Quote from: Unacceptable on May 31, 2017, 04:04:03 PM

Quote from: numnutz2009 on May 31, 2017, 03:04:45 PM

Quote from: ComputerGenie on May 30, 2017, 09:46:11 AM

Quote from: Unacceptable on May 30, 2017, 07:47:12 AM

...[dumb stuff]...[more dumb stuff]...So not too many new folks will take to BTC,unless they can mine it & that will be over very soon,already is for most due to power prices Sad

Where do you people live that power price is an issue? I've still got 8 personal S7s running @ 775-800, paying $0.10 per KWh, and making a profit from them(and they were even making a profit when BTC was @ $700).

whe do u live that gets u power prices that low?? looking at the list of price per kwh in the us shows prices just under $.10 per kwh which fits the price listed in your post with one key piece of info left out and that is the cost of distribution. the cost of pepco in maryland is $.08xx per kwh but the line distribution fee jacks the cost per kwh to the better part of double the electricity cost. but if you tell me your location or the company u use i can verify ur numbers for u. i pay $0 for power but i watch my home usage like a hawk.

i should also add my "proof" before you go spewin on about it. here is a link to the pepco doc on pepcos website showing the generation trans and distrib of power costs per kwh:

http://www.pepco.com/uploadedFiles/wwwpepcocom/Content/Page_Content/Rate_Schedules/R_Pepco%20Rate%20Schedule.pdf

My power is 13 cents per kwh,just divide total bill by kwh used & viola!!!! THAT is why it makes no cents to mine BTC ,I'm kinda spoiled after mining 900 BTC since June 2011 Wink

thats a basic way of using it but it isnt the correct amount. my reply was to the other dude because he claims to only pay $.10 per kwh and i would like to know more on that.

the reason the number isnt correct is because your bill includes many local and federally added fees and taxes for just about every charge lol. hell if you look at the rate info using the link i posted you will see they charge an extra 2.xxxx% on the line transmission fee which is only $.007xxx per khw but that quickly adds up at the end of the month. its pretty normal to see trans/distrib fees adding up to the same amount as the actual generation fees effectively doubling them almost. and when you look at the costs on websites they only list the generation fees usually and not the other stuff which throws people off big time. the bills r also way more complicated than they need to be. i dont see any justifiable reason for not charging a flat rate per kwh of usage....instead they make it harder to understand allowing things to fly under the radar much easier.