Bitcoin Forum

Other => Beginners & Help => Topic started by: shruubs on March 20, 2013, 04:41:26 AM



Title: Litecoins?
Post by: shruubs on March 20, 2013, 04:41:26 AM
So, anyone else getting started with litecoins?


Title: Re: Litecoins?
Post by: shruubs on March 20, 2013, 05:19:08 AM
The short of it is that it's a cryptocurrency just like bitcoin, with a slightly different mining system to allow for faster verification.  ASIC miners also apparently can't mine them either, so litecoin adopters are hoping to see more people mining them once ASICs dominate the bitcoin mining market.  You can check out more over at the alternative currencies page, or check out reddit.com/r/litecoin for more.  I was wondering if anyone else was mining them/interested in them.


Title: Re: Litecoins?
Post by: Metus on March 20, 2013, 09:15:26 AM
I am interested in Litecoin as well as Bitcoin and PPCoin. What would be interesting is a comparison in market capitalisation. And a service that lets you pay in the currency of your choosing.


Title: Re: Litecoins?
Post by: digitalmagus on March 20, 2013, 10:27:49 AM
The short of it is that it's a cryptocurrency just like bitcoin, with a slightly different mining system to allow for faster verification.  ASIC miners also apparently can't mine them either, so litecoin adopters are hoping to see more people mining them once ASICs dominate the bitcoin mining market.  You can check out more over at the alternative currencies page, or check out reddit.com/r/litecoin for more.  I was wondering if anyone else was mining them/interested in them.
Wow, a very useful newbie post. Thanks!