So I've been mining bitcoins for a little while now, and, yeah, it's not easy to make bitcoins. Litecoins are neat, with a cryptography back-end that is intentionally hard to decrypt with current hardware. In fact it's even hard to decrypt using a purpose built processor. which is supposed to extend the lifetime of mining. Because of the way transactions in bitcoin and litecoin work, they seem to be somewhat self-defeating, there is a point in time in the future where we can no longer make any new blocks at the current bit depth, and so no knew transactions can be completed. This will be the complete and total end of bitcoin, and it's getting closer and closer with every hash created.
At this point I'd advise you not to go into bitcoins if you plan on only mining them for money. They are money, don't think of them as a means to an end, I don't care that they are currently trading for $100 each, unless you invest thousands of dollars you won't be making thousands of dollars off of bitcoins by joining now. Litecoins are a different thing entirely, it is still early in it's mining so there's plenty of blocks out there to be found. Solo mining of Litecoins is not working well any more, could take you a month or more, while pools from around the world will find a couple dozen. I'm not going to tell you which pool to join (there's lots) but I will say this find a PPLNS pool for litecoins not PPS. My reasoning isn't about You can find all sorts of explanations of PPLNS and PPS on the interwebs somewhere, but my reasoning is that if the pool creators are concerned enough about how we are getting paid, they must be rather hands-on.
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