Actually this is horrible.  This creates whales from people buying up cheap coins from the beginning since majority of the hash is from multipools and people who are just mining profitable coins and selling them(hash rates fluctuates from 4g/h to 10g/h, 6 g/h is from multipools.  60% of the hashrate).  This will end up with crazy market manipulation later on due to those that bought in big at the beginning controlling up and down swings with a huge amount they have.  This doesn't make the distribution fair at all, it just makes the people that are already wealthy in BTC have more since they are going to buy and control the market and eventually dump it leaving the bag holders clueless on what just happened.