Topic: [lee group]1980$! the sales of first batch hosted antminer s7(psu included) - page 26. (Read 67946 times)

My miners have not switched to pool2 or pool3 in three days so far (knocking on wood)...there have been issues with individual switches a couple of times.  This description of the Chengdu Data Center from page 1 of this thread sounds like they already have 2 fiber connections from different telcos and it reads as:

"The Introduction of CHENGDU Industrial Scale farm

Location
The farm located in Chengdu City, Sichuan province, where the whole building was rented.

Network
We use double WAN router from CISCO as our main router, and draw one 100M fiber from CHINATELECOM and another 100M fiber from CHINAUNICOM as back up. one 4G wireless internet was also ready for use once it is necessary."

Has anyone noticed a pattern after when the miners are doing reasonably good, to when they turn bad?

I see my miners have done decently today, and as China gets going, the problems have started of the miners using the third pool option(f2pool in my case). It just seems like the internet is not capable of handling what it needs to. Now that Neimeng is not used, will Chengdu get a second and hopefully different internet backbone that has better connectivity with the rest of the world or at least Singapore?

you need li's team to setup an account for you. the self registration process did not work for me either.

Strange...does it say anything in english when it fails?  Did you try a capital letter for your password like your forum ID shows or all lower case?  (nevermind on that, it is not case sensitive for me when I tested it).  I wonder if they got the right amount of gggg's when they put your ID in for your password?    PM Li again and ask him to look at it again.

Thanks for the information, tried to log in but no joy, tried the new user registration with my existing details and I'm now in but no miners listed

This is the Miner Monitor site, http://www.sprocess.com:10000/Bitcoin/Login.aspx.  If you have not logged in to this site yet, your Username (Mobile/Email) is your email you used with the Lee Group, and your password is your Lee Group forum username.  Li sets this up for everyone.  Once you log in, click on the Miner Monitor link on the left hand column of links to get to your list of miners and status.  I had trouble using Internet Explorer when I first tried; none of the internal links would do anything.  Li suggested trying a different browser and it worked with FireFox.

Same here, never received anything although until the last month the uptime has been good enough to not bother about.

I have no access to anything that allows me to see it anyway, just going by my own stats. Where are people viewing this downtime, I have emailed in and got no repsonse.

I never got a compensattion till now - plus I have no records for the 6 days downtime. Can you have a look at it please.

sorry for the missing from forum
we have closed neimeng data center and replace the miner with s5 in chengdu data center
we also update the network hardware in chengdu data center to improve the stability of the chengdu data center
it is true that the maintenance is a little longer than expected this month, we have asked the electrical provider and they said it just caused by the coming of  flood season. As you know, our electrical are provided by a hydroplane.

if anyone donot receive the compensation of April, send me a PM and i will check with our employee

I stand corrected on the reimbursement.  Better than I believed.

And that would make the numbers even better in a perfect world...

Li said that the monitoring was 2 hours off and will stay 2 hours offline while in the fact (edit missing word) you're back mining during that 2 hours.

After the first 14.4 hours of the month the compensation is 0.000416667 per hour of recorded downtime for each machine.  If one machine was down for 24 hours minus the 3 hours of "no record" it would come to 0.01000001 which is $2.38 (by this morning's BTC value) minus $1.416 is $0.96.  My "average" daily profit is $3.04 - $1.416 = $1.62 per machine per day so we are getting a fair shake on this.  In the NeiMeng 6-day outage for one machine it would be (with no other outage for the month):

6 x 24 = 144 - 14.4 - 3 = 126.6 x 0.000416667 = 0.05275004 = $12.55 for 6 days or $2.09 per day for one machine

That is a higher take than the $1.416 in daily host fees we pay Li per machine per day so I call that a positive day with a profit of $0.67 per machine.  On some days that beats what we get from our pools so we all need to keep a bit of perspective here.  If this were my garage and my cable internet went down for 2 days (been there) there would be no compensation at all!  If the Lee Group can get though this rough patch we will be on track again.  If we can get through the end of July without difficulty rising too much or BTC prices dropping too much I may actually see the ROI on this whole deal.  The Lee Group had the best deal around when it started at $340 and I'm glad I got in on it when I did.  I for one would like to see it continue without so much rain on my parade.  

Anyone looking to sell? I can do $350 for a couple. Let's do this!

you get compensated based on the average (last 30 days) BTC/hr your miner would have earned. as i said you can earn more than the average but it is fair approach Li is using to compensate for downtime.

here's a quote from an email Li sent out some time in the past:

" hello, everyone

many people concern about how we compensate the downtime
here is our solution
first, i want to point out that we will only compensate any downtime that exceed 14.4 Hours each 30 days(98% uptime) according to our user terms.
second, the compensation will be sent lonely to make our accounting easy.

1)we will collect host fee on 20th each month, please pay the host fee in full according to our bill, you need complete the payment before 1th next month.

2)we will calculate downtime on 1th each month according to our monitor system and send each customer a mail with downtime to let your guys confirm whether it is correct.

3)we will compensate the downtime in full via btc, the amount of btc we need to pay is calculated according the following equation
  C=(T-14.4*A)*E
 
  C: The amount of btc we need to pay
  T: The total downtime of all of your miner in hours
  A: The amount of your miners
  E: The amount of btc that your miner should mine within one hour, we will use the average value in 30 days

BTW, chengdu data center is performing yearly maintenace and will be offline for 8 hours on today and tomorrow. "

You are not "earning" anything. You are just going to get credited what you already paid for hosting.
Not what you would have earned for mining. Assuming all the downtime is calculated correctly. Big difference.

You guys are very gracious about losing your money.  I guess I'm less forgiving.

agree with @ clgrissom3

but can we get some info on what is happening at neiming? 5.5 days downtime and counting. this is turning out to be an interesting way to earn btc with your miners - mine through compensation

Everyone is entitled to their opinion.  Yes, we have been through a rough patch with the Lee Group over the past month.  Yes, shutting down a data center for a whole shift or a whole day to make unscheduled repairs is highly questionable, especially when it happens several times a month.  Yes, it can be frustrating when the internet gets squirrely sometimes.  Yes, I would love to see a better monitoring interface (and I have in the past).  But the bottom line for me is this set-up is a hundred times better than what I had when I tried to run 11 AntMiner S5s in my garage and watching my wife pass out each time she opened the electric bill.  When the temperatures got above 60 degrees outside around February I pretty much had to shut everything down to keep from starting fires.  I am doing well with my machines running in the Lee Group data centers and I consider it a victory when the maintenance only takes 12 hours instead of 24 hours.

I've looked into other hosting sites around the world to switch to and because of such costs as shipping, new PSUs, import fees, operating losses from the downtime of switching and shipping time, it would take anywhere from 19 to 35 months to recover back to where I am now.  Most sites are more expensive than Li so you never recoup the costs at those sites.  So, I choose to be positive about our current situation and I will continue with the Lee Group until profit drops below zero or Li chains his doors; whichever comes first.

Bottom line, what we really need to do is give the Lee Team a break because they do a pretty good job for the most part.  I don’t believe they enjoy struggling with the rash of problems that have cropped up over the past month and then having to deal with all of the bitching from us on top of that.  I'm pretty sure most of it was out of their control anyway.  If you can't deal with a few setbacks now and then, offer up your machines for sale and move on to other ventures; those listed for $300 yesterday sold pretty fast.

Currently whatever is going on with the internet that was repaired once or twice is certainly not a "good job". If it's not the internet, it's power, if not power, it's heat, if not heat, the miners were changed and put in a different location, if it's not that, it's maintenance/dusting time. I never understood why machines needed to be off for a dust-out, then after that they were overheating.

I have to take issue with "good job."  Weekly shut downs for maintenance is not a good job.  Inaccurate mining monitors that do not show what is happening real time, is not a good job.  Constant pool hopping by our miners due to poor internet connections is not a good job.  And inaccurate downtime recording is not a good job.
Additionally - I received an email last week showing the amount of credit owed for April which made no sense at all and did not even tie into what their own monitor showed for downtime hours.  I replied with a correction but have not heard from anyone nor been paid anything as of today.
So while the Lee Group has a good reputation, it's at risk because this past month has been a disaster.  From hosting to customer service to communication. 
Definitely not a "good job."