Newie looking for hardware: Bitmain Antminer S5?

[fmmarzoa]

Hi there!

My name is Fran, I am from Spain and I am just starting with BitCoin. I am currently reading the book "Mastering Bitcoin" by Andreas M. Antonopoulus and I found it fascisnating. I also watched the documentary "The Rise and Rise of Bitcoin", pretty interesting too.

I have been looking around for ASIC based hardware to mine at home, for about €500 or so, and so far the better option seems to be the Bitmain Antminer S5, that's sold for about €450 here. The Spondoolies SP20 looks like a great choice too, but the problem is that I couldn't find a retailer in Spain, and coming from US with shipping is yet closed to €600. I'd like to join a real P2Pool peer to peer pool (now, that's really redundant...) as soon as I've got it.

In any case, any idea how much time I could expect to recover the investment on one of those, having them working 24 hours a day with an average price of €0.085 kWh? let's say at current $240 or so per Bitcoin price.

No need to say that any other advice is welcome.

[pooya87]

take a look at the mining section here:
https://bitcointalk.org/index.php?board=14.0

also you can use mining support:
https://bitcointalk.org/index.php?board=40.0

or harware
https://bitcointalk.org/index.php?board=76.0

[LiteCoinGuy]

when you want to start with mining:

-dont make pre-orders

-only invest a little bit and see how it works

-learn how to secure your coins

-learn more about BTC


(the book is a good start   )


have fun

[kotwica666]

Before you invest, you can try mining on hashnest.com (cloud mining). S5 is not yet available for sale, but you can try S4.

[kpitti]

when you want to start with mining:

-dont make pre-orders

-only invest a little bit and see how it works

-learn how to secure your coins

-learn more about BTC


(the book is a good start   )


have fun

Exactly this is what I suggest as well.
Bitmain is good choice as he is leading the industry and his reputation is strong.

[ABitNut]

Before you invest, you can try mining on hashnest.com (cloud mining). S5 is not yet available for sale, but you can try S4.

Say what? https://www.bitmaintech.com/productDetail.htm?pid=000201412231604153619o9X1obn0693

[kotwica666]

Before you invest, you can try mining on hashnest.com (cloud mining). S5 is not yet available for sale, but you can try S4.

Say what? https://www.bitmaintech.com/productDetail.htm?pid=000201412231604153619o9X1obn0693

Oh! You have right! For shipping! Good I missed that!
I just check Hashnest.com page and there stock is still 0.. I prefer their cloud. My electricity costs are far higher then maintenance there.

[unsoindovo]

when you want to start with mining:

-dont make pre-orders

-only invest a little bit and see how it works

-learn how to secure your coins

-learn more about BTC


(the book is a good start   )


have fun

you forgot to say

no subscriptions of cloud mining services!!!

have fun!!!

...again

 

[kotwica666]

no subscriptions of cloud mining services!!!

Cloud mining - including Hashnest.com? 

[unsoindovo]

no subscriptions of cloud mining services!!!

Cloud mining - including Hashnest.com?  

and maybe hashie.co???

:-)

[CrackedLogic]

Instead of spending your money on hardware that might not be profitable at the current moment,rather spend it on buying coins directly.

[Wusolini]

no subscriptions of cloud mining services!!!

Cloud mining - including Hashnest.com? 

Hashnest is OK, but not so profitable anymore.

Can have luck or

[Amph]

even s5 with its cheap electricity won't make roi, don't waste your time on mining anymore, better to buy directly

[ChuckBuck]

If you order from Spondoolies, I can't see why they wouldn't ship to Spain.  They're based in Israel:

http://www.spondoolies-tech.com/products/holiday-special-sp20-jackson-shipping-from-stock

The SP20 is a better buy than the S5.  It's currently $0.28 per GH/s compared to $0.32 per GH/s for the Antminer S5.

Better buy, better interface, better support, easier to underclock, more efficient, etc..

[unsoindovo]

Hi there!

My name is Fran, I am from Spain and I am just starting with BitCoin. I am currently reading the book "Mastering Bitcoin" by Andreas M. Antonopoulus and I found it fascisnating. I also watched the documentary "The Rise and Rise of Bitcoin", pretty interesting too.

I have been looking around for ASIC based hardware to mine at home, for about €500 or so, and so far the better option seems to be the Bitmain Antminer S5, that's sold for about €450 here. The Spondoolies SP20 looks like a great choice too, but the problem is that I couldn't find a retailer in Spain, and coming from US with shipping is yet closed to €600. I'd like to join a real P2Pool peer to peer pool (now, that's really redundant...) as soon as I've got it.

In any case, any idea how much time I could expect to recover the investment on one of those, having them working 24 hours a day with an average price of €0.085 kWh? let's say at current $240 or so per Bitcoin price.

No need to say that any other advice is welcome.

hi fmm!!!

all guyz are telling you the same thing!!!

mining with ASIC it is not yet profitable...
mining with GPU it is not yet profitable...
mining on the cloud it is not yet profitable...
mining with botnet it is not yet profitable...

so.. if you want to invest in bitcoin business..
buy BTC directly and pray for a bitcoin pump like november 2013

 

[heskey]

Try out a cloudmining company perhaps.

[kotwica666]

no subscriptions of cloud mining services!!!

Cloud mining - including Hashnest.com?  

Hashnest is OK, but not so profitable anymore.

Can have luck or
http://s21.postimg.org/4dyy03dpj/Mining.png

It all depends on the price of Bitcoin. But in this situation, it is better now to buy GHs in cloud and be able to sell, than to buy miner (S5) and then just stay with a useless box.

This same about buying directly coins - it all depends on price!

[LiteCoinGuy]

when you want to start with mining:

-dont make pre-orders

-only invest a little bit and see how it works

-learn how to secure your coins

-learn more about BTC


(the book is a good start   )


have fun

you forgot to say

no subscriptions of cloud mining services!!!

have fun!!!

...again

 

and stay away from GawMiner Scam  !

[Haruko]

when you want to start with mining:

-dont make pre-orders

-only invest a little bit and see how it works

-learn how to secure your coins

-learn more about BTC


(the book is a good start   )


have fun

you forgot to say

no subscriptions of cloud mining services!!!

have fun!!!

...again

 

and stay away from GawMiner Scam  !

and here you are served!!!

http://coinbrief.net/gaw-miners-sec-investigation/