effective and was part of the initial appeal of Litecoin. Unlike many other wallets Litecoin still has. Even with powerful hardware, it could take a solo miner months, or even years! BTC-e which allows for easy trade between Litecoin and US Dollars as well as Litecoin and Bitcoin. Once this is complete youll be ready. Every few days, the difficulty of the criteria for the hash is adjusted based on how frequently blocks are appearing, so more competition between miners equals more work needed to find a block. Litecoin Communities, the, litecoin forum over at t is probably the most active of the Litecoin communities. Litecoin has been making some big gains in the last week holding steady at around 16 cents (USD) per Litecoin. Most importantly: always do your own research, and never trust any single source of information. Litecoins can be bought and sold for traditional money at a variety of exchanges available online. Vircurex which allows for exchange between most of the available crypto-currencies.
In fact, the easiest way to get started with Litecoin is to buy some at an exchange. Delivery delays: you don't want your hardware delivered months after you buy. There will only ever be 84 million Litecoins produced as opposed to Bitcoins 21 million limit. Don't feel like investing in expensive hardware? This is why mining pools were invented: by sharing their processing power, miners can find blocks much faster. This is why you will often see Litecoin categorized as a virtual or digital currency.