Jailbreak iPhone 5 with 10.1.1
Edit: You can now use h3lix by tihmstar to jailbreak 10.x on all 32 bit devices(computer required).




At this time you cannot jailbreak the iPhone 5 on iOS 10.1.1.

If you watched the video by EverythingApplePro, he said that the jailbreak currently doesn't work on iPhone 5(because it is a 32-bit only jailbreak). Right now, even if the jailbreak did work on iPhone 5, you won't be able to install anything YET.

Be on the watchout for a jailbreak for iPhone 5, but there are low chances of the iPhone 5 getting a jailbreak(on 10.1.1). I recommend the Youtube channels iCrackUriDevice and EverythingApplePro. It is recommended you stay on 10.1.1, because that has the most possibilities for a jailbreak.