Newbie here - which low budget miner to get?

[Ludwish]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

[notlist3d]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

You can't make blanket statements like this there are far to many variables to be able to actually say this.  Look at electricity price it could make and break your comment.   

There is a point where only S7 would be profitable and S5 would not be if high electricity.   Some with high electricity can buy mine for a little bit then try to sell for a ROI.  It is kinda like gambling but there are some that still do it.

[Amph]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 now, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

[Ludwish]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

I think S7 is the better of the two. However, when the 16 nm miner come out, it will be in toast as well.

[notlist3d]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.

[Amph]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.

s7 was pointless after all, it did not last too much, because of the halving they were forced to go fast with another new asic(16nm)

those who were mining with s5, had not urgency to buy the s7, the best strategy would have to remain with s5 until the new 16 nm asic, and skip the s7 completely

[notlist3d]

...Given the price for my current, I pay 1.1€/day to keep a 700W miner running,..

700W = 16.8Kw a day

Paying 110 cents for that = 6.55 cents per Kwh. That is actually quite good for mining.

with the current diff and the future one, i think not even 0.05 will save your ass in the future, the s7 is already doing only 0.03, when it was 0.04, lost 1/4

it's a race war between efficiency and diff, at this point only trading with your hash will save you

With the current difficulty, S7 is making profit, so is s5.

the s7 noe, is losing half of its original production rate, 0.02 right now vs 0.04 at the beginning

the s5 is somehow trash right now if you don't have super very cheap electricity or better to have it for free at this point

That is the key on electricity costs.  Those with cheap/extremly cheap electricity are getting S5's at decent deals and can ROI possibly before having.   But takes the right cost, and price on miner.

S7 or Avalon 6 for most people currently.  But still some are set older gear that is good if price is right.

s7 was pointless after all, it did not last too much, because of the halving they were forced to go fast with another new asic(16nm)

those who were mining with s5, had not urgency to buy the s7, the best strategy would have to remain with s5 until the new 16 nm asic, and skip the s7 completely

Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.

[Ludwish]

Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.

With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit.

[notlist3d]

Depends on your electricity price.  S7 is necessary for some operating conditions where electricity is higher.  In others S5's are great still.

So it's pretty individualized.  I would not say it served no purpose as I think it's efficiency did serve one but it is perhaps did the most for those with higher electricity prices.  As that is where it is harder and harder to mine.

With the current difficulty, if your electricity is $0.1, the mining revenue is double the electricity price. When the halving come, there will be no profit.

Having is still a LONG time away in mining terms though.  And we talk about having as some big thing... but if you look at data since January 13th ... we have almost haved just look at data:

Feb 19 2016   163,491,654,909   13.44%   1,170,318,852 GH/s
Feb 07 2016   144,116,447,847   20.06%   1,031,625,717 GH/s
Jan 26 2016   120,033,340,651   5.89%   859,232,121 GH/s
Jan 13 2016   113,354,299,801   9.12%   811,421,684 GH/s
total      48.51%   

So we make it sound like this big horrible thing but we did it in a month and a half in difficulty changes.