Paycoin launched on 12th December, kickstarting both a sharp jump in hosted mining prices and a period of sustained trading on several altcoin exchanges. The coin has attracted attention due to the ongoing discussion surrounding GAW Miners, promises of crypto 2.0 functionality and a commitment to shore up its price at $20.
The altcoin saw significant amounts of hashing power both at launch and since, with as much as 50 PH/s directed toward the coin at fluctuating periods during the week. With 12m paycoins already premined for the company’s...