Yes it is paranoia.
The POW phase of XC ended last night and it was 10x more profitable then mining DRK at that moment. Now the XC price has tripled since then.
If you want paranoia look at the XC hashrate graph.
http://liteshack.com/?coin=xcWhat do you think were those spikes>?
You can't make 800.000 MH from GPUs. Even if you can, it must of been one or very few entities by looking how it behaved on the graph.
Funny thing is that hashrate never touched other X11 coins. Must either:
-be very expensive to run
-something odd with XC