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Author Topic: Bitcoin mining at 20 cents per kwh  (Read 3050 times)
bcpokey
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July 24, 2011, 07:30:49 AM
 #21

That's just it, costs are tiered, the top tier is $0.40/kWh, but the tiers before are significantly lower. Depending on your consumption it could average out to $0.20 (they charge you tier 1 for the first xxx kwh, then tier 2 for the next xxxx kwh, then finally tier 3 for every kwh after that).
If you average it out, you will get a deceptively low value. Yes, your average Kwh may cost you 23 cents. But if each additional Kwh costs you 40 cents, that's the number you should use when considering the profitability of mining.

That's the number you should use if you consider expansion of mining perhaps, but for profitability you should calculate using the numbers that are applicable to your draw.
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JoelKatz
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July 24, 2011, 07:39:22 AM
 #22

That's the number you should use if you consider expansion of mining perhaps, but for profitability you should calculate using the numbers that are applicable to your draw.
I don't agree at all. You should consider the difference between what your electric bill is when you mine and what it is when you don't mine. Otherwise, you will calculate that mining is profitable, but it also makes you pay more for the other electricity you are using.

I am an employee of Ripple.
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July 24, 2011, 09:01:56 AM
 #23

with 3.2 gigs

still profitable by approx $550/month at current bitcoin prices..................

and that's at .20/kwh

Yup, CA likes it anal style..............

DKN

to bad difficulty and growth calculators put your rig at unprofitable at all status in 30-60 days.
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July 24, 2011, 10:09:02 AM
 #24

Norway right now: $0.09/kWh  Cheesy

▶▶▶ Bitminter.com - Your trusted mining pool since 2011.
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