The cost of electricity in the world

[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.