Bitcoin's Price Surge Is Making Hobby Mining Profitable Again

Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A... by Valodim on Monday July 10, 2017 @01:48PM (#14738138)

11MWh average, 0.12 cents/kWh?! Power costs more than twice as much in Europe, and the average household uses half as much. No wonder you guys (in a twisted democratic sense of the word) aren't too fond of climate treaties.

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Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A... by Analemma_ on Monday July 10, 2017 @01:59PM (#14738219)

I know you're sort of joking, but that doesn't really explain it: the places where power is cheapest in the U.S. are the places where the most renewables are used. Here in Pacific Northwest power is closer to 8 cents/kWh because it's mostly hydro; Texas is cheaper than in the surrounding South because it has more wind power, etc.

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Re:Bitcoin's Price Surge Is Making Hobby Mining Profitable A... by yuhong on Tuesday July 11, 2017 @01:15AM (#14741730)

In this case, the server room location is Allen, Texas, likely paying commercial rates.

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