This is the second Pico I am on. The first one I had to send back because it was auto firing when I let off the button. It was also very glitchy.Then your resistance reading might be wrong, or the device is faulty.
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If you doubt your mod, then you should learn how to test it, search on cotton burn test. There is also a water boil test I've never bothered with. I'm sure someone can chime in on that topic.
I've never heard of those test, so I'll have to look into those. I just know it's not getting anywhere near as hot as 530F. I think I should be burning my juice with it that high. I am also going to get some new batteries in a couple weeks to try because I know these batteries are old and not very high amps. So maybe the device knows the battery specs and isn't letting it put that much watts into the coil. But then again If I have a kanthal coil in I can use it above 20w with no issues. I just can't go above 40w.