Quote from: crypper on September 08, 2018, 02:32:19 PM

Quote from: Woodcarver on September 07, 2018, 07:41:52 PM

No wonder the Devs are not updating their apps. PM is stable but, there's no profit in it and they know miners won't be using it much longer as the price decreases even more. ETH price is now below cost of power even at $.08/Kw. I've shut all of my rigs down. I'm not ready to sell them yet in hopes the price will come back up next year.

Lol... you do not understand how it works. No matter what the price of ether is and how many people mine - dev's income (in ether) will not be affected. In dollars they will get less, but there is no way they can lose money, right? (unlike you and me as we have to pay for electricity).
Consider this: less people mine=> lower difficulty, but block reward doesn't change. Even if there is only one miner left (let's call him Vitalik

), and he is mining with phoenix, phoenix will still get his 0.09*5 Ether every 15 minutes. Or if there are 10,000 people mining, still 0.09*5 Ether every 15 minutes.

Wrong again!!! I understand all too well. I've been in the computer industry long before the first IBM desktop PC hit the market in 1981. The math is quite simple: $350 cost for power per month vs. 193.00 per ETH at 1.3 ETH per month = Loss, not profit. The dev fee is 0.65%, which is 0.0065. Yes they get their cut which is perfectly viable since they are the ones writing PM. But, their profits are declining as miners like myself turn off their rigs because the overall price is now at $195 per eth.