It doesn't stop here, think how the Genesis hashlet owners feel. They purchased an overpriced SHA256 miner and can't take advantage of this. Also where is GAW's 5 PH/s or whatever is remaining of it? Does it even make sense for them to mine Paycoin since they already have 12 million of it? So the only ones making money out of this are GAW's most despised individuals, i.e. Bitcoin bagholders pulling out their USB erupters and whatnot. Great show
BTW despite what the CEO is tweeting, average network hashrate is still 10-15 PH/s. I have no clue why someone hasn't told him yet to stop embarrassing himself.
http://paycoin.minerpools.com/index.php?page=statistics&action=blocks
Mr Coins @CryptoDabbler · 5h 5 hours ago
Paycoin net hash reached an astonishing 84 PH, see live stats at http://suchpool.pw #paycoin #paybase @gawceo
It really doesn't make any sense why Genesis hashlets cant mine their own coin. The only answer is they were never "mining" in the first place. The "rates" are just made up numbers that don't correlate to real world data.
Also eightcylinders makes a great point by questioning low zenpool payouts. The "negotiations" have failed to bring the rate up even with the blistering rate of renting out on nicehash. Wouldn't GAW be in a better position to rent out hardware better than ever before? Shouldn't we NOW see rates of .006-.007 ?
Genesis are mining!! There's a "mine" formula on the excel spreadsheet to prove it!