There really is no point mining Mercoxit in anything else than a Skiff, but this guide wouldn't be truly complete if you did not have Cabal Alz all the information. There are two modules that allow you to mine Mercoxit:
While MDCM2 can be used with any mining crystals, and be fitted on any ship, they are not as powerful as MDCSM2, which is a special kind of strip miner used for Mercoxit mining.
The regular Modulated Strip Miner II cannot use Mercoxit crystals. While the MDCSM2 can use any crystals, since its base yield is 110 lower than the MSM2 (250 vs 360), there would be no point.
The Michi implant is a COSMOS mission item, which explains why it is a little hard to find and is more expensive. The High wall implant is easier to come by and is a little more affordable. Whether it's worth it for you to buy these or not, that's yours to decide.
To know how much this translates per hour, you need to figure out how many cycles you will complete per hour.
Section 12 has a good comparative chart of the ISK/hour ratios you can get depending of what you mine and what you're flying. You'll see that Mercoxit, although it isn't the flavor of the month anymore, doesn't do so badly at all!
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