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Board Mining
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Re: Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills
by
philipma1957
on 21/09/2024, 23:55:03 UTC
⭐ Merited by FP91G (1)
The government launched a power bill support scheme which covers 80% of the portion of the electricity price that exceeds NOK 0.70 per kWh. From October to December of this year, that percentage will jump to 90%.
https://www.lifeinnorway.net/why-is-electricity-so-expensive-in-norway-right-now/

Quote
Regjeringen har i statsbudsjettet for 2024 foreslått å prisjustere terskelverdien fra 70 til 73 øre/kWh eksklusive merverdiavgift fra 1. januar 2024. Når prisen i enkelttimer går over 73 øre/kWh eksklusive merverdiavgift, vil strømstønaden dekke 90 prosent av prisen over dette nivået.
https://www.regjeringen.no/no/tema/energi/regjeringens-stromtiltak/id2900232/?expand=factbox2900261

They have an electricity price of 6.6 cents for households.

so it was all 3000 watt 90 th machines

so 24 x 3 = 72 kwatts a day at 5 cents 3.60 for power

and 90 th x 4 cents is 3.60

so the gear was break even

which means fuck it we do not want to buy all new s21 xp

which do 270 th at 3500 watts

they burn 84 kwatts or 4.20

and they earn 270 x 4 = 10.80

they could run 2000 making 6.60 on each one or 13200 a day

but 2000 s21xp cost about 14 million.

do i want to lay out 14 million to clear 13,200 a day

comes to 4.7 million a year which means more than 3 years to get back the 14 million

or sell all of it maybe 600,000 for the s19 gear and call it a day.

if the s19 were paid off the 600,000 is profit.

the way mining is going I rather take the small profit.