Noob Question - Am I Mining? lol

[i3lome]

Yup your mining, I Cpu mine at ~23kh, 444kh is a whole lot better than what im doin.

Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.

I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.

[Aragami]

Yup your mining, I Cpu mine at ~23kh, 444kh is a whole lot better than what im doin.

Keep going, it wont hurt anything, you wont be rich from it but its fun to use an Exchange to multiply or coin or trade for other cryptocoin.

I started about a months ago, I mined 0.20 Ltc and used Btc-E to trade it back and forth. As of yesterday I have turned it into 4.3 Ltc all while my Cpu miner is about to complete it first whole coin.

Lol, that's actually rather amazing, you do realise you've technically made an absolute killing in terms of % profit. If you were cooking with actual numbers then you could have made a lot more. I've been tempted to try something similar as well in terms of slowly trading up, but i feel like it would involve too much time invested in constantly monitoring exchanges.

[i3lome]

Those are my real numbers, you are right I spend alot of hours at first watching price swings and how Btc effects the Price of Ltc. I would call myself a penny collector. My normal routine is checkin the price of Ltc when I plan to start trading I pay attention to the price swing for about an hour. Looking at the price fluctuations and placing sell and buy orders at the top and bottom of the price swing over that hour. Then just wait for orders to complete and repeat. Collecting 0.2 Ltc or 2-3 cents at a time.

Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.

I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour. 
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.

[boyohi]

Yes..really slowly

[Aragami]

Those are my real numbers, you are right I spend alot of hours at first watching price swings and how Btc effects the Price of Ltc. I would call myself a penny collector. My normal routine is checkin the price of Ltc when I plan to start trading I pay attention to the price swing for about an hour. Looking at the price fluctuations and placing sell and buy orders at the top and bottom of the price swing over that hour. Then just wait for orders to complete and repeat. Collecting 0.2 Ltc or 2-3 cents at a time.

Since prices vary so much overnight, i sell half the Ltc I have just to keep some USD available incase the price drops so I can buy more Ltc.

I never worry about the price of Litecoins at a given time. I only focus on the Price difference over a 1 hour. 
I play safe, I could wait for higher price increases but I am a instant(almost) gratification guy.

Very cool, i might take some of those tips into consideration when i play the markets a bit too =) thank you for the detail, it's much appreciated.

[i3lome]

Not a problem, Good luck.