It makes zero sense to run on solar without feed-in plans!
So unless you manage to strike a deal to sell extra power you make during the day and turn it into credits to run your miners at night the cost of the batteries will make you bankrupt.  And without batteries, you're going to ROI by 2140.  


Of course franky, of course.
Poeple here on the forum mine with 4cents but you know from your own experience from the void that the largest miners pay 0.07.
And American residential home miners pay 12 cents minimum, although again plenty of poeple here get it well under 10.
But of course, you know better than anyone else.

I mean fuck Marathon, Riot, Bitdeer, Bitfarms, they don't know shit when they file documents for the SEC with costs of 2.5-4 cents per kwh.

I am not sure that the government can so easily raise electricity prices after the recent events. After gas prices were doubled, massive protests and public rallies broke out in Kazakhstan, after which the entire government was sent to resign. Therefore, discontent may arise again in the country.

https://bt.irlbtc.com/view/5313966
Apytioh: "The country's highest electricity tariff is less than $ 0.05 per kilowatt. In some regions there are rates of $ 0.03-0.04"

I think that the tax in Kazakhstan was small at the beginning and should have been increased in the future.It looks very ridiculous to raise the price of electricity and still take a tax on each piece of equipment.

If you want to know what is really going on in Kazakhstan, then I can ask Apytioh for a new interview.You can post questions in this thread.

funny part is.
i quote AMERICAN prices as an example..
and stompix cries because he read somewhere that they pay $0.022.. spoiler:[ in ARGENTINA]
(yea i read the bitfarms paper too)

thus he posts a comment to try being sarcastic that americans must not be paying 0.07 because of something he read, but didnt check, because he might have realised that it was to do with.... Argentina..

maybe he has dyslexia. or maybe he thought the US is pronounced Armecina instead of American, it might explain why he got confused thinking americans can pay $0.022/kwh instead of $0.07+
maybe he didnt understand that the 7c industrial 12cent residential was also a average. .. or maybe he just doesnt care and was looking for anything to comment and be sarcastic about without doing the research

last time i looked Argentina is not America
hell i know they both start with a 'A' and end with an 'a' and also have the letters 'r e i' in the middle.. but that does not mean they are the same place.

but thanks for the laugh.

heck ill quote you quoting me mention bitfarms. and you being silly mentioning marathon
notice the difference

BITFARMS report was about its 210mw facility.. in argentina..
bitfarms was about bitfarms.. not marathon

out of all the reports it was the bitfarms one that had the cheapest rate. which is why i chose that one as a picking point to show how he got the 2.x c number wrong because it was about a argentina facility
also


but lets deal with stompix's new mis understanding. let go with marathons


3.4c is 38% lower then CURRENT

meaning right now they are CURRENTLY averaging 5.5cent.. hmm.. well thats more then kazahkstan CURRENTLY
which america as a whole average 7cent(for industrial asic farms)

..
i dont know why stompix wants to knit pick one example of an average to try and then fail at understanding the point that it was to do with that kazahkstan is still cheaper to mine.

because if stompix can ignore the average, and try his failed hardest to find a bottom price of possible future price ESTIMATE.. i too can find a kazahkstan bottom price NOW that beats american bottom price FUTURE ESTIMATE..

which if he read the point.. would still apply to my point, that was "its still cheaper to mine in kazahkstan than it is to mine in america"

---

edit to answer stompix's latest sillyness below
stompix does not understand AVERAGES in the example many posts ago.
stompix went on a rant about how prices were not 7cent (in his mind minimum) but 2.5cent -4cent minimum

stompix does not understand AVERAGES. (needed emphasis)
so is now trying his damned hardest to ignore my average example quotes so that he can play silly games of minimums
i already said the 2.5minimum he quoted(related to bitfarm argentina number) is nothing to do with america.
so now he wants to say that bitfarms is 4cent in washington

well like i just said above
if he is trying hard to find a current US minimum i can find a kazahkstan current minimum that beats US current minimum.. thus circling back to the point that its still cheaper to mine in kazahkstan

last laugh of the day
link does not even refer to washington price of 4cent.. its says it helps bring the corporate wide price down to 4cent.. why..
well along with the argentina(at 2.5c) and the quebec(at more) the corporate average becomes 4 cent.. not washington
(10 farms, 4 countries = average 4cent... not washington)

anyway.. stompix.. your boring now.
its still cheaper to mine in kazahkstan. accept it, move on

We need deep understanding about the ground situation in Kazakhstan whether there regular domestic and commercial power supply has been affected by the power consumed by the miners or else what's the reason behind this massive surge in electricity charges and tax, if it's affecting their power supply or creating shortage then they have all the right and it's a sensible decision but it's just the greed of government to extort money from miners then again they have to migrate to a more crypto friendly nations.

The problem here could be the rich miners exploiting the cheap rates, there should be an MOU signed between government and miners to ensure it should be mutually beneficial.

Nice! This is also what I am thinking for such politicians, how sad that corruptions are everywhere, even how improved a country is, corruption is still there.
This is one of the downsides of it, on this side of decision or stand, they are owning and can do whatever they want especially abusing their power.
This is one of the biggest challenges for Bitcoin too, and for sure this is just beginning, other countries will appreciate really use of Bitcoin and will support it especially the miners.

A lot of countries are imposing new taxes on crypto currencies. This may hurt the spirit of crypto enthusiasts. I think governments should think of crypto currency in an opportunistic way rather than treating it as an income generation.

Considering the fact that the bitcoin mining in China wasn't that big and wasn't using that much electricity and the amount they were using were coming from clean renewable sources that wouldn't have existed otherwise and also comparing it to the entire population of the country with 1.4 billion, this reason doesn't seem to be the right motivation behind the crackdown.
In fact I believe it was a move to push people into using their centralized govcoin that they plan on creating (digital Yuan or something like that).

You mean another FUD like the ones saying "bitcoin is only used in darkweb" LOL.