quote from release:
"This release pertains to the launch of AIRcoin on the exchange
https://poloniex.com/ which will begin
trading at an expected exchange rate of .00115 BTC/AIR. Network Hashrates, as the time of this release,
are between 440 and 500 MH/S, resulting in a difficulty of 12-15"
So already they have backdown from the exchange rate. They promised 0.00115 when difficulty was 4. its tripled.
i ws mining 30 per day now 6!
The rate in the release was chosen low to prevent overestimation, and remains a recommendation or expectation, not a hard rule. The initial price is still set by the free market, it is the movements from that price that we operate on. We have removed it from the release, however, to avoid negatively influencing the market.
Anyone else notice the drop in network hash rate? Nearing 300MH/s. Strange time for it to be doing that so close to listing on an exchange.
It's likely that people were expecting this to launch on an exchange today...Failed deadlines leave a bad taste in peoples mouth.
This is actually a relatively regular occurrance, hashrates rise to new peaks about every 24 hours and then back down late at night. This shift is so large because one miner, who backed out, had nearly 75 MH/s alone. This is in part due to rigs failing or switching overnight, and from the attempt to let the difficulty drop before the morning.
The reason behind the delay (which was pointed out earlier in the thread, and it is still within our time range we specified) was that one of our media contacts who offered to cover the launch with a campaign was delayed. We want to coordinate the launch so that we can have a strong enough volume to help the market be stable at launch, and that requires more advertising than we have currently. It is definitely in the best interests of those currently using the coin to allow this coverage to happen at the right moment. It also gives other users more time to prepare.