Electricity bill and when do you stop mining?

[ragingazn628]

What are your electricity rates? Mine is currently 8 cents / kWh

I think I will stop when it breaks even with eletricity. What are your rates at?

[suppp]

mine is 6 cents / kWh (Russia)

[jake262144]

16,6 cents

[Chefnet]

0,25€

[Kluge]

I know we've had at least two other discussions on this, but the search function here's inadequate.

$.1192/kWh after fees/taxes. I'll stop mining briefly while I upgrade my rigs, if there's a service interruption in my electricity/Internet, and when I change residence again.

[DrG]

For the one miner I have at home $0.35/KWh - yeah that's not a typo - tier 3 in Southern California Edison - tier 5 is $0.48 plus penalty.  Welcome to the Socialist Republik of Kalifornia - the ass backwards state 

[ragingazn628]

For 8 months a year I am at my dorm college getting free energy!

[NetworkerZ]

I have to pay 0.25 € (about 0.3285 $), that's expensive but it's 100% eco-power, so it's OK.

Greetz
NetworkerZ

[malevolent]

I have to pay 0.25 € (about 0.3285 $), that's expensive but it's 100% eco-power, so it's OK.

Greetz
NetworkerZ

What do you mean by eco-power?
0.25 euro is 0.25 euro

[ragingazn628]

I have to pay 0.25 € (about 0.3285 $), that's expensive but it's 100% eco-power, so it's OK.

Greetz
NetworkerZ

What do you mean by eco-power?
0.25 euro is 0.25 euro

he's paying to save the environment. Unlike Cali people who pay 40 cents to destroy the environment

[TheHarbinger]

Everyone who lives in Cali tells me it's 78 and sunny every day, all the time.  Why isn't that entire state covered in solar cells?

[DeathAndTaxes]

Everyone who lives in Cali tells me it's 78 and sunny every day, all the time.  Why isn't that entire state covered in solar cells?

Because the un-subsidized ROI on solar power is very very low and power companies are only interested in the STUPIDEST form of solar power possible.  

Solar power is very expensive per kwh.  Yes solar panels have a limited lifespan, require some maintenance, and have components which fail.  No solar power isn't "free" even once installed.  Price per kWh = (usable lifetime kWh)/ (total cost including cost of capital).

The ONE saving grace for solar power is it doesn't need to be transmitted.  Roughly HALF the retail cost of electricity is transmission.  So if your power is $0.10 per kWh the generation is likely only ~$0.05.  If installed locally solar power only needs to compete with the $0.10 rate not the $0.05 rate. 

However power companies HATE decentralized power because they lose control and are paving the road to their obsolescence.  So what do power companies in CA do?    Build massive solar parks (at insanely high per kWh ammortized rates) in the desert (requiring decades of expensive enviro studies)  and then spend even MORE money to build transmission lines to bring that expensive power at even higher expense to where it is needed.  Even sillier, deserts are dusty so lots of time they need to build water pipelines to ensure they can keep the massive farms clean.

Solar power = potentially useful in niche areas although it will never be able to provide "baseload" power.
Massive solar parks which need to be transmitted = asinine.  <- this is CA "solution".

[joulesbeef]

for those who want to get as much as they can, I suggest you look at the under volting threads here. Not only have they reduced power tremendously but they have also maximized their hashs per joule.

er screw that.. stop mining.. more coins for me! 

[NetworkerZ]

I have to pay 0.25 € (about 0.3285 $), that's expensive but it's 100% eco-power, so it's OK.

Greetz
NetworkerZ

What do you mean by eco-power?

When we buy electricity in Germany, we can choose if we want to have eco-power (solar, water, wind, ...) or usual power like coal or nuclear. If we choose eco-power we have to pay ~0.25 Euro and usual power is about ~0.17 Euro. Germany decided to close down ALL nuclear power station till 2022. The goal is 100% eco-power in Germany.

0.25 euro is 0.25 euro

0.25 Euro is about $ 0.3285

Greetz
NetworkerZ

[max in montreal]

about 4 cents when it is warmer than -13 celcius, and about 14 cents when it is colder.

[chungenhung]

Everyone who lives in Cali tells me it's 78 and sunny every day, all the time.  Why isn't that entire state covered in solar cells?

B/c solar will NEVER work, at least not now.
Every solar project has been subsidized heavily by Gov. And even so, they still go bankrupt.

[NetworkerZ]

This is what the nuclear power business wants you to believe. Look at Germany, it works very well ...

Greetz
NetworkerZ

[DeathAndTaxes]

This is what the nuclear power business wants you to believe. Look at Germany, it works very well ...

Greetz
NetworkerZ

LOLZ.  The Germany govt forces utilties to buy power at 300% of wholesale.  

http://en.wikipedia.org/wiki/Feed-in_tariffs_in_Germany

Yup anyone can setup a solar power plant and utilties are required to buy solar @ 0.38 eurocents per kWh (over $0.50) despite the fact that there is plenty of power available much cheaper.    Without the subsidies it simply couldn't compete.

With enough "free money" I could make just about anything popular.  I could get you to burn your own poop if you got a check for $20 on each turd you burned yourself.  See "clean poop" technology works.

Still you are right all those billions and billions in "free money" (paid by ratepayers so essentially just a transfer of wealth from electrical consumers to those who own solar power arrays) results in a staggering 18 TWh of annual generation .... after 11 years of subsidies .... which is <4% of Germany's electrical consumption and <1% of total energy consumed.  

TL/DR version.  If all the power in Germany was produced by PV your electrical rate would be ~$0.50 per kWh.  The only reason your electric rate is "only" $0.20 - $0.30 per kWh is because of that "inefficient" nuclear, hydro and natural gas is bringing the average down.

[NetworkerZ]

If I had to pay 0.50 Euro I would pay it to save the enviroment. You guys in the US dont care about that yet, but you will do so in the future (or you will have to). Look how you live, look what you eat, look what cars you drive, etc. In 2022 we will be the ones who laughs about you, when you live in a country with 104 (2011) nuclear power stations ... I wouldn't live there. There is something that counts more then money.

Greetz
NetworkerZ

[DeathAndTaxes]

If I had to pay 0.50 Euro I would pay it to save the enviroment. You guys in the US dont care about that yet, but you will do so in the future (or you will have to). Look how you live, look what you eat, look what cars you drive, etc. In 2022 we will be the ones who laughs about you, when you live in a country with 104 (2011) nuclear power stations ... I wouldn't live there. There is something that counts more then money.

Greetz
NetworkerZ

Which has nothing to do with nothing.

1) PV solar isn't that great for the environment.  It is made from a soup of highly toxic chemical and today 65% of it is made in ... China.  Yup those international bastions of clean manufacturing.

2) I would rather had 500 nuclear reactors than millions of acres of high cost PV panels.

3) Even if you are right it has absolutely nothing to do w/ the post you responded to which was about the ECONOMICS of PV SOLAR.