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Author Topic: What is average cost of electricity for miners?  (Read 3115 times)
Billbags
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July 26, 2014, 06:12:36 AM
 #21

For me this seems to be right on the price is 1200watts=$100usd a month. I take my total watts and devide by 12. It works out right every month for my electric rates here.

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ThomasCrowne
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July 27, 2014, 05:28:09 AM
 #22

We fall into the B. answer up here in the Silicon Forest (Oreygun) ;-)

Currently sitting at ~0.08/kw/h

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July 28, 2014, 12:44:31 PM
 #23

about 10 cent

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July 29, 2014, 09:41:09 PM
 #24

0.14$ per kwh, Croatia

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July 29, 2014, 10:40:13 PM
 #25

I'm in Texas where power is pretty cheap, but I can't bring myself to run my ASIC miner because it seems so wasteful. 

So, I went to Peercoin and I am a fully distributed, decentralized minter now. 

A full node can be run on less than 3 watts.

There is a program where you can get 10 PPC for setting up a node on a Raspberry Pi.

It is linked here: https://bitcointalk.org/index.php?topic=715971.new#new
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July 30, 2014, 05:40:51 AM
 #26

Currently paying ~0.075/USD/kw here in Oregon.  I too have heard of 2 cent per kilowatt hour electric somewhere in Eastern Washington I believe.  Isn't that where Megabigpower resides?

Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh

My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there.  Absolutely nuts!

Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.

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July 30, 2014, 05:59:49 AM
 #27

Currently paying ~0.075/USD/kw here in Oregon.  I too have heard of 2 cent per kilowatt hour electric somewhere in Eastern Washington I believe.  Isn't that where Megabigpower resides?

Here's a quick summary of average prices around the world circa 2013
http://theenergycollective.com/lindsay-wilson/279126/average-electricity-prices-around-world-kwh

My friend that lives in Denmark as well as my girl's family living in Germany confirm the two most outrageous #'s you'll see there.  Absolutely nuts!

Interesting to see how much electricity costs vary from region to region and see people's posted costs here in the threads.

Yes that is painful to look at.  I could moved some of my miners to my in-laws in Seattle since power is about $0.02 but I can only keep my most stable of rigs up there since every has to be controlled remotely.  One lockup and it's 3 months of downtime.

No way in hell can I mine here in Los Angeles with $0.36 rate.  1000 miles away, 18x the cost - makes total sense  Roll Eyes














 

 

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cannon
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August 04, 2014, 01:25:55 PM
 #28

2 cents\Kwh??U kidding me?i never see so cheap place anywhere.
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August 04, 2014, 08:08:35 PM
 #29

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?

Correct, I too am in California with this tiered structure...started mining and hitting the $0.34 tier Sad
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August 05, 2014, 12:31:00 AM
 #30

Correct, I too am in California with this tiered structure...started mining and hitting the $0.34 tier Sad

Yeah, in 2013 I was mining at home and then moved into a datacenter in early 2014. The cost was less of a factor then, I exceeded my power panel in December and popped breakers and all sorts of stuff.  These days you would need a lot of equipment running to pay off a high power bill and get a profit.

I read an article a while back where some miner got caught using city power to run miners, he built a fake utility box next to a power outlet in a park and used wifi for a connection. Made the metal box all beat up and look old, a touch of worn out graffiti and what not. He had it mining for months until, of all things, the homeless would get next to it to stay warm at night. The city wanted to put an end to it and wondered why the box was warm... da da da! The jig was up... lol.
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August 05, 2014, 03:50:16 AM
 #31

Sydney, Australia: 0.35-0.49. off peak and peak

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