I'm a bit sceptical of LIPCOIN having mined it for 12 hours with a hash rate of ~100 kH/s but still nothing in my wallet.

I used lipcoind initially with setgenerate true

also used the lipcoin pool linked from the lipcoin website with the recieving address PtHH8He12v6sCkWfnYqFWmcKHtL5xnpoYD

What gives? Surely there should be at least some unconfirmed balance on the wallet? Unless it is a scam and the hashrates are just being hijacked to mine some other scrypt coin?