Quote from: BitcoinPanther on April 16, 2023, 08:58:59 PM

Quote from: Mate2237 on April 15, 2023, 05:30:32 PM

Quote from: JamesBorn on April 11, 2023, 04:55:18 AM

I know huge capital is required to meet up huge financial expectations, what's the minimum volume of income one can use to start mining? In a situations where you trade with different strategies and still hits wrong targets, if you apply or use same trading knowledge for mining won't one still loss in mining too? Because I don't have enough money with me, so am trying to cut losses if mining too will not favor me I will decided to venture into mining too again.

Can I start mining with $300 and grow from there?

Mining is one of the profitable investment in the crypto world. But before one can mine, he/she must have the necessary equipment to start the mining. The capital amount to start is just a secondary plan. Once you have the devices to start then you can use the $300 to start the mining. To get ASIC device will cost you more than that amount you have said.

This simply means that $300 is not enough to start mining because @OP still needs money for the mining machine setup, and the capital amount to start isn't considered under the secondary plan, it should be the main focus because any plan you made without enough funding will never realize.

@OP, if your budget is just like that amount, it is not enough to buy a decent mining rig, so I guess you can just use it to buy Bitcoin at least your goal of having Bitcoin is still met even though it isn't from mining activity.

Maybe in 2014 that kind of price is still possible, because in those days the mini rigs were still cheap as far as I know. But now that amount will not really work. This op still lacks knowledge.

But I agree that it's better if he buys it with bitcoin and if he knows something about trading, it's better if he doesn't hold anything for long term or put it in staking like Binance. This is a slightly better option in the amount of 300$ as far as I can see,.