all new altcoins are a scam.
especially true with 1 day of mining.
the way it works is simple.
- dev instamines using high hash rental rigs.
- he gets and exchange listing.
- he dumps on the exchange.
- he comes back and makes a new thread.
there are no 'ultra fair launches' you can be sure of that.
this is a formula that makes the dev money and maybe a few lucky people who get it early enough.
in two weeks no one will even remember this coin exists.
The developers rented a modest amount of short term hashing power for the launch (100MHash/s or so). But beyond this, this is just how pools work. It's not like developers can get a high hash rate rig for free. If you think this is so profitable, why not rent more hashing power and beat out the developers? Trust me, it's not developers that are pushing coin launch difficulties so high.