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Author Topic: The cost of electricity in the world  (Read 30737 times)
greBit
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January 16, 2016, 07:38:33 AM
 #241

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 Tongue Hell, you can brew your own beer too lol Tongue
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.
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January 16, 2016, 11:06:41 AM
 #242

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 Tongue Hell, you can brew your own beer too lol Tongue
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.
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January 17, 2016, 07:42:34 AM
 #243

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 Tongue Hell, you can brew your own beer too lol Tongue
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
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January 17, 2016, 10:40:31 AM
 #244

India has 0.07$/kWh.
Seems pretty competitive  Cool  Cheesy

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January 17, 2016, 02:37:53 PM
 #245

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.

 Cool


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mickiya
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January 18, 2016, 12:11:54 PM
 #246

India has 0.07$/kWh.
Seems pretty competitive  Cool  Cheesy

How reliable is the power supply? I heard there were lots of power cuts in the summer time when it is hot.
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January 18, 2016, 12:15:51 PM
 #247

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)...
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January 18, 2016, 01:59:34 PM
 #248

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?

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zottejos
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January 18, 2016, 02:03:15 PM
 #249

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
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January 19, 2016, 12:48:52 PM
 #250

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

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