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Author Topic: Cheapest electricity in the world  (Read 20617 times)
ph111
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May 21, 2013, 06:29:52 PM
 #61

I would expect african countries or Asia..
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DBOD
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May 21, 2013, 06:41:26 PM
 #62

I've been running 9 machines for 15 years looking for obscure math solutions. I might as well be hunting for bitcoins. I'll lose less money LOL.
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May 21, 2013, 07:01:00 PM
 #63

I wish i had free Electricity..

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July 27, 2013, 04:44:02 AM
 #64

 Vancouver if you are in Commercial is relatively good, my office we pay anywhere between .05 to .088 cents per kWh Grin

Residential is the most expensive here, with the first 1376 Kw charged at .069 per kWh and after that .1034 per kWh  Angry

https://www.bchydro.com/accounts-billing/customer-service-residential/residential-rates.html?WT.mc_id=rd_conservationrate

https://www.bchydro.com/accounts-billing/customer-service-residential/residential-rates/residential-bills.html

Canada eh?
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July 27, 2013, 05:04:43 AM
 #65

Cuba probably.
I wonder if there are miners in Cuba...
Probably pretty hard to get cards down there!

VoluntaryMan makes a good point, you might need to consider an area that will have the means of buying/selling new equipment easily, and quickly as mining to me seems like an arms race..
I've had the thought that at some point when all coins are in circulation there may not be a point of profitability maybe??
mberg2007
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August 07, 2013, 02:16:42 PM
 #66

Pv panels = free energy

Problem is that in many countries you can make more money selling the power from the pv panel than you can mining bitcoins. Like here in Denmark for example.

Also there is the problem with cloudy days and - obviously, nighttime operation. Figure about 5-8 hours of operation per day, during the summer time. Unless you oversize your pv power station, which again pushes the roi further out into the future (with higher network difficulties and even less coins produced).

-Michael

bkava
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August 07, 2013, 04:28:39 PM
 #67

Iceland.

Most people under 30 speak English. Power is 4 cents / kwh, and cooling free year round by ambient air.
Plus society is stable with minimal corruption theft risk and women are good looking.

Case closed!

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ziomar
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August 21, 2015, 11:27:57 AM
 #68

We are starting a mining farm in Kyrgystan.
0.04 USD KW/H for industrial electricity

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August 21, 2015, 05:11:45 PM
 #69

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?

Price will come down soon. It used to be 100,000$ 15 years ago, I remember a guy first buying solar panel in my neighborhood, he was a rich guy, spent 100,000$ (there wasnt even euro back then) to buy himself a solar panel to his house.

So wait a few more years and it will come down to 1000-2000$ which will be a totally affordable cost, given that electricity is a basic necessity.

It's like investing in a farm first 1000$ so that you never ever have to spend a single dime for tomatoes in your life.

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imex
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October 11, 2015, 09:05:38 AM
 #70

South Korea is cheap. About 0.07 USD/kWh for industrial purposes. Even cheaper for farmers.
But extremely expensive for houses and the more you burn the more you pay for every kWh. Up to 0.5 USD/kWh
then lets do business in Korea:)
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October 11, 2015, 09:29:23 AM
 #71

We are starting a mining farm in Kyrgystan.
0.04 USD KW/H for industrial electricity
Wow this is very profitable if you mine there. In my country has rate of 0.47 usd per kw/h. That why i dont mine here in our country if there a new ant miner releasing with power saving maybe i can mine here...

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October 11, 2015, 09:56:11 AM
 #72

Turkmenistan, free for all citizins....
Sir_lagsalot
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October 11, 2015, 10:08:22 AM
 #73

Cheapest electricity? Oh, I wouldn't know...

*Plugs miner into MacDonalds power point*

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October 11, 2015, 10:10:44 AM
 #74

I think the cheapest electricity is available in my country lol
Only $0.8 for 20 units which is minimal charge and only 7 cents for further consumption

Cheapest electricity? Oh, I wouldn't know...

*Plugs miner into MacDonalds power point*

Good idea  Grin. But beaware of getting Caught



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RealBitcoin
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October 12, 2015, 10:52:50 AM
 #75

I am wondering which countries in the world have the cheapest electricity, and would thus be ideal for mining bitcoins.

I am from Australia, and I can tell you that we have some of the most overpriced electricity in the world, meaning I will probably need to go overseas if i want to mine competitively.

Iceland, China, or buy your own solar panels and move near the equator.

Where I live its pretty sunny, but I cant afford a solar panel setup plus I live in apartment. But if you live in a house, its easy, eventually take out a loan, because the amount you save in electricity will be unheardof.

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October 12, 2015, 11:04:18 AM
 #76

I have costlier electricity in my country. Only China may has cheaper one.....
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October 12, 2015, 12:53:13 PM
 #77

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?
solar power is good for a long-term option for power
xinzark
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October 15, 2015, 09:58:27 AM
 #78

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?
solar power is good for a long-term option for power

Yeah solar power is good but only for home expenses. If we need power for something like industrial purpose or Mining then instead of investing in solar panels it will be better to invest on mining rigs.

For example if we are starting a small business then we only rent a small part of the apartment not the whole apartment.



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Furio
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October 15, 2015, 01:35:44 PM
 #79

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?
solar power is good for a long-term option for power

It is if you steal the panels Grin
notlist3d
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October 15, 2015, 03:05:18 PM
 #80

Have you considered solar power? You could create a free to run miner that only runs during the day.

Solar isn't free.

Tell you what I'll sell you all the free solar you want.
You pay me $10,000 per KW upfront and I will provide you lifetime "free" power.
How many "free" KW you want to buy right now?
solar power is good for a long-term option for power

It is if you steal the panels Grin

I think it would be pretty obvious when a good amount of panels go missing and all the sudden you have a nice setup with like panels.   Even though I think your joking it's a really bad idea.

Solar and bitcoin are really 2 different ivestments.  Solar is long term investment.  It will be a good amount of years of hoping to get ROI.   If anything breaks... you don't look so good on ROI.  But if keeps working you will ROI were just talking about a decent long term investment.
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