Thanks for the input guys. Pretty much scratching that idea.
This place is going for $3,000 a month and has 800 amps at 208/120v, could possibly negotiate down. Electricity on average would be about $.025-$.029 a killowat. Anyone think there's a small business/mining opportunity here? Anyone think the community would be interested in pitching in for some kind of a "group host"/"group buy" option? Been thinking. Or 800 amps too little since that gives ~290kW. Another option would be to spend $30-80k alone upgrading to 3000 amps (1 MW), but that would be a much bigger project of course, and more capital.
Electricty isn't billed by kilowatt. It's billed by killowatt hour
Just a little example:
Remembering from our high school science class that 1A = 1 coulomb/second and 1V = 1 Joule/ Coloumb and a 1W = 1 Joule/ Second
And of course, we remember that a coulomb is 6.241509×10^18 electrons
800A at 120V = 96000W = 96kw
Say you run for 24 hours.
That's:
2304kwh
At $0.029 (are you sure this is correct? My rate is $0.23 (23c per kwh) at home)
That's:
$66/day
Although it's more likely to be $660/day