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Author Topic: Where to get started with Litecoins?  (Read 1689 times)
GambitBTC (OP)
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March 24, 2013, 01:55:36 AM
 #1

Are there any sites like dailybitcoins only for litecoins?

A little something to get my feet wet as i just now downloaded a wallet client.

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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Endgame
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March 24, 2013, 12:59:19 PM
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litecoin faucet --> http://coinofmidas.com/litecoin/
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March 24, 2013, 01:53:27 PM
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Faucet dried.
GambitBTC (OP)
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March 24, 2013, 10:07:51 PM
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Ya it seems like every faucet i find is dried up, is mining currently profitable?
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March 24, 2013, 10:25:19 PM
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Ya it seems like every faucet i find is dried up, is mining currently profitable?

As with all things - the answer is:  It depends.

It's currently technically more profitable than Bitcoin in that the reward for work ratio is higher so a lot of smaller GPU miners just mine LTC to trade for BTC.

It really depends on your setup.  Do you have AMD GPUs already?  Have you set them up with cgminer already?

I know everyone says avoid paypal but a lot of times you can find people who will sell you token amounts via paypal so long as you send it as "friends and family (formerly gift)".
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March 24, 2013, 10:36:56 PM
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ltc mining is very profitable. need some details about you, your IT experience, resources available, etc to give a better answer.
GambitBTC (OP)
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March 29, 2013, 04:42:47 PM
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Whoever donated me 1.1 Litecoins thank you

Didn't even ask, you guys are classy  Grin

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March 29, 2013, 07:00:09 PM
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Welcome to LTC  Wink

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March 29, 2013, 07:02:34 PM
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Welcome to LTC  Wink

Why thank you sir, glad to be here
GambitBTC (OP)
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March 29, 2013, 07:10:39 PM
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well isn't that just sweet so far 3.1 litecoins donated without even asking

i think i love me the litecoin community  Grin
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March 30, 2013, 11:05:57 PM
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well isn't that just sweet so far 3.1 litecoins donated without even asking

i think i love me the litecoin community  Grin

It is a good community from what I have experienced so far. Glad to have you with us.

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March 30, 2013, 11:22:41 PM
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Is there something similar to MtGox for LTC there?

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March 30, 2013, 11:48:28 PM
 #13

Is there something similar to MtGox for LTC there?

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I exchange LTC for BTC at BTC-E

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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