Hey, total newbie here looking to break into collecting coins lol
What is the most effective way to start?
How much would it cost to build a setup to mine verses just investing?
if your a newbie in the world of cryptocurrency then go on investing because investing is less hassel and dont requires technical knowledge or anything complicated and its way much easier to do compared to mining also mining are costly and expensive so i suggest better go on investing if you want to collect coins as long as you got a good capital to start with then your good to go.
He may be fine to invest more amount. If this newbie have a knowledgeable person in mining with him means he can really blood to invest on mining.
I think you are asking him concentrate on altcoin buying but you will not able to expect the profit in all the times with the altcoin but altcoin mining is seems profitable for Monero and Zcash now.