Ethereum : Average Global Electricity Cost?

Ethereum update: Average Global Electricity Cost?

As Ether difficulty continues to rise and its price continues to fall, I am curious to what point the mining will no longer be profitable against electricity costs.

Here in Vancouver, I pay the equivalent to 0.10USD/kWh. Based on my rates, mining Ethereum break even point for me is ~$200USD/Ethereum.

What rates do you guys pay? And what do you think the average global electricity rate is?

I am under the impression mining Ethereum is no longer profitable in most of the World. Please tell me what you think below 🙂

View the link

About Ethereum

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Author: ageondovandyk

Score: 1

Don’t forget to share the post if you love it !

Ripple : Being a strong supporter

Ethereum : Proposal to move EIP 999 to “Rejected” state.