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Author Topic: Cheap electricity for mining Bitcoin  (Read 31969 times)
cassimares
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October 19, 2014, 09:03:00 PM
 #41

You have to be really reckless to invest in Venezuela. I would ask for gigantic returns to invest there.

Seems to be that venezuela have the cheapest electricity charges..

stellar69
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October 22, 2014, 02:00:57 AM
 #42

0.2? Is it really cheap? I get electricity for 0.1$/kWh
Gumbork
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October 22, 2014, 02:01:53 AM
 #43

0.2? Is it really cheap? I get electricity for 0.1$/kWh

0.1$ isn't cheap either, not going to make any profit...


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1echo
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October 22, 2014, 03:23:09 AM
 #44

get solar power Smiley

stellar69
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October 22, 2014, 04:32:45 AM
 #45

0.2? Is it really cheap? I get electricity for 0.1$/kWh

0.1$ isn't cheap either, not going to make any profit...
I know that thats why I was looking for free energy alternatives.

get solar power Smiley
really? Generating that much solar power to run 10-20mimers will take up a lot of investment
SquallLeonhart
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October 22, 2014, 07:34:30 AM
 #46

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
stellar69
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October 22, 2014, 08:29:47 AM
 #47

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
he probably lives in a desert
whitemage
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October 22, 2014, 01:33:58 PM
 #48

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
he probably lives in a desert

Desert probably cheaper and get more sunlight.

stellar69
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October 22, 2014, 03:14:16 PM
 #49

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
he probably lives in a desert

Desert probably cheaper and get more sunlight.
still he needs a lot of investment to setup a solar power plant.
bloodDiamond
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October 22, 2014, 07:30:54 PM
 #50

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
he probably lives in a desert

Desert probably cheaper and get more sunlight.
still he needs a lot of investment to setup a solar power plant.

hum!!!
new here.. it seems interesting!!!
how much does it cost a solar power plant entry level?Huh

3Kwatt


thanks!
stellar69
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October 23, 2014, 02:44:57 AM
 #51

get solar power Smiley

Too costly to get that, if you factor the cost into your rig, the ROI is never..
he probably lives in a desert

Desert probably cheaper and get more sunlight.
still he needs a lot of investment to setup a solar power plant.

hum!!!
new here.. it seems interesting!!!
how much does it cost a solar power plant entry level?Huh

3Kwatt


thanks!
Read about the plant here http://en.m.wikipedia.org/wiki/Solar_power_in_the_United_States
idecable
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November 17, 2014, 08:41:29 PM
 #52

Any pictures of your current setup?
Seketsuna
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November 18, 2014, 06:15:07 AM
 #53

this became a discussion board for the prices of electricity of different countries. You see OP no one will lend their mining rig if their is no assurance that they will get it back if your plan fails.
Undefeatable
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November 18, 2014, 03:08:54 PM
 #54

Building your solar and selling back to the grid is a better investment, try calculating it

Latinbroker
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March 06, 2015, 05:27:45 PM
 #55

This guy must be a foreigner in Caracas. Is real that in Venezuela you have cheap electricity, but he is not aware about that even if you got insurance, this companies do not pay you if something goes wrong. And believe me, things can get wrong there, if someone knows that you are running expensive equipment in your office, you are dead...
Jybrael
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March 06, 2015, 05:33:27 PM
 #56

Definitely would but it all depends on when you will be putting up the service and how the current state of affairs in Venezuela would be like. Anyways I wish you the best of luck with your venture buddy!!! Rock it.
Amph
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March 06, 2015, 06:25:20 PM
 #57

0.2 seems too high to be honest there are many other place with a much cheaper electricity, also a newbie account offering this isn't that good
Hazir
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March 06, 2015, 07:22:21 PM
 #58

Op, with all these problems you listed I can't really say that I am interested. While electricity in your country may be cheap - other factors are important as well, and I don't find them being acceptable. Blackouts, volatile and corrupt government, crime. All these points are just not good if you want to establish a reputable hosting or mining company in Venezuela. Low Electricity cost alone is not enough in my opinion.


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March 06, 2015, 09:38:07 PM
 #59

0.2 seems too high to be honest there are many other place with a much cheaper electricity, also a newbie account offering this isn't that good
Yeah im rocking .06 in the central US.
Electricity prices in USA can differ greatly from place to place. I used to have map of US with electricity costs marked. And I can tell you that you do not need to invest in Venezuela if your electricity can be so cheap as in some places in the usa.
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March 06, 2015, 10:26:20 PM
 #60

In my contry it very easy to fraud the electricity even it can cost you 300 $ and then you have electricity free
for life , i wish i have miners hardware in my country i will never speak about  electricity .

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