New

[Wescoins]

Just heard about Alt coins. Any advice for a noob?

[Birdy]

Yes, keep out of them for a while (until you really know what you are doing).
They are way more risky and speculative than Bitcoin (and even Bitcoin is quite risky)

[OnkelPaul]

However, if you want to get your feet wet with mining, alt coins may be the right choice - especially when they're new, you might mine a bit before too much hashing power is being thrown at them, and be able to exchange some for a "harder" currency such as bitcoin :-)
But buying alt coins for BTC or fiat is most likely too risky unless you have a very specific use for them.

Onkel Paul

[saynotoasicltc]

As we know last day we can read about asic ltc /scrypth pre-order ...

There are lot of us GPU miner (more then asic -btc ),when there are many people involved in this it is more like that ,more people we hear for litecon,probably one of the best scrypth coin that this days is becoming really worth as SILVER.

How we can fight against ltc asic ?


First of ways is not to BUY pre order for THEM (if you read for one comany that is in this days planing pre order -the will not accept LTC for pre order - why? because they just want PROFIT fot them ,they are not interested in people that was put litecoin on the road).

GOLDEN RULE NOT SILVER -REMBER :If nobody buy preorder or even in next few months asic ltc that would be salvation for GPU miners? I think NO (that company will probably mine coins...and have MONOPOL or even FORK the netwoork ).

So secod way to DEFEND -my idea is to contact all pools like (Litecoinorg,Coinotron,Wemineltc,Givemeltc,LiteGUardian,and else polls -sorry i didnt mention all of you ),why contact them ?
The GOAL is to edit all mining scrypth software (cgminer,reaper/guiminer...) to implented a detection of hardwer that is using for mining like AMD,even nvidia(only GPU's) that communicated with POOLs,so if you dosent using GPU can't connect to POOL and mine coins...

This is my idea...If you can supported me on some ways -even donations in ltc in small amounts (example 0.01 )
adress is :

LaCh8KLwYDBL4XnQfAEv1kdcGBDrDYsLj7

 amount is not imortant )the goal is to get up team of people that will work(editing sofware for mining with detection and support against asic for ltc) on PROJECT called : Say No to ASIC LTC/scrypth with this two steps ,
if you have some idea to help contact me through this email :saynotoasicltc@gmail.com skype: saynotoasicltc
thanks for reading this I hope that are many people to HELP with this project

[PenAndPaper]

Litecoin if the biggest of the altcoins with a value that tends to follow the value of bitcoin.
You may trade it in BTC-E which is one of the biggest bitcoin exchanges and it is profitable to mine it with a decent gpu.

Apart from litecoin there are dozens of other alt coins with differences like in the hashing algorithm, confirmation times , pow/pos and even an altcoin that finds prime numbers (XPM) 

That being said, bitcoin is the real deal