Second most popular currency in the US, it's beating Bitcoin! 

I'm not trying to argue with you, just hinting you can get Bitfury chips on boards with USB that allow for overclocking, and that's where he got that from.

Yeah similar to BFL and it took them a year to get the bugs worked out of their own custom ASIC!
Ask those who pre-ordered Jalapeños how that worked out for them.  


That also reminds me of the bASIC pre-orders, whatever happened to BTCFPGA.com?

Both these two made their own FPGAs and failed at ASICs.


Despite what they say about not being able to accept PayPal/Credit Cards for Bitcoin orders both KnCminer.com and technobit.eu manage to do it, probably because they can deliver within the 45 days refund window and not funding product development with customer money.

If you're new around here just be aware putting money into pre-orders can be damaging to your wealth!  

Hypnotherapy 

Sorry, assumed nobody used nvidia  

You need the nVidia equivalent of OpenCL https://developer.nvidia.com/opencl

but your GPU may be so old it doesn't have CUDA, 8000 range was the oldest I think that had it.

https://en.bitcoin.it/wiki/Mining_hardware_comparison

15 MH/s is like 0.0003 BTC a month, which probably doesn't cover your electricity costs!

I recommend this 40GH/s which will mine you about 1BTC per month currently
http://technobit.eu/index.php?id_product=52&controller=product&id_lang=1

they also sell a cheaper 24GH/s one which will mine you about 0.6BTC a month
http://technobit.eu/index.php?id_product=47&controller=product&id_lang=1

or if you're really poor 2.3GH/s which is about 0.06 BTC per month
http://technobit.eu/index.php?id_product=51&controller=product&id_lang=1

Try bitminter it has an easy to use Java app for mining or GUIminer, both are much easier to use.

but most likely your problem is not having installed AMD OpenCL

http://developer.amd.com/tools-and-sdks/heterogeneous-computing/amd-accelerated-parallel-processing-app-sdk/

The problem with leaving money on an exchange is that your 3rd party is unregulated and if the they go bust, get hacked, or simply run off with the money, you're the one left out of pocket! Always keep that in the back of you mind if leaving $thousands there!

I'll believe it when I see it.

The Scrypt algorithm used in Litecoin was designed to use large amounts of expensive memory to keep them uneconomical to produce.
Did the price of memory suddenly go down or the price of Litecoin go up?

Litecoin is the most distributed network and least likely to be taken over.

I call it the Communist version of Bitcoin, because they made sure those capitalist pigs couldn't make ASICs to concentrate the supply of coin production into the hands of the few!

Litecoin keeps the printing press in the hands of the many and mining on a level playing field.

Bitcoin Wallet.

http://bitcoin.org/en/choose-your-wallet

You have to trust Google not to hack your phone I suppose!

Yes to buy more Bitcoins for Fiat you would use an exchange but you could transfer them to your own wallet after purchase.

You could also sell items and say "accepting Bitcoin" and get them to pay directly into your own wallet.

You could buy a Bitcoin mining machine, and get it to pay directly into your own wallet.

Good luck with that, nobody will want to part with it!

This is currently the best proven real machine you can buy 550GH/s.

https://www.kncminer.com/products/jupiter-november-shipping--sold-out

You should register your interest with them if you want one from the next production run.

An exchange is just for converting one kind of money into another.

Bitcoins can live in their own wallet that only you have control of.

You can spend bitcoins directly into the economy with anyone who accepts bitcoins as payment. www.takeaway.com

Like owning a gold coin it will be up to you to keep it safe.

Sell something and say "accepting Bitcoin" that's the easiest way to get them! 

The hash rate is a reflection of how many people/computing power are mining for it.

The miners are competing to win the coin reward and to keep the amount of new coins entering supply stable the difficulty of mining is raised or lowered.

Bitcoin Wallet is probably the best for a tech noob, see..

http://bitcoin.org/en/choose-your-wallet

If you make a wallet through a 3rd party you have to trust them like having your cash in a bank, except there is no regulator to bail you out if they go bust or get robbed!

Bitcoin is already valued well above what eBay paid for PayPal $1.5bn...

so lets speculate what it's value is worth if it could pull off as many transactions as the VISA payment system...

you would need a price of around $6000 per BTC!

Buy, hold, and promote Bitcoin in every store you use by asking "do you take Bitcoin?"