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Author Topic: Electricity price around the globe. In which part of the world I should mine?  (Read 78 times)
omegaxdr (OP)
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February 18, 2018, 05:31:48 PM
Last edit: February 18, 2018, 06:27:25 PM by omegaxdr
 #1

Electricity price around the globe. In which part of the world I should mine? And how easy or difficulty is to send my mining’s rigs there?

I want to create this post to compare around the globe the best places to mine.

Please send the information as follow

Country: Ecuador Cities: All Cost per KWh ($): 0.04
Commnets: This rate applies only to house electricity, commercial electricity cost is 0.12 per KWh ($)
Requirements to send equipment’s there: Find a local who can install and run the mining rigs at their home. Send them via DHL
Date of info: 18/feb/2018


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February 18, 2018, 05:47:48 PM
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February 18, 2018, 07:02:46 PM
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Hmmmm... something is off about that chart.

The average price of electricity in Serbia is 6.6 euro per 100kWh  Source: balkangreenenergynews.com

  6.6 EUR = 8.2 USD

  At USD$0.082 per kWh, the cost to mine a Bitcoin with Bitmain's S9  (14TH/s @1375W) assuming you had enough of them to mine one Bitcoin in a day (you would need ~817 of them) would be

  US $2213


 Prices are much lower in Quebec, Canada where residential customers using less than 1000kWh per month pay only CA $0.057 per kWhr plus CA $0.4064 daily fee.  If you go over that limit the cost for the extra is CA $0.0892 (for comparison, CA $0.0892 = US $0.07) which means you can produce a Bitcoin for US $1886 (plus the US $0.325 daily or about US $265.5 total assuming you run 1 miner) in Quebec, Canada; cheaper than most locations on the map.

  US $2125

http://www.hydroquebec.com/residential/customer-space/account-and-billing/understanding-bill/residential-rates/rate-d.html

 I'm surprised Canadian rates aren't noted in the infographic.
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