Setting up a mining client
After doing the proper analysis of costs and return on investment, one may decide if it's the right time to proceed with setting up a mining operation.
Requirements
In general, you'll need to have the proper conditions to set up a basic mining operation. To start with, we'll briefly cover the essentials: capital, hardware, facilities, and availability.
Capital
Most return on investment calculations for Bitcoin mining show profitability over a period of time, exceeding one year. The assumption made for the projection includes a stable exchange rate and difficulty level. However, these two factors often vary, which can seriously affect the actual profits.
Essential to starting a mining operation is sufficient capital to carry ...
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