Quote from: IMineByThePHs on November 26, 2016, 05:48:50 PM

Hello,

My friend and I are thinking of mining Bitcoins. I am looking for advice, tips, or anything else that I can use. I have been looking on my local sales site and I found a AntMiner S5 (with PSU and cables) for $150 CAD (Prices are in Canadian Dollars, because.. well.. I live in Canada.) Our energy costs are $0.0571/kWh ($0.04 USD) - Which is quite cheap. Anyway. Can the S5 even make us any kind of profit? I also found a AntMiner S7 for $350 CAD - It doesn't say if there is a PSU and/or cables included. I have sent an email - ill keep you updated.

For now, is it even worth trying to mine?

s5 is not worth it,at 6 cents kwh you will be making dust profits until the difficulty eats it and makes it unprofitable totally
so if you are making 0.15 USD per week with it at the moment ROI will be over two years i.e. totally unachievable
s7 is a whole different game but I doubt you would be able to find one fully operational that cheap (350 CAD=265 USD)
new one will cost you around 380-400$