Lets looks at some facts about this CHNCoin.
The member who release the coin created the account the day before and has only 7 post. 5 post to get out of the Newbie area.
Not true. The member who released the coin chatted with other members on the Chinese board
https://bitcointalk.org/index.php?topic=192115.0 S/He even gave a begger 888 coins, showing some human side.
1 Post in the Chinese forum area 4hrs before another post in the Alt Crypto Forum. During which over 1000 blocks had been mined already.
Not exactly and there is more to it. Another member pointed out (
https://bitcointalk.org/index.php?topic=192115.msg1992635#msg1992635 ) several hours after release there were 14,000 blocks already. At one block released per minute, it would have taken 9 days to mine that many blocks.
This post
https://bitcointalk.org/index.php?topic=192768.0 reports that the CNC client has a bug in it such that it releases a block every second! Explaining the high number of blocks generated and high number of invalid finds from solo miners.