Quote from: wahyuagung26 on June 08, 2023, 12:42:58 PM

Quote from: cryptodude on May 27, 2023, 05:13:49 PM

The amount needed to start mining depends on several factors, including the cryptocurrency you want to mine and the mining equipment you plan to use.

The initial capital or the actual base fee also depends on some tools or speed power that every miner wants, when someone focuses on Ethereum most of them often use Rig Mining and use some powerful processors to do mining like this, but if you take Bitcoin option for patching most of people use ASIC, because it is more effective.

ASIC itself is a tool that requires expensive costs and great power, because it involves commensurate electrical power. With regard to electricity, of course, it requires costs, and from this point of view it is also included in the calculation of a miner's capital. Local electricity costs must be considered when wanting to carry out mining, because this is also a factor that involves mining costs.

The situation in mining is changing, and if you do not have the ability to increase electricity consumption, then rigs from video cards can also mine bitcoins, but for this you need to change other coins for bitcoin. Although some pools allow you to convert rewards into bitcoins and other coins.