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Build Your First Mining Rig for $500 - Beginners Guide to Crypto Mining RigsBitcoin miners have to set up their own hardware, no matter how basic, and work in a mining pool. On the contrary, you can choose cloud mining. Mining Hardware. Application-Specific Integrated Circuit (ASIC) miners are specialized hardware designed explicitly for Bitcoin mining. They. Before you start mining, you'll need the following equipment: Mining Hardware: ASICs are the most efficient hardware for Bitcoin mining.