1/2/2014 Miners nightmare

[lasciv]

You all know what this is about. We had three failed coins today:

-Huntercoin
-Ultracoin
-Saturncoin

Please coment on these obvious scams.

[pikuchato]

Comment: I was sleeping what happened ?

[lasciv]

Hunter was on a wrong chain. Ultra was instamined by the dev. Saturn, well, check my last posts..

[BrewCrewFan]

LOL I never even knew they came out... thank you for the sub forum

[lasciv]

For more info on these scams please check out these threads:

https://bitcointalk.org/index.php?topic=444176.0

https://bitcointalk.org/index.php?topic=443977.0 this one was almost launched..

https://bitcointalk.org/index.php?topic=441760.msg4885850#msg4885850 (this whole page)

[PhattyBanks]

I failed to even start mining the first two, then I mined Saturn coin for about an hour until it was less profitable to mine than doge

[MisO69]

Yeah, we had a pretty bad day today.


Wikicoin (Quark clone) https://bitcointalk.org/index.php?topic=444014.0
The insta-mine continues even now hours after launch, the diff adj is very slow, re-target every 2100 blocks and only 10% lol. oops.. Also they are saying that someone stole their premine.

[lasciv]

Oh yeah, forgot about that one. Stolen premine coin. Fuck, there ought to be some standars here guys. This is insane..

[BrewCrewFan]

For more info on these scams please check out these threads:

https://bitcointalk.org/index.php?topic=444176.0

https://bitcointalk.org/index.php?topic=443977.0 this one was almost launched..

https://bitcointalk.org/index.php?topic=441760.msg4885850#msg4885850 (this whole page)

Dear lord. That saturn one I would have ran way away as soon as I saw those huge ass hashes from a few people like that. All that means is once it hits a major exchange your are FUCKED They gonna dump fast and many, and keep the price from coming up any. Any noob mining that crap is wasting hash IMO, better to let it settle after exchange and see where it may go.

[lasciv]

And now this:

https://bitcointalk.org/index.php?topic=444602.0  another self moderated thread

Jesus.. Oh wait, we have Jesus coin, right?

[MisO69]

This one went completely the opposite way.

Somacoin - https://bitcointalk.org/index.php?topic=444273.0 - Launched 5 hours ago.

"blocks" : 440,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 1709.03271709,

[MisO69]

And now this:

https://bitcointalk.org/index.php?topic=444602.0  another self moderated thread

Jesus.. Oh wait, we have Jesus coin, right?

Looks premined to hell. A scam coin yet again. 36Mh on the network with .49 diff and 8141 blocks mined. Gee I wonder why he would have started a self moderated thread. Build date on the client says Jan 30 2014, 15:11:05. I bet thats when he started to mine this.

"blocks" : 8141,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 0.49486148,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 36940633,

Ah, I see, Genesis 1/28/14. Right from his website http://popcoin.biz/ So he started to mine this on Tuesday.

[lasciv]

5 or 6 scam/shit coins in 12 hours!!! I was up all night for this?
This is hell not alt coins..

[MisO69]

Lets just keep cataloging them, making posts like this to let the community know. These guys will stop when they see they are just wasting their time.

Protect the miners! 

[MisO69]

There is still hope! Another coin coming in 1 1/2 hours.

Benjamins -  SHA256 - https://bitcointalk.org/index.php?topic=444543.0

I only have block erupters so I don't know if I will be able to compete.

[chessnut]

will we ever know when a better coin comes out? the inventor will have to have a darn good case.....

[kalus]

holy shit!

this is the first i've ever heard of

- benjamins?
- somacoin
wikicoin,
huntercoin,
ultracoin,
saturncoin,

and is this an announce?  then MinersNightmareCoin too.

exciting times we live in.  millionaires made everyday. 

[lasciv]

Greed will kill the alts. Even some good pools are supporting those coins. I will definitely be very careful with pools as well. I mean if they're making pools for those scammers maybe they are scammers as well.

[dspair]

Everything is a scam these days. At least I've managed to make some money on saturncoin.

[jdh015232]

the community can cripple whats going on by not allowing it to happen.
their needs to be some sort of rules for launching coins so not just anyone can make a coin premine it, go on an exchange and immediately dump it.
people need to stop investing in coins that dont have a legitamite pre-announcement and lots of info from the devs, these people arent even trying hard anymore and yall are still buying their crap.
and the exchanges allowing some of these coins on them are just as bad, i think half the exchanges are owned by people with gpu farms, so they collect coins at low difficultys then open up an exchange and dump, making millions
like mooncoin, who do you think was collecting coins while it was at the bottom of coinmarketcap.com trading for 1 satoshi...and all the sudden cryptsys gona accept MOON? REALLY?