POW: 468,070 coins
Premine: 1,000,000
What the fuck? really?
No way!
FUD... Premine is clearly stated as 1M and POW coins as 50M in the OP.
so, it's a 2% premine.

46807 x 10 ≠ 50,000,000
POW phase is of 468.7000 coins.
Remaining coins are part of the POS phase....
Miner stop trying, they are right... THERE IS ONLY 468,070 minable coins and rest are minted in POS. Even then it will take months to mine those 468,070 coins but there will be 1mil PREMINE available to dump!
You're right, premine is too high for those block rewards, premine should be much, much lower, 10k tops imho.