On Bitfinex you buy Miota, and yes iota is like satoshi the smallest part.
The seed well you need to create it in this way in linux:
cat /dev/urandom | LC_ALL=C tr -dc 'A-Z9' | fold -w 81 | head -n 1
or use a password generator, but only capital letters and number only "9" and length 81 charakters
this will be a string like that:
UF9IEMCLEN9...................................EI9WEF9DER9  <- 81 chars

@ 9neil2
When I mined it took like 5 to 6 hours until I saw the first incoming coins. You also will see them in "Pending Deposits". They will be available after the confirmation, you can see them in "Desposit" (at least in coinexchange.io)

For those who want some information about iota:
https://www.btc-echo.de/blockchains-ohne-bloecke-und-chain-ein-interview-mit-dominik-schiener/

Give me one iota for every time "scam" is written together with "iota" I would be iota billionär 
People should do some research before spaming all over the internet, that iota is a scam - would be nice so I don`t have a hard time to find vital information.

Great now I`ll store my Ammo in my wallet 

It is really annoying whats going on on bittrex, cant buy/sell/transfer only watch =|

mbdmbn seems to be really interessted in saving other peoples money to tell them not invest in this coin, question is why?

Does anybody know when we can trade on bittrex again? Zen is already funcioning... =/

At the time, ca.2 weeks ago, the mining did not pay itself. I did it in the hope the coin value will raise as it was new, today it already paid off. I paid for 4 hours more or less between $7-$10, 1.5GHs. It depends a lot if the cheaper rigs are available. You also  have to consider the value of the bitcoin. If you have some coins over just try it out and see if it works for you
For renting rigs, you can have a look here:
https://www.miningrigrentals.com

I always rented more or less 1.5G-2.5G roughly 0.003-0.005 3h-4h hours. You can also rent some rigs for a day or even a month.
But I think it´s quite risky You have to pay beforehand (~1 BTC for a month or more depends on the GHs). But if the rig has a problem
you have to wait the owner sees it and resolves it, so you loose time and a lot of money is stuck - even if you get a refund. So better
mine just some hours. Before the dificulty change I gained like 400 to 600 in 4hours.

@9neil2

Yes. Its just as I wrote. You can also have a look on the webpage - www.findblocks.com/getting_started
I rented a rig and it worked out very well.

Yes I can confirm that. I already mined this coin and gained some thousand. When there is noone that mines, the transaction will just stop and you`ll wait for hours, but thats nothing to worry about. As soon new blocks are generated the transaction will arrive.

@ Post #306
Hello AMDiego
you can use the site
http://www.findblocks.com

download a X11 mining program like "SGMiner-GM-5-5-5"
then you start the miner with a batch file like this
"sgminer -k x11 -o stratum+tcp://findblocks.com:7056 -u -p "
password in most of the times there is none so you can write somthing like "x" "pw"
Here are the ports to use for dificulty
   Port: 7055, Diff: 0.01 Port: 7056, Diff: 0.05 Port: 7057, Diff: 0.8

Under worker on the mining site you must see your walletadress, then you know it works fine
Hope everything was clear