Umm, okay thanks for the answers, I should have put a bit for information in my post. By viable I was wondering if I could also make it pay for mining as well. Guess I'm just being greedy!
(Kitting out a Cutter for combat costs a damn fortune!)
Of course! It was my first dedicated mining vessel and probably the cheapest.
For just under 3 mil cr I had one that did the job.
Core internals:
3A PP
4B Thrusters
4D FSD
2D LS
3D PD
2D Sensors
Optional Internals:
5E Cargo Rack
5E Cargo Rack
5E Cargo Rack
4d Shield Gen (or another 5E Cargo Rack if you are brave.)
3d Collector controller
2B refinery (giving 5 bins)
1D Prospector controller
Hardpoints:
1D Mining laser
1D Mining laser
Utility:
3x 0C Shield Boosters.
3A PP is sufficient if you set FSD to power priority 2 so it turns off while you are mining.
If you choose to go without shields then swap the Shield boosters for a chaff and point defence maybe.
I used this for a while until I could afford a Python that basically did a much better job but is very expensive when compared.
I suggest mining anywhere along a pristine ring but NOT at the resource extraction site. Thats where the pirates be...
Dropping anywhere along a ring can spawn a pirate when you first enter, just fly away as fast as you can until they drop off your sensors and then get to the mining. You will be left in peace from then on until you leave and go back to super cruise.
If it's your first time mining then I suggest watching a quick youtube vid to find out the best method.