A better approach might be to use a service that hosts a mining rig for you. You pay for the machine and the electricity but everything else is taken care of. You can see your ROI via a dashboard and even work out a breakeven point. Here is an example from Compass Mining.
Summarising the process for using a Bitcoin Mining Hosting Service (referencing the tweet above).
- Purchase a mining rig; note these are in short supply cost ~$9,000
- Choose where you Miner is hosted & pay for the electricity – $250 per month in this example
- Connect to a Pool to monitor revenue from block rewards & transaction fees; set a wallet o receive them
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