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Author Topic: What is average cost of electricity for miners?  (Read 3116 times)
BTCIndia
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July 17, 2014, 03:35:15 PM
 #1

I've heard somewhere in Great County, USA miners have access to very cheap electricity from Hydroelectricity priced around 2 cents/Kwh. I don't know whether its true or not. I can't believe that somewhere in USA, we've electricity so cheap.

Next, in general what is cost of electricity that miners are paying in majority of countries(USA,Canada, Europe, China)?

c. 0 to 0.05 kwh
b. 0.05- 0.1 Kwh
c. 0.1-0.2 kwh
d 0.2-0.3 kwh

If you know rates in your country  then please, I'd like to know more to find best place for mining.
We've in order or 0.1-0.2 kwh. Is it competitive?

He's Nick Sazbo from Washington. I've my answer. Or Hal? :O
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July 17, 2014, 04:39:17 PM
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I have never heard of electric that cheap. Here in North Carolina I pay about .09cents per kw I believe it is because much of our energy comes from nuclear power. When I lived in New York it was significantly more as the residents were afraid of nuclear power.

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July 17, 2014, 05:38:57 PM
 #3

I'm located in Canada, and I'm paying about 12 cents per kWhr.
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July 17, 2014, 06:02:42 PM
 #4

In New York it's about 15 cents per kWh. Pacific Northwest (especially Washington state) have really cheap electricity in many places, though.


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July 17, 2014, 06:36:56 PM
 #5

5 cents a k watt is possible in the northwest.

the northeast is bad 14-16 cents.


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July 17, 2014, 07:28:47 PM
 #6

Holland $0.32 kwh
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July 17, 2014, 10:31:28 PM
 #7

I'm in the Pacific Northwest (About 30 minutes north of Seattle). PUD charges us $0.094/kW/h for electricity. I've heard they're getting rates somewhere in the area of $0.05-0.06/kW/h over in Eastern WA.

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July 17, 2014, 11:25:40 PM
 #8

SE Europe, 7 cents per kwh.

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July 17, 2014, 11:39:38 PM
 #9

Eastern Washington State 3hrs from seattle in Chelan County and I pay 0.027kwh.
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July 17, 2014, 11:52:49 PM
 #10

When I was at CoinSummit a few months ago I met an energy investor who told me that there are certain areas in the Texas panhandle that have so much excess power generation that they will pay you to take energy off the grid during low consumption periods. While I have not been able to independently verify that assertion, it's not far-fetched. In the United States there are three separate energy grids. The breakdown is basically:

  • East of the Mississippi River
  • West of the Mississippi River
  • Texas

That's right, Texas has it's own energy grid. While Californians were suffering from rolling blackouts due to artificial power shortages produced by Enron back in 2001 (http://en.wikipedia.org/wiki/California_electricity_crisis), Texas was actually pumping excess power directly into the ground because the power grids are independent. Texas could have provided the west coast power grid with additional resources, but they had no reason to: The shortage was artificial and who's got the incentive to pay Texas to relieve an artificial power shortage? Certainly not Enron.

I also met the CEO of CloudHashing and he confirmed that the impetus behind building one of his mining farms in Texas was the strength of the power grid and the price of electricity.

In general, in the US, the closer you are to the center of a major metropolitan area, the higher the price will be for electricity. Rates vary according to demand though. In the middle of summer when everybody has their A/C cranked, electricity is far more expensive than in the dead of winter. In Indianapolis I pay between USD 0.07 and 0.11 per kWh depending on the demand. This is coal country...something like 80% of my power comes from blasting the tops off of Appalachian mountains and burning the coal inside. But it's okay, according AES it's "clean coal."
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July 18, 2014, 05:31:45 AM
 #11

In India, it's layered pricing - you pay less/kw if you are using it at home. For mining purposes  this will mostly cross the limits and you might have to pay around Rs 6.25 = $0.1 if you are in Karnataka state.

https://bitcointalk.org/index.php?topic=653588.0

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July 18, 2014, 08:38:12 AM
 #12

Please see this thread for the same topic postings: https://bitcointalk.org/index.php?topic=507157.0

The Pacific Northwest US has the cheapest power in the US - if you're near a hydro dam and buy in bulk you can get under 2 cents per KWH.

The Pacific Southwest US has the most expensive power in the US - my home rate from Southern California Edison is $0.35 KWH for tier 4 which I hit even without mining nor an electric range or car.














 

 

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July 18, 2014, 02:07:25 PM
 #13

In Australia, well you just wouldnt mine without solar power. I cant believe people are still mining.
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July 18, 2014, 03:24:01 PM
 #14

around 0.1 cent per KWH.

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July 19, 2014, 04:33:49 AM
 #15

around 0.1 cent per KWH.

I think you mean 10 cents or $0.10 per KWH.  0.1 cent per KWH hour is essentially free and nobody has that - some people have access to small amounts of "free" power.

It's also helpful to state where you are getting that rate.














 

 

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July 19, 2014, 08:06:50 PM
 #16

We will be paying about $0.025/kWh once we get above 200 kW of demand in Grant County, WA, USA. Before 200 kW, we will be paying around $0.04/kWh. We are offering hosting services for as low as $0.097/kWh all-in, including power, rent, internet, maintenance, cooling, electrical infrastructure, remote access, and security. We expect our uptime to be well above 99%, although we won't make any promises about that until we've been in operation for a while.

Rates in Douglas County are even lower. I think they're 2.35 cents per kWh, regardless of demand. We found a nice building in Grant, though, so that's where we are.

Please keep in mind that electricity prices are important, but they are far from the only costs in running a bitcoin mine. I know of someone in the Wenatchee area who spent about $40,000 just on electrical upgrades for his warehouse, and was only able to put in about 10 kW of equipment before he was unable to add more miners due to a lack of cooling. He also pays more in rent than he does for electricity.

See also https://bitcointalk.org/index.php?topic=622998.200. That's the hosting directory thread.

Hosting bitcoin miners for $65 to $80/kW/month on clean, cheap hydro power.
http://Toom.im
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July 20, 2014, 04:05:03 PM
 #17

Mine is tiered in southern california...

0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34

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July 20, 2014, 05:31:39 PM
 #18

Mine is tiered in southern california...

0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34



751 kWh/mo is about 1.04 kW average utilization, which is a low threshold. This means you would essentially be paying $0.34/kWh for any miners you add, correct?

Hosting bitcoin miners for $65 to $80/kW/month on clean, cheap hydro power.
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July 21, 2014, 12:24:36 AM
 #19

In Virginia, we have tiered charges for generation, distribution, and transmission. Under 800 kWh is a little cheaper. I calculate my rates using the over 800 kWh pricing. All things considered, our prices are really cheap given that we are in a major metropolitan area.

June to September fully loaded price is $0.08/kWh and October to May fully loaded price is $0.05/kWh.
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July 21, 2014, 02:27:23 AM
 #20

Mine is tiered in southern california...

0 - 376kwh = $0.15
377 - 488 = $0.16
489 - 751 = $0.31
751+ = $0.34



751 kWh/mo is about 1.04 kW average utilization, which is a low threshold. This means you would essentially be paying $0.34/kWh for any miners you add, correct?

Yes it's tiered pricing and depending on how you live mining may use only top tier electricity rate.  I live in Southern California and as I posted in another thread my entire family lives very miserly (aka cheap).  We try to keep the total KWH per month under 350 because I hit $0.31 at that point and $0.35 soon after.  I only ran miners to test them before deploying them elsewhere.














 

 

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