The cost of electricity in the world

[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).