21–30 of 54 posts
The only problem I see is the reliability of the electricity provider itself. There are frequent surges and parts of Jakarta are known to experience regular rolling blackouts.
FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
Oh, and that's a flat rate.
'105 GPU system ' it'll be redundant is about a week or two when ASICs hit hard
Indonesia mainly runs on thermal power, it is kind of sad that those crypto currencies indirectly encourage making profits out of cheap labor and the planet itself. source wikipedia: http://en.m.wikipedia.org/wiki/List_of_power_stations_in_Ind...
$114 a day is equivalent of $14.25 working 8 hrs/day. I think there are many ways to make $14/hr without investing in expensive equipment (which will also need to be replaced eventually running that hot). Actually, person that is capable of building such thing and keeping it working could probably easily fetch much more than $14/hr.
This might pay off mining 60LTC per day and hoarding them. The guy who started Litecoin now works for Coinbase, which may adopt Litecoin and will no doubt start a gigantic speculation bubble this Indonesian dude can cash out with http://www.wired.com/wiredenterprise/2013/08/litecoin/
FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
California? Lower tier is 10 cents, next one is 30 cents, and there are 74 and 95 cents ones in peak days.
FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
Electricity isn't very useful when it's at the hydro lake!
[Edited to add numbers] Looking into it, Ontario power is:
(Peak 11AM-5PM) 12.4c/kWh generation. 3.37c/kWh distribution 1.21c/kWh transmission
$17.29/mo connection.
So, that's CDN16.98c/kWh delivered to a suburban home.
Still, nowhere near 30c/kWh.
FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
FTA: > Electricity in Jakarta, Indonesia costs three cents per kilowatt hour. That’s 30 cents less than power in the US and Europe. Uh...Power in the US costs 30+ cents/kWh? In which part of the country?? In Ontario, Canada, the price is about 6.7 cents/kWh during the night and peaks at 12.4 cents/kWh in the afternoon. http://www.ontarioenergyboard.ca/OEB/Consumers/Electricity/E...
400kWh is $127.93 or 32cents/kWh