Paycoin Goes Live

Paycoin

Paycoin is a SHA256 algorithm coin released by GAW Miners a couple days ago. The coin is now open to be mined by anyone with SHA256 hardware with a few possible pools to choose from. I'm personally mining it with 2 antminer S3's and mined 1.5 XPY(paycoin) within 8 hours.

Paycoin is currently in it's POW (proof of work) phase, but then will phase into it's POS (proof of stake) stage in the upcoming weeks. GAW has stated no 100% promises of the coins value, however on December 19th 2014, they are releasing their Paybase platform and doing a coordinated launch with "many" large currency exchanges (Something like Cryptsy I imagine). GAW and the community on launch expects a price of approximately $20 USD, and through this launch they intend to actively try to moderate the market price.

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