NewsBreak Original

Firstly, one should know that mining Bitcoins in the current climate would be too expensive. If you had initiated mining Bitcoins in the year 2009, when it started, you could easily generate tons of dollars. But, it is also true that you could have lost plenty of money. I would not recommend beginners who are planning on starting small to invest in Bitcoins. The level of maintenance expenses and investment needed, accompanied by the computational difficulty in the process, is not lucrative at standard-level hardware. Bitcoins are not more appealing to large-scale industries that have hundreds and thousands of dollars to spare in the process.

“Never put all your eggs in one basket” - is the most common advice from professional traders. However, new players often get stuck with diversity. In other words, they do not know much about coins other than Bitcoin.

About 500,000 LTC was created on the first day after the genesis LTC block was mined, and Charlie Lee and presumably other early Litecoin developers were among the early miners.