What are the initial costs of Bitcoin mining?

The initial costs of Bitcoin mining include several key expenses.

First, purchasing mining hardware such as ASIC (Application-Specific Integrated Circuit) miners, which can be quite costly depending on the model and its efficiency. Second, setting up a reliable power supply to support the energy-intensive mining process, as electricity is a major ongoing cost.

Additionally, you need cooling systems to manage the heat generated by the mining equipment. Other initial expenses include network infrastructure for stable internet