How much does it cost to buy a mining device?

[Hate2Wait]

I would like to start mining crypto and for that I would like to know the mining device requirement and how much does it cost.

 

[Bisolami]

I would like to start mining crypto and for that I would like to know the mining device requirement and how much does it cost.

I have never bought a mining device but I think it is very expensive because I heard that from someone

 

[Sanjeev]

I don't know the cost. From where did you get the idea of mining crypto? Is it profitable?

 

[Hate2Wait]

I have never bought a mining device but I think it is very expensive because I heard that from someone

I just like to know so in case I get interested then I may go for it as we can earn some money daily passively from it

 

[Bisolami]

I just like to know so in case I get interested then I may go for it as we can earn some money daily passively from it

I think you can check the price online. I have no idea about the price

 

[Hate2Wait]

I will check but I don't think these are available like that so I was trying to learn from others

 

[Ovy]

Actually, the cost to buy a mining app varies. Basic ones can be relatively inexpensive, while more advanced or specialized mining apps may cost more. Prices range from a few dollars to several hundred or even more, depending on features and capabilities.

 

[Nite]

The cost of a crypto currency mining app can vary significantly based on various factors. As Ovy said, basic mining apps which offer limited features and capabilities, are generally more affordable. These apps are suitable for beginners or casual miners who are not looking for extensive functionality. The more advanced or specialized mining apps with enhanced features and capabilities tend to be priced higher.

 

[deucher]

If we talk about a video card for mining, then you can start with an amount of even 500 dollars, but it will not be a big profit. In my opinion, it is best to buy an ASIC for Bitcoin mining, but it is very expensive, in order to earn, you need to spend at least 1,500 dollars, and you will have to wait more than a year to recoup the cost.

 

[Stardom22]

I think the mining devices are very expensive so to speak. For one to be able to earn something from mining of the crypto currency, they should get prepared with loads of money for sure.

 

[kirubel]

To be honest i don't have much idea on the exact amount of money needed to set up a mining rig and the price of mining device, but i know that it needs a lots of device to mine good amount of coins.

 

[Nite]

I think the mining devices are very expensive so to speak. For one to be able to earn something from mining of the crypto currency, they should get prepared with loads of money for sure.

The cost of cryptocurrency mining devices can be quite high, making it a significant investment. It's not just the initial purchase cost, but also the ongoing expenses like electricity and maintenance that add up. And yes, to truly earn something substantial from mining, one needs to be financially prepared and willing to make a significant financial commitment.

 

[Suba]

Your question is not specific enough so I don't know what crypto mining device you will need, whether you will mine Bitcoin with a SHA256 ASIC or you will mine Litecoin with a Scrypt ASIC, etc. If you want to mine Bitcoin, you can use the Recommended Asic Miner Antminer S19 Pro, there are also several types with prices starting around $2,500

 

[nomad]

I am not involved with mining with my own rig but last time I did research, I found that you will have to spend around $1000 to set up a small mining rig.

 

[riberet19]

It depends on the miner you want to buy, there are some that will cost around $100-$200 but their performance will be very poor and you may not earn more than 20 cents a day, while there are others that cost many thousands of dollars and are much more efficient and will take much less time to amortize your investment.

 

[olaniyi]

Mining Machine in my country depends on the rate of Dollar the price rise and fall depends on the ratio of converting dollar to my country currency

 

[Kera]

Mining device would cost nothing less than $5000 for the basic mining laptop. It can cost as much as $10,000 for advanced ones.

 

[Stardom22]

Frankly speaking l have never been so keen on determining the prices for any mining Machine.

 

[Shavkat]

I have not seen a mining devices yet. All I know is that you can use them with the browsers that we are using.

 

[Rubz]

I have never bought a mining device and so i don't know how much it would cost. I do know that one can mine crypto using laptops or even mobile phones.