What’s up everyone? Just curious what your thoughts are on electricity prices in the USA and how it’s gonna affect mining. With the war and all, the prices are rising and I’m wondering how this will hit the mining scene.
There’s actually a lot of chatter about this already... To sum it up, some states have great rates while others are kinda high. Probably won’t change much unless more states, like Oklahoma, start trying to attract miners.
So, if you look into it, the commercial power price for around 1 MW load is usually between 5 and 10 cents in most U.S. cities. A few spots are cheaper or pricier though. Places like Washington and Texas are on the lower side, whereas CA and NJ have higher rates. Mega miners often get special deals, paying as low as 3-4 cents.
Wow, if those numbers are true, electricity is super pricey for mining. It’s hard to do it in a home setting in the U.S. without being a big player to get decent rates.
A lot of price comparison sites aren’t that reliable. ElectricityLocal.com is particularly bad. Commercial rates are totally different from residential ones. Miners are more concerned with energy costs than delivery charges, unlike homeowners. Sure, states with cheap residential rates often have cheap commercial rates, but you gotta check those massive tariff docs.
Honestly, there aren’t any good ones. Best bet is to look at public utility tariffs, plug the numbers into a spreadsheet, and then just call the utility company to confirm everything.