Miners work (provide hashrate) for a paycheck (BTC, Fiat, whocares). No miners no hash, no hash no coin.
But its too easy to bash the for profit miner. We are about to see what happens when the for profits bow out.
A coin that can't weather SELL orders at the BID is a coin that can not survive!!
I love the fact that jackdminer is upset it isn't worthwhile for him to mine KDC to dump it on the exchanges.
This is excellent news!! Woot!
The rest of us are mining because we believe in the final price of the coin.
If jackdminer was around when Bitcoin was trading at 25 cents, perhaps he would have complained it wasn't high enough for him to mine either.
If jackdminer has short-sighted problems on a coin's long-term future, that's his problem.
Go mine and dump someone else's coin jack. That's right KDC isn't your ticket for a paycheck anymore. Bye Bye
I'm not upset about the value of KDC or any other coin. I get upset whenever for profit miners are blamed for a coins price as if we provide nothing in return and leech off the efforts of others. Coins are designed to pay for hash rate... Embrace it!