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How to Setup a Crypto Mining Rig on a BudgetFirst, choose and set up a crypto wallet. Then, download and configure any mining software for your desired cryptocurrency, and you're good to. How to build a mining rig: For beginners � Step 1: Attach the motherboard � Step 2: Attach the processor � Step 3: Install the RAM � Step 4. A beginner's mining setup requires a crypto mining rig or ASIC miner, power supply unit, cooling fans, and accessories that cost from a few.