You mean coins that are SOO new that people don't even really know they exist yet?
...I actually understand this logic...I'm probably just going to use middlecoin(or multipool if that goes down)
I will look into this more though.
No, not quite that new... More like check the alt crypto section often and see what new coins are out. Some coins take weeks or months to get on an exchange, and during that time, difficulty tends to stay a LOT lower than other coins. CGB, for example, stayed under 1 for difficulty before it was on exchange, and now it's at 5.42. Mining that for a week or two at a lower difficulty was a lot more profitable than mining anything else that was on exchange.
That may be true... but it is a temporary event. I actually think that it is better to ask several questions about any crypto currency that you may be considering mining:
Several ways a Crypto currency can be doomed from the Start::: PREMINING excessively by dev or small group - too many coins to name, Exclusive ownership of whole supply (ie. RippleSCAM), or ongoing pillage of the miners by reserving some excessive amount (ie. 80% of new coins like some) of new coins mined to be FORFEITED to some "FOUNDATION".
1) The Development Team: Talent, Skill, Depth (team members besides creator)?
-RESPONSIVENESS to the Community?
-Ability to rapidly deploy any code fixes that need to be done - quickly and proficiently?
Does the wallet load easily, connect and close cleanly... a Wallet that does not close cleanly when asked to detach the databases is probably not Stable.
Clear communications about configurations, pools and exchanges?
Is the code stable and strong or will it show blockchain hangups due to such things and difficulty shift, etc?
development of "USEFULNESS" - either ability to buy something of value in the real or virtual world (ie. good or services)?
This can include INHERENT features of the coin such as:
the ability of Namecoin to be the currency for an alias network (.bit websites) that sidesteps centralized DNS servers
the ability of ANONcoin to be mined and spent on the I2P and TOR networks creating further security for privacy
the ability of Philosopherstone to create an interest bearing cryptocoin wallet with POS done right
These features I believe ADD something to the Bitcoin model
2) Community Response: Good Support from trusted community members?
number of connections the wallet gets when loaded?
Access to a Crypto Exchange AND goods and services available in the currency?
Adoption rates by BOTH geeks and straights (like everyday game players or card players)?
Miners excitement for long term gains or is it a PUMP 'N' DUMP?
After creation of the coin, the support website, the community blog, the forums have to show good interactions with a min of FLAMES - after that I think a creators concern must be miners then crypto exchange acceptance then goods and services - but with a large and deep team these things came be done in "internet time" - a week tops - if the coin is Legit. JMO
