Post
Topic
Board Mining (Altcoins)
Re: Best electricity plan for mining
by
hyet24
on 09/05/2018, 03:27:26 UTC
damn those numbers are really bad.

Here in NJ

13.5  for 8 months
16.7  for 4 months

and free heat helps  lower the winter rate of 13.5 to more like 10

That's a trade off to get an easy life.  lol  California doesn't produce their own power like other states.    Someone explain it here.   That's why it's expensive.


As for PGE California.  Avoid Tied Rate E-1.   For me it would Calculate for $13k per year for my setup.   If you go with ETOU-B it cost $9.1k a year.

Reason for that it's fixed to .22 cents for Winter.  I think it's .27 cents 4-9pm.    

Tiered rate it's worse because you eventually go over 400 kwh in first few days and especially your the only miner.  They would on only charge .14 cents.  Once you get pass that it would increase to .22 cents until you hit 400% over baseline (overall area).   So it depends on your area.    If all your neighbors are miners it would be cheap.  lol  

Go with solar because it would put you in a yearly plan.   Before October and Nov.   Bitcoin wasn't profitable enough to pay  for the electricity.   I was able to cover most of the cost when  I was able to sell it $17k.   Timing is really important.