Will new altcoins FAIL? Or will they succeed?
What factors do you use to determine which coins are worth mining (and which not)?I just coded a basic version of
http://altcoinrank.com that will list (and eventually rank) new alt coins, and wanted general feedback on the site and idea.
1) What basic information do you want to know on new coins? (I'm guessing max coins, premine, etc..>)
2) What are useful when you're deciding whether or not to mine a new coin and if you're going to "invest" in it? My tentative categories are:
- Developers- Is there a strong development team? Are they active on the forums and present? What is their track record with previous projects? Can they compile a windows and os x wallet?
- Financials- Will this be listed on exchanges? Are there any vendors (or a target audience) that plans to use and exchange this coin? Does it have a viable chance of being used for internet tipping, game development, apps, environmentally-friendly research, etc.?
- Community- Are people excited about the coin? Do people actually post on the reddit page for the coin?
- Uniqueness- Does the coin offer anything new or novel? Does it correctly implement Kimoto Gravity Well? Does it have special block rewards? Is it the next Ethereum or crypto 2.0? OR... is it copypasta salad?
Let me know your thoughts, coin hunters!
