The cost of electricity in the world

[Phoenix1969]

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

[1715571236]

1715571236

[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.