[ikeboy]

Average price paid for electricity in many regions is 20 cents/kwh. Just using your numbers that translates into $300/month in costs for under $400 in ETH.

At the national average it would be $200/month by rough math.

[bdcravens]

In Texas, 8-12 cents is more likely.

[nine_k]

In downtown Manhattan, maybe. In most other places near a power station, it's not.

[fapjacks]

Southern California and its local electrical monopolies, for another.

[kobeya]

2 cents, not 20.

[ikeboy]

It depends on region, some are 20 cents, national average is 13.7 according to https://www.bls.gov/regions/new-york-new-jersey/news-release...

[kobeya]

But the regions where people are hosting miners are between 2-4c per kWh. Those are the competition, and those are the people buying (and selling) these.

[ikeboy]

I was responding to

"But even if you dont have a facility in washington and just mine from your apartment, your power cost would probably be $100 a month."

Even if they're only paying the national average, it's still off by a factor of 2.

[zanny]

2 cents is an abnormality. Europeans pay around 20 cents per kwh on average.

[dgacmu]

2 cents is what you're competing against -- very large mining farms located near cheap, under-utilized hydro plants. Many in China, due to the existence of many such plants. [0] Those are the mining operations that can remain (marginally) profitable when the small home miners are forced out because gross revenue is less than power costs.

[0] http://www.afr.com/technology/lisa-kangding-story-20160706-g...

[kobeya]

It's 3-4 cents in China. 2.3cents in Quebec. 2cents in Washington State (which is what the GP was referencing).