rpcallowip=127.0.0.1 (use this if you are mining on the same machine your wallet it on)
rpcuser=username (whatever you want your username to be)
rpcpassword=password (Whatever you want your password to be)

Do you have something that will mine? (an asic miner, a high end GPU)??

This coin uses the scrypt algo, so any litecoin tutorial will give you and idea of what to do.