Cheapest electricity in the world

[kodo]

I wish i had free Electricity..

[mryayo]

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

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

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

[CarlosDanger]

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]

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]

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!

--B

[ziomar]

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

[RealBitcoin]

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.

[imex]

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:)

[crairezx20]

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...

[Furio]

Turkmenistan, free for all citizins....

[Sir_lagsalot]

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

*Plugs miner into MacDonalds power point*

[xinzark]

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  . But beaware of getting Caught

[RealBitcoin]

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.

[hundollars]

I have costlier electricity in my country. Only China may has cheaper one.....

[Christyfrazier]

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]

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.

[Furio]

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

[notlist3d]

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

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.

[Amph]

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

waste of time thinking that solar are a better investment, you pay basically electricity in advance

what is matter is cheap electricity but also the initial investment, you can invest big in miners and solar but you need to selle evrything later, fi you want a fast and big profit, with little risk

[notlist3d]

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

waste of time thinking that solar are a better investment, you pay basically electricity in advance

what is matter is cheap electricity but also the initial investment, you cna invest big in miners and solar but you need to selle evrything later, fi you want a fast and big profit, with little risk

Solar is so long term it's practically more of a investment on the house it's on.   It could be 10 years before you get it back.  And if your using a lot of BTC miners the cost of it can be huge.

The person that wins every time is the one who finds cheap electricity.  Cheap electricity always will win out over solar/wind/ etc.