Since nobody from the team seems to be on here any more, here's the latest from Discord...
TLDR: POW mining in Linda is over..now only POS mining.
Justin Tether [Linda Support]Today at 9:23 AM
We would like to announce our wallet v3.1.0.0.
It includes all the benefits of wallet v3.0.0.0 plus also includes some key improvements detailed below.
V3.1.0.0 will block all PoW within 3 days (block number will be announced later) so we will swap to a PoS chain only. These new rules apply for a few reasons including staying on course for 2030 max supply, and our belief in an ecologically friendly blockchain.
We have upped staking payments to 50% and added in a maximum stakings age of 30 days and also added a maximum amount of 100M for each staking input. (Anything over that will not grant higher return per input) , Overall this will improve your current staking returns.
We have upped masternode payments to 60%.
The PoW lockout is due to a mining exploit found in the original code where a large number of coins were being mined too fast which may have led to amounts for sale on exchanges as we have seen in the last few days.
LZSTWiBLeq6JwaPHWFAWG8acURC2Rgt4HV is the pre-sale ICO wallet (#2 wallet on richlist). The amount of Linda collected and LindaX have been/ are available to be viewed on mynodepool.com under ICO pre sale.
We apologize for the inconvenience this creates for the PoW backed workers. This has been a hard decision that was weighed and calculated.
We wish you all luck in your future mining endeavours.
This sucks for my Scrypt miners...but oh well...
in the mean time, somebody has found a way around the broken pool mining, and is collecting ALL the mining rewards with minimal hashrate...right now about 14kH...raking in millions of Linda, and it seems dumping it on the market while they can...causing the recent dip in prices.