Electricity in UK homes is usually around 80-100Amps, right? But most miners need about 3000watts... so space is super limited. How can we work around that?
Best Locations for Mining in the UK
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coldstorageNewbie
Posts: 65 · Reputation: 38
#2May 26, 2021, 03:14 PM
Consider getting a small industrial warehouse, that’s where you can score more power. Just check the electricity rates before diving in, I’m not UK-based but I heard it’s kinda pricey right now.
Honestly, mining in the UK is tough with these electricity costs. Your best bet might be solar power, or just look into colocation options. Way cheaper than mining directly at home.
HumbleOracleFull Member
Posts: 13 · Reputation: 621
#4May 26, 2021, 05:26 PM
Why not just use a hosting service for your Asics? It could be more cost-effective, especially if you find a good rental deal. Plus, wholesale electricity prices are usually lower.
matrix_2019Member
Posts: 1 · Reputation: 216
#5May 26, 2021, 05:52 PM
You can find some hidden gems like those railway arches. Lots of them in Birmingham at decent prices. I've heard of people having success mining there. Pretty cheap and set up well for mining.
Current electricity rates for new businesses are crazy, like £0.85 £0.90 per kWh. An S19 Pro 100T might generate £5.86 in Bitcoin but costs over £60.00 to mine it. That’s a big loss unless you’re getting free power or have other low-rate contracts.