I just created an altcoin on coingen and would like some help with setting it up.
question 1. Can I start mining with the qt client?
question 2. Do I need to do something to create a genesis block or has that already been done at Coingen.io?
question 3. Was Coingen really founded to flood the world with crappy altcoins to destroy altcoins and leave bitcoin standing alone? Because that is hilarious!
1) no, you cant simply start mining, since it is a peer to peer network, you need peers to make it work.
2) the genesis block is already hashed, and the software is ready to work when you get the download link.
3) no, the existence of coins is not what will devalue other coins. it is a matter of what the coins can be used for.
Anybody that is having trouble getting their coin running after having it generated look me up. I will show you how it works and get it up and running for you. If you are willing to learn it will be very educational for you. Even if your coin never becomes worth a cent, you will gain a firm understanding on how crypto works, and that knowledge will be worth what you spent buying the coin.