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.
Why do I have to add my username and password and the port and all that in my wallet .conf file ? I know miner must be 127.0.0.1 because that is the local computer IP address. Why must it be in my wallet .conf too.