What is 42Coin? Why it is highly priced? In cryptsy, I see that one 42coin is trading at >900 BTC. Just wondering what is 42coin and why it is highly priced?
A new crypto-coin, scrypt based, which produces blocks every 42 seconds (each of which yield just 42 millionths of the currency, except for every 420th which yields x10) and for which there will be no more than 42 coins in existence. Yes, that's right, only 42 "42coins" will ever exist! That takes Bitcoin's hard limit of 21 million to the extreme, of course.

For what I've read, it's a half-joke based off the novel "The Hitchhiker's guide to the Galaxy", wherein it's stated that number 42 is the answer to the "ultimate question about God, life, the Universe and everything else" - such a question that we humans are just too dumb to fully understand, much less grasp the implications of the answer :)

Official page

Official forum, with links to pools

What amazes me is how a coin with no virtually no use appart from speculation has commanded such a high prize - it's HUNDREDS of times more valuable than a bitcoin itself! And yet, according to coinwarz, it's not all that profitable (probably because of the block's ultra-low yield).