I started with mining quite late, but I decided to start big and not having the ranks or credits for one of the big three, I settled for Type-10:
- 256 cargo
- 2 x small + 1 x medium mining laser
- 4 larget turreted lasers
- 2 medium MC
- fighter bay
- 1A prospector
- rest is collector limpets.
Wit 3 PIPS in engines, I can run the mining lasers forever and the limpets barely keep up.
I go to RES site, clean the area of the initial pirates then start mining. I get attacked, but the turrets, SLF, and authority ships make short work of the pirates and I never need to fight (even in HIGH RES).
I like this because I double dip in mining credits and bounty credits when I go back to the station.
My only gripe with mining is the collector limpets. I fill up my cargo with 80% limpets and I always run out of limpets before I fill the cargo.
I think the issue is that the limpets expire randomly. I don't target fragments (always target the prospector limpet), but sometimes, I launch 8 limpets and they all expire within seconds without collecting anything.