$解:(2)方程\frac 1{x}-\sqrt {\frac 1{x}+1}-5=0,即为(\frac 1{x}+1)-\sqrt {\frac 1{x}+1}-6=0$
$设\sqrt {\frac 1{x}+1}=n,则原方程可化为n^2-n-6=0$
$解得n_{1}=3,n_{2}=-2$
$当n=3时,\sqrt {\frac 1{x}+1}=3,即x=\frac 18$
$当n=-2时,\sqrt {\frac 1{x}+1}=-2,无解$
$综上所述,原方程的解为x=\frac 18$