Kingcoin is a scam

[Fablio2]

1. Algo is Keccak 512 + Chacha + Keccak 256, not simply "scrypt"
2. For Keccak 512 yac/ybc/copperbar/ miner does not work (I already check it)
3. Source code is available:

kingcoin: https://github.com/kingcoin/kingcoin
kingcoincpuminer: https://app.box.com/s/ubkx36wv35039sj6sge6

4. If there be a GPU miner for KingCoin, then difficulty be much higher!
5. With 2 CPU's (i5 3570K) I get 500+ Kingcoins for 24 hours.
6. I check already on this coin GPU miner for CopperLark (Keccak 512). It does not work too.


I hope somebody adapts Copperlark GPU miner for this coin (clr.vircurpool.com/site_assets/mmcFE/files/copperlark_reaper.zip)

[Magic8Ball]

1. Algo is Keccak 512 + Chacha + Keccak 256, not simply "scrypt"
2. For Keccak 512 yac/ybc/copperbar/ miner does not work (I already check it)
3. Source code is available:

kingcoin: https://github.com/kingcoin/kingcoin
kingcoincpuminer: https://app.box.com/s/ubkx36wv35039sj6sge6

4. If there be a GPU miner for KingCoin, then difficulty be much higher!
5. With 2 CPU's (i5 3570K) I get 500+ Kingcoins for 24 hours.
6. I check already on this coin GPU miner for CopperLark (Keccak 512). It does not work too.


I hope somebody adapts Copperlark GPU miner for this coin (clr.vircurpool.com/site_assets/mmcFE/files/copperlark_reaper.zip)

ybcoinminer works perfectly fine on this. I was notified about it on the 2nd day, and after half an hour mined a block. Its clear the dev tried to pull off a scam and GPUmined from start.

The source code for the CPUminer was not given out at release so that people don't catch on it and he gets to mine for a day with his GPUs when rewards were high. Any of you promoting this coin are basically helping the dev pull off his scam.

[r3wt]

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.

funny how nobody mentions this to baritus about his blatant rip off of SRC, yet he claimed it used all new algos and removed the qrk copyrights. the bias around here is ridiculous.

[Magic8Ball]

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.

funny how nobody mentions this to baritus about his blatant rip off of SRC, yet he claimed it used all new algos and removed the qrk copyrights. the bias around here is ridiculous.

I haven't mined Securecoin as I missed the launch window so did not bother. I have only 2 securecoins from the giveaway.

I mined Kingcoin from the start and actually have almost 200 Kingcoins. So, if this coin makes it then it will profit me. But once I realised the dev was trying to scam I stopped mining and all these posts are to make people aware.

EDIT: Out of curiousity, whats the block reward now?

[Kalimankudenku]

{
"blocks" : 34274,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00598401,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 1764,
"networkhashps" : 307859,
"pooledtx" : 0,
"testnet" : false,
"powreward" : 5.37001000

[LiteCoinGuy]

oh no, its really a scam-coin  ?

[Kalimankudenku]

Yeah, it is! GPU miners are coming back!  


19:08:42

{
"blocks" : 34411,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00667909,
"errors" : "",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 4968,
"networkhashps" : 1155935,
"pooledtx" : 0,
"testnet" : false,
"powreward" : 5.29001000
}

[Fablio2]

ybcoinminer works perfectly fine on this.

Then just post your works miner. And the end disputes.