Ok this is silly.
Chncoin was announced 31 hours ago. Let's say you mined all 31 hours. You're asking for 800 LTC.
Interesting facts
- At todays rate that's 26.4 BTC.
- At todays rate that's also wanting $100 / hr for mining these coins.
- To obtain this many BTC on the BTC chain you'd need to be mining 0.8516 BTC / hr.
- To obtain that rate you'd be needing 410 GH/s of mining power.
- To get this rate you'd need 6.83 Avalon ASICs people are paying $50,000 each for.
Do you REALLY think these coins are worth what someone would need $340,000 worth of equipment to do on the BTC chain?
Did you ever hear of the term "speculation"? Because that's going on with the new altcoins. People see how Feathercoin went up
and are hoping to see the same with CNC. So the price rises. simple as that.
Edit: I just sold 1k CNC for 20 LTC. so what he asks isn't that far off.