Cheapest electricity in the world

[panholic]

Dubai for more than 10000 kWh per month charge residencial/comercial. Cost is about $1000/10000kWh
Thats the top of the range charge 38 fils/1 kWh (100 Fils = 1 Dirham UAE)

 

[noelmal]

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.

well Australia has the most sun so the cheapest electricity

[lulzpid]

Nuclear power is pretty much the best solution. Unfortunately due to our shitty government I cannot develop a small reactor without being blown up by a drone.

[Elein]

In my contry I think is pretty expensive, 1dll = 10 kw/h

[noelmal]

Nuclear power is pretty much the best solution. Unfortunately due to our shitty government I cannot develop a small reactor without being blown up by a drone.

buy your own drones

[carbocation]

You know what would be killer??
ASIC for scrypt mining.

scrypt requires a fixed amount of RAM per thread (this is one of its major features). So to make scrypt highly parallelized, you'd also need tons of RAM. (Right now, litecoin is tuned such that each thread requires only ~128kb, but even that meaningfully limits how many parallel hashes you could compute.)

[dommyet]

i am now a university students and i live in school. our electricity price is very cheap, about 0.08USD/kwh. However, i did modification to the electricity meter and now i am using free electricity.

[villian]

If you really want to mine with high electricity cost, try FPGAs

[ganabb]

Canada is cheap

[Dexter44]

Pv panels = free energy

[Adano]

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

[dommyet]

You know what would be killer??
ASIC for scrypt mining.

i don't think this will come true in a short time. so LTC mining is much more FAIRER then BTC mining. everyone can get devices that are almost the same, i think finally the man who has FREE ELECTRICITY will win this competition.

[strange]

Right now I wish I didn't live in the UK 

[Adano]

i don't think this will come true in a short time. so LTC mining is much more FAIRER then BTC mining. everyone can get devices that are almost the same, i think finally the man who has FREE ELECTRICITY will win this competition.

There is no such a thing as "free electricity", and I think you know that.

Yes, you can steal few MWh/month for few months or even years may be. But you are not going this way if you invested seriously in hardware. Data-center using cheap but legal energy wins and owner of few videocards running free but illegal energy loose.

[Adano]

i don't think this will come true in a short time. so LTC mining is much more FAIRER then BTC mining. everyone can get devices that are almost the same, i think finally the man who has FREE ELECTRICITY will win this competition.

There is no such a thing as "free electricity", and I think you know that.

Yes, you can steal few MWh/month for few months or even years may be. But you are not going this way if you invested seriously in hardware. Data-center using cheap but legal energy wins and owner of few videocards running free but illegal energy loose.

Well. I'm wrong. There is free but legal energy. Almost free and absolutely legal. Almost free, not free.

[ning]

If you are living in a college dorm...

[symzzi]

Pretty expensive here in London.

Nowhere near enough to stop me mining but enough to make a significant dent in my revenue 

[kodo]

It would be so epic to have a solar panel miner

[ph111]

I would expect african countries or Asia..

[DBOD]

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.