else with cheaper power. Do you even RoI with that? I'm thinking that most of the stuff you mine goes out to pay back that electric bill.

[Metroid]

Ouch! That's some hefty price tag you got there buddy. Better move your mining somewhere else with cheaper power. Do you even RoI with that? I'm thinking that most of the stuff you mine goes out to pay back that electric bill.

That is not how things are, moving means renting, renting means money, what he pays right now is not mind blogging, now think about moving, paying less on electricity and paying the rent which is around $1000, his roi will be much much worse than now, now if he has a huge blood farm with megawatts that the less electricity he pays outstrip by a lot the rent price then yes is viable but then again there are others issues about moving to another place.

[QuintLeo]

I'm fully aware of the issues of moving - I just DID so last summer.

 If you're going to be serious about long-term profitable mining, though, you NEED to get somewhere with low electric cost.

[Metroid]

long term and to pay it off then a huge farm is needed and that will take sometime.

[VoskCoin]

You ever thought about contacting you power company and getting commercial rates? The reason I say this is because the residential rates for my power company Duke Electricity is about $0.13 kWh maybe a little more after
taxes and other fees. If I was a commercial customer with "Demand Rates" meaning I will use 24,000 kWh a year which is simple I believe that is 24 KW (a year not month) I would pay about $10 a KW plus a fee of plus a set fee of about $12 delivery fee. So if my math is right at $10 KW that is .0138 kWh plus the delivery fee of $12 this is much cheaper then my current residential rate and I live in what looks like a more expensive power rate area than you so you may have a better deal on a commercial rate.

Ironically the commercial rate from my electric company would be the same or possibly higher. .  lol theyre also proposing to raise both rates some so that's frustrating to say the least but ultimately I plan to grow enough to warrant an expansion into an area that will give me cheaper elec.

[VoskCoin]

Ouch! That's some hefty price tag you got there buddy. Better move your mining somewhere else with cheaper power. Do you even RoI with that? I'm thinking that most of the stuff you mine goes out to pay back that electric bill.

That is not how things are, moving means renting, renting means money, what he pays right now is not mind blogging, now think about moving, paying less on electricity and paying the rent which is around $1000, his roi will be much much worse than now, now if he has a huge blood farm with megawatts that the less electricity he pays outstrip by a lot the rent price then yes is viable but then again there are others issues about moving to another place.

Yeah! I have this debate with a couple of my local mining buddies, in this area and esp. theirs (northern va) you have to have a pretty serious farm to warrant the offset. Rent is ridiculous around them and quite honestly I think around me too.

Also for those that do move into a commercial space to rent . . how do you make the modifications to dissipate the heat + upgraded electric? if you're left to foot that bill your ROI will be extended dramatically

[Marvell2]

You ever thought about contacting you power company and getting commercial rates? The reason I say this is because the residential rates for my power company Duke Electricity is about $0.13 kWh maybe a little more after
taxes and other fees. If I was a commercial customer with "Demand Rates" meaning I will use 24,000 kWh a year which is simple I believe that is 24 KW (a year not month) I would pay about $10 a KW plus a fee of plus a set fee of about $12 delivery fee. So if my math is right at $10 KW that is .0138 kWh plus the delivery fee of $12 this is much cheaper then my current residential rate and I live in what looks like a more expensive power rate area than you so you may have a better deal on a commercial rate.

Ironically the commercial rate from my electric company would be the same or possibly higher. .  lol theyre also proposing to raise both rates some so that's frustrating to say the least but ultimately I plan to grow enough to warrant an expansion into an area that will give me cheaper elec.

Yeah same in my area, switching from residential to comerial Demand rates save me around 30% of what I am spending comercially, now I just have to figure out how to get all my gear moved , ask about the Demand service

they also give discounts on bulk use or credits whatever they call it.

[QuintLeo]

Also for those that do move into a commercial space to rent . . how do you make the modifications to dissipate the heat + upgraded electric? if you're left to foot that bill your ROI will be extended dramatically

 I specifically looked for a space that already had the capability of good ventilation and LOTS of outlets - and cleared with the landlord (I think they're also the owner) ahead of time that I'd be installing evaporative cooling instead of using the existing window-style air conditioners.

 I'm fairly small scale though for a "pro" miner.


 Took me a bit to figure out why the space was as low cost as it is - then the first train rumbled by, there's a track less than 100 feet behind the place.

[crazydane]

Renvu (large solar supplier in CA) is running a free shipping special this week, so I broke down and ordered 48 280W panels and the needed ground mount hardware to do another 2 x 24 panel arrays.  This will boost my production by another 13.44Kw. 

These are the panels I got:

https://www.renvu.com/Solar-Products/Mono-Poly-Crystalline-Solar-Modules/AXITEC-AXIBlackPremium-280W-ALL-BLACK-Mono

That should bring my cost per kWh back down close to $ 0.00 per kWh, at least until I add a bunch more rigs.

[Metroid]

Yeah! I have this debate with a couple of my local mining buddies, in this area and esp. theirs (northern va) you have to have a pretty serious farm to warrant the offset. Rent is ridiculous around them and quite honestly I think around me too.

Also for those that do move into a commercial space to rent . . how do you make the modifications to dissipate the heat + upgraded electric? if you're left to foot that bill your ROI will be extended dramatically

Yeah, that is a huge problem concerning roi, every cent counts.

[Marvell2]

Renvu (large solar supplier in CA) is running a free shipping special this week, so I broke down and ordered 48 280W panels and the needed ground mount hardware to do another 2 x 24 panel arrays.  This will boost my production by another 13.44Kw. 

These are the panels I got:

https://www.renvu.com/Solar-Products/Mono-Poly-Crystalline-Solar-Modules/AXITEC-AXIBlackPremium-280W-ALL-BLACK-Mono

That should bring my cost per kWh back down close to $ 0.00 per kWh, at least until I add a bunch more rigs.

You should keep a separate thread on your project, next year if prices on alts increase I am sure alot of folks would be interested in doing something similar

[huma nguyen]

I  mining ETC with 3 rig 470.
what coin will profitable today.. can SO tell me some Coin?
thanks

[Metroid]

I  mining ETC with 3 rig 470.
what coin will profitable today.. can SO tell me some Coin?
thanks

scamcoin is very profitable at moment hehe

[karmakeddon]

I  mining ETC with 3 rig 470.
what coin will profitable today.. can SO tell me some Coin?
thanks

Just mine ETH and hold it. It is better to mine something that has a stable price than to mine something that is very volatile at the moment. If you can, mine XMR on the side too that way you get to hold that as well. Just diversify and you will be fine.