Cost Effective Water Conditioners | MonsterFishKeepers.com
From that thread:
If ones tap water is disinfected only with chlorine, by far the most cost effective manner to treat the water is buying bulk sodium thiosulfate, and making your own stock solution. 1 pound will treat approx 30,000 gallons of chlorine treated tap water. (@ 3.75 mg/l chlorine) This is the exact same chemical that the vast majority of lower cost water conditioners on the market are made from. When purchasing those products you are essentially paying for water, and a fancy container.
http://www.wchemical.com/SODIUM-THIOSULFATE-P51C9.aspx (sorry, this link no longer works)
55 lb's for $65.00
1 pound will treat approx 30,000 gallons of chlorine treated tap water. (@ 3.75 ppm chlorine) So unless my math is off, for $60.00, the 40lb bucket would treat approx 1.2 million gallons of water.
Perhaps 2-3 million gallons depending on the level of chlorine in your tap water. For most hobbyists, even those with large fishrooms, a single pail would most likely last you a lifetime. For those with smaller set ups, split a pail with a few friends.
Recipe:
Make a solution consisting of 4 ounces (1/4 lb) Sodium Thiosulfate crystals dissolved in 1 gallon of distilled or deionized water. Use 5 ml (1 teaspoon) of the solution for each 10 gallons of makeup water to neutralize up to 3.75 ppm chlorine. One cup can be used for each 500 gallons. (The entire one gallon of solution will treat about 7500 gallons of tap water.) The shelf life of the solution is about six months when stored in a cool location. The crystals will keep for several years if kept dry.