PRCman (OP)
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Activity: 42
Merit: 0
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May 25, 2011, 03:19:27 PM |
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down here is about 0.1 USD per 1kwh
mean well a rig with 3 video cards need 700W,
calculates a block in 12 days will need 20USD, then got 50BTS, could be sell for around 300USD?
great deal!
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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bulanula
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May 25, 2011, 03:21:47 PM |
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Well it seems like electricity is cheap in China.
This ( "get rich quick" ) is not as simple as it sounds by the way.
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PRCman (OP)
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Activity: 42
Merit: 0
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May 25, 2011, 03:25:31 PM |
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Well it seems like electricity is cheap in China.
This ( "get rich quick" ) is not as simple as it sounds by the way.
usually in PR.China electricity cost about 0.1 USD (based on currency rate may a little different) but electricity gard company will charge 25% more when measure how much electricity you've used because they don't have the right to decide the price, and if they don't do that, they will loose money so power cost is 20USD to 30USD I think. |
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564102
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Activity: 5
Merit: 0
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May 25, 2011, 03:28:58 PM |
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It's around $0.12 per kWh here in Bulgaria. However the prices will rise soon.  |
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PRCman (OP)
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Activity: 42
Merit: 0
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May 25, 2011, 03:29:48 PM |
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Well it seems like electricity is cheap in China.
This ( "get rich quick" ) is not as simple as it sounds by the way.
Would you like to explain the major risk to this business, now I am worried about after I put money in the business of mining bitcoin, I am not able to sell these bitcoin, I am worried If there is enough people willing to pay USD for bitcoin. Whey they are doing that? |
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PRCman (OP)
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Activity: 42
Merit: 0
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May 25, 2011, 03:31:35 PM |
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It's around $0.12 per kWh here in Bulgaria. However the prices will rise soon. similar in P.R.China, when you used 1kwh, they measure 1.25 kwh and charge 0.125 USD, while they will announce 0.1 USD |
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leepfrog
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May 25, 2011, 04:08:44 PM |
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0.32$/kwh in germany at the current exchange rate..
so please do not complain about energy rates..^^
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grue
Legendary
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Activity: 2058
Merit: 1431
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May 25, 2011, 04:16:53 PM |
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it's cheap in china because they're all using coal. :p
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SgtSpike
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Activity: 1400
Merit: 1005
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May 25, 2011, 04:17:26 PM |
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Really depends where you live in the US and the season. My electric rate is as low as $0.06, and maxes out at $0.10, but some people in California pay up to $0.40/kwr in the summer.  Gotta pay for all those green initiatives somehow I guess... |
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eleuthria
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Activity: 1750
Merit: 1007
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May 25, 2011, 04:21:30 PM |
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0.40/kWh in Fresno, California (top tier usage, which any decent mining operation will be in).
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RIP BTC Guild, April 2011 - June 2015
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MiningBuddy
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May 25, 2011, 04:22:57 PM |
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Costing me $0.35 in the UK  |
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w128
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Activity: 14
Merit: 0
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May 25, 2011, 04:40:21 PM |
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$0.14 KWh in Maryland.
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Turix
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May 25, 2011, 04:43:43 PM |
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I'm paying just over £0.12 kWh on average (averaged between my two rates based on my usage) out in the middle of Wales; whats that about $0.20. But taking a look I could drop that to just under £0.11 ($0.18) on average if I switched provider; either way the UK gets the short end of the stick  |
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chungenhung
Legendary
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Activity: 1134
Merit: 1005
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May 25, 2011, 05:08:58 PM |
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$0.10USD
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Isepick
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May 25, 2011, 05:19:38 PM |
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$.125/kwH in S. Florida...using 130 kwH/day.
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steelhouse
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May 26, 2011, 03:47:07 AM |
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I was just looking around Texas $0.05 kwh in deregulated areas. which just makes me sick, California we had deregulated power but we had a semi-retarded governor at the time Gray Davis who didn't understand how it works so shut it down. Then the unions took over and now we have $0.15 electricity. Guess there is always solar.
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fpgaminer
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May 26, 2011, 03:52:08 AM |
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Guess there is always solar. I just use a generator hooked up to my stationary bicycle. Great workout! |
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Kluge
Donator
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Activity: 1218
Merit: 1015
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May 26, 2011, 05:58:02 AM |
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stable @ ~$.07/KWh in PA, US. State regulators have utility companies by the balls, here, to my advantage (nominally, anyway).
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allinvain
Legendary
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Activity: 3080
Merit: 1080
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May 26, 2011, 06:07:40 AM |
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$0.06 CAD off peak and $0.07 on peak for me...I think during the winter the rate is a fixed $0.06.
Either way this is super cheap.
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kr105
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May 26, 2011, 06:24:07 AM |
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I pay $0.23/kWh here in Chile  |
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