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the basics required are essentially free https://www.twitch.tv/broadcast
even encoding and publishing for uploading to a platform like youtube can be done through windows movie maker, which is included with a purchase of windows
the high end hardware to minimize processing time, and extras to really make the stream standout are probably expensive though; you're right about that
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connecting your console through USB ports. a budget option is to record to a camcorder, then USB that to the PC
for quality of life to console gamers, that's where the expensive hardware comes in, and actually costs money ;/ PC gamers got it significantly easier in terms of budget, i'm sorry :(
hope you get the job !