Can I create new crypto currency on Ethereum block chain? If so can it be mined or private?

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yes you can create you own currency on Ethereum private blockchain...and it can be mined as well
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You can definitely create a new crypto coin on Ethereum blockchain and here's a detailed guide on how to do it: https://www.ethereum.org/token ... and yes it can be mined as it will be inherently intrinsic to the ethereum blockchain and therefore like ETH your coin can be mined too through its own blocks however the mining software might need to coded and programmed accordingly as it's not set by default if I'm not mistaken.
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Yes, you can create a fork of any publicly available block Hain and mine the first genesis block privately.
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