Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
The Avenger
on 20/11/2014, 22:05:32 UTC
From what I can find, the best rate you'll pay in Sweden for electricity is about 8 eurocents per kWh, which isn't very good. That's what large mines and data centres pay.

Quote
KnCMiner, based in Stockholm, operates about 7,000 machines. While the mining company’s electric bill in March came to $450,000, the computers mined 21,000 bitcoins, according to co-founder Sam Cole.
http://www.businessweek.com/news/2014-04-11/bitcoin-mining-boom-sputters-as-prospectors-see-real-cash-losses

21000x$600 = $12,600,000
$12,600,000 - $450,000 = $12,150,000
Do not, ever, in any way, feel sorry for these c@ck-suckers.