So I hooked up a few of my servers and I was able to start mining several of the coins released on COINGEN. How the heck do they expect any of these coins to have any sort of value ??
I guess they will just get forked down the road?
I am sitting on a few mil of some of these coins now....
New coins are very unstable due to the difficulty. 99.9% of those coins will never see the light of day on an exchange. Without any sort of promotion nobody has any interest in those coins. Nobody to promote = no exchange. Maybe you'll get lucky and hit a coin before it's announced, but it seems like a waste of hashpower to me.