I also bought 2mh lifetime scrypt at genesis mining and set up VIA and it is going to be there forever... Great ideas!
I really like this idea, but I've got two general mining questions, from someone without too much experience mining VIA:
1.) is there a recommended VIA mining calculator? Isn't the current VIA market price well below what it would cost to mine new ones? (My back-of-the-envelop calculations suggest it is.) Wouldn't it be better to just buy a bunch of existing VIA on the open market until the price appreciates to back above the cost of mining?
2.) Does the more frequent and smaller block rewards (vs. bitcoin and others) change the equation at all as to at what point it makes sense to solo mine VIA vs. mining in a pool? (My intuition suggests it does.) At what point would it make more sense to solo mine VIA?
For example, if someone were to grab that Diamond 100 MH/s contract from Genesis Mining, I figure that would be approximately 1% of the network hashrate. I know that for bitcoin, with only 1% of the network you'd obviously want to mine in a pool. But for VIA? Also, does anyone know if with Genesis Mining can you solo mine, or do you have to join a pool?
Thanks
forget solo mining. And genesis-minng will probably dont give you a roi. Its more a fun thing and supports the network if you mine via directly. Buying coins is more profitable. It was my first mining thing and I bought 10 mh. Its ok to get a feeling for the cloud mining space. And, you cant chose to solo mine at genesis mining. Actually, they dont even tell you how they mine the coins. The payout somehow matches the expectations though.