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Topic
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by
Searing
on 25/01/2020, 02:38:00 UTC
I am adding another 20Th to my home mine over this next week. I will take some pics when done.

what kinda elec are you paying etc etc (just can't see how you can profit on such with todays btc machines) not a slam just saying

Mining is always profitable or no one would do it. You may have to put some effort into, move to another city, make improvement's to your house, etc but its profitable.

Pretty much all the midwest is cheap electric, I am paying 7 cents summer rate and 6 winter, this seems definitely within the good for home mining price.

Yup most of the US is profitable to mine, either on residential or commercial.

If you take about 4.5 cents off these rates that about what the realistic low price you can get in those states.
http://www.eia.gov/electricity/monthly/epm_table_grapher.cfm?t=epmt_5_6_a



if you are a newbie..it pays to do the math on your electric bill ..on my electric bill (xcel energy) it proudly claims  8.6c kwh ..when you add state tax fees and the rest of
the odds and ends the real price is 12c kwh...... thus is the rub.....looks good on paper but be sure to figure out what your real bill is by taking all your kwh and divide
by your bill to get the REAL price per kwh...also sometimes in the Summer in some places the rates GO UP per kwh ...so also be aware of that

Just saying from what I understand the typical rate in the USA is 15c kwh or so I was told (with fees/taxes etc as above)

anyway in my case 'home mining' is dead in Minnesota at 12c kwh rate imho.....sigh....after I run these Titan(s) to doorstops that will pretty much be it....

Also that this is the 'pictures thread" here is link to my miner pics on Imgur again if anyone is interested.....(to please the omniscient op's on this picture thread) Smiley
 
http://lostgonzo.imgur.com/


I'm in Scott County Minnesota (Minnesota Valley Electric MVEC) using their EnergyWise program June-August I pay 7c kwh with tax, last winter I was paying 4.6c kwh straight....(no taxes on home heating) and they rarely ever turn it off Tongue  17mwh is still a heck of a bill at the end of the month though LoL

http://www.mvec.net/residential/energy-wise/

http://www.xcelenergy.com/Energy_Solutions/Residential_Solutions/Rate_Programs/Time_of_Day_Plan

Use automatic Transfer Switches (APC Redundant Switch) if you want to keep your miners running during peak demand


don't have enough juice (need to use 3k kwh to qualify) for any more the 12c kwh with xcel I'm in BE county in Minnesota

just saying when I figure it all out taxes and the works vs kwh's used...it is almost exactly 12c kwh here

I assume you have a bigger rig setup then 2 titans and a small house w/o central air?

anyway good for you Smiley