If offered 1-4Cents per Kwh, would you migrate your mining equipment ?

[GigaCoin]

Hello fellow Miners,

Hope you are well and mining them coins  

I'm exploring an option of obtaining cheap energy, as a miner would you consider a rate of 1-4 cents per KWH a good deal for you and your equipment? For example, if offered would you migrate your Bitcoin and litecoin mining equipment to take advantage of this rate?

also at what rate kWh would you start considering it being "not cheap"

Appreciate your feedback, thanks!

[d2dtk]

Seeing how I don't pay for utilities at my home (company I work for pays all utilities and internet). I would have to decline the offer to transfer my equipment. However, your rate would be very cheap compared to PG&E who charges .10-.13 cents a KWH.

[DrG]

If you're going to hold other people's eq, make sure you have legal contracts and are insured.  If something goes up in flames and you're losing other people's mining income they will go after you.  You are creating a business afterall.

[Damnsammit]

Where would this be?  I'm about to invest a little money into the mining business.

[DrG]

Maybe put colocation in the title.

[zimmah]

Hello fellow Miners,

Hope you are well and mining them coins  

I'm exploring an option of obtaining cheap energy, as a miner would you consider a rate of 1-4 cents per KWH a good deal for you and your equipment? For example, if offered would you migrate your Bitcoin and litecoin mining equipment to take advantage of this rate?

also at what rate kWh would you start considering it being "not cheap"

Appreciate your feedback, thanks!

i'm not sure if you're thinking about making your own power plant or whatever, but here in the Netherlands about 75% of the energy price is taxes.

[Kluge]

No, but only because I have a crappy Internet connection and wouldn't be able to remotely interface with them like I can while they're on a local network. My rigs also aren't space-efficient or rackable... large boxes with lots of "white space," which I guess would cost me a good bit extra.

If I could remotely monitor them, I'd consider up to $.075/KWh after taxes and fees. I'm paying right around $.13/KWh after all's said and done in the US.