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.
As far as staying quiet I think S3's that are under clocked will be best. They are just built like tanks to. Very well made.
If you go with S5 you will have more noise compared to under clocked S3. But you also cannot put as much hashing power as it is not as efficient. So it has pros/cons to both situations.