Here's the question(s): Is there a website where I can buy used mining equipment at a low cost?
Ebay or the forum marketplace is the best place to find best deals for asic miner. @Philipma1957 is oldest member here that I know which mining Bitcoin for a long time. You can get tips or perhaps ask him if he have a spare asic mining rig to sell for you as stater.
And, if I intend to purchase all of the essential equipment using this technique, what is the estimated cost?
The estimated cost will varies based on your target mining power for your setup.
It would also be helpful if you could provide me with a list of the items I will require for mining. Thank you.
You can use this guide for setting up your Asic miner
https://cryptominertips.com/bitcoin-asic-mining-guide/This is the most essential list the you will need for your Bitcoin mining.
- Asic Miner
- Power Supply
- Internet Connection