Antminer S5, a good idea ?

[Erkallys]

I can have an Antminer S5 offered to me. So I ask you if it is profitable or a good idea. So it is ?

[notlist3d]

We need to know more such as your electricity rate, and price you were offered.

Without those we really cannot say much.

[Tupsu]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

[Snipe85]

Think twice before you invest in cloud mining. It might look good, but in fact you are gambling. You are lending money to someone and taking their word that they will be paying you back for another year or so.

S5 is a good miner but I agree with notlist3d that it depends on the price of the unit and the electricity. And remember that the faster you start mining the better, so don't waste time if you want to buy it.

[Biodom]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

[philipma1957]

I can have an Antminer S5 offered to me. So I ask you if it is profitable or a good idea. So it is ?

If it is free and your power is 10 cents a kwatt get it.

if it is 300 usd shipped to your home and power is 10 cents a kwatt get it. Mine for a little bit and sell it.

If you have good power prices like 6 or 7 cents and it is 350 shipped to your home get it.

All of the above examples I believe you make some profit.

If your power is 15 cents a kwatt don't get it. unless it is free.

[BTC-Bank]

I recently bought one and i can say that i am very pleased with it, the power in my country is expensive but i am planning ro pay it from my income and keeping the Bitcoins.If you have a good deal my opinion is to take it.

Kind Regards,
BTC-Bank.

[Erkallys]

We need to know more such as your electricity rate, and price you were offered.

Without those we really cannot say much.

I know someone who want to stop his mining activities so I can have it free. I'll tell how much is my electricity rate until I get back home to look at the bill.

[Amph]

We need to know more such as your electricity rate, and price you were offered.

Without those we really cannot say much.

I know someone who want to stop his mining activities so I can have it free. I'll tell how much is my electricity rate until I get back home to look at the bill.

if you can have it free, you are in a good position already, with cheap electricity ROI is possible in this case, just hope bitcoin don't crash

[Erkallys]

We need to know more such as your electricity rate, and price you were offered.

Without those we really cannot say much.

I know someone who want to stop his mining activities so I can have it free. I'll tell how much is my electricity rate until I get back home to look at the bill.

if you can have it free, you are in a good position already, with cheap electricity ROI is possible in this case, just hope bitcoin don't crash

If Bitcoin crashes the price will always go back after some time.

[notlist3d]

We need to know more such as your electricity rate, and price you were offered.

Without those we really cannot say much.

I know someone who want to stop his mining activities so I can have it free. I'll tell how much is my electricity rate until I get back home to look at the bill.

if you can have it free, you are in a good position already, with cheap electricity ROI is possible in this case, just hope bitcoin don't crash

My advice is to pay electricity out of it at some points.   Then even if a crash you have electricity paid. 

If I dont make profit I will shut down.  I know I go through spreadsheets a few times a week to see my position if it's better or worse.  It is not needed this much, I just enjoy it.

[dogie]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

[notlist3d]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

I respect them more for not paying.  They did not choose the easy way, and it has caused some troubles.   But if they paid it would happened again and again.

I do hope they can fix some things sooner then others.  I personally miss running my miners on the antpool.  I will be back once they fix it.

[bitsolutions]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

Unfortunately Cloudflare is useless for protecting a mining pool as they don't support custom protocol's such as stratum.

[Erkallys]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not.  

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

Cloudflare is free ?

[dogie]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not. 

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

Cloudflare is free ?

Yes, the vast majority of features are free (including the local geo-caching and DDOS protection). There are premium services you can use to further increase website loading speeds including various forms of compression, but I've never used or needed them.

[Erkallys]

Better to buy 1155GH/s from Hashnest

www.hashnest.com
Antminer S5
Power: 0.51w/GHS
Maintenance Fee:$0.001175/GHS/Day

Then you see yourself, is S5 profitable or not. 

I couldn't understand that site plus apart from bitmain, I am not going to any coinflare-slowed website.

Cloudflare is a great service. Not only does it cache websites locally for everyone in the world (rather than 400ms ping to Chinese servers), it provides DDOS protection. Bitmain and several other Bitcoin services are under attack because they did not pay ransoms. On top of all that, Cloudflare does it for FREE.

Cloudflare is free ?

Yes, the vast majority of features are free (including the local geo-caching and DDOS protection). There are premium services you can use to further increase website loading speeds including various forms of compression, but I've never used or needed them.

That's nice !

[Minerjoe]

S5 s currently the best miner in the market. However, S6 should be out soon.

[Erkallys]

S5 s currently the best miner in the market. However, S6 should be out soon.

Interesting ! I'll have the S5 from a friend and maybe I'll buy the S6 after some time like this the price will go down.

[ajw7989]

It really comes down to what your electric rate is. If it'd cheap it might be a good idea but if it's above the average rate not worth it