I'm relatively new to the mining scene, and am in a position where I have a very small amount of hashpower to throw at a given coin. SHA256 is out of my reach, so this is specifically with regard to Scrypt (and variants) coins.
I've been trying to play clever with picking coins to mine, as follows:
1) Coin dev is not an already proven scammer (e.g. the likes of Wolong)
2) There is no premine, or at least a very small, publicly viewable one
3) Sources available at or preferably before launch
4) Exchanges preferably already in place
5) Some larger, more reputable pools have become involved (I know this can be a false indicator, I am just well aware of how little I know, so indicators from the "big players" are a bit helpful)
6) Innovation on a cookie-cutter coin - things like Kimoto's Gravity Well, scrypt-jane etc.
Needless to say, I have not covered everything, and have wasted my time with several crapcoins
I'd like to pick up any education I can here about how to avoid doing that again, while still being "in" at a relatively early stage.What are the thoughts of the forums on how to pick these?
Rit.