Hello team, I live in the Dominican Republic and I'm planing to buy at least 3 Antiminer S7, but I'm worry about the power consumption. Only one of those can suck almost 970 KWh (around USD$195 at current exchange) in a month.
Which alternatives do you recommend that I need to implement to keep my electrical bill low or, at least, to gain USD$50 per month?
I was looking for using green power sources (solar and wind), but the initial investment it's ridiculous: I'll need more than USD$10,000 just for a few miners.
If my math is correct and your electricity is US$0.201/kWh (and assuming that includes tax, delivery, etc) then I would highly suggest you don't get involved with mining (especially BTC mining) at this time. You will be losing money from the beginning, even if your S7's were free:
http://i68.tinypic.com/1qfu3q.pnghttps://bitcoinwisdom.com/bitcoin/calculatorAs posted above, I would look into government incentives for green energy. At that electricity rate, I think building a solar and/or wind farm would be beneficial if there were government grants or otherwise. At your rate, you are looking at spending over US$600 per month for electricity for the 3x S7's, and that will be constant month after month. Whereas your revenue from mining will decrease month after month.
Btw, which pool do you recommend? I just noticed that you set the pool fees at 0.5%
