I mined this coin all day with my sapphires. All I could mine were crumbs compared to what it should have mined. Not even worth the power costs to run the cards. This coin lost 38% of its trading value in the past day (0.00000026 to 0.00000016 on nxt-e). This coin will be at the bottom very soon (0.00000001). At that point, electrical costs definitely greater than trading value. Not all, but very, very few coins can stay above 0.00000001 btc trading when they are in the multi billions of coins. Why not 31 mil? 31 billion way too high. This dev does not like my posts because I point out obvious facts... even though I am mining his coin!
It's not even 48 hours since the release. Most coins aren't on an exchange at this point. There's no reason to freak out about coins values dropping. Especially when the volume over the last 24 hours is only 1,500,000 coins.