Mining PSA: You can generally get cheap power in your area if you understand the power purchase agreements (PPA) offered by your electricity provider.
This is available to any size mining operation, 1+ machines.
Read on to understand these different types of PPAs available. 👇
This is available to any size mining operation, 1+ machines.
Read on to understand these different types of PPAs available. 👇
1/ I want to talk about 3 PPA types:
1. General - charged $/kwhr used
2. Peak/off-peak - charged different $/kwhr used based on time of day. Lower at night higher during day.
3. Charged flat rate at peak KW usage.
----THIS IS WHERE THE MONEY IS---
1. General - charged $/kwhr used
2. Peak/off-peak - charged different $/kwhr used based on time of day. Lower at night higher during day.
3. Charged flat rate at peak KW usage.
----THIS IS WHERE THE MONEY IS---
2/ Starting w/ general ($/kwhr)
You are charged a flat rate say 10 cents/kwhr for the accumulative kwhr used that month.
If you turn a welder on for an hour you will only be charged for that kw usage during that hour. This is what most houses use by default.
Cost: Highest
You are charged a flat rate say 10 cents/kwhr for the accumulative kwhr used that month.
If you turn a welder on for an hour you will only be charged for that kw usage during that hour. This is what most houses use by default.
Cost: Highest
3/ Peak/off-Peak ($/kwhr)
You are charged a different rate based on time of use.
🌞12 cents/kwhr
🌛 8 cents/kwhr
Use this to your advantage but remember miner uptime is the MOST important thing. DO NOT toggle a miner on and off to minimize electricity bill.
Cost: Mid
You are charged a different rate based on time of use.
🌞12 cents/kwhr
🌛 8 cents/kwhr
Use this to your advantage but remember miner uptime is the MOST important thing. DO NOT toggle a miner on and off to minimize electricity bill.
Cost: Mid
4/ Flat rate / KW use.
From my understanding this is where you can get the cheapest $/kwhr.
Imagine you use 0 kw all month except to power a welder for 10 minutes. In this PPA you would be charged based on your max KW usage during the month.
Cost: Low
From my understanding this is where you can get the cheapest $/kwhr.
Imagine you use 0 kw all month except to power a welder for 10 minutes. In this PPA you would be charged based on your max KW usage during the month.
Cost: Low
5/ The electrical company will charge you as if that welder was being used 24/7 for the whole month. The only time this PPA would make sense is if you are running:
1. A cannabis farm
2. A mining operation
1. A cannabis farm
2. A mining operation
6/ 1 or 2 miners can draw more power than an entire household. Therefore by monitoring your peak power load you can save big on electricity costs.
The more miners running 24/7 the easier this is to manage because turning on additional appliances wont greatly affect peak load.
The more miners running 24/7 the easier this is to manage because turning on additional appliances wont greatly affect peak load.
7/ But lets imagine running 2 S19's. You have a constant high load throughout your house. If you were to power on an electric oven this would increase your peak load for the month. A simple solution would be to kill a s19 every time you power the oven to maintain a peak load.
8/ Using a peak load PPA you can optimize the electricity costs of your power hungry miners at any scale and potentially save or negate household electricity costs.
9/ NOTE:
This is considering Business PPAs. Anybody can help you with this. "Starting a business" should not be a hurdle for getting a desired PPA.
The images I have provided highlight information you should look for. You want to find a plan that dictates a $/kw not a $/kwhr
This is considering Business PPAs. Anybody can help you with this. "Starting a business" should not be a hurdle for getting a desired PPA.
The images I have provided highlight information you should look for. You want to find a plan that dictates a $/kw not a $/kwhr
10/ Best of luck, I wanted to share this because many are not aware that:
1. this info is public
2. these PPAs are available to them
3. how to decipher this stuff
If you have any questions please reach out. I just recently learned about this and wanted to share.
1. this info is public
2. these PPAs are available to them
3. how to decipher this stuff
If you have any questions please reach out. I just recently learned about this and wanted to share.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
