If this coin was ok, hashrate with qubit would be above 30GH not 500 MH/s.
500 MH/s = failed fair distribution.
Devs took advantage of free giveway to wash coins in their wallets.
When they saw that mining is not going well, but premine is big, and there is no any interest, they made final scam solution: fake giveaway distribution right into theirs wallets. But that is so obvious, that can't be more.
off
That order of decisions doesn't mesh with reality though because the giveaway was there from the beginning. There is no way that the dev's decided to do the giveaway in response to the hashrate because the giveaway was announced immediately.
As someone who does not want to mine it was a good distribution. Aside from reading the information it was as simple as being at my computer at the right time with an address. I actually missed the countdown by like 2 minutes and still got in, so it wasn't only an instant either.
Mine it or don't. Who cares? Why are you letting everyone know you are not mining it and trying to be convinced to mine more? Just stop mining it if it isn't good for you and move on. That is what anyone would do.