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Author Topic: Electricity cost where you live/mine?  (Read 3493 times)
DeathAndTaxes
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Gerald Davis


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January 09, 2012, 07:48:10 PM
 #41

I think a lot of people here dont even know how to read the bill properly

you cant just take the actual electric rate you have to add all the delivery charges, taxes and fees and then you get your actual rate


the actual electricity it self is very cheap, its the delivery charges and other fees are much higher

My rate includes delivery, fees, and taxes (except a $9.95 monthly connection fee which isn't consumption based).

But he is the simple version.

December 2760 kwh
Total bil $256.56

$256.56 / 2760 = $0.092956522
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January 09, 2012, 08:12:00 PM
 #42

I think a lot of people here dont even know how to read the bill properly

you cant just take the actual electric rate you have to add all the delivery charges, taxes and fees and then you get your actual rate


the actual electricity it self is very cheap, its the delivery charges and other fees are much higher

My rate includes delivery, fees, and taxes (except a $9.95 monthly connection fee which isn't consumption based).

But he is the simple version.

December 2760 kwh
Total bil $256.56

$256.56 / 2760 = $0.092956522


That is one of the cheapest rates I have seen !!! Where is that ? Next to a hydro dam, I presume ?
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January 09, 2012, 08:14:39 PM
 #43

yeah seriously I would really like to hear how you get such cheap rates as well! Smiley
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January 09, 2012, 08:21:25 PM
 #44

yeah seriously I would really like to hear how you get such cheap rates as well! Smiley

Indeed, those rates are quite impressive. Maybe he lives next to a power plant or works for them Tongue
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January 09, 2012, 08:23:36 PM
 #45

$0.10 per KWH after all the non-sense taxes.
For this past month, I calculated $0.096 per KWH. That includes EVERYTHING. Customer charge, tax, delivery, etc.

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DeathAndTaxes
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Gerald Davis


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January 09, 2012, 08:52:12 PM
 #46

I think a lot of people here dont even know how to read the bill properly

you cant just take the actual electric rate you have to add all the delivery charges, taxes and fees and then you get your actual rate


the actual electricity it self is very cheap, its the delivery charges and other fees are much higher

My rate includes delivery, fees, and taxes (except a $9.95 monthly connection fee which isn't consumption based).

But he is the simple version.

December 2760 kwh
Total bil $256.56

$256.56 / 2760 = $0.092956522


That is one of the cheapest rates I have seen !!! Where is that ? Next to a hydro dam, I presume ?

It isn't that cheap.  The average in the US is $0.105 per kWh thus half of Americans pay less than 10 cents.

Power company is dominion power (VA).  I know dominion offers a lower rate on consumption over 800 kWh (in winter) so that bring down the average.  We also have a nuclear power plant about 80 miles away so I am sure that contributes to it but 9.2 cents vs national average of 10 cents isn't significantly cheaper.
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January 09, 2012, 08:53:33 PM
 #47

I think a lot of people here dont even know how to read the bill properly

you cant just take the actual electric rate you have to add all the delivery charges, taxes and fees and then you get your actual rate


the actual electricity it self is very cheap, its the delivery charges and other fees are much higher

My rate includes delivery, fees, and taxes (except a $9.95 monthly connection fee which isn't consumption based).

But he is the simple version.

December 2760 kwh
Total bil $256.56

$256.56 / 2760 = $0.092956522


That is one of the cheapest rates I have seen !!! Where is that ? Next to a hydro dam, I presume ?

It isn't that cheap.  The average in the US is $0.105 per kWh thus half of Americans pay less than 10 cents.

We do have a nuclear power plant about 80 miles away so I am sure that contributes to it but 9.2 cents vs national average of 10 cents isn't significantly cheaper.

LOL. I need to move to the US as soon as possible.

Here in Scotland we get ripped off about 0.25 pounds for a kilowatt hour.

No wonder mining is not profitable for me Tongue
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January 09, 2012, 08:54:27 PM
 #48

yeah I dont know why it seemed so cheap to me at first, your right it isnt that much less, your using about 1000 kilowatt hours a month less than me also Tongue
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January 10, 2012, 05:28:49 AM
 #49

Scroot's flanger did seem to come off well.
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January 10, 2012, 06:05:57 AM
 #50

6-pack/month - miner is in a friend's dorm room, i pay in beer...

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January 10, 2012, 06:47:41 AM
 #51

Sydney Australia

regulated power rates are AUD (close enough to parity with USD)
3 month billing (88-92 days)
$0.4800 per day deliver called an SAC +10% GST
1st 1755kWh per 3 months @ $0.206 per kWh +10% GST
over 1755kWh per 3 months @ $0.291 per kWh +10% GST

Anyone an negotiate a 5% or 10% reduction by going on a contract.

Dodo is offering around $0.23 per kWh +10% GST

prices will rise around 9% on 1 July 2012 and at least that amount every year for the next 3 years.

Plus we now have a new carbon tax - not sure of the price effect on that.

We have the world's largest supply of coal for electricity generation. We export it to China. But we seem to have hugely expensive consumer electricity prices despite using coal locally.



I'm not begging - just keeping it easy to find.
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January 10, 2012, 06:49:33 AM
 #52

where i live you can get it for 0.09 AUD for about 9 hours per day (10pm to 7am) which is an off-peak price.

during the other 15 hours of the day it's 0.22 AUD.


I thought you weren't able to connect anything but hot water systems to Off peak power? That doesn't make sense as EV's should recharge then, but that's what I'd heard.

I'm not begging - just keeping it easy to find.
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January 10, 2012, 12:16:29 PM
 #53

The important thing is to use FPGA, all electricity prices will go up since it's a free market. So it doesn't matter if you live in a country with lots of hydro like me (Sweden has 50% hydro) our corporations will just sell to Germans for a lot of money when peakoil hits.

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January 10, 2012, 12:26:40 PM
 #54

6-pack/month - miner is in a friend's dorm room, i pay in beer...

awesome!!!! Smiley
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January 10, 2012, 12:48:09 PM
 #55

The important thing is to use FPGA, all electricity prices will go up since it's a free market. So it doesn't matter if you live in a country with lots of hydro like me (Sweden has 50% hydro) our corporations will just sell to Germans for a lot of money when peak oil hits.

Well, rest assured we are fine till "peak oil hits" !

FPGA is a long way off being as good in terms of $/mhash compared to GPUs.
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January 10, 2012, 12:59:14 PM
 #56

About 12 cents here in Brazil.

But downtimes are also happening and it isn't always on connection.
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January 10, 2012, 01:19:15 PM
 #57

The important thing is to use FPGA, all electricity prices will go up since it's a free market. So it doesn't matter if you live in a country with lots of hydro like me (Sweden has 50% hydro) our corporations will just sell to Germans for a lot of money when peak oil hits.

Well, rest assured we are fine till "peak oil hits" !

FPGA is a long way off being as good in terms of $/mhash compared to GPUs.

your right but it is far more profitable and will be much more soon when blocks get cut to 25 coins per

an FPGA miner can give 380Mhash and only use 20 watt, well thats profit baby

you not get the highest speeds but your not using any electricity hardly at all

10 x FPGA miners is = 1 x 5870


so if you had 10 x FPGA @ 380mhash your getting 3.8 Ghash for the same electrical cost as running a 440Mhash GPU



DeathAndTaxes
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Gerald Davis


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January 10, 2012, 01:30:34 PM
 #58

The important thing is to use FPGA, all electricity prices will go up since it's a free market. So it doesn't matter if you live in a country with lots of hydro like me (Sweden has 50% hydro) our corporations will just sell to Germans for a lot of money when peak oil hits.

Well, rest assured we are fine till "peak oil hits" !

FPGA is a long way off being as good in terms of $/mhash compared to GPUs.

your right but it is far more profitable and will be much more soon when blocks get cut to 25 coins per

an FPGA miner can give 380Mhash and only use 20 watt, well thats profit baby

you not get the highest speeds but your not using any electricity hardly at all

10 x FPGA miners is = 1 x 5870


so if you had 10 x FPGA @ 380mhash your getting 3.8 Ghash for the same electrical cost as running a 440Mhash GPU





The size of the block reward changing doesn't make FPGA better or worse.  Sure it may cut revenue (but really only price * block size / difficulty matters) but that affects the ROI% of both products equally.

For miners w/ high electrical cost (say >$0.25) FPGA is the only thing that makes sense.   In time as the network gets more and more efficient that line will drop lower and lower but the block reward getting cut in half doesn't change the economics at all.  The main advantage of FPGA is it levels the playing field as electrical cost is less of a factor in total operating cost.   It also creates a very low floor.

(@ 1.25M difficulty, 50 coins per block, $0.10 per kWh)
5970 (on very efficient rig ) ~ 2.6MH/W.  electrical cost per coin = $1.15
ztex FPGA ~22 MH/W.  electrical cost per coin = $0.14

At current conditions if the price fell below $1.15 I would need to stop mining but w/ a ztex GPU I could mine even if price fell to $0.14.

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January 10, 2012, 01:40:55 PM
 #59

I live in Montreal, Quebec.

My price per kWh is somewhere between $ 0.05 and 0.08 CAD, depending on season.

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What this planet needs is a good 0.0005 BTC US nickel.
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January 10, 2012, 01:54:07 PM
 #60

Ok so averaging my rate for the past two years of billing comes to $0.114335

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