LTC and BTC Questions

[Bismarck]

Hello Everyone, 

First I am posting this, in part so I can PM a member about purchasing some hardware, and from what I understand I have to make a couple posts to be able to do this.  So I am attempting to post this, and have it be of relevance, and not some pointless "HERP DERP I AR NEW HERE" post. 

Anyways, I am in the process of building a LTC miner, as the difficulty of LTC mining is much earlier down the pipe in the nerd cold war that BTC mining has turned into.  That being said, given that most of you guys are more into BTC as opposed to LTC -- are you guys mining or just buying and hold.  What and why? 

Also, sodomize Ben Bernanke. (not sure what the forum policy is on profanity)

Thats it. 

Read Zerohedge daily. 

--BM

[LighningChun]

i have no idea what  you are talking about

[Viperbass]

At the moment it just makes sense to buy and hold bitcoins, you can read my post over here about GH/s values which is going to destroy the value of every proposed hw miner out there. Holding bitcoins is a much better way to go if you believe the price will continue to rise.

https://bitcointalk.org/index.php?topic=327604.0

[Bismarck]

i have no idea what  you are talking about

I registered on the forum, as I am coming from the LTC forum, and trying to get my hands on a pair of 7950s.  However, to my surprise I could not post nor could I PM, until I did a google search explaining I had to chat a while on here before I was allowed to.  Ergo, I am posting here, so the ability to PM or reply in other forum unlocks, unless someone wants to do me a solid and link the OP from here;

https://bitcointalk.org/index.php?topic=321250.0

To this thread. 

I discuss about BTC mining, as I thought about getting into it about 6 months ago, but after some research I came to the conclusion that BTC mining with a single miner or something relatively consumer grade -- would never break even, or if it did -- just barely before the electricity priced it into the dust bin.  So I held off, and had no idea LTC existed until today.  A bit of research, googling, and I think I can still mine the crap out of LTC. 

Anyways, again, thanks for the responses guys.  Its good to know more senior members like to hang out in the newbie area.   

[Bismarck]

Sorry, this 4 hour window is quite frustrating.  I left the browser open all night -- and nada. 

Bummer. 

[xinzark]

People are mining alt coin now and due to tech problem on Litecoin more people are going for other coin the diff for bitcoin is too high now does't worth it at all .

[Bismarck]

I am unaware of any technical problems with Litecoin, and the biggest news from them is that Mount Gox has delayed (indefinitely) their support of LiteCoin.  LiteCoin and BTC are more similar than different.  Although a diversified portfolio is always a good idea.