This is why the Ethereum is dropping in value , thier dev teams are not innovating anymore , or at least pushing the evelope i.e getting things done
I'm a dev myself , I know there are delays and risks and such to update and upgrading code and co-dependent systems but its like they are sleep-walking right now, they are definatly not as hungry as they used to be
they sounded more like Finacial guys than developers in thier meetings more interested in monetary policy that playing with new code and concepts like ProgPOW.
personally my 8GH is off eth and split between BCI and XMR, XMR basically after power costs has been identical in profits to Eth , for a while now
watching the dev stream i would say the same thing
the devs seem lazy and unwilling to try and fix mining
instead, reaching for the POS goal that has been delayed over and over and is obviously not working
i wouldnt be surprised if they never implement POS and all this has been nothing more than a speculative strategy
they are obviously all millionaires now as they would have only needed to sell a few thousand coins above 1k