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Cryptocurrency Mining For Dummies - FULL ExplanationCryptocurrency can be a profitable activity, but it can be costly to get set up. Learn how to start mining cryptocurrency and the costs involved. You'd need 9 years' worth of the typical U.S. household's electricity to mine just one bitcoin as of August Source: Cambridge Bitcoin. Determining whether crypto mining is worthwhile depends on several factors. Whether a prospective miner chooses a CPU, GPU, ASIC miner, or cloud mining, the.