According to Bruce Bjorkman of MAK, his cookers use about 1/2 pound of pellets per hour when set on "Smoke" (about 175°F). At 450°F, the high temp, they burn about 2.3 pounds per hour. This is about the same average as I have experienced on a variety of pellet eaters. The burn rate will vary somewhat depending on the outside air temp, and how much cold meat is loaded in the grill, but cooking load should not have a major impact. Cooking pellets run about $1 per pound depending on the wood flavor, brand, if you get them on sale, and if you have to pay shipping. As a point of comparison, Kingsford briquets list for about $0.75 per pound, but they don't pack the same BTUs because there are fillers. I usually buy 40 pound bags of BBQr's Delight pellets from BigPoppaSmokers.com for $45 and shipping is free to IL. That's $1.13 per pound. That means that if I cook a slab of spareribs for six hours at 225°F I will probably burn about 4 pounds at about $4.50. If I put 8 slabs in there in rib holders, and allocate 1/2 slab per person, my cost for 16 people is about $0.28 each. If I grill a mess of chicken parts at about 325°F for about 1 hour, I will use about 1.5 pounds of pellets for a cost of $1.70.
OK. I’m rambling a bit. To your point regarding Traeger. I think that the models you can buy at big box stores (Costco etc) are OK. I still hear a few complaints about blistering paint etc. But… their Pro Series Models are a different story. The new management at Traeger has come a long way in their efforts to reaffirm the Traeger brand as a legitimate BBQ Pellet Smoker brand that everyone from the backyarder to competition pitmasters can get behind. To that end, they only allow specialty retailers carry the Pro Series models, which are built with a bit more heft and better PID controls, electronics, etc. You can find these at Ace Hardware stores, places like the Whiskey Bent BBQ Supply store we have here in Lakeland, FL (there is now one in Odessa, FL) as well. You can find a Traeger Pro model by going to http://www.traegergrills.com/dealers.
Although I marked price high. I would buy it again, tomorrow. I was a novice. I had never smoked anything when I bought this. It is amazing and if you asked my friends and family I should have opened a bar & grill. It's grills better than any gas grill u can buy. The YS640 only gets better with time you get good at using it. It's the best cooker on earth. If your considering paying over $800 for a cooker. Spend the money... you will not regret it. My cousins have Traegers.. and they smeared by them. One weekend at my cabin one has ordered his the other don't have the money yet. I have used it a minimum of 2 days a week and have already got my money out of it by not ruining meat. The guys at Yoder have a monopoly. No one makes a cooker that could stand up to it. THANK YOU YODER. YOU HAVE MADE SOME GREAT HOLIDAY MEMORIES FOR ME AND MY FAMILY. Remember if your on the borderline don't know if it's worth a little more. By the 12th month of owning it. You will look at your wife or girlfriend and say "I'm so glad I spent a little extra and got that. It's beautiful.
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Like with e-cigs and their gimmick of flavorful e-liquids, pellets for pellet grills and smokers also have different flavors added to their pellets, and they include bourbon, maple, apple, cherry, mesquite, alder, pecan, and hickory. You can mix flavors, change flavors, or use different flavors for every day of the week if you do everyday barbecues and grills for your restaurant or something.