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Thread: What is litecoin?

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    Default What is litecoin?

    Hello, I was looking through threads and I noticed again this thing call bitcoin and lite coin, Ive heard of it before and just kind of ignored it, I heard it is the currency of the internet and you can buy things with it, What I want to know is what the hell it is really and how you can get it

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    Default Re: What is litecoin?

    Ok this is what I have researched, Litecoin and bitcoin can be minted on your pc, or "mined" with your proccessor componets, bitcoin uses proccessor mostly and litecoin uses GPU mostly. You can create a beowulf cluster with about 6 motherboards all with 3 Radeon 6970s on each. 1 raedon can mine a equivelent to 2.06 USD per day on average. 3 6970s x 2.06 usd = about 6.20 x 6 = 37.20 per day,you could sell all your coins at the right after you got them or you can wait for fluctuations in the market and you could sell your litecoins up to 5 times the normal price, or 10 dollars witch is 120 dollars a day. You could pay off the chunk you spent on the beowulf miner in a couple months and double your bitminer size, but you need atleast 10,000 dollars minimum and you have to take the risk to buy it. You can also do stocks with the coins and make money that way. Dont expect to get rich though, you need money to make money

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    Default Re: What is litecoin?

    We already have threads regarding this topic on our forums. You should be reading those before starting new topics. We have a wealth of info if you take the time to search it out and read it.

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