surprisingly nobody seems to be talking about this here.. there is a new coin since 36 hours.. let's talk here only about the mineable coin itself.. paycoin and gaw is a topic itself ( https://bitcointalk.org/index.php?topic=857670 ) so let's collect the facts:


Name   Paycoin
Symbol / Tag   XPY
Website   https://paycoin.com/
Github / Source Code   https://github.com/GAWMiners/paycoin
Forum   https://hashtalk.org/
Client Version   v0.1.2.0-ge3c013c
Get Info RPC
Version: v0.1.2.10-ge3c013c
Protocol Version: 60004
Wallet Version: 60000
Hash Algorithm   SHA-256
Proof-of-Work Scheme   Proof-of-Work/Proof-of-Stake
Coins to be Issued   12,500,000
Block Time   1.00 minute(s)
Block Reward   49.00 coins
Difficulty Retarget   1 blocks

• not to be confused with [PYC] Paycoin, https://bitcointalk.org/index.php?topic=268941.0
• Pre-Mine 12,000,000  = 96% ( https://hashtalk.org/topic/22975/initial-paycoins-of-12m )
• gigantic ponzi-scheme.. but if you get in early enough, you can probably profit
• first coins were sold to private investors for 8 USD
• actual price is around 10 USD ( https://coin-swap.net/market/XPY/BTC )
• coins will be publicly sold on paycoin.com for 20 USD
• market cap would be #3 , just behind bitcoin and ripple
• mining went crazy the last 36 hours, on nicehash hashrate costs 10x value of btc mining.. we are at 40 PHash now...

so do you think it's worth participating?