Jack and Jill have a bathtub full of 20 Dollar bills that some old Baby Boomers left them when they kicked the bucket. The contents of that bathtub total 5,000 USD. Jack has a good Job with plenty of flexibility while Jill works from home. They have no children with no plans to have any.
Jack comes home after reading all the news about BTC's soaring prices. He says to Jill he would like to get involved and see what BTC is all about first hand. Jill turns around and says i heard about it as well... I want to trade the volatility during the day. Jack says he would like to run a Mine. This would allow him to generate passive income.
How would we best accommodate Jack and Jill in the above scenario?
Jack and Jill should realize that mining BTC requires a lot of money to start with. It's not worth it to start with 10k USD as having loud, hot, expensive miners in the house would just become a nuisance. If you want to start mining read about CPU and GPU mining and then turn mined altcoins into Bitcoins if that's your ultimate goal.
If Jill knows how her way around trading she can earn a lot of money and the more you can afford to spend in the beginning the better are her chances. The more you invest the more you'll gain (or lose) with every trade.