I want to get into mining but I don't know where to start. I believe I have all the right things to mine successfully. I have $5,000 to invest in mining equipments and almost free electricity. My rent for my apartment includes utilities so my electricity rate is constant every month. However, I don't know anything about mining so where should I start?
I'm in a similar situation and this is my thinking thus far:
Option #1: Buy used S3 or S5 miners since they seem to be the best deal for GH/$ - Using older miners are less efficient but if you are not paying for electricity this wouldnt affect you.
Option #2: Buy S5 miners for the best GH/kW - This option allows you to stay under the radar at your apartment complex just in case they are not happy with excessive electricity usage.