Topic: [Lee group] Miner Rentals - Dragon 1T Bitcoin Miner - A2 Scypt 90 Mh/s or 60 Mh (Read 1857 times)

First off thank you all for making this a success.  I have went to a loyal customer from member.  It's been a busy time but thank you all for participating.

What does this mean for all you current rental customers? Well nothing except you will turn to Mr. Lee for support for the remainder of your rental.  He has the forms you filled out, and has always had it be his hardware, and it went to his PayPal and BTC account so you have no worries on any of that.   I made sure to put on my final status update to him that muzzyshop you are up next on available Dragon.

What does this mean for the future customers?  I would have your eye's on the horizon for it to come out under another team member, probley even bigger

As always happy mining.

This has been a great first launch.  Hope to do more in future.

I apologize for any trouble's.   You will be compensated for lost hashing speed to be fair, as I value my customers.  I will sent you messages on me doing more in depth test on this unit.

Thanks for the quick response.  I got up this morning and I'm still seeing the same issue.  I've got 3 that are showing up on eligius at 960+.  Here is as of 7:30am central time this morning:

Dragon1         12 Hours   966.02 Gh/s   9716480   3 Hours   957.49 Gh/s   2407680   22.5 Minutes   929.29 Gh/s   292096   
Dragon2         12 Hours   975.05 Gh/s   9807360   3 Hours   978.36 Gh/s   2460160   22.5 Minutes   943.14 Gh/s   296448   
Dragon3         12 Hours   975.82 Gh/s   9815056   3 Hours   1,000.05 Gh/s   2514688   22.5 Minutes   995.26 Gh/s   312832   
Dragon4         12 Hours   685.07 Gh/s   6890592   3 Hours   696.66 Gh/s   1751808   22.5 Minutes   738.71 Gh/s   232192

Help please.

Why are my points "guesses and off base"?  It wasn't pulled out from some top hat on my desk but extrapolated from my current personal practical data.  It shouldn't generally be far off than what you or averybody else have unless we are all mining off of different networks/block chains.  All I was pointing out is that at the current rental rate that your company is offering (.049 BTC/24 hours), that's barely allowing a discernable profit if at all for the individual renting your hardware.  After all, your company still owns the "asset" (i.e. the hardware) which can still be sold for yet another profit.

Not a problem I logged in and it appeared good, went ahead and stopped and started it to make sure no temporary problems.   It's appearing good on average and on real time statistics.  If you do happen run into anything wrong, please just send me a screenshot of speed and pool and I will look again.

Visdude I appreciate you watching out for the community.  But some of what you say are guesses and off base.   You assume the worst, which I can understand in the Bitcoin industry.

Mining profit varies it cannot be exact with so many variables including pool, everyone should always do their own analysis.  To show your profit analysis can be wrong here is my Dragon 1T (not hosted but at my location) with me playing with settings and showing even when i had a slow down (my fault i do make mistakes ) https://www.dropbox.com/s/f1mwm32d8xaac3o/proof.JPG that was taken within past 20 minutes.  Payout is higher then your personal analysis.  Mining varies for everyone there is no guarantee of profit with any miner.  People have also rented miners for other reasons then just pure profit, such as trying a Lee hosted miner, trying a long custom period of a Dragon.  Or in some cases using PayPal to ultimately convert to BTC.

And a reason to charge less then possibly could make just running should be evident.  With group buy https://bitcointalksearch.org/topic/wwweasy2minecom-340-the-group-buy-of-antminer-s5psu-included-514758 there is a hope rental customers might like the product and possibly want one of their own.  Just as 4 hour promo, it makes zero mining profit but it actually did make a few sales and was a fun way to do a promo with bitcoin community.  All fun excpet that 4 hour timer I have going to remind me to go to next person on list It's been a lot of work, but fun as-well.

I will let everyone look at Mr. Lee's post as far as justified.  And I think the Dragon rental's selling out speaks for is self.

With that out of the way I want to again thank the customer's who made this a successful launch.  And always happy mining.

In other words, if I have a miner that makes me .045 BTC per day mining for myself, why would I rent it out for less than or equal to that amount per day?  Of course, it only make sense for me to rent it out for more than .045 BTC.  Otherwise, it's pointless to do so unless I'm in the charity/non-profit business.  If someone does rent it anyway for more than what it is capable of producing (.045 BTC per day), who's left holding the bag?  A very good question indeed.  Is that about right?

Would you check my 2nd dragon?  I've got it listed as Dragon 4, and it's very low compared to my others.

Dragon3         3 Hours   1,016.64 Gh/s   2556416   22.5 Minutes   1,039.24 Gh/s   326656   

Dragon4         3 Hours   685.36 Gh/s   1723392   22.5 Minutes   683.33 Gh/s   214784

Thanks.

simple economic:  if it is not profitable to mine then rent it out.   So the only reason you would rent this out is because of using paypal.

I just want to thank all of our current renter's for making this a successful launch!

I apologize to those who missed it after the Dragons sold out, and will change status on here as soon as we have any Dragon 1T miners open to rent.

As always happy mining.

Your reply is fair enough except for the fact that there is no profit incentive to rent a Dragon 1T at .049 BTC for 24 hours when a 1T of hashing power currently and practically only makes around .045 BTC in the same period of time.  That's .045 BTC (practical yield) minus .049 BTC (rental cost) equals -.004 BTC (a loss).  That's less than breaking even; and even if it breaks even or thereabouts, it's not worth it to go through all the motion of renting them.  There has to be a discernable profit margin to justify going through such a process.  Otherwise, it's akin to fooling oneself by denying reality.

1.  How is charging .049 BTC for a 24-hour Dragon 1T rental justified?
i think it is fair because of the following reason
1) if you buy a miner with huge of money, it is fair to pay a little high price if you just want get a small share, bulk order always get discount
2) you need not pay host fee when you rent the machine
3) you can pay it via paypal, it is a fast way to get btc


2.  Are these rented Dragon 1T units eventually going to get shipped to fill in customer orders for "brand-new" Dragon 1Ts?
as a matter of fact, i never ship the miner that is already in my data center, i usually ship the miner from factory. i have shipped more than 200+ unit out without any issue about used miner, i cannot promise that every miner i ship out is brand new(the factory is also get the miner running when they are in stock), but i have tried my best to let the customer get new miner

Currently, 1T makes around .045 BTC in 24 hours and about .006 BTC of that amount goes to power cost.  This is not based on some theoretical calculators out there but from a practical extrapolation of actual and current performance of hardware that has been physically monitored daily.  Having stated such:

1.  How is charging .049 BTC for a 24-hour Dragon 1T rental justified?
2.  Are these rented Dragon 1T units eventually going to get shipped to fill in customer orders for "brand-new" Dragon 1Ts?

No offense...just curious.

Thanks.

And I apologize we currently are sold out of T1 Dragon's on rentals.  Marking it it as sold out on form, and wrote in form post a few times to make sure it's visible.  On this we don't want customers to order and have to wait a long period of time for rental.  Will open up as soon as we have openings.

Thanks for buisness please fill out form again for second transaction each transaction needs to be recorded this creates the oder: https://docs.google.com/forms/d/1F6Pd6li9cgPR1uVvpuprNNzcCLdwtqvzl3qhGKDRY90/viewform

Thanks.
I will rent one more now

Just for kicks, I'll do 5 days on a dragon.  That should get to the next diff change.

Credentials are set up and sent through email with guide you are now able to log in and set up your mining settings

Happy Mining!

payment send

Sorry currently priced per day and no length time discounts.

is any discount if I lease T1 for a weak

And another Dragon 1T miner rented.

teeGUMES your information for Dragon 1T has been sent.  Happy mining.

Your response is fair enough. Thanks

Price is currently effected by amount available on A2's to rent.  High .3's have been achieved with 90 Mh/s with right pool or choice of coin granted with mining no rate of return can ever be guarenteed. With their possible high earnings and current price tag for machine that is the current price.  Prices are of course might change in future, but that is current price.  

How is this profitable in any way ? To better promote your business m can you please provide your customers with the benefits  of using your service and the returns using the package above ?

enjoy the new server provided by Lee group

We are pleased to announce the offering of renting a Lee Group Hosted Dragon 1T bitcoin miner’s as well as an A2 90 Mh/s scrypt miner, and a A2 60 Mh/s scrypt miner available for renting. Refer to group buy for information about these miners: https://bitcointalksearch.org/topic/wwweasy2minecom-340-the-group-buy-of-antminer-s5psu-included-514758 .

We are offering 24 hour rental’s of these Dragon 1T machines.  You are able to pay both in Bitcoin and through Paypal.  With these options are two different prices as shown below:

Dragon 1T bitcoin miner (Currently Sold Out marked as sold out on form so we do not get day's of backlog and better service for you!)
•   BTC: .049 BTC each per 24 hours
•   Paypal: $ 24.99 dollars each per 24 hours

We are also offering an A2 90 Mh/s scrypt miner available for 24 hours rent.
•   BTC: .39 BTC per 24 hours
•   Paypal: $ 179.99 dollars per 24 hours

We are also offering an A2 60 Mh/s scrypt miner available for 24 hours rent.
•   BTC: .299 BTC each per 24 hours
•   Paypal: $ 139.99 dollars per 24 hours

Please fill out this google form to purchase time: https://docs.google.com/forms/d/1F6Pd6li9cgPR1uVvpuprNNzcCLdwtqvzl3qhGKDRY90/viewform
With BTC payments please send to btc address: 194DL15E6iK68QtteGfWbkDgFikCmMywpv
With PayPal payments please send to: [email protected]  
(Please note PayPal payments may take longer to verify)

Once payment has been received you will be sent credentials to manage the miner.  You can enter your mining information, and change it at any time during your rental.  Also a guide will be sent to help assist with setup if unfamiliar with the miner.

Currently we have 5 Dragon 1T miners to offer for rent in this program, 1 A2 90 Mh/s scrypt miner, and 1 60 Mh/s scrypt miner.  If by chance they are all already rented for the day on the miner you select you will be added to the queue in post below.   This queue will only be allowed to get a few day’s long to be fair.  If response is past a few day’s queue this post will be updated and google form will be locked until caught up

We value our customers and welcome feedback from this new rental system as you try it.