Cheapest electricity in the world

[sevenrustlust]

Here in US it's free, maybe 'cause my parents pay for it

[fuckitall]

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.

Hmmm.....as soon as i am moving to  mining...i am discovering new problems...well.ya...electricity prices are a a big issue for btc miners

[swogerino]

Venezuela but because of their communist government you cannot do a lot with bitcoin mining there. The newest energy which great countries like Japan are after is the Wind Turbine Energy and if they succeed at it after a few years they may have the cheapest and greenest energy in the world.

[Mike Mayor]

in Guinea, the electricity is free, although it is not stable and isn't on 24/7

Posted From bitcointalk.org Android App

Because they are producing their own electricity It think. But if the service is poor and not stable and if the supply of electricity is not even 24/7, I guess the living condition of the people there is not well. Because we need electricity everyday not just a certain hours of the day. Especially at night when you need electricity to run you air-con or your electric fan to help you have a good sleep. I think China is still the no. 1 because of cheap and abundant of electricity 24/7 unless there is a power outage.

China has the most miners because of the fact that their electricity is so cheap. I dont think Guinea it is free 24/7its just there so you can have some electricity even if you dont have enough money to pay for it. The rest of the time the free electricity is off you just pay for the electricity out of their pocket.

Most countries dont even give any electricity for free.

[zmb]

Norway has cheap energy because they have lots of rivers flowing through mountains, so they have lots of hydro electric power plants.

[Mike Mayor]

Norway has cheap energy because they have lots of rivers flowing through mountains, so they have lots of hydro electric power plants.

That's very clever and pretty cool too. Remember though Norway is very advanced. If every country had hydro like that the world would be a better place. Cheap and doesn't damage the environment so it keeps everyone happy.

Venezuela but because of their communist government you cannot do a lot with bitcoin mining there. The newest energy which great countries like Japan are after is the Wind Turbine Energy and if they succeed at it after a few years they may have the cheapest and greenest energy in the world.

Why do you say that ? The biggest how ? Wind doesn't give that much energy how would they concentrate it in order to harness it's energy ? Wind also changes direction so what will you do about that ?

[mynameismudd]

  We have patented the lowest cost battery power in the world allowing for creation of mining operations at less cost than in Iceland and China (where it is subsidized). We are looking for beta test operations who will have free use of the batteries for a year to test reliability. Who here would like to test the batteries?

[bhantom]

You do not need to go abroad to mining bitcoin. Try use power from environment. Water, wind, sun, every with this things can generate power. Thank to her you can mining for free, one thing what you must do is buy or do generator for one of this aspects

[GreatBug]

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.

What about solar panel? Did you think about it? Yes, you have to invest some money to do that but think about income and how much you will cut on bills doing this.

[RKSummer]

Come to my country, electricity is free through various means.

The cheapest electricity in the world??Solar electricity, I guess.

[farfanx4]

In Algeria, Libya and some middle east countries it's totally free it's like a gold mine for coin mining i wish i could benifit from it.

[Fluer]

I've heard that Georgia is on the list of the most convenient countries. Since it offers quite cheap electricity, and cold climate in the mountains. Also Canada is on the list too, but I'm not sure about the price there

[deadthings]

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.

You have to think hard about investing in solar panels, which, of course, requires investment in the very beginning of the money, but it can quickly return.

[BountySoldier]

In Russia we have some regions where electricity costs less 0.01 cent, but due to difficult climatic conditions it's hard to place your mining farm. But a State Corporations are completely ready to place it here

[cryptodata]

we have cheap electricity in Romania in our mining farm .
0,042 Eur / KWH ( VAT included - 19%)

Visit our website
www.cryptodata.ro

we have more that 5000 miners in hosting and Energy installed power . 10,3 mw

[thedarksun]

For me it is not about which has the cheapest cause in my country my friend was looking for the lowest bill to realize with company and they finally accepted his settlement. So it is just about looking for opportunities to have the lowest if you are hardly thinking about for example mining.

[thinkpad99]

we have cheap electricity in Romania in our mining farm .
0,042 Eur / KWH ( VAT included - 19%)

Visit our website
www.cryptodata.ro

we have more that 5000 miners in hosting and Energy installed power . 10,3 mw

I have heard that such phenomena also occur in the countries of South America, although it is hard for me to judge it because it is not interested in it. Still, I'm very happy with this story because it's fun to know what's going on in other parts of the world.

[m_01]

Yes, solar power will be the cheapest way

[MiningDoc]

Yes, solar power will be the cheapest way

Parts of washington state have some of the lowest power rates.  Below 3cents per kwh i believe.

Better to mine with that then buying solar panels.

[Philip Graham]

You know, but it’s really interesting to watch how cryptocurrency is becoming more available for each of us. https://mytc.io/ Ive just checked their website and wanna try it. A blockchain platform to turn time into the cryptocurrency.