I used to think exactly the same, until I started hosting my own websites. Sythe isn't made of money, and he's not here to baby you all. He's doing this, regardless of the fact that he 'barely breaks even'. According to him, the site costs 400$ a month, and I'm guessing an extra 10$ a year for the domain. Not to mention dealing with all of the attacks, he does pay out a lot.
Instead of doing donators, I believe it would be wise to do subscriptions. A cheap 5$ a month to remove the ads, and, oh, gain access to a private forum where there are recently discovered bugs, or something that people want.
That way, he brings in an extra 5$ a month per subscription, instead of a life time. (He could also run donations on the side, as well).
And I believe a bit better organization of the ad blocks is necessary, right now, they're very ineffective.
