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Author Topic: Kingcoin is a scam  (Read 2603 times)
minerapia (OP)
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August 22, 2013, 09:46:58 AM
Last edit: August 22, 2013, 09:59:18 AM by minerapia
 #1

This is a SCAM! theres nothing new in this coin, it is a scrypt-jane with minimum nFactor of 10. You can gpu mine this with any existing yac/ybc/copperbar/... miner with changing 2 parameters minimumNfactor and nChainstarttime.
Dev constantly state that theres no gpu miner etc is bullshit. releasing only compiled binaries was the red flag for me and I never even bothered, just took me some time to get all the proof I need.

Dev took alot of time renaming functions and filenames but it still plain old scrypt-jane (with minNfactor of 10)

I would presume dev gpu mined from day 0

donations -> btc: 1M6yf45NskQxWXknkMTzQ8o6wShQcSY4EC
                   ltc: LeTpCd6cQL26Q1vjc9kJrTjjFMrPhrpv6j
6strings
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August 22, 2013, 10:02:10 AM
 #2

agreed.
sucks really.
spent a lot of time on this.
oh well.
minerapia (OP)
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August 22, 2013, 11:06:20 AM
 #3

2 thing that gives a hint if coin is a scam (usually):
- Closed source
- Newly created account for the coin, never revealing whose behind the coin.
( I Guess forum admins can figure it out quite easily I suppose )

donations -> btc: 1M6yf45NskQxWXknkMTzQ8o6wShQcSY4EC
                   ltc: LeTpCd6cQL26Q1vjc9kJrTjjFMrPhrpv6j
BTCPOOLMINING
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August 22, 2013, 11:09:12 AM
 #4

It looks  kingcoin has the same dev as cpucoin to me.

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August 22, 2013, 11:29:36 AM
 #5

well it's that time of the year again, one crapcoin after the other....
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August 22, 2013, 11:45:34 AM
 #6

Lets's all mine pennies
eule
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August 22, 2013, 11:59:37 AM
 #7

2 thing that gives a hint if coin is a scam (usually):
- Closed source
- Newly created account for the coin, never revealing whose behind the coin.
( I Guess forum admins can figure it out quite easily I suppose )
Source for the coin was available from beginning, only the cpuminer's wasn't.

Magic8Ball
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August 22, 2013, 12:12:54 PM
 #8

The dev lied about it using some new algo. Got a block with ybcoin GPU miner.
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August 22, 2013, 12:37:11 PM
 #9

I gave up mining after about 5 hours, managed to get 10 blocks.
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August 22, 2013, 01:13:23 PM
 #10

another shitcoin

Lauda
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August 22, 2013, 01:40:46 PM
 #11

Scam and crap.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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kingcoinproject
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August 22, 2013, 02:10:42 PM
 #12

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?
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August 22, 2013, 02:22:41 PM
 #13

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?
You don't even know proper english..

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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August 22, 2013, 02:26:06 PM
 #14

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?
minerapia (OP)
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August 22, 2013, 02:26:29 PM
 #15

coincontrol is prolly cloned from
https://github.com/saironiq/yacoin-cc
so theres prolly nothing new and innovative in this coin.
I cba to even check if it has "new" features or if its 100% copy&paste.
This is just a feeling that I have, cant confirm this Wink

donations -> btc: 1M6yf45NskQxWXknkMTzQ8o6wShQcSY4EC
                   ltc: LeTpCd6cQL26Q1vjc9kJrTjjFMrPhrpv6j
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August 22, 2013, 03:03:36 PM
 #16



That's my fourth favourite novel. Great storyline. Not enough pictures, though.

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August 22, 2013, 03:35:00 PM
 #17

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?

Are you backtracking about it being new algo then?

See, I dont think most here would have cared if you had just said that it uses scrypt-jane, After all most coins being released are copy paste and some of them are doing quite well. Its your lying which has made everybody unhappy. Clearly, you were mining with your GPUs from the start and gave it some fancy name and a dedicated CPU miner with no source so that you can get a head start.
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August 22, 2013, 09:39:33 PM
 #18

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?

Are you backtracking about it being new algo then?

See, I dont think most here would have cared if you had just said that it uses scrypt-jane, After all most coins being released are copy paste and some of them are doing quite well. Its your lying which has made everybody unhappy. Clearly, you were mining with your GPUs from the start and gave it some fancy name and a dedicated CPU miner with no source so that you can get a head start.
This sir deserves a cookie.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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cryptrol
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August 22, 2013, 09:53:07 PM
 #19

Are you backtracking about it being new algo then?

See, I dont think most here would have cared if you had just said that it uses scrypt-jane, ...

Please stop saying scrypt-jane is an algorithm. It isn't, you can run several implementations of scrypt with scrypt-jane. The algorithm is called just scrypt .

Sorry but I had to let it out (again).
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September 12, 2013, 12:19:07 PM
 #20

As I said, every one, please calm down, take a look at the coin control features, how do you guys think about this?
You don't even know proper english..

Do you know his own language well? If you know it better than he knows English you have right to talk about his English!  Smiley
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