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Topic: [lee group]1980$! the sales of first batch hosted antminer s7(psu included) - page 41. (Read 67946 times)

newbie
Activity: 55
Merit: 0
Batch five now 369 USD, hallelujah. Thank you hackers, thank you people, thank you everyone. Now let's hear from Lee and get those last 50 sold!


They removed 50$ per unit but also removed the free shipping, It's good for Lee.

Batch 4 didn't have free shipping either so let's see if Mr Lee will also drop the price...  Smiley
legendary
Activity: 1638
Merit: 1005
Batch five now 369 USD, hallelujah. Thank you hackers, thank you people, thank you everyone. Now let's hear from Lee and get those last 50 sold!

They removed 50$ per unit but also removed the free shipping, It's good for Lee.
sr. member
Activity: 294
Merit: 250
Batch five now 369 USD, hallelujah. Thank you hackers, thank you people, thank you everyone. Now let's hear from Lee and get those last 50 sold!

EDIT: I can't check on the shipping, account.bitmain.com is down with 502 cloudflare error. I guess hackers might not be happy with the result. But I can see $392.68 + $49.71, on dhgate, for credit card buyers Sad
legendary
Activity: 1638
Merit: 1005
Lee,
Bitmain has apparently dropped the S5 price back down to 369, are you going to adjust your price and if so what is it now?

They removed the "free shipping" and set the price to 369.

Great Lee i guess, not really if you are far away from Bitmain.
sr. member
Activity: 359
Merit: 250
Lee,
Bitmain has apparently dropped the S5 price back down to 369, are you going to adjust your price and if so what is it now?

No  Smiley
Just ordered - yes that would be interesting if you go down too?
hero member
Activity: 546
Merit: 500
Lee,
Bitmain has apparently dropped the S5 price back down to 369, are you going to adjust your price and if so what is it now?
sr. member
Activity: 294
Merit: 250
@philipma1957, you are ready to pay the $419 for the next one? How long is ROI then, taking the hosting fees into account?


I have no idea how I got the Bitmain email. It's scary that they got my email and I don't remember how. I guess I tested a purchase before.

legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
Lee I have 1 miner I need to change pools .


it is in

Chengdu

I will pm


I sent pm for the miner pool change.

 I am selling off ssd's and hdd's looking to get one more miner.  Maybe in a day or two.
legendary
Activity: 1722
Merit: 1032
Carl, aka Sonny :)
I see that the AntPool has some problems overnight and half my Lee Group S5s are dead on pools 1 and 2.  The other half of my miners are running just fine on the same exact pools.  The Lee Group team rebooted the miners that are having pool issues for me as soon as I notified them and it doesn’t fix anything.  Does anyone have any tricks that may help with this?

When I was running S5s in my garage, I could usually fix these kinds of problems by switching pools around and several reboots.  Once the pools came back to life I could switch the pools back to normal and everything would be golden.  Without this capability on my Lee Group miners it is difficult to do anything.
one simple way to avoid such issue is set one f2pool account as your third pool, we never have connection issue with f2pool

Cyber attack on Bitmain; who could have guessed that!  Fortunately I did have the f2pool as my third pool on 7 of my 11 miners.  I had pool3 issues on the other 4 that I had put off for a while but the Lee Group team was able to switch me to f2pool me very quickly on these 4 problem miners once I reported the issue and made the change request.  At the time, I didn’t realize there were attacks on the AntPool but I'm good for now.  Thanks again to you and your team Lee!
newbie
Activity: 55
Merit: 0
alright just got this email from bitmain.. looks like this might be the issues there..



"Dear Bitmain Customer,

This morning we received a concerning email from a group of hackers threatening Bitmain and our services with a DDoS attack and demanding a ransom payment to prevent the attack. Bitmain is committed to providing the best service possible to our users, and will not invite future attacks of this sort by giving in to the demands of hackers.

The hackers have demonstrated that they do possess the capability to execute a DDoS and that this is not an entirely empty threat, although we do not know the full extent of their capabilities. During the next few days, Bitmaintech.com, AntPool, AntPool.com, and&nbs p;Hashnest.com may experience intermittent outages. Our team is working hard to ensure that the effects of any possible attack will be as minimal as possible.

For those customers mining on AntPool, please make sure that you have configured your backup pools properly in the event that you are unable to access AntPool.

For HashNest users, mining payouts will continue as usual and there is no need to worry about lost revenue.

For sales, if you are unable to access our main website, you may contact us directly at [email protected].

Thank you for bearing with us during this time.

All the best,

Bitmain"


Best regards
d57heinz



Yep also got the email but my S5 didn't switch over to the 2nd pool so I bassicly mined nothing today untill I found that it was down and switched my local systems to another pool...
legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
alright just got this email from bitmain.. looks like this might be the issues there..



"Dear Bitmain Customer,

This morning we received a concerning email from a group of hackers threatening Bitmain and our services with a DDoS attack and demanding a ransom payment to prevent the attack. Bitmain is committed to providing the best service possible to our users, and will not invite future attacks of this sort by giving in to the demands of hackers.

The hackers have demonstrated that they do possess the capability to execute a DDoS and that this is not an entirely empty threat, although we do not know the full extent of their capabilities. During the next few days, Bitmaintech.com, AntPool, AntPool.com, and&nbs p;Hashnest.com may experience intermittent outages. Our team is working hard to ensure that the effects of any possible attack will be as minimal as possible.

For those customers mining on AntPool, please make sure that you have configured your backup pools properly in the event that you are unable to access AntPool.

For HashNest users, mining payouts will continue as usual and there is no need to worry about lost revenue.

For sales, if you are unable to access our main website, you may contact us directly at [email protected].

Thank you for bearing with us during this time.

All the best,

Bitmain"


Best regards
d57heinz

legendary
Activity: 1453
Merit: 1011
Bitcoin Talks Bullshit Walks
I think the connection issues you guys are speaking of is the firewall china has..  If the farm is located there that is why he can connect to f2 pool easy as they have a port 80 mining stratum..i think if the other pools had such a port it would be no prob for lee.. just a thought

edit  f2pool ports..  looks like they also have a low port 25 aswell..   https://www.f2pool.com/help

Best regards
d57heinz

legendary
Activity: 1638
Merit: 1005
I see that the AntPool has some problems overnight and half my Lee Group S5s are dead on pools 1 and 2.  The other half of my miners are running just fine on the same exact pools.  The Lee Group team rebooted the miners that are having pool issues for me as soon as I notified them and it doesn’t fix anything.  Does anyone have any tricks that may help with this?

When I was running S5s in my garage, I could usually fix these kinds of problems by switching pools around and several reboots.  Once the pools came back to life I could switch the pools back to normal and everything would be golden.  Without this capability on my Lee Group miners it is difficult to do anything.

I had the same problem for 2 days. (The first day was my fault) Both primary and secondary pool was dead for obscure reason. Lee didn't respond me back on my last PM yet but i'm pretty sure he did a reboot to fix it.

Not sure why you're having trouble with Antpool tho, my servers are in the US.

The S5 firmware might have an issue with the pool status. I don't know. I feel it shouldn't behave like that.

I feel the same pain, if I had access to the miner, it would have been fix really quickly.
legendary
Activity: 1006
Merit: 1000
SafeHaven.Finance
I see that the AntPool has some problems overnight and half my Lee Group S5s are dead on pools 1 and 2.  The other half of my miners are running just fine on the same exact pools.  The Lee Group team rebooted the miners that are having pool issues for me as soon as I notified them and it doesn’t fix anything.  Does anyone have any tricks that may help with this?

When I was running S5s in my garage, I could usually fix these kinds of problems by switching pools around and several reboots.  Once the pools came back to life I could switch the pools back to normal and everything would be golden.  Without this capability on my Lee Group miners it is difficult to do anything.
one simple way to avoid such issue is set one f2pool account as your third pool, we never have connection issue with f2pool
legendary
Activity: 1006
Merit: 1000
SafeHaven.Finance
we have added the fund monitor function to our system, when you login to check your miner status, you can also see the profit of our fund, which is based on the arbitrage strategy i said before, currently, we promise the profit will not lower than 1% per month, you total earning=1%+(total earning -1%)*20%
for example, like today, the fund net value is 1.0156, you will get 1+0.01+(1.0156-1.01)*20%=1+0.01+0.00112=1.01112.
Remember, 1% profit is promised, which means even we donot earning any money with this strategy this month, you will still get all of your money plus 1% interest.

.

I'm a little fuzzy on this - is this a separate investment fund that you set up, distinct from the mining operation?
yes, it is another invest subject, runned by our team, the money is on my account on okcoin market
legendary
Activity: 1006
Merit: 1000
SafeHaven.Finance
Your data center is 5MW and you have only 500units (~0.3MW)
Strange Chinese business..
we donot get all 5MW ready, since no so much miner,  5MW is the largest electricity this data center can offer, we get it ready step by step, if we are half full of our current room, we will get next room ready

And the question we are all aching to know, how close are we to a decrease in hosting costs? That is, how many more miners to sell?

My hope is that by selling the remaining units at $380, they would still quickly, and allow you to reduce the hosting costs.

Then you can sell new units at $420 (or even at a slight premium, because as you say they come with free PSU rental, no shipping costs, no maintenance, no in-home annoyance (for home miners) and even lower hosting costs.)

btw, please confirm that the PSU is a rental. If we own the PSUs (meaning we can have them shipped along with the miner), that changes things.
yes, the psu is belong to customer, you can ask me to ship it to you at the end of the host
legendary
Activity: 1722
Merit: 1032
Carl, aka Sonny :)
I see that the AntPool has some problems overnight and half my Lee Group S5s are dead on pools 1 and 2.  The other half of my miners are running just fine on the same exact pools.  The Lee Group team rebooted the miners that are having pool issues for me as soon as I notified them and it doesn’t fix anything.  Does anyone have any tricks that may help with this?

When I was running S5s in my garage, I could usually fix these kinds of problems by switching pools around and several reboots.  Once the pools came back to life I could switch the pools back to normal and everything would be golden.  Without this capability on my Lee Group miners it is difficult to do anything.
full member
Activity: 209
Merit: 100

Then you can sell new units at $420 (or even at a slight premium, because as you say they come with free PSU rental, no shipping costs, no maintenance, no in-home annoyance (for home miners) and even lower hosting costs.)

btw, please confirm that the PSU is a rental. If we own the PSUs (meaning we can have them shipped along with the miner), that changes things.

The mining costs per day should include the costs of the PSU. Even being a cheap one it'll hopefully last three years, and be warrantied for one. I think he was just overstating the fact that PSUs were included. I fully doubted that we were buying to PSU too, as the miners WERE priced great. The miner cost per day is way over electric use, so everything else is factored in.

Buying from bitmain shipping is included in the cost, according to everything I've heard. So no accounting for that please. I can't check now as their shopping cart ends up having a 502 cloudflare error for passport.bitmain.com(If someone is DDOS'ng that, well done protest!). For maintenance, I rather have the pleasure of changing things myself, then being stressed out that a miner needs something done to it, especially if it's down. As for the sound of the fan at home and the heat during the summer, yes that's an annoyance, during late fall, winter, and early spring, the money making heating is the best heating to have.

I really don't want a $40 power supply, and 100% think it's a rental. With one of these S5 at home, if it comes down to attrition, I'll use a different premium power supply for each side--the lower ones are building up as they just don't die out. And have no need of that shipping cost, if it fact it was included.

-----

I have no clue about that fund thing. I never noticed a promise of profit of 1% per month before here. But apparently, 400 shares at 1btc each can be obtained and earn at least 1% profit. I guess it's to fund more miners?


To be clear, my point was that purchasers are saving on the shipping costs, which can be quite substantial (to the US, anyway), and these are benefits he provides to the buyer (in exchange for hosting costs, of course). Also, I assume his shipping costs are considerably lower, as he's local.
legendary
Activity: 3220
Merit: 1220
I doubt Lee actually has 50 S5's that he bought at the lower price to sell. I think he had an agreement from BITMAIN to buy at a certain price if he comitted to buy X amount of them, but that all changed when they released the new batch of hardware from their farm for resale. Now he can probably only get them at the new price point.

I'm not pretending to know exactly what the business agreement was between them but this seems to be what he is saying when he talks about why his prices have risen.

Of course he might have them sitting there mining for him, waiting for buyers to take them at whatever cost he wants to charge. Nothing is beyond the pale in this industry Shocked
legendary
Activity: 4116
Merit: 7849
'The right to privacy matters'
he can't do 340   but 419 is steep.

I used to sell hdds on ebay.  when the flood happened a few years back hdd prices went crazy.  I had a lot in stock maybe 40.  1tb hdds had tripled in price.  I was in the same spot as lee.

So I sold my 40 hdds with a smaller price bump then anyone else on ebay.  Result they sold fast and people liked what I did. I made a little extra money and a lot of extra good will.

Once I sold out.  I found other ebay items to sell.


 So if you meet in the middle?   380?

you will sell them quicker then anyone else.  and when the 50 sell out you can collect hosting and not expand for a while.
that is the strategy we use, although we set the price as 419$ as the same as bitmain
but we actually much cheaper, first we have included the price for a 40$ psu, second we have 20-25 days ahead of bitmain
edit
if you check the chinese site of bitmain, you will find the price they set is 3000 CNY, which is 484$. as a matter of fact, i canot place the order on english site since it will add 17% tax

Not going to complain as bitmaintech is your supplier and they mave have asked you to sell at 419 not 380.
I will say when bitmaintech sold at 379 you sold at 340 and I did get 4 of them from you all lower cost then bitmaintech.

To all that are annoyed at bitmaintech remember buying coins is another option.

 To lee you sold a lot at 340 which was lower then bitmaintech once again I thank you for this.

 If you have 40 or 50 to sell you may as well hash them into your own wallet.
To us miners please remember this was caused by bitmaintech not lee.
On a business end none of us know if bitmaintech said to lee don't sell at 380 match our price.

We may as well let him mine with the 40 or 50 he has left and make some money for himself.

I have been with lee since April of 2014  he weathered the crash of LTC and alt coins did not screw customers.
He also dealt with the drop of btc from 600 usd to 200usd and did not screw customers.

None of us know what his supplier has asked him to do.  So I am cutting him slack on this.

I still don't like bitmaintech's new pricing as a miner, but as a business guy I see why they did it.
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