Anyone here into Bitcoins?

[Johann]

...the technology needed to "mine" them was becoming too complex and that the bitcoin of the future was something called litecoin, which the radio operator was "mining" at a rate of about $20 per day.

There have been 54 "Bitcoin" clones (including Litecoin) established since April. Do I need to say "bubble" one more time?

"Mining" consists of earning rewards by using a computer to verify transactions for vendors (proof that the bitcoin hasn't been "double-spent"). The work involves computer solution of very complex math, for any digital currency.

Lite-coin says its "mining" system opens to the doors to owners of more "average" computer equipment. Effective Bitcoin mining mandates very upscale computer hardware. I'll pass on both - and the other 52.

Johann