Electricity Cost

[Ninietz]

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

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[Josepht]

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

[Ninietz]

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

Hi J,

This is not the way I understood it;

I understood that the electricity cost is the cost of the electricity that you use...
+
the network fee is the fee you have to pay to get the electricity to your home/business from the actual electricity producer
+
And I also understood there was a third cost added to that ? but what ?

[beatljuice]

The electricity cost is what you are paining in euro's or dollars to whatever company you get your electricity from.
The network fee is the fee you pay when you send a transaction to someone.

You only pay the first thing with mining.

I don't agree. There are a lot of little extra charges and taxes on my bill. Plus even if those charges don't fluctuate with how much you use, they still have to be paid.

Here is what I do. These are actual numbers from my last bill.

106.57 US dollars for the month

divided by 913 kWh

equals 0.116725 US dollars per kWh

[cp1]

Are you asking what all the fees are in your electricity bill?  You can find the rate schedule from your utility company and it will give you a breakdown.  For example on my bill:

Generation  50%
Distribution  10%
Transmission  10%
In the states we also pay money to store nuclear waste even though we don't use it.
Other public service stuff
etc

[gamersglory]

I just know I can get it for 5.5 cents a KWH 

[Ninietz]

I just know I can get it for 5.5 cents a KWH 

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

[spazzdla]

The transaction fee can be ignored IMO.  Set your pay out so the fee is .01%

[gamersglory]

I just know I can get it for 5.5 cents a KWH 

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

North Carolina, US
5.5 US cents per Kilowatt hour. with the data center i have a deal with.
Transmission fees are in the rent but not bad with the 850kw load i'm pulling.

[Ninietz]

I just know I can get it for 5.5 cents a KWH 

Could you be more specific;

In which part of the world are you ?
Are what is the actual electricity price ?
And the transmission, network price ?

North Carolina, US
5.5 US cents per Kilowatt hour. with the data center i have a deal with.
Transmission fees are in the rent but not bad with the 850kw load i'm pulling.

Lucky you,
I try to find a similar situation here in old Europe...
And for the moment I'm not so lucky, it is quite more expensive here for some reason

[Bitsaurus]

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

If you want to know what the costs are around the world, please reference this thread:
https://bitcointalk.org/index.php?topic=507157.0

As noted above Generation, Distribution and Transmission prices are placed on each KWh.  Easiest way to see your rate is take your total bill and divide it by the total number of KWh.  Some people are tiered so they pay more the more they use, for those people mining is not really an option.  A few lucky people pay less if they use more.

[Kimowa]

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

First go check your electricity bill, if the price is below $0.1/kwh then its good, if it is above 0.2/kwh you can stop all your mining mediately and sell it.

[R4v37]

just...steal the electricity
if u want to split it...

try this one


from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

[Ninietz]

just...steal the electricity
if u want to split it...

try this one

from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

Really come on ?
With how Watts do you think you can get away ?
before getting caught...

Well please enlighten me, this is entirely new to me...

[philipma1957]

just...steal the electricity
if u want to split it...

try this one

from amazon
http://www.amazon.com/P3-P4400-Electricity-Usage-Monitor/dp/B00009MDBU

Really come on ?
With how Watts do you think you can get away ?
before getting caught...

Well please enlighten me, this is entirely new to me...

power theft is about a lack of greed.  much depends on your own individual setups.

any real heavy duty theft gets caught.   but an s-1 here or there under volted under clock may not be found.

Same idea with an s-3.

 366 watts 24/7/365   is  3210 kwatts a year  at 10 cents that is 321 usd  at 15 cents 480 usd. 

many of us can slip this  past people.  some of us do.   

  Myself no, but lets face it 1 s-3 you may be able to do.

 many people work in an office  running an s-3 in a skyscraper that has 150 cubicles along with 20 private

offices you can be sure people are doing that. 

[FlyForFun]

Solar is the best at reducing electricity cost right now.

[Dalkore]

0.023-0.027 in Washington State.   

-D

[ALToids]

0.023-0.027 in Washington State.   

-D

Dalkore, roughly how much hashing power are you supporting with your co-loc service currently?

[Sniar]

Hi everybody, can you help me out with this;

I was trying to understand within the mining process the calculation of the electricity price;

How can one sub-divide the electricity price ?

First, there is the price of the actual electricity

Second, the network fee, which must be like a tax on top of the electricity price

Third, what else am i missing in such a calculation ?

Thank you if somebody could clarify this for me, I'm a little lost.

For those big miner now ussually they use free electric power you can get it depends on which country you at and more research you will see .