The net hashrate for P$ has been between 80-500 g/hs for a while now. I could, hell; anybody could 51% this coin with a single S3. I've been mining with a couple old U2's for fun, and I have been consistently hitting blocks left and right. The reward has been reduced to 30 P$ per block (0.00001500 total at today's prices). If you completely controlled the network, and mined a ton of P$ the market wouldn't be able to bear massive dumping due to lack of overall volume, and  forget the lack of volume, there's a total lack of interest in this coin.

I started mining with Scrypt, and P$ was the reason I started buying ASIC's and mining SHA-256. Its a shame that a coin with such promise has been such a colossal letdown.