Difficulty will drop for sure, 85PetaHash of sha gear moved over to mine Paycoin, this is going to affect block times for bitcoin and definitely change the difficulty down but it is temporary as Paycoin only has a PoW of a couple weeks.
So, how long this PayCoin storm is going to stay ? Will the Gen4 chips can mine PayCoin too ? If yes, that would be a great news for bitcoin miners
it is a short window for the pre-mining so to speak. the 20th of dec. after that it all depends on how well the coins price holds up.
if the coin has legs it will affect BTC for months to come. Or if the coin crashes and burns BTC will get a solid DIFF increase.
Paycoin's success or failure has no bearing on the BTC network hashrate in the long term. The coin won't be ASIC mineable after the proof-of-work (POW) phase is done... which is over in a few days.
Well we have been told a lot about paycoin. We will see exactly how it unfolds day by day.
GAW-ZEN holds the power on that coin so rules can be bent or changed by them. In the short run it dropped btc rates a lot. who is to say that after 3 months of no asic mining they decide to allow asic mining again. They can do that if they want to do it.
If they make Paycoin a POW coin again in the future, that would really piss off those HashStaker investors now. Wouldn't it? They have paid to buy a coin that can only be mined by a POS wallet and then to suddenly change it to an ASIC mineable coin again would be disastrous.
This whole Paycoin thing is ridiculous! So I guess I shouldn't be surprised with what the future holds. But I'm certainly don't think XPY is the next BTC. But we'll see.
