To start hacking electronics, identifying the chip number on your device is crucial for understanding pin functions, which can often be found online. If the chip is obscured by black epoxy, it may be a chip-on-board (COB) design, making it difficult to access. The discussion highlights the challenges of modern electronics, where components are often integrated into custom chips. For beginners, exploring electronics forums, reading relevant books, and engaging with projects on platforms like Hackaday can provide valuable insights. The goal mentioned includes interfacing an LCD with an Arduino, suggesting the use of an LCD with a built-in serial port for easier integration.