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Author Topic: Mining newbbbbb  (Read 1105 times)
Timbits (OP)
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January 31, 2015, 04:23:03 AM
 #1

Want to mine litecoins where do I start and help would be appreciated
ncsupanda
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January 31, 2015, 04:23:45 AM
 #2

Step 1:

https://litecoin.info/Mining_tutorials
jawitech
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January 31, 2015, 04:24:23 AM
 #3

Want to mine litecoins where do I start and help would be appreciated

Preferably with a device and a pool to mine at  Wink
Maybe you want to tell if you already have a device to mine with?
Quartx
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January 31, 2015, 04:35:59 AM
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Want to mine litecoins where do I start and help would be appreciated

Unless you have a mining farm and lots of capital with cheap electricity, at the high difficulties and current price I would not recommend mining if you want a profit, if you are doing it just for fun or learning however, http://www.coindesk.com/information/how-to-mine-litecoin/

Timbits (OP)
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January 31, 2015, 04:39:53 AM
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So would it best just to buy them and hold for couple years?
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January 31, 2015, 04:40:57 AM
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So would it best just to buy them and hold for couple years?

This is the suggest method - if you've got cheap/free electricity and can make a good deal on hardware, then sometimes it can be profitable to buy miners if you know what you're doing.

Just play it safe - the easy route is to buy and HODL.
Quartx
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January 31, 2015, 04:44:03 AM
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So would it best just to buy them and hold for couple years?

Well, I am not really a good guy to recommend holding for a couple years as I know little about investment, but with scrypt profitability going all the way rock bottom, it wouldnt be bad to hold some. Personally I have more holdings in btc and other non scrypt altcoins than litecoin. No one knows what any crypto will be like a year or even a week in the future, so all I can say is do some research and see what will work out best for you , cheers!

jawitech
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January 31, 2015, 04:52:08 AM
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So would it best just to buy them and hold for couple years?

Well, I am not really a good guy to recommend holding for a couple years as I know little about investment

Investment = buy low, sell high  Tongue
It's some kind of gambling. Watch the LTC chart for the last 12 months, nobody knows what will happen. Like he said:

No one knows what any crypto will be like a year or even a week in the future, so all I can say is do some research and see what will work out best for you , cheers!

Important: Only invest an amount that you can afford to lose.
Equate
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February 01, 2015, 08:21:50 PM
 #9

LTC are a lot cheaper atm and its best time to buy them instead of all the mining hassle, and waiting for months to make ROI.
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