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Poll
Question: Miners, do you pay for electricity?
Not mining currently - 11 (8.5%)
>5 GH/s  "free" electricity - 7 (5.4%)
>5 GH/s I pay for electricity - 20 (15.4%)
1-5 GH/s "free" electricity - 18 (13.8%)
1-5 GH/s  I pay for electricity - 29 (22.3%)
<1 GH/s "free" electricity - 21 (16.2%)
<1 GH/s  I pay for electricity - 24 (18.5%)
Total Voters: 130

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Author Topic: POLL: Miners, do you pay for electricity?  (Read 2890 times)
P4man
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November 24, 2011, 09:29:31 AM
 #1

Just curious how many miners pay for their electricity.  Paying means you have a variable electricity cost, so if you are on a fixed cost, like included in the rent, consider it "free" for this poll.

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DeathAndTaxes
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November 25, 2011, 02:21:54 PM
 #2

Results are what I would have predicted.

If you are a casual miner or maybe have a single dedicated rig you can get away w/ "free" electricity.

Outside of botnets it gets very tough to sustain any serious mining operation on "free" power.  The person doing the subsidizing tends to notice and they tend to view any such subsidy outside the terms of the lease.
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November 25, 2011, 02:24:55 PM
 #3

>5 GH/s I pay for electricity

P4man
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November 25, 2011, 03:11:07 PM
 #4

Results are what I would have predicted.

Not enough results yet to draw firm conclusions. Also botnets arent voting I think Smiley

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November 27, 2011, 12:19:49 AM
 #5

I'm glad the largest group of people mine "just for fun" with under a GH. That gives me still alot of hope for bitcoin.

Since big miners will run the first if prices don't recover we would still have a fairly secure and usable network Smiley
* ElectricMucus is mining at a loss @ 280mh

oh wow that works  Shocked Grin
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November 28, 2011, 04:26:07 PM
 #6

I am mining at a profit with 1.3 gigahash. I have yet to mine not at a profit, in fact. Especially considering the free heat.

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November 28, 2011, 06:17:23 PM
 #7

during test, near 3G rig is running, cost 120watt Cheesy
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November 29, 2011, 12:17:06 AM
 #8

during test, near 3G rig is running, cost 120watt Cheesy

Wow that's almost 25 MH/W.  I think that is the best FPGA design yet (non-existent and unavailable for testing unicorns excluded of course).
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November 30, 2011, 04:19:04 PM
 #9

If you include people who's parents pay or their electricity in "free" electricity, I think that's doing a disservice to the question.

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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December 01, 2011, 06:13:52 AM
 #10

1-5GH...at a loss  Cool

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December 01, 2011, 07:59:35 AM
 #11

If you include people who's parents pay or their electricity in "free" electricity, I think that's doing a disservice to the question.


I disagree, this poll will simply show the correlation between those running programs/graphics cards to mine and which of those are directly responsible for the electricity bill.

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December 01, 2011, 08:05:50 AM
 #12

Wow that's almost 25 MH/W.

25-30MH/W is typical for Spartan6 FPGAs. I'm seeing ~6W @ 180MH/s.

-rph

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December 01, 2011, 01:23:26 PM
 #13

If you include people who's parents pay or their electricity in "free" electricity, I think that's doing a disservice to the question.


I disagree, this poll will simply show the correlation between those running programs/graphics cards to mine and which of those are directly responsible for the electricity bill.

So you basically want the poll to skew for nerds living in mom's basement and children?

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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December 01, 2011, 01:31:47 PM
 #14

So you basically want the poll to skew for nerds living in mom's basement and children?

Since they also "skew" the bitcoin network hashrate, I dont see why not.

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December 01, 2011, 01:47:06 PM
 #15

Paying $0.07/kw @ 10gh/s

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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December 01, 2011, 01:51:02 PM
 #16

during test, near 3G rig is running, cost 120watt Cheesy

sorry, there are some math mistakes. 1.8G @ 100W, i re-tested them today.
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December 01, 2011, 02:18:52 PM
 #17

So you basically want the poll to skew for nerds living in mom's basement and children?

Since they also "skew" the bitcoin network hashrate, I dont see why not.

Fair enough... I'm not sure what data this will represent in the end though?  What about people like me who pay for part of my hashrate at residential rates and part of it is already factored into my datacenter rental price that I already pay for other reasons?

If you're searching these lines for a point, you've probably missed it.  There was never anything there in the first place.
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December 01, 2011, 02:38:16 PM
 #18

So you basically want the poll to skew for nerds living in mom's basement and children?

The reality is the reality.  If 10% of the network is powered via free "mom's basement" electricity then 10% is powered.  The pool while not scientific does show some insight into what % of the network is run by people who don't need to worry about operating cost.

It is useful in understanding how hashing power will change when price of BTC changes or when reward halves etc.

What is interesting and somewhat predictable is the inverse relationship between % of miners using free electricity and hashing power.

Free electricity = more common w/ small rigs/farms.
P4man
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December 01, 2011, 02:50:36 PM
 #19

Fair enough... I'm not sure what data this will represent in the end though?  What about people like me who pay for part of my hashrate at residential rates and part of it is already factored into my datacenter rental price that I already pay for other reasons?

Pick whichever you feel is more relevant, or pick at random. As DnT said, its not a scientific study, just something to get a rough idea.

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December 01, 2011, 05:30:11 PM
 #20

I pay for electric, that's why I stopped mining recently.

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