Yeah pretty crazy!
At least the difficulty has increased finally... Hopefully this is the start of some good things to come for this coin and a reasonable price on exchanges!
Hmm, agree somewhat, but mostly disagree..
The 800mhs miner will not get a million coins in a day, he will get maybe 300-500k after the first day, and A LOT less after the difficulty adjusts further. Yes that is still a large percentage, but not one that he would be able to control the entire coin with or anything.
Also, you've got to remember that it is probably a miner that has hired hashes for a day or so to mine this coin, and he would be PAYING A LOT, probably over $1k for the single day of hashing power. Will it pay off, who knows? If this coin gets some value, yeah it probably will, but he would be mad to dump the coins down to a price lower than what the hashes cost him.
I think after a few days once the mining stabilizes then this coin could grow to have quite a bit of value