I live in Germany, good coders here earn 4000 Euro / month. So your $200.000 get 3,7 coders / year (not 10!!!).
And everybody doing Crypto Currency-development or who is intelligent & skilled enough to do so, would be considered a "good coder". Last but not least, you compete with >1000 Bitcoin startups in Europe, USA and Asia for the few skilled people, who can really develope a Crypto Currency.
But thats the typical german way - better earn less but have a secure job ;-)
Thats really lower end, a normal payment per hour is 75EUR for a self employed programmer - that's the average.
Source:
http://www.golem.de/1109/86156.htmlIt's from 2011 tho, i guess its more today.
Yea, it really depends on the country and type of work being done. In the USA, expert coders can earn upwards of $100 an hour.
Thats low end, in NY or SF etc. you won't find a lot of people who would work for that - granted that a 60square metres appartment there costs easily a few grand per month its obvious they have to charge more.
But even a new feature is not something static and, it too, requires maintenance and further work or re-implementation. DarkSend operation, or Masternode operation, has been radically altered and tweaked a lot. DarkSend must have been rewritten as to the way it works at least 3-4 times since Feb '14, to the point that it's no longer DarkSend but rather a ...premix of coins that are sent normally. And it continues to evolve (blinding).
Well, thats a typical bad design, and you guys don't even have to care about other stuff nor is there serious research published.
Rewriting things 3-4 times clearly shows that design errors have been made from the start.
Designing a correct system often costs more time than implementing it.
We had the same discussion a few days earlier on the 200k USD payment processor and I asked what am I missing... I saw the answers but I still couldn't get my mind to accept them. I finally concluded that in my part of the world, these numbers are simply astronomical for coders while in other parts they may be considered "normal". With 200k USD you'd probably hire at least 10 full-time coders for a year around here.
Thats out of context - that wasn't asked for programming costs - it was a sell of shares in a company; Whoever would have invested gets paid out dividends etc - you know, like apple shares
And it wasn't 200k USD - it was coins, who happened to be worth <1usd/coin at the time, and a lot of people already had them so they wouldn't even need to use their Fiat; and they would have got paid back in coins if they wanted also.