Post
Topic
Board Mining
Re: How much do I need to start mining?
by
bettercrypto
on 15/04/2023, 23:53:40 UTC
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?

If at such an amount in this era you will not see Bitcoin mining like that. That's too low actually. Maybe if it's 2014 it's possible but not this time as the previous commenters said.

     Then mining is not just that you just thought it was okay, it's not like that of course. There are some things you should consider in that matter, first your electricity consumption should be low because your mining rigs are open 24/7. Secondly, your electricity consumption should also not increase to 0.04$ KWH as far as I know, because I also planned to mine, so the only problem I had was that my electricity consumption was high here, so the things I planned before mining would not work either. of bitcoins.