The other more profitable coins are much harder to turn to fiat currency though, aren't they?
Excuse me if I'm wrong, still a newb waiting for my July batch for my first miner.
Newb question. The 500Mh/s that it mines litecoins, does it mine with 500MH/s other scrypt coins too or the hashrate is different?
The coin you mine does not matter, the different pools you join will affect hashrate but not the coin.