The cost of electricity in the world

[Cryptoleonardo]

Hi,

Which country has the cheapest electricity and how much is costs?

[1715546841]

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[1715546841]

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[1715546841]

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[Guard]

i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

[Cryptoleonardo]

i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

I would prefer to answer from your own experience. I for example in Poland, pay 0,42 zł city continued price increases to 0.60 zł MIn i was paid 0,35 zł. (zloty)

[Biffa]

I think you would need to standardise on a conversion currency, say $

[Dexter770221]

I think you would need to standardise on a conversion currency, say $

Thats somwhere around 0.14$/kWh (3.36PLN/$)

[abyrnes81]

Hi,

Which country has the cheapest electricity and how much is costs?

I think China has the cheapest electricity cost in the world , but maybe I'm wrong.

[bigredbutton]

.09$/kWh

[Kprawn]

i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

Those prices are VERY outdated.  Anyone have some more recent pricing/stats?

[ligeros]

i think it will help you to find your answer

http://en.wikipedia.org/wiki/Electricity_pricing
or
http://shrinkthatfootprint.com/average-electricity-prices-kwh

I would prefer to answer from your own experience. I for example in Poland, pay 0,42 zł city continued price increases to 0.60 zł MIn i was paid 0,35 zł. (zloty)

If we are going to compare prices in our countries, we'd better translate them in one currency. Euro or dollars.
BTW, in many countries (like Russia, Ukrain, China) the prices are very different in different cities.

[mwizard]

Iceland has electricity at around $0.05 to $0.06 USD/kWh (0.05 Euro/kWh) for industrial consumers.  Basically Iceland has surplus geothermal energy.

See for example the following from 2012.  

http://icestat.wordpress.com/2012/11/01/iceland-eu-electricity-prices-2011/

Domestic rates seem to be around 6 or 7 isk/kWh which is also around $0.05 or $0.06 per kWh.

See, and translate into English,   http://www.or.is/vorur-thjonusta/rafmagn/verdskra

[abyrnes81]

.09$/kWh

Interesting price ,  but what is the name of this nation ? Maybe is it in Asia ?

[roslinpl]

I think the best idea but well ... not yet "perfect" is to be independent from the electricity monthly costs.

Idea like this one:



Solar power plant in your own building is the future of low electricity costs.

At the moment devices needed to make it happen are quite expensive and you need many years to ROI investment




Kind regards.

[Johanna]

Hi,

Which country has the cheapest electricity and how much is costs?

Iceland is the cheapest, if you have the capital to build a geothermal then you can sell any excess electricity. Good investment..

[abyrnes81]

Hi,

Which country has the cheapest electricity and how much is costs?

Iceland is the cheapest, if you have the capital to build a geothermal then you can sell any excess electricity. Good investment..

So Iceland is better than all the Asia ?  I  didn't know this thing.

[Amph]

probably china or something near there, also i heard that in russia they still are able to use the old magnetic trick to have free energy lol

[picolo]

France has cheap prices. Some countries have free electricity, maybe Iran?

[abyrnes81]

France has cheap prices. Some countries have free electricity, maybe Iran?

I think the best choice for now is : iceland , but also some country in Asia are good.

[newIndia]

Hi,

Which country has the cheapest electricity and how much is costs?

Electricity costs highly varies among different states in India. It also varies provider to provider. Different slabs are there for different industry. So, you can not have any exact figure.

[TrianglePythagoras]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

[abyrnes81]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

[picolo]

France has cheap prices. Some countries have free electricity, maybe Iran?

I think the best choice for now is : iceland , but also some country in Asia are good.

Iceland is a good choice to mine also because it is cold.

Mining at your parents is very cheap too

[ligeros]

In Moscow the price of kwh is between 3.15 and 4.50 RUR.
Three months ago it was $0.08-$0.12.
Today it's $0.05-$0.08.
Tomorrow it could be $0.03, because RUR is falling down very fast

[Medow]

We have a rate of 0.02 per Kw here in Sudan for industrial area.

[hashme]

For me (Russia) it's about $0.04/kWph
and yes-

Tomorrow it could be $0.03, because RUR is falling down very fast

[dsly]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

[Thenen]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

Why people keep mentioning china? I though china is like USD 0.15 per KWH or something?

[ALToids]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

Why people keep mentioning china? I though china is like USD 0.15 per KWH or something?

Probably because more then 1/2 of the worldwide hashing power is now in China.

[Medow]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

Well, I don't think electricity would be free anywhere. It might be available for a very low cost instead. I think China and Russia have the cheapest Electricity available.

Is it cheaper than .02 kw which  we have it here in Sudan?

[ligeros]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

[TrianglePythagoras]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

I wonder if they are still providing free services.

[dsly]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

I wonder if they are still providing free services.

I think they no longer offer free electricity, as we would have the biggest mining operations going on there instead

[lili song]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

[ligeros]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

Turkmenistan is closed and happy country
It has enough resource to distribute them for free (but not unlimited! there are some limits for every citizen).

So, from 1993 and until May 2014 every car owner could use 120 liters of free gazoline every month. It's not a big problem, the price for 1 liter now is $0.16, before 2008 it was $0.02.

Consuming of electricity is also limited by 35 kw per family member in month. If you need more, you'll pay $3,23 for 1000 kwh. So, the average family of 5 members in Turkmenistan pays for electricity about $12-14... in year

[picolo]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

Turkmenistan is closed and happy country
It has enough resource to distribute them for free (but not unlimited! there are some limits for every citizen).

So, from 1993 and until May 2014 every car owner could use 120 liters of free gazoline every month. It's not a big problem, the price for 1 liter now is $0.16, before 2008 it was $0.02.

Consuming of electricity is also limited by 35 kw per family member in month. If you need more, you'll pay $3,23 for 1000 kwh. So, the average family of 5 members in Turkmenistan pays for electricity about $12-14... in year

A lot of countries that have gas or oil offer free electricity or very cheap gas. The cost of extraction and taking out the impurities can be 15$ or lower for some countries. 

[ligeros]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

Turkmenistan is closed and happy country
It has enough resource to distribute them for free (but not unlimited! there are some limits for every citizen).

So, from 1993 and until May 2014 every car owner could use 120 liters of free gazoline every month. It's not a big problem, the price for 1 liter now is $0.16, before 2008 it was $0.02.

Consuming of electricity is also limited by 35 kw per family member in month. If you need more, you'll pay $3,23 for 1000 kwh. So, the average family of 5 members in Turkmenistan pays for electricity about $12-14... in year

THats crazy, I guess I need to relocate myself. What do you mean by its closed?

Not frienly for travelers. Closed from outside information. Free access to Internet appeared only with new president. High speed  Internet is expencive.  Access to YouTube, Facebook, Twitter is forbiden.

[bitrev]

@22 eurocent home
@14 eurocent in a DC

>> The Netherlands.

[chicagoleo]

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

[cyberpinoy]

Electricity in the Philippins is 0.22 USD per KWH if under 1000 KWh per month, if you use over 1000 KWh per month your rate is 0.28 USD per KWh. if you rent a place then the electricity can be up to 0.38 USD per KWh because landlords add 2 to 4 pesos per KWh for the electric. Very high just about non profitable to run miners right now. We turn our farm on for about 6 hours a day only. The electricity combined with the fact Philippines has the worst internet in the world with Shared internet makes mining in the Philippines almost inmpossible. We are looking into solar power right now to eliminate all power costs and brownouts (Blackouts) they have here. The internet is just FUTILE

[bigredbutton]

.09$/kWh

Interesting price ,  but what is the name of this nation ? Maybe is it in Asia ?

Actually I live in the USA. We have even cheaper electricity on the east side as low as .02$/kWh. GO WASHINGTON STATE!

[picolo]

Electricity in the Philippins is 0.22 USD per KWH if under 1000 KWh per month, if you use over 1000 KWh per month your rate is 0.28 USD per KWh. if you rent a place then the electricity can be up to 0.38 USD per KWh because landlords add 2 to 4 pesos per KWh for the electric. Very high just about non profitable to run miners right now. We turn our farm on for about 6 hours a day only. The electricity combined with the fact Philippines has the worst internet in the world with Shared internet makes mining in the Philippines almost inmpossible. We are looking into solar power right now to eliminate all power costs and brownouts (Blackouts) they have here. The internet is just FUTILE

It is expensive!

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

In Turkmenistan ? I've find these articles :

- http://www.rferl.org/content/turkmenistan-free-gas-ends/25234662.html

- http://wtffunfact.com/post/65303536227/water-and-electricity-and-gas-are-free-in-turkmenistan

That´s hard to believe, but last 20 years (from 1993) electricity, gas, water, salt and gasoline were free in Turkmenistan. I heard last year their governement decided to limitate free consuming.

Is there any reason why they offering free ?
Is the resource still unlimited because nobody can utilize it ?

Turkmenistan is closed and happy country
It has enough resource to distribute them for free (but not unlimited! there are some limits for every citizen).

So, from 1993 and until May 2014 every car owner could use 120 liters of free gazoline every month. It's not a big problem, the price for 1 liter now is $0.16, before 2008 it was $0.02.

Consuming of electricity is also limited by 35 kw per family member in month. If you need more, you'll pay $3,23 for 1000 kwh. So, the average family of 5 members in Turkmenistan pays for electricity about $12-14... in year

THats crazy, I guess I need to relocate myself. What do you mean by its closed?

Not frienly for travelers. Closed from outside information. Free access to Internet appeared only with new president. High speed  Internet is expencive.  Access to YouTube, Facebook, Twitter is forbiden.

You can use a VPN but you have to hide for everything to be safe there.

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

Nice!

[Newar]

Canada can be quite cheap too at ~7 Cents in the Hydro provinces. But then they are also looking to tax bitcoin miners.

Sweden has a huge hydropower plant near Boden. Facebook et al build datacenters there. I think this is also the location for KNC.

Iceland is cheap if you get the industrial rate.

Depending how low feed-in tariffs drop it could also be worthwhile to talk to small micro/mini hydropower plants. Or build one yourself if you have the location, from about 50k, I hear.
http://www.zotloeterer.com/welcome/gravitation-water-vortex-power-plants/realisation/

There was a post about a location in Venezuela with 5 Cents or so, but then you have to worry about heat. Same in Thailand (~8 Cents).

When you do your research you will find there is no "cost per country". It depends on the infrastructure among other things and prices are per the actual location.

You might find this thread interesting: https://bitcointalk.org/index.php?topic=622998.0

[NUFCrichard]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

[caga]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

[crazyearner]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Nope and UK England is just as bad than Germany. current prices depending on who you are with are about £0.10 to £0.35 and a standing charge of £0.25 to £0.30 per day. Prices here are getting to be a joke then adding VAT on top of prices hikes to around £0.17 ish per unit for Electricity. While Gas being around £0.03 to £0.05 per unit.

[picolo]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Nope and UK England is just as bad than Germany. current prices depending on who you are with are about £0.10 to £0.35 and a standing charge of £0.25 to £0.30 per day. Prices here are getting to be a joke then adding VAT on top of prices hikes to around £0.17 ish per unit for Electricity. While Gas being around £0.03 to £0.05 per unit.

"Renewable" energy like windmill cost more than other sources.

Nuclear is very cheap.

[ligeros]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Not in Spain. They pay monthy fixed price to electricity provider (let´s say 15 euro), plus 0.12 euro per kwh.

[sherbyspark]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Nope and UK England is just as bad than Germany. current prices depending on who you are with are about £0.10 to £0.35 and a standing charge of £0.25 to £0.30 per day. Prices here are getting to be a joke then adding VAT on top of prices hikes to around £0.17 ish per unit for Electricity. While Gas being around £0.03 to £0.05 per unit.

"Renewable" energy like windmill cost more than other sources.

Nuclear is very cheap.

Thats true, but thats only because the initial cost is high.
the government usually takes care of that, by offering just a little higher than what it costs to them.
I think Sweden has low prices for electricity,

[yenzae0215]

about $.22/kwh in Philippines )

[Braedo]

Paying about $AUD 0.22KWh in Australia

Would love to get mining but Its not viable at all.

[dsly]

In Russia it varies a lot. At my place it is 7 cents per KWH. At another neighboring city its 12 cents.

[lili song]

about $.22/kwh in Philippines )

Mine about $ 0.1/ kwh in indonesia

[Bananana]

about $.22/kwh in Philippines )

Mine about $ 0.1/ kwh in indonesia

I remember reading somewhere that indonesia have a few tier, and it should be more expensive then $0.1/kwh when the their gets higher (highest is 0.2/kwh I think).

[cheekychap]

In Australia is around 25-30 cents. I think according to google , cheapest is in India and China.

[anx]

~0.061c/kWh @ 230V (industrial power contract) (power and distribution to your location(grid))
~0.096c/kWh @ 230V (private customer) (power and distribution to your location(grid))

these are the lowest prices here(europe, finland) I could find

Edit: all prices are in euro

[takagari]

I pay canadian 7 cents.

In bulk we can get it down to 5 or even lower

[stonerider]

Does anyone know how much it is in Alaska?

[Medow]

From what i can see from replies , Here in Sudan we have the most cheap industrial power , only 2 cents per Kw for industrial area.

[Shazam!!!]

.13 in Michigan.

[jeffhuys]

Ahh, I remember the good ol' days where I would mine at school or when my parents weren't home...

"Free" power is the answer, shame that it's never really free.

I'm from the Netherlands, but I don't really know the price of power here. Who does/where can I find that?

[Newar]

[...] Who does/where can I find that?

Call your local power company?

[anx]

[...] Who does/where can I find that?

Call your local power company?

or check their website for the current prices on power and distribution

[Kprawn]

This is the main reason why I cannot mine in my country of origin.

The electricity prices are crazy and VERY unstable too... and that is any miners worst nightmare.

You should consider stability with cost... You might have VERY cheap prices, but it might be VERY unstable too...

We had to run diesel generators for 1 to 2 hours a day, when power outages occured, and that made mining impossible. {The cost of fuel was more than what the return on mining would have been}

[juraj1301]

Hey...here in croatia is getting low because new gouverment is here

[picolo]

Hey...here in croatia is getting low because new gouverment is here

Free is better than low.

[naoufel]

I am just new to mining and bitcoin and just working it out if is good or bad investment . But I live in Algeria and price of electricity is :0,017 euro for the first 128 kwh then 0,038 euro after which is about 0.04 usd .

[MichaelBliss]

Mongolia.  It is free there.   

[lolled]

I am just new to mining and bitcoin and just working it out if is good or bad investment . But I live in Algeria and price of electricity is :0,017 euro for the first 128 kwh then 0,038 euro after which is about 0.04 usd .

Nope not worth starting mining anytime now. Next year halving happens, you will have more loss.

[runningfree]

Well the cheapest is definitely not in Europe. Perhaps South America somewhere, Ecuador?

[cryptovigilante]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

energy free? i doubt

[picolo]

I read somewhere that electricity in turkmenistan is free. Does anybody know if this is true?

energy free? i doubt

Since 1993, citizens have received government-provided electricity, water and natural gas free of charge on a guarantee scheduled to last until 2030.[8]

Apparently yes but I bet it's not an illimited amount.
Cloud mining companies should all go where the electricity and maintenance costs will be cheaper and where the regulation, weather and all aspects are good for cloud mining. Most of them go there but not all.

[philipma1957]

Is mining even profitable, even if you have free electricity ?

duh  what do you think the answer is to your question?  Hint begins it  with a Y and  ends with an s

[dsly]

Well the cheapest is definitely not in Europe. Perhaps South America somewhere, Ecuador?

I would say somewhere more cheaper in Asia. However Europe having a lot of natural resources should make it the cheapest.
Surprised that its not.

[lolled]

Well the cheapest is definitely not in Europe. Perhaps South America somewhere, Ecuador?

I would say somewhere more cheaper in Asia. However Europe having a lot of natural resources should make it the cheapest.
Surprised that its not.

Well the infrastructure cost for that is huge and due to that they are not able to deliver electricity at a very low cost.

[juraj1301]

Hi,

Which country has the cheapest electricity and how much is costs?

here in croatia,price of our electricity is one of the lowest in EU... But now is getting higher.

[MarkMJ]

Hello,

In my country is about 0.14$ and i'm from romania!not happy at all anymore.

[btcminer021]

I think you would need to standardise on a conversion currency, say $

I thought that would be obvious to people... guess it bears stating bluntly based on the the responses...

[MilesJohan]

Mongolia.  It is free there.   

Even them, I am surprised there aren't mining hubs there.

[Pepin]

I am in Shanghai, China, and my electric bill says that it is $.10 US per kilowatt hour during the day and $.05 US per kilowatt hour during the night. It doesn't say what hours are considered night time or day time, but from the amount of electricity used, I am guessing that the night time rate is for between 7-8 hours per day.

[najzenmajsen]

probably china or something near there, also i heard that in russia they still are able to use the old magnetic trick to have free energy lol

" old magnetic trick "
what is that O_o

[RealMalatesta]

From what i can see from replies , Here in Sudan we have the most cheap industrial power , only 2 cents per Kw for industrial area.

The prices seem indeed to be pretty low:

http://www.rcreee.org/sites/default/files/rs_latest_-electricity_-prices_schemes_in_rcreee_-ms_6-2013_en.pdf

How is electricity produced there? And sorry if I don't know a lot about your country, but I guess that the climate also requires some cooling. So if you consider this, how much would the price per kW be?

[picolo]

Cheap electricity if you have a bike producing electricity :

[Erkallys]

I live in France and here, there is two prices : the first, called "heures pleines" wich correspond at day, from 6am to 10pm is $0.18576. The second, called "heures creuses" wich correspond at night, from 10pm to 6am is $0.13621. But the average is $0.16777. I don't if it's cheap but everyone say that. Maybe because we product 77% of our electricity by nuclear central.

[Bananana]

Cheap electricity if you have a bike producing electricity :

Tried that and it can only produce power enough for a light bulb and I wasted more money on food.

[Ume]

You can get cheap electricity by using solar panels . But i think china has the cheapest electricity .

Facts : china give free electricity , america buy electricity
From peoples .

[Medow]

From what i can see from replies , Here in Sudan we have the most cheap industrial power , only 2 cents per Kw for industrial area.

The prices seem indeed to be pretty low:

http://www.rcreee.org/sites/default/files/rs_latest_-electricity_-prices_schemes_in_rcreee_-ms_6-2013_en.pdf

How is electricity produced there? And sorry if I don't know a lot about your country, but I guess that the climate also requires some cooling. So if you consider this, how much would the price per kW be?

We use Hydro power here in Sudan .

The climate indeed is very hot 45c on summer.

But our established ware house is build by using evaporative cooling which it doesn't use a large a mount of power.

Our building is 100mx10m we spreed the evaporative cooling pad on the whole one of 100m side and we fill the other 100m side with a large industrials fans which suck the whole hot air produced by gears and suck cold air come through evaporative cooling pad.

it give us constant 20-25c cooling .

it just like this photo:

 

The price on pdf is not correct we pay .160 SDG per kw for industrial business and 1 USD is equal to 8.75 SDG.

0.160/8.75 = 0.0183 USD.
And this is less than 2 cent per kw.

[pcfli]

based on my Knowledge
most of the mining farm in china pay the electricity according around 0.07-0.08$ per kwh including bitmain's farm

[Newar]

based on my Knowledge
most of the mining farm in china pay the electricity according around 0.07-0.08$ per kwh including bitmain's farm

Wow, really? i thought it would be sub 0.05 for sure.

[cheekychap]

based on my Knowledge
most of the mining farm in china pay the electricity according around 0.07-0.08$ per kwh including bitmain's farm

Wow, really? i thought it would be sub 0.05 for sure.

I think its actually around 0.05 for the mining farms. The 0.07 -0.08 is for urban areas, but factories and industries requiring large amount of electrcitiy are able to get it cheaper.

[pcfli]

not that cheap if the provider is legal

[MilesJohan]

not that cheap if the provider is legal

The provider is almost always legal .its different countries having different cost of electricity to produce it.

[kuusj98]

Yeah live in the Netherlands and we got like mad expensive electricity.

0.265$ per KwH, could you even imagine what mining was for us back in the good ol' days?
Almost impossible, we always gambled on good hardware sales.

[MilesJohan]

The price of electricity here in UK is quite expensive around 20-40 cents per KwH. I doubt anyone even mines here.

[redhunter]

Not sure if this link has been provided before, but it seems accurate for a few places that I'm aware of in the states:

http://www.electricitylocal.com/

I've got different rates based on season and usage for my residence.  Fortunately for my location they have regressive rates so my incremental miner power use is at the lower rates, which is currently under USD 0.08 kwh.

[unamis76]

Some of you have dream electricity costs around this thread, but lately I'm seeing quite high prices. Not feeling all that bad after all haha About 0.22$/kWh here.

[CHILA]

Argentina:
0.07$/kWh

[Nowi]

At central Europe we are saying that in USA is low cost elecricity, so I should us your own state elecricity if you are from USA, but if you can realizate it then you can mine at South America there is low cost too I thing.

[GreatNorthData]

If you're looking for low cost electricity, we're hosting in Labrador. Send me a PM.

[Minerjoe]

You should look for places with renewable power sources. These are the cheapest ones. Most of farms are in Iceland and Bosnia.

[RealMalatesta]

Low cost energy is one issue. What I always hear in discussions is that people are very much concerned about how the energy is produced, i.e. if it is green energy or if it is produced by burning coal. For the future of Bitcoin-mining, it may become crucial how the energy is produced. Price + "green label" + "use of produced heat" may become an issue for potential new Bitcoin-users. At the car fair in Geneva, Tesla was showing its newest models, and when talking to potential buyers about how they could pay the power for the Tesla with Bitcoins, this was always an issue.

[edric]

This is somewhat apropos to the discussion here, and I feel like talking about it will make it happen sooner..

(In case of tl;dr, we own property in prime wind energy zone, if they build on our land, my family gets big bucks and free electricity, I establish nerd colony and datacenter in the desert.)

My mom's side of the family owns a large ranch in the Texas panhandle (Motley County), of which my mom and her brothers each own a share (which of course will be inherited and diluted amongst my siblings). Anyway, over the last several years, there's been massive amounts of wind farms being constructed all over West Texas (probably elsewhere too) in extremely rapid fashion. The panhandle region of Texas is by and large extremely rural, consisting mostly of farm and ranch land, and our property is in a geographically prime spot (excellent wind and located near new power grid infrastructure designed to interface the region's wind energy into the main grid). A while back an uncle of mine was approached by a wind company about possible development on our land, he indicated that if our land is leased and windmills were installed, the royalty income would be "significant" and that all electricity needs for our property would be "at our disposal" (free!). Unfortunately, that specific contact didn't pan out (this was around 2008~ and the economy was busy going in the toilet), but in the last 2 years there's been wind farms going up left and right, some within a few miles of our place, and judging by the rate these construction companies are hiring construction workers to set up the turbines, they are still picking up steam.

So, if this ends up happening, provided that our potential contract includes unmetered electricity, I'll be doing everything possible to construct my desert datacenter, shield it from tornadoes, and stuff it full of miners. I'd be happy to host other people's equipment too, for super cheap, provided we can establish a means to ensure security and trust, etc.

[Phoenix1969]

2.4 cents per kilowatthour in Chelan, Washington is the best in the USA.   (.024 usd)
...and yes, datafarms are cookin' there.

[ailsa]

Power estimating (infrequently alluded to as power tax or the cost of power) fluctuates generally from nation to nation, and may shift essentially from area to territory inside a specific nation

[GreydonIselmoe]

Here in ottawa, Canada we get $0.095 per kw

[mrhelpful]

Instead of doing the cost break down, you most likely have to take into a different approach.

You would have to take a more eco friendly approach and sacrafice on performance downside if its not enough juice.

eg: going to install solar panels for non-stop free stored electrcity, but you need a capacitor that can translate that towards at night that switches off.

[crazyearner]

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

[GreydonIselmoe]

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

That would explain why I often get UK members renting my rigs! Sucks bro :/ get some self-generated renewable energy sources

[crazyearner]

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

That would explain why I often get UK members renting my rigs! Sucks bro :/ get some self-generated renewable energy sources

Yeah its not cheap in UK anymore use to cost me about £10 to £15 per day to run my miners but it was worth it when first got miners now tho id be minus figures unless theris profitable sha coins to use and right now theris none worth while mining on

[GreydonIselmoe]

Energy in UK is £0.14 if your lucky and that is due to go up soon again. Can reduce this if you have renewable energy and have solar energy panels fitted but wouldn't reduce the cost that much. Maybe if  government's done something constructive with all the tax payers money to put into projects this would then reduce costs for homes. UK is a rip off.

That would explain why I often get UK members renting my rigs! Sucks bro :/ get some self-generated renewable energy sources

Yeah its not cheap in UK anymore use to cost me about £10 to £15 per day to run my miners but it was worth it when first got miners now tho id be minus figures unless theris profitable sha coins to use and right now theris none worth while mining on

Yeah, for now at least. I also won my S4 as a prize so have no ROI you jelly? baha

[Amph]

apparently china has a cost of only $0.05 per kw(avalon ceo say it on reddit), this is why they can afford to build monstrous farm like the one posted in the mining secction

2.4 cents per kilowatthour in Chelan, Washington is the best in the USA.   (.024 usd)
...and yes, datafarms are cookin' there.

that's awesome, you should start a hosting service with that rate

[Nick Markus]

I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?

[Atomicat]

I pay canadian 7 cents.

In bulk we can get it down to 5 or even lower

Exactly!  Why does everyone hype Iceland all the time?  Their duty tax on electronics can be something fierce as well.  Factor in your cost of living, moving, doing anything.  We've still got -40C winters here in Manitoba as well, great for overclocking.

[Snipe85]

I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?

It will, because you'll be getting free power from the sun, duh!

What you should calculate is the ROI and to do it you have to first take your power bill and write down the electricity you're using every month and its cost.
Next pick the right amount of panels (with the right output) and write down the cost of installing them.
Now divide the cost of panels by the sum you're paying every month to your power company and you'll know how many months you'll need for the panels to profit.

[Nick Markus]

I wonder will it be more effective if a person installs solar panels on the roof or in the yard? Will it lower your electricity costs?

It will, because you'll be getting free power from the sun, duh!

What you should calculate is the ROI and to do it you have to first take your power bill and write down the electricity you're using every month and its cost.
Next pick the right amount of panels (with the right output) and write down the cost of installing them.
Now divide the cost of panels by the sum you're paying every month to your power company and you'll know how many months you'll need for the panels to profit.

Thanks Snipe85 for the good advise. I have been thinking about it for a long time and now it's time for some calculations. 

[p.nusia]

in my country it costs 0,05 USD per kw

[Jeremycoin]

I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

[Snipe85]

I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

This is more like an off topic speculation, but if I recall electricity was free or partially free in Iraq. Partially meaning that every second or third month was free. I read about it somewhere years ago.
Do you want to know what will happen to mining?

[Jeremycoin]

I just wandering what will happen when all of the electricity in the world is free?
What do you guys think about that?

This is more like an off topic speculation, but if I recall electricity was free or partially free in Iraq. Partially meaning that every second or third month was free. I read about it somewhere years ago.
Do you want to know what will happen to mining?

Are you serious with that, Iraq have a free electricity (for third month)? I bet, there must be a requirement for that.
And yes, what will happen to mining if electricity in the world is free?

[LordPaco]

Even in a fantasy world of free energy there would still be many costs running a btc mine. Electrical switchgear, copper, aluminum, enclosures, the building, cooling, internet+backup, mining machines, maintenance, permits, inspections, security, technical knowledge, etc, etc.. It would never be close to a zero sum game. Margins are thin enough at this point that you can blow away your chance at ROI even with free electricity just on infrastructure costs. Build like the government and procure with no questions asked and be damned, or be the junkyard guy that recycles usable equipment for almost free.

In cases where they actually may be 'free' power, I would argue that it is not so free because:
1. There is almost always a severe limit of capacity of power that is delivered freely.
2. Many of these places are in politically unstable areas, very risky to place any significant assets
3. Power quality tends to be very low, unstable, or power is not available 24/7/365,
4. Poor internet connection, specifically unstable or only high-latency connections available.
5. Someone is still paying for it, subsidized or not, so it may be free to you but someone or some group is still paying.

[CryptoAfrica]

We get it for around 0.0046 US$.

This can of course be supplemented by the enormous Wind and Solar capabilities in Africa,but the problem is infrastructure and the cost of development.

[CryptoAfrica]

We get it for around 0.0046 US$.

This can of course be supplemented by the enormous Wind and Solar capabilities in Africa,but the problem is infrastructure and the cost of development.

Even in a fantasy world of free energy there would still be many costs running a btc mine. Electrical switchgear, copper, aluminum, enclosures, the building, cooling, internet+backup, mining machines, maintenance, permits, inspections, security, technical knowledge, etc, etc.. It would never be close to a zero sum game. Margins are thin enough at this point that you can blow away your chance at ROI even with free electricity just on infrastructure costs. Build like the government and procure with no questions asked and be damned, or be the junkyard guy that recycles usable equipment for almost free.

In cases where they actually may be 'free' power, I would argue that it is not so free because:
1. There is almost always a severe limit of capacity of power that is delivered freely.
2. Many of these places are in politically unstable areas, very risky to place any significant assets
3. Power quality tends to be very low, unstable, or power is not available 24/7/365,
4. Poor internet connection, specifically unstable or only high-latency connections available.
5. Someone is still paying for it, subsidized or not, so it may be free to you but someone or some group is still paying.

Points 2 and 3 is probably the biggest problems we face.

Edit - acording to Wikipeadia the cost is much higher than I worked out.

[toptekk]

Maryland just sighed for 0.0855 kwh fixed rate for the next 20 months.  whats nice about Maryland right now you can pick which one you want . but watch what you get, mine came with no cancellation contact or fee.

[ToQcHista]

I living in georgia and 1 kilovat price is 0.05$

[sagarus]

IN India 1Kw/h = 2.3 Rs

[philipma1957]

IN India 1Kw/h = 2.3 Rs

Nice price about 4 usa cents a kwatt is very good.

[scryptasicminer]

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

[ToQcHista]

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

[Amph]

IN India 1Kw/h = 2.3 Rs

really good, better than some chinese farm, what about investing in some miners or hosting facility? or you might just sell your electricity for more

[Jamphone]

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.

[ToQcHista]

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.

i talking that i;m first person in mining , bitfury's yet don't started in its activities

[umaOuma]

China is the cheapest as per my knowledge.. India is the costliest when it comes to electricity.

But in India after the formation of AAP Party i think the people of Delhi and surroundings are getting the cheapest electricity as compared to other states but still it would be more expensive as compared to china according to my knowledge china is the cheapest.

[northwesttactical]

Here in Southern Oregon, it costs $0.08 per Kilowatt hour...

[stromma44]

Texas is the energy capital of the world, giving Texans cheaper electric rates and more electricity options for their homes and businesses.

Texas electricity consumers have the power to choose their electricity rates, forcing electric companies to compete against one another for your business.

[mrhelpful]

Regardless at what country has the lowest price, eventually you`ll want to start not wanting to pay at all.

Which then you`ll start to consider getting free electricity through methods mentioned like the solar panels, so why not just do this from the start.

The only problem is days that dont offer the sun like rainy days, youll have consider to pay for those times.

[zeraTunerse]

It varies from country to country. Really difficult to judge which is the cheapest or costliest country in the world that provides electricity. I think UAE is the costliest as they are monopolist and due to their strict rules and regulations the users are bound to pay without any arguments.

[josephno1]

I living in georgia and 1 kilovat price is 0.05$

Sound like a good rate. Have any miner profit from low electricity rate?

yes, i'm first miner in georgia and i going to will but very much miner and earning much bitcoin.


right now i use s3 i;m starter and low electry fee pay me.

just now in georgia drop down my currency GEL and causes electricity grow up

You're not the first miner in Georgia. Bitfury has a large facility there. I'm sure others do as well. 5 cents/KWH isn't competitive enough.

What the hell! $.05 kWH? I have to pay $.28-$.30 per kWH

[Xialla]

ahh, those differences in world, I don't even know if I should start crying or emigrate to another country..anyway in Prague, Czech Republic, it is around 0.26$..amazing:(

[luthermarcus]

Middle of the US here and i pay .06$ a kwh

I just got lowered to about .08$ by switching providers from .13 Northeast us

[BlueInCoin]

The country that have the most cheap cost should be the country of Bitcoin Mining, can you imagine it? A country where is so many miner around, mining a Bitcoin.

[LadyLuck]

Ukraine has one of the cheapest electricity rates I know.
It's about 0.06$ if you consume more than 600 kW/hour/month
and about 0.03$ if less than 600/month. (just to let you know )

[crazyearner]

Ukraine has one of the cheapest electricity rates I know.
It's about 0.06$ if you consume more than 600 kW/hour/month
and about 0.03$ if less than 600/month. (just to let you know )

Would love to have power costs like that in the UK maybe in the old ages for prices to be like that and here in UK talking on adverage about 12 to 14p per kW/hour

[hunnaryb]

India is the most expensive in the world i guess and its because of the dirty politics and corrupted Government that forces the ordinary and innocent society to go through worst consequences there are still many villages in India who don't have regular access to the electricity.

[xingming]

Hi,

Which country has the cheapest electricity and how much is costs?

Hi , if you want to buy directly electricity it will cost you a lot (but look at India or China so cheap) ,
but if you want some special business with the Government members , I will direct you to Africa , you may found the cheapest electricity in the World  (its not legal) .

Xing Ming .

[chiguireitor]

I'm paying 0.002 USD/KWh

Source: I live in Venezuela

[Eric Mu]

RMB0.2/KWh in Kangding, Sichuan province, where our farm is located.

[moredillon]

$0.20-$0.30 kWh in San Francisco 
$0.16352 at lowest, $0.33504 highest
http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_E-1.pdf

Looking to build a solar power setup soon.

[Xialla]

$0.20-$0.30 kWh in San Francisco 
$0.16352 at lowest, $0.33504 highest
http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_E-1.pdf

Looking to build a solar power setup soon.

wtf? Until now I had impression, that everybody in US had almost free electricity. ~0.18 is Europe rate..

[Newar]

$0.20-$0.30 kWh in San Francisco 
$0.16352 at lowest, $0.33504 highest
http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_E-1.pdf

Looking to build a solar power setup soon.

wtf? Until now I had impression, that everybody in US had almost free electricity. ~0.18 is Europe rate..

It differs by state. Same as in many other countries. It is not "free" to transport cheap electricity from Washington state to California for example.

[notlist3d]

$0.20-$0.30 kWh in San Francisco  
$0.16352 at lowest, $0.33504 highest
http://www.pge.com/tariffs/tm2/pdf/ELEC_SCHEDS_E-1.pdf

Looking to build a solar power setup soon.

wtf? Until now I had impression, that everybody in US had almost free electricity. ~0.18 is Europe rate..

It differs by state. Same as in many other countries. It is not "free" to transport cheap electricity from Washington state to California for example.

Washington is really known for it's cheap electricity.  You get to the big California cities cost is high on electricity.

Most places in US beat the .18 price.   But it is far from free for most.

[Bitdonator]

Global electricity price comparison:

http://en.wikipedia.org/wiki/Electricity_pricing

[Jamphone]

Global electricity price comparison:

http://en.wikipedia.org/wiki/Electricity_pricing

Horribly inaccurate and given the swings (mainly one way) in USD to every other currency, even less accurate. Actual industrial rates, the ones that matter, aren't represented on there for most countries.

[Newar]

Global electricity price comparison:

http://en.wikipedia.org/wiki/Electricity_pricing

Horribly inaccurate and given the swings (mainly one way) in USD to every other currency, even less accurate. Actual industrial rates, the ones that matter, aren't represented on there for most countries.

Agreed. Wiki also doesn't take different states / provinces into account. It's a start, but you need to do more research if you have an actual project on hand.

[Tongkar]

Well if your not a home owner there's lot's of rental property's that include free electricity like the one i'm living at know. Not sure how much trouble it may cause but i'm sure there's a few miners taking advantage.

[Unbelive]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Most cost of any energetic are taxes. So it dont real mater out of what is electricity produced, but how country collect taxes. Taxing oil and electricity is easier way.

[xingming]

Electricity is more cheap in American regions and if you want a long term profit use
Solar panels but this will take maybe 15 years to back your ROI (maybe bitcoin disappear in this
time  )  I recommend to revise this : http://en.wikipedia.org/wiki/Electricity_pricing.

Xing Ming .

[CoffeeCat]

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

How did you swing that? Tell me more.

[toptek]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Most cost of any energetic are taxes. So it dont real mater out of what is electricity produced, but how country collect taxes. Taxing oil and electricity is easier way.

 i have  some what cheap Electricity if it wasn't for the high taxes and Fee BG and E gets away with i d sty below 200  a month or close running 6 S5 24/7 as it is now I'm more like 350 to 400 due to the taxes and other fees they manage to slip in there.

[toptek]

I'm locked in for 3 years at $0.06 kw/hr .. in Chicago.

How did you swing that? Tell me more.

fix rates  a lot of the states allow it and hes was lucky enough to catch a sell going on .I'm Locked at .0855 for the next three years with no limits on how i use it as long i pay the bill. but i know there is a limit there all ways is, i just haven't hit any yet .

[Amph]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Most cost of any energetic are taxes. So it dont real mater out of what is electricity produced, but how country collect taxes. Taxing oil and electricity is easier way.

 i have  some what cheap Electricity if it wasn't for the high taxes and Fee BG and E gets away with i d sty below 200  a month or close running 6 S5 24/7 as it is now I'm more like 350 to 400 due to the taxes and other fees they manage to slip in there.

isn't better for you guy with cheap electricity to offer hosting, to other users? there are some users that can't mine because of their electricity and they don't trust cloud, it should be a win win situation

he also pay you everything directly in bitcoin and you don't need to pay taxes in the end if you keep your coins

[toptek]

$0.31 here in Germany, and they have started using loads more coal because they stopped usuing nuclear and are trying to use renewables, but it isn't working too efficiently yet..

I thought prices in the Europe would be the lowest due to all the renewable energy resources.

Most cost of any energetic are taxes. So it dont real mater out of what is electricity produced, but how country collect taxes. Taxing oil and electricity is easier way.

 i have  some what cheap Electricity if it wasn't for the high taxes and Fee BG and E gets away with i d sty below 200  a month or close running 6 S5 24/7 as it is now I'm more like 350 to 400 due to the taxes and other fees they manage to slip in there.

isn't better for you guy with cheap electricity to offer hosting, to other users? there are some users that can't mine because of their electricity and they don't trust cloud, it should be a win win situation

he also pay you everything directly in bitcoin and you don't need to pay taxes in the end if you keep your coins

I gave that some thought but I m not willing to taking anyone hardware and keep it running etc or even let some one run there proxy's or pools thu my S5s for long periods of time. I would have to molde my house even more or even move it out of my house then its even more cost . but i did give it a lot of thought a few month back . if you mean me  by this : isn't better for you guy with cheap electricity to offer hosting, to other users? there are some users that can't mine because of their electricity and they don't trust cloud, it should be a win win situation



True it would be a win win but the hassle of starting im not willing to deal with, i can be trusted would be very careful with or how I did it but to many negatives i see i don't want that can and will happen that  discourage me from doing it .

[Xialla]

hold you hats guys:)

Hi  Eric
How much is the exact cost for the electricity fee?
Inner Mongolia  mining farm  ( per  1 kwh) ?
and
Kangding  mining  farm   (per 1 kwh)  ?

RMB 0.4 / kWh
RMB 0.2 / kWh

0.064$ / kWh in Inner Mongolia and
0.032$ / kWh in Kangding

[AtomicStrike]

Russia, near Kazakhstan border.
$0.05 per kWh

[maheshmahi]

2 rupees per unit.

[Amph]

Russia, near Kazakhstan border.
$0.05 per kWh

this is a good rate, i'm wondering why in russia there aren't big farm with this cheap electrcity, now that the government is not against bitcoin anymore

worst case you can host other miners, that need cheap electricity

also the good cool temperature, will help against heat

[asiabtc]

we have the similar cost electricity in china: usd0.05/kwh.
the most advantage is the fastest shipment, and lower investment on the mining farm setup.thats why in the passed few month, china pool has occupied 60% market share.
if you want to host the miner in china, just contact with us.

[asiabtc]

I'm paying 0.002 USD/KWh

Source: I live in Venezuela

this is cheapest. how to import the miner?how to ensure the security?

[2jz]

How you guys can work with such high prices?

0.04-0.05$ Georgia

[Eric Mu]

I came across this article today. It cites a government report saying every year billions of RMB worth of hydropower was wasted in China's western Sichuan province.
I then traced the original report, which says that the issue is likely to get worse over the next five years.
Wondering what is the implications to BTC mining.
Source: http://news.xinhuanet.com/fortune/2015-06/02/c_127867897.htm

[DavieT 1337]

I heard Poland is also an Cheap Location for Mining Bitcoins.
You pay there about 0,30 Zloty which is about 0,08 Cents.

That`s better as in much other Europeon Countrys.

regards

[SerialLain]

Iceland, two mining locations.

One at 0.074 USD per kWh.

Other 0.052 USD per kWh.

[QuintLeo]

USA electric prices vary widely, sometimes with time of year (I pay about .14/kwh in 3 months of the summer, about .10/kwh rest of the year on average in my current Iowa location) and DEFINITELY with the area (there are 3 counties in Washington that have rates under .05/kwh (2 of them under .04/kwh), due to massive hydro projects owned by the PUD of each of those counties).

 There is a reason MegaBigPower located it's Washington farm near Wenatchee...

[Possum577]

The US has the cheapest if one has solar on a sunny day...you can put electricity onto the grid and the power and utilities company has to pay YOU for the electricity you generate from your solar panels. I'm sure the same is possible in other countries.

[chiguireitor]

The US has the cheapest if one has solar on a sunny day...you can put electricity onto the grid and the power and utilities company has to pay YOU for the electricity you generate from your solar panels. I'm sure the same is possible in other countries.

That's writing off a HUGE investment of panels... doubt that's what you would call cheap...

[notlist3d]

The US has the cheapest if one has solar on a sunny day...you can put electricity onto the grid and the power and utilities company has to pay YOU for the electricity you generate from your solar panels. I'm sure the same is possible in other countries.

That's writing off a HUGE investment of panels... doubt that's what you would call cheap...

It's cheaper to follow the cheap electricity.  Your talking about massive amounts of equipment for a real amount of miners.   

I have not seen any that have a decent ROI.  When you mention solar/wind most likely your talking about years and years of usage to possibly pay off.  And with BTC mining it's hard to predict years ahead.

[ferol]

I live in Venezuela and i just bought some miners! Seems like I can still make some profit as Id spend like 3 USD MAX in electricity

[notlist3d]

I live in Venezuela and i just bought some miners! Seems like I can still make some profit as Id spend like 3 USD MAX in electricity

Are you sure your doing the math right?  3 USD a month for even 1 S3 seems to be off on math, especially if you bought "some".

What is your electricity rate?

[chiguireitor]

I live in Venezuela and i just bought some miners! Seems like I can still make some profit as Id spend like 3 USD MAX in electricity

Are you sure your doing the math right?  3 USD a month for even 1 S3 seems to be off on math, especially if you bought "some".

What is your electricity rate?

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

[goodway]

I think the best idea but well ... not yet "perfect" is to be independent from the electricity monthly costs.

Idea like this one:

http://www.pennenergy.com/content/dam/Pennenergy/online-articles/2013/May/Conergy%20Casa%20d'Amore%20Brisbane%20Australia.jpg

Solar power plant in your own building is the future of low electricity costs.

At the moment devices needed to make it happen are quite expensive and you need many years to ROI investment




Kind regards.

wow. its amazing.

[Amph]

I think the best idea but well ... not yet "perfect" is to be independent from the electricity monthly costs.

Idea like this one:

snip
Solar power plant in your own building is the future of low electricity costs.

At the moment devices needed to make it happen are quite expensive and you need many years to ROI investment




Kind regards.

wow. its amazing.

not that amazing, how you can solve the rain problem? or whatever other akin problem? also it seems more suited for casual mining, than anything else, certainly you can't put many miners inside that residence

[Za1n]

I live in Venezuela and i just bought some miners! Seems like I can still make some profit as Id spend like 3 USD MAX in electricity

Are you sure your doing the math right?  3 USD a month for even 1 S3 seems to be off on math, especially if you bought "some".

What is your electricity rate?

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

That is so sad for me to hear (happy for you), but I pay $0.14 per kwH here in the central part of the US. Are you limited by how much you can consume in a given month or is it "all you can use" type of pricing plan?

[chiguireitor]

[...]

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

That is so sad for me to hear (happy for you), but I pay $0.14 per kwH here in the central part of the US. Are you limited by how much you can consume in a given month or is it "all you can use" type of pricing plan?

The electrical service comes with a meter that limits how much current you can consume. According to the kind of meter you have, is the type of price you have. I have the 0.002 USD/KWh due to me consumig a lot for the miners and air conditioner.

There's no maximum amount to the consume, all you can eat "flat" rate (varies a little bit according to the amount of charge you use, but the variation is little according to the type of meter).

[Za1n]

[...]

Venezuelan here, can confirm, rates are as low as 0.002 USD/KWh (and there are places with 0.0005 USD/KWh).

That is so sad for me to hear (happy for you), but I pay $0.14 per kwH here in the central part of the US. Are you limited by how much you can consume in a given month or is it "all you can use" type of pricing plan?

The electrical service comes with a meter that limits how much current you can consume. According to the kind of meter you have, is the type of price you have. I have the 0.002 USD/KWh due to me consumig a lot for the miners and air conditioner.

There's no maximum amount to the consume, all you can eat "flat" rate (varies a little bit according to the amount of charge you use, but the variation is little according to the type of meter).

That's interesting to see such comparisons from various part of the world. Do you get charged any type of flat rates per month or billing cycle for the meter charge as well?

Where I am at the base fee for electric, even if I consume 0 kwH is ~$30/month just for the service to be hooked up. Once I figure in my typical usage, it is not uncommon to have a total bill of around $300/month.

[chiguireitor]

[...]
Where I am at the base fee for electric, even if I consume 0 kwH is ~$30/month just for the service to be hooked up. Once I figure in my typical usage, it is not uncommon to have a total bill of around $300/month.

The first tier is just like $0.01 flat rate (less than 3kw usage), the second tier is like $0.2 (15kw usage), the third is like $1 + usage (max $2), the third tier is $5 + usage ($0.002 KWh).

Pretty cheap, and relatively good (98-98.5% availability of service)

[ahmedjamal1998]

Ofcourse the cheapest is in the GCC countries.

[chiguireitor]

Ofcourse the cheapest is in the GCC countries.

Gnu C Compiler?

[Dalkore]

Eastern Washington:  $0.027 to $.023 per Kwh.  The cheapest period especially when you figure the legal protections and ease of logistics in the United States.

[nonbody]

south Africa has around 80 cents per kw which isnt too bad. but winter our power prices seem to go up :/

[QuintLeo]

Total rate in Chelan and Douglas counties have been a bit higher than that lately with the drought surcharges. Still in the 3 cent/KWH ballpark EVERYTHING figured in.

 They're more "North/Central" than "Eastern" Washington too, though it seems like everything more than 30 miles east of Redmond is counted as "Eastern" by a lot of folks.




 I wouldn't count 98% availability as "good" for electric service. In 7 years I've been at my current location, we've accumulated a total downtime of about 4 days - 3 of those during a MASSIVE ice storm that covered several states a couple years back. More years than not have been ZERO downtime. I've seen similar levels of availability everywhere I've lived in the US - 99.5% or better is the NORM here in recent years.

[Dalkore]

Total rate in Chelan and Douglas counties have been a bit higher than that lately with the drought surcharges. Still in the 3 cent/KWH ballpark EVERYTHING figured in.

 They're more "North/Central" than "Eastern" Washington too, though it seems like everything more than 30 miles east of Redmond is counted as "Eastern" by a lot of folks.




 I wouldn't count 98% availability as "good" for electric service. In 7 years I've been at my current location, we've accumulated a total downtime of about 4 days - 3 of those during a MASSIVE ice storm that covered several states a couple years back. More years than not have been ZERO downtime. I've seen similar levels of availability everywhere I've lived in the US - 99.5% or better is the NORM here in recent years.

People from around here consider themselves in Eastern Washington, it is more the cultural identification.  Personally we have not had any downtime by the PUD (knock on wood).   With that said, we are on a high availability grid so that may have something to do with it. 

[keysplease]

South America would be a good place to setup a mining rig.

[kampretkabur]

wow i never know that there are country with free electricity

[BTC_ISTANBUL]

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

[chiguireitor]

The cheapest electricity is in Quatar.I would not prefer to open a farm in Quatar?Would you?The alternatives are Saudi Arabia, Sudan, Washington, Russia.

Russia is more interesting to me since the culture and language is familiar to me.

Doubt Qatar is cheaper than Venezuela.

[chiguireitor]

I'm wondering about the repliers putting the decimal point in the correct place in the replies.. 0.002USD/kWhr means 0.2 cents per kWh which is insanely cheap..!

Here in Australia, flat tariff prices were $0.36/kWhr which is 36 cents per kWh.. though we had a price drop recently down to 27c/kWhr. We also pay a network access fee of $1.50 per day. 1 Oz dollar = 0.72 USD

With miners returning maybe 16c/kwhr then it is not productive to mine here.. I'm setting up my mining system to use my 400kW solar farm as I can't sell my power to the network for more than 6c/kWhr.

If you have power at only 0.2 cents per kWh.. can we be friends. I have a bunch of miners I can send over to run

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investement on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

[Jamphone]

0.2 USD/KWh is my rate, yeap....

However, finding a place to host a large amount of miners is a feat, as i'm looking already for someone that asked me and i haven't found a single place i could consider without making a considerable investment on power transformation.

So, for small scale mining, it is good, but for large scale (PH/s domain) it is a no-go atm.

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

[chiguireitor]

...

Amazing price, but the current situation in the country will be a real challenge. Not saying its impossible, but it is going to be real tough.

1) The power company has not invested in capacity in over a decade, so all of the lines are probably maxed out. Look at the near 50% decrease in the country's oil production. Subsidized prices leads to no reinvestment. Even in a first world county, the much bigger struggle is finding capacity, not space. There are lots and lots of buildings, but not a lot of lines with an extra 2 or 3 MW.

2) To run a real mine you'll need electrical and HVAC equipment. The power company won't deliver much past 50kw of 208v/240v power, you're going to need transformers to step down from the voltage they deliver. Those transformers will have to come from another country. If you use "second world" grade gear, you'll end up with a fire like at Cowboy Miners last year.

3) The climate will be a real struggle. Even with "swamp" cooling, you'll need tons and tons of fans to move that air, which again, will need to be imported or you'll have to settle for substandard goods.

4) Eventually the Bolivar will go the way of the Zimbabwean dollar. Like Ecaudor, El Savlador and Panama before, Venezuela will be forced to revalue their currency. Their socialist paradise, at this point, will have to be unwound and the price of electricity in Venezuela will have to move to something similar to what its neighbours pay. Will that happen this week? No. In the next five years? Absolutely. So careful about making a "big" investments, as your mine will be underwater once that revaluation in the economy hits. And it won't just be the electricity but other subsidies, whether direct or indirect, like how an economic rebound after revaluation will remove the lower rent and employment costs caused by such poor economic management.

5) Untrustworthy government. Venezuela's government simply takes foreigners property. You'll have trouble getting people to trust that their gear won't be seized like billions and billions of foreign investments before them.

Otherwise, when you've got it running I would love to see a picture. Absolutely doable, but you're walking up hill.

Indeed, i have been in contact with several people interested in putting their mines here, and it is rather difficult to find doable places where there's no need for a 100-200k USD investment on transformers.

However, cooling is a non-issue, ambient temps on my mines are sub-30ºC so i just got to push-pull enough air through them and work done.

Regarding the issue of the "subsidy" of the electricity: I have enough insider information on the matter and i know what's the next price point, and it is a non-issue atm. Also, 80% of the generation is hydro, which is WAY greener than most other mines, and there's a dam that's about to be opened that will add 12GW more to the electric network.

If/when the socialist government goes away, the opposing party isn't willing to take the political red pill of eliminating subsidies and letting the unwashed masses pay full price

Btw, electricity price before the socialist "revolution" was ultra-low too.... it has been the neverending boon here, so i doubt that's set to change anytime soon... politicians aren't stupid when it comes to populist decisions, and they know that removing subsidies from the electricity and gas prices will net them a coup, in the best case, and their lives at worst.

[crazyearner]

Eastern Washington:  $0.027 to $.023 per Kwh.  The cheapest period especially when you figure the legal protections and ease of logistics in the United States.

I would love prices like that where I am in the UK.

south Africa has around 80 cents per kw which isnt too bad. but winter our power prices seem to go up :/

And I thought that in UK had bad prices. Currently price here is around £0.12 to £0.15 ish depending on what suppler go to. So around 0.18 to 0.20 cent. Having 80 cent per kw is insane. It would be good if find some new renewable energy that becomes the new standard and reduces prices and have cleaner energy, but costs more to produce right now. The way population is growing will be a global crisis in the future if technology does not advance to a point of everything being renewable, not forgetting being cost effective for every household. Right now prices in UK are not too bad but could be a lot better and with petrol going up and diesel going down is a joke too. Can only wait and see what happens for the future but no doubt prices will go up and wage wont cover it.

[salex8216]

Russia was 0,1$/kw
but because of devaluation  0,05$/Kw

[VCoinTech]

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

[gallery2000]

Electricity Costs in some parts of India.

Considering consumption of more than 500 KWH Per Month.

Andhra Pradesh: $0.12/KWH
Arunachal Pradesh: $0.06/KWH
Assam: $0.08/KWH
Bihar: $0.08/KWH
Chattisgarh: $0.09/KWH
Goa: $0.08/KWH
Gujrat: $0.07/KWH
Karnataka: $0.10/KWH
Maharashtra: $0.14/KWH
Delhi: $0.13/KWH
Kolkata: $0.12/KWH

For those who think India has cheapest electricity, a big no no.

That is doable Arunachal Pradesh: $0.06/KWH

[fedarik]

In some parts of India including Arunachal you can set up your own mini hydro electric plants to power these operations.

[nero987]

I'm paying €0.32 over here in Belgium...
Which is arround $0.36... Pretty expensive huh ...

[torepia]

Price for residents in Trondheim, Norway: 0.07$/KWH

If you built a farm next to a powerstation you could probably get rid of the power transportation costs, which would put the price at 0.02$/KWH.

[Agaguk24]

Canada .08$ per kilowatt... price has been increasing...

[kanazawa]

Brazil has the absurd cost of U$0.18 per KWh (~R$0.75/KWh).

Nobody's mining here. It's a shame.

 

[icem3lter]

Mad electricity prices is why Bitcoin network is becoming centralized.
Some miners have an unfair advantage when it comes to electricity prices, this is why the Bitcoin network is becoming centralized.

The Bitcoin network should have some sort of a cap on the max number of Bitcoins can be mined by an individual miner.

[wikenpp]

Mad electricity prices is why Bitcoin network is becoming centralized.
Some miners have an unfair advantage when it comes to electricity prices, this is why the Bitcoin network is becoming centralized.

The Bitcoin network should have some sort of a cap on the max number of Bitcoins can be mined by an individual miner.

Yeah or limit the ip/wallet etc.
Bitcoin being centralized is not good.

I pay 0.21 EUR cent (Germany). Quite a lot right.

[kanazawa]

Yeah, it's very expensive, but look...

The value of the brazilian Real, the currency I mean, it's now less than 25% of the US dollar, and much less than comparing it with the Euro or the British Pounds...

So... THE PRICE OF ENERGY here is VERY HIGH (much higher than it is in Europe).

Ps: the average wage here is beyond U$200.

IT'S A SHAME. A FUCKING SHAME !!!

Bloomberg report here: http://www.bloomberg.com/news/articles/2016-01-05/brazilian-real-volatility-surges-as-china-intervenes-in-selloff


Reuters: http://www.reuters.com/article/latam-emergingmarkets-idUSL1N14J1EE20151230

WSJ: http://www.wsj.com/articles/brazils-real-falls-sharply-against-dollar-1451922347

THIS IS WHAT MEANS "A FUCKED COUNTRY".

 

[Basteamore]

With the recent rise of value of US dollar, the cost of electricity drops in dollar term in other countries. So will the mining moves out of US?

[FullaSugah]

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

[icem3lter]

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

Please re-post this in the investment section. You probably won't get any investors because you are a newbie with 2 posts, and most probably a scammer.

[Amph]

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

if you're legit, why don't you invest yourself and offer share that you pay upfront, based on the hashpower that is bought by the investors? at least you can prove your legitimacy

[HeroCat]

I think Thailand have one of cheapest electricity in the world, but I do not know precise price. 

[data1]

Sorry... i do not know which country has cheapest electricity cost..
But i think there are prices starting from 7 cents to 20 cents at normal range for 1 unit power..

[icem3lter]

Bhutan has the lowest electricity price,
1.88-4.40 US cents per kilowatt

http://www.bpc.bt/utilities/electricity-tariffs/

Here in Montreal Canada I pay 6 cents per kilowatt.

[Betwrong]

Price for residents in Trondheim, Norway: 0.07$/KWH

If you built a farm next to a powerstation you could probably get rid of the power transportation costs, which would put the price at 0.02$/KWH.

That's really one of the lowest prices of electricity in the world. I never thought that in a country like Norway (which is a typical Western country IMO) you can have such prices. You should start mining mate. ) Good luck!

[MRKLYE]

0.076 cents CAD per KWH

[kanazawa]

the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***

[kanazawa]

Hi there ,
I live in Romania and i can provide 0 cost for electricity is someone want to invest in mining . Please consider contact me if you wish to invest. I am not a scammer and we can make money if you wish to invest.

Alex

hey dude... I'm realy doubtful, how could it be possible? 0 cost ?

thnkx

[mavericklm]

Maybe he needs the heat! and a cold beer

[Betwrong]

the worst thing is that, places where electricity is very cheap, the infrastructure is very hard/expensive/inaccessible...

...and vice-versa...

there're some little exception***

That's very true indeed. And IMO it is better to seek for cheap electricity (or ways to make it cheaper) in developed counties with good infrastructure than to struggle solving various problems arising in undeveloped countries where the electricity is cheap.

Of course there are some exceptions but in general I'd suggest to avoid countries where you risk your life for getting cheaper electricity.

[calchuchesta]

The only way to make a killing with mining these days is living somewhere where the electricity is cheap as hell or you are in some sort of privileged position.

[jstew]

utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

[mickiya]

utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

With 2.5 to 3c, your mining operation will last very long. Even after most miners become unprofitable, yours is still profitable.

[Betwrong]

utah , usa 4c kw , and should be getting my rate lowered this summer to  2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting

also have no demand charge

might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost

my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right

I think you mean 2.5c - 3c kwh and that's a very good rate, you are lucky. And I agree with you that moving most likely will cost more than you gain from it. Just mine where you are. Good luck!

[kanazawa]

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 

[jstew]

thanks guys yeah i have the second cheapest power in utah , the first cheapest place is 1.9-3c kwh
one of the reasons i have such cheap power is because my facility is located on an agricultural farm so they get a discounted rate because of the amnount of power required to run the water pumps on the farm

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 

yes it is im originally from new jersey and utah is a much cheaper place to live by alot

[notlist3d]

thanks guys yeah i have the second cheapest power in utah , the first cheapest place is 1.9-3c kwh
one of the reasons i have such cheap power is because my facility is located on an agricultural farm so they get a discounted rate because of the amnount of power required to run the water pumps on the farm

Indeed, if you got 2c or 4c per KWh in Utah, it's very ******* good.

Utah is a very beautiful place. It will be very ******** nice to mining there.

The cost of living is not so high as NY or LA, isn't ??

cheers !!!

 

yes it is im originally from new jersey and utah is a much cheaper place to live by alot

Wish all farms have that.   My mining area is on a family farm as it had the electricity capacity in the Midwest.   I pay more then that though. 

Don't have the water pumps though with midwest luckily rain does it most years.  Although more and more water pump are showing up.   

[enhu]

If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.

[jstew]

Wish all farms have that.   My mining area is on a family farm as it had the electricity capacity in the Midwest.   I pay more then that though.  

Don't have the water pumps though with midwest luckily rain does it most years.  Although more and more water pump are showing up.  

be happy we run 200kwh+ worth of water pumps non stop during the growing season the biggest single pump being 125hp.

[notlist3d]

If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.

Doable.. but likely not the smartest thing as a miner you use lots of watts if you are a decent sized hobby miner.    Home miner with less might be easier.   But when you talk 10's of thousands of watts solar adds up.

The person with low electricity cost's wins in almost any comparison with solar.

[mickiya]

If you could just use solar panels for your mining, you wouldn't have any bills to pay for the electricity. investing on solar panels however can be pricey though as you would need a lot to supply those rigs but this is very doable, i've seen it on youtube.

With solar panel for mining, you need back up electricity as well, either mains or from batteries. The battery is expensive.

[kanazawa]

Guys,

I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.

if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.

ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house

MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!

cheers  

[mickiya]

Guys,

I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.

if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.

ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house

MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!

cheers  

What is the effective electricity price after taking into account of all the extra costs? Is that less than $10c per kWh?

[notlist3d]

Guys,

I'm experiencing mining with solar panels since the beginning of 2014.
The worst part is that you have to use a huge space (or build a bunker), because, when you got lot of sun (like I, that I'm close to Ecuador, and the sun here is very strong) you have to cool your miners (with cold water pipes, lot of heat sinks or air conditioning) but all these options are expensive. I'm mining because I love Bitcoin and I hate the government.

if you have a MPPT charge controller, a sine wave inverter and good batteries, you don't have to worry so much. Best brands, long live to your system. I'm expecting at least 15 years, and I want to burn miners till S29 iahoihaoihaoihao.

ps: I'm mining since 2014, but my panels are from 2009. Kyocera Solar, I'm using it to power my house

MINING WITH PHOTOVOLTAIC PANELS IS SO FU****** COOL !!!

cheers  

What is the effective electricity price after taking into account of all the extra costs? Is that less than $10c per kWh?

Also how many miners are you running? And how many watt's does it come out to?

Normally battery costs for thousands of watts of mining gear adds up pretty quick on cost.

[kanazawa]

it's like take a loan with fixed interest; then pay the redemption very slowly with a possibility of pay lot of parcels while you're goin' to pay just one.

a) you expend U$10.000 with all items to do a stand alone photovoltaic system;
b) you expend U$10.000 with miners;
c) you will receive an average monthly payout of U$2.000 (free of maintenance costs);

you can get U$3K sometimes, even U$4k or 5; after 8, 9 months (normally) you can have a great ROI... and better, the equipment is your, the system is yours... can't be better hum?

     

[kanazawa]

Now I'm running just 10 units of s7 (4.73T x 10);

When I start mining, ROI was little hard because 30 s1's dissipates lot of energy and I did a waterpipe system to cool (because air conditioning it's not enough, you have to use water, lot of water to "freeze" the place);

I resell my miners on ebay;

I had more than 20kwh now from PV and 1.5kwh from an air-x, but I use it to other things, like air conditioning and water pumping;

If you combine water with air conditioning, your miners will run below 25°C; geography is very important here, because I got sun everyday, from 6am to 8pm; I do the maintenance, I pay just U$5 for "infinite" water, and the cost of panels are little higher now than 6 years ago.

Battery cost is not a problem if you do their cycle well and do the "freezer" room; I also had a "fidelity plan" with my dealer, so I resell all units and buy new ones.

 

[kanazawa]

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

[ALToids]

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate Hell, you can brew your own beer too lol

[greBit]

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate Hell, you can brew your own beer too lol

In certain countries government is providing electricity free of charge for agricultural farm use. Is that possible to use those supplied electricity for mining purposes which will benefit the miners. If that is possible it would surely have positive effect over the bitcoin value.

[mickiya]

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate Hell, you can brew your own beer too lol

In certain countries government is providing electricity free of charge for agricultural farm use. Is that possible to use those supplied electricity for mining purposes which will benefit the miners. If that is possible it would surely have positive effect over the bitcoin value.

Will there be a limit on how much electricity you can use for the cheap rate? If so, there is not much benefit as bitcoin mining uses a lot of electricity.

[Amph]

I didn't calculate the precise cost (totally ROI I mean) becaus there was some "problems" in my way, like, I burn one air conditioner then I was stopped for some personal problems for 1 entire month and other month to do the "freezing system"... w/o it it's impossible.

Maybe I'm losing money, but I'm winning BTC. It's fair/good to me.

Hehe, it looks like the "farmer" is able to kick the techie's butts when it comes to mining with his .02 KWH rate Hell, you can brew your own beer too lol

In certain countries government is providing electricity free of charge for agricultural farm use. Is that possible to use those supplied electricity for mining purposes which will benefit the miners. If that is possible it would surely have positive effect over the bitcoin value.

Will there be a limit on how much electricity you can use for the cheap rate? If so, there is not much benefit as bitcoin mining uses a lot of electricity.

it depend on how much big is your famr, and how much are those farms supposed to use, but if you use everything for the miners then government may suspect it

[Pkzone]

India has 0.07$/kWh.
Seems pretty competitive   

[kanazawa]

Indeed, 0.07U$ is very good.

But this place where you got energy for 0.07$ has infrastructure to build a mining farm? Because India is a huge country (like Brazil, China and Russia), it has a lot of diversity from one local to another... I mean, I don't know too much about there, but, Mumbai and New Dehli seems a pretty good place to do mining (with good infrastructure), (I'm saying this because it's the only places I know, 'cause I worked with some people from this places). Very advanced minds.

 

[mickiya]

India has 0.07$/kWh.
Seems pretty competitive   

How reliable is the power supply? I heard there were lots of power cuts in the summer time when it is hot.

[zottejos]

I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...

[Betwrong]

I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...

You are right those "cheap" power distributors, or any "cheap" distributors in general, most of the time have tricky plans. However sometimes you can profit from them after reading carefully what they really propose. For example why not run your miners at nighttime?

[zottejos]

I'm paying about 15 cents/Kwu on average in Belgium... But we have many companies and many tariff plans, so the actual price can range anywhere between 4 cents and 27 cents (extra charges do apply, especially on the "cheap" power distributors, you have to pay extra charges and have extra conditions, for example the cheap price is only during nighttime)...

You are right those "cheap" power distributors, or any "cheap" distributors in general, most of the time have tricky plans. However sometimes you can profit from them after reading carefully what they really propose. For example why not run your miners at nighttime?

In Belgium, it would make sense to run them at nighttime only, but in that case, your ASIC investment is only generating coins during 8 hours/day and during the weekend, i'm not completely sure you'd ROI when turning miners off 16 hours/day

[-ck]

This thread has become a haven for sigspammers and the answer was in the second post.

Here it is again:

https://en.wikipedia.org/wiki/Electricity_pricing

/locked thread