What do you do with a litecoin?

[Sherkel]

Is it still possible to mine litecoins with a regular computer?

You can mine any existing coin with a regular computer.

[Klapaucius]

I'll get some LTC just in case it becomes more valuable in the future. 

[Meddol]

Well.. People don't want them (anymore).

[gnpeer]

I'm trading LTC on Vircure (btw. you pay less fees from this link)

[physicist]

I set up a Vicurex account yesterday and traded out a few BTC for Litecoins.  The main purpose was to exercise the Vicurex account and get a feel for it.  The trade went off without a hitch, so far so good with Vicurex.

[AntiCap]

Is it still possible to mine litecoins with a regular computer?

You can mine any existing coin with a regular computer.

Well, the chances of getting any bitcoins on a regular pc without a high end gfx-card is almost zero. What about litecoins. I've tried mining on my laptop. I get about 2,5khz/s. How long would it take me to mine a block approximately?

[gnpeer]

Is it still possible to mine litecoins with a regular computer?

You can mine any existing coin with a regular computer.

Well, the chances of getting any bitcoins on a regular pc without a high end gfx-card is almost zero. What about litecoins. I've tried mining on my laptop. I get about 2,5khz/s. How long would it take me to mine a block approximately?

Solo mining? From 1 second to infinity I guess.
There are many ltc pools micro mining friendly.

I cpu mine sometimes with my laptop ~8,5kh/s plus cpu minig with fw cores on my pc ~13kh/s. it mined quite a lot.

[bitcool]

Well.. People don't want them (anymore).

People are strongly encouraged to send their unwanted LTC to this recycle bin address:
  LcxFbYsEHrP7gFEuY9fdJkvWWYdsiUjKyx
 

[gnpeer]

Good one:)

I will eco-utilise all used coins
My scrapyard:
LTC LVQDTJqYPVZjYmHkqAUUzwDuihRaToDGGo
BTC 1MnNvLbtCpFeXA6RqFgwWTSrQAxEKwNBQz
DVC 1Lo3gwABnS1731vDLWHujKsTuxuQvfeSVE
I0C jWBQNCPHzYGtns9Bt8HddkHaA3H6iTbLjQ
IXC xmXJwSNt8tyMWsQU2ZNvbU56L6nCi2a9tS
LQC vugDSD6UTWyNK1hmZA3UKTn3WAUxNe8cup
NMC N6yka72kRYF7djQAT44Wwy4wRZoVgfJ6ac
SC sYDhFJtfUjxipTuyzdqHJnymhnrjcsTG1N

 

[Sherkel]

Well.. People don't want them (anymore).

Really? LTC currently run for roughly 0.004 BTC each. At 12 USD/BTC that's just under 5 cents each. Take into account that both chains are showing no signs of weakness and that LTC topped off at over 0.007 BTC each and you have a reason to want them. If nobody did then they wouldn't even be traded...a week or so ago volumes of BTC/LTC trade on Vircurex alone were topping 40 BTC a day (I didn't check BTC-e.) Even if it's little more than speculation fodder (which I think it is more than) it is being adopted.

[finkleshnorts]

How so? Isn't competition a good thing?

What competition? Litecoin is a parasite.

Either way all litecoin users are also bitcoin users.

[AntiCap]

Solo mining? From 1 second to infinity I guess.

I was thinking about average time. There was such a counter for bitcoin a while ago I seem to recall.

[Sherkel]

Solo mining? From 1 second to infinity I guess.

I was thinking about average time. There was such a counter for bitcoin a while ago I seem to recall.

4251.5232 hours at the current difficulty with 2.5 kH/s.
Source: http://allchains.info/calc.html

My laptop knocks off 13 kH a second, I have access to quite a few other computers, and I don't even bother pool mining LTC. I found out pretty easily it wasn't worth it to lag all my processes and waste electricity. Would I have mined under those circumstances back when Reaper didn't exist? Yes, and I did earn a fair amount. The difficulty is reaching new highs, though, and it seems to be GPU or bust.

If you have a dedicated rig with good GPU's, go for it, but otherwise, I think buying them is the best option.

[AntiCap]

Thanks for the info, and the link.
I think I'll switch to folding@home or something instead. That way it's not just wasted power. =)

[Derringer]

I don't know that it's wasted power exactly.  The way I see it, there's something like a domino effect going on: FPGAs are uprooting GPUs for the sha256d proof of work, while GPUs have just made their debut on the scrypt proof of work.  As for whether CPU-mining LTC is worth the trouble: look at the marginal power cost if the machine was going to be on anyway, or at the total power cost if not.  Should they ever hit the market, ASICs might well clobber current FPGA board owners, though since the scrypt proof of work requires much more memory, those board owners might be SOL (barring the Butterfly Labs metamorphosis trade-up offer).

An Atom D525 has a marginal power cost of only about 3W over idle for 5.5 kH/s, which (while small) is a net win.  Extrapolating current values, that's an expected payback of 18.62 LTC a month, which should cover even fairly outrageous energy pricing if the machine is otherwise left on anyway.  On the other hand, that same desktop with SSD and nVidia ION graphics has an active-idle draw of about 20W at the wall; this makes it a net loss even at 0.075 USD/kWh if the machine is not required to be left on.  (You can squeeze ~1 MH/s out of the ION mining BTC, but that's not enough to change the equation.)

Then there's always the gaming potential of a good GPU.  Let it mine for you when you're not keeping it busy blowing the living daylights out of something. 

[Greedi]

Well.. People don't want them (anymore).

if people don't want them, why are the diff doing up every time there is a diff change?

[btharper]

Well.. People don't want them (anymore).

if people don't want them, why are the diff doing up every time there is a diff change?

People definitely do still want them, however people don't want them as much anymore I suppose.

[Greedi]

Well.. People don't want them (anymore).

if people don't want them, why are the diff doing up every time there is a diff change?

People definitely do still want them, however people don't want them as much anymore I suppose.

sure they still will, they just don't wont to buy them

[sharp666]

are there any clients that can do btc, ltc, and nmc?  i tried one that did btc/nmc, but it required that the official clients were installed.

[gnpeer]

are there any clients that can do btc, ltc, and nmc?  i tried one that did btc/nmc, but it required that the official clients were installed.

You can always use e-wallets like Vircurex (link in my signature)
It supports Bitcoin, Namecoin, Devcoin, Litecoin, Liquidcoin, Solidcoin, I0coin, Ixcoin