I have been curious about mining bitcoin and how it actually work. if i would to try to start mining, what are the required equipments that i need to have and how much are they worth? i live in the philippines and the price of electricity average. not that expensive and also not that cheap. but if you live in the US and have average salary, you could live really comfotably in the philippines.
To not waste a lot of your time, I will tell you that if your electricity is more expensive than 10 cents, then forget about bitcoin mining.
Even at 5 cents, there is now a very high payback period of up to 24 months and mining companies are constantly increasing mining capacity. Shitcoins such as Кaspa or Alephium carry other risks. The price will drop and you will be left with a useless box with or without a fan.
I am grateful for your advice. Bitcoin mining in recent times is very expensive and in most cases causes damage to the environment. In electricity generation using fossil fuels and expensive. My question is how easy was mining using a laptop or computer in the early days of Bitcoin ?