Quote from: Puppet on October 13, 2013, 08:24:51 AM

Quote from: organofcorti on October 13, 2013, 08:19:58 AM

Another question - in your example you've used average miner electricity costs at 0.12c per kWh. Do you still think this is a reasonable estimate? I suppose you assume that miners will move rigs to the lowest cost areas - overseas if necessary?

THere is a reason I put that variable on an axis of the chart

. In the long run, yes I assume mining will migrate to where electricity is cheaper.
The cheapest rates I found are in Kuwait at an astounding $0.01 per KwH. Not sure if anyone will want to invest in a huge bitcoin mine located there, but for sure it will move to Russia, China, certain US states where prices are lowest.

You've quoted that 2.5 cents price from Wikipedia in Russia but be aware that is the cost per kw for a certain plan in a certain time frame (23-07).
Overall cost are much higher.