Pics of Huge Hosting Mine Under Construction, (Dec 2015 Update: We've moved) - page 9.

timk225

hero member

Activity: 955

Merit: 1004

Ya rly.

Anyone thinking of spending X amount of dollars on ASICs should do this:

Take (X/2) of the dollars you were going to spend on ASICs, and Paypal it to me. Then don't get any miners. At least that way you will still have half your money and you'll know exactly where the rest of it went. Roll Eyes

iglasses

legendary

Activity: 1148

Merit: 1000

It's rather shocking to me that someone shipped tens of thousands of dollars of hardware & paid upfront however much more the year of hosting was to a Company that only existed in some pictures on BCT and a web site that anyone with more than 5 minutes of practice could create.

CryptoCoin2015

newbie

Activity: 39

Merit: 0

We see, that they did put some more machines online, like 5 or so. So, out of our 100 S5 there seems to be 23-25 online.

We have a call tonight, I will post the answers to the why's here.

Jamphone

full member

Activity: 125

Merit: 100

If I had to guess, I'd say it is a cooling issue. Temperatures are just cracking 20 degrees there. They're dependent on AC, and seek to "cool the room" rather than an air flow design. Keeping the room below 30 degrees when its already 20 outside would be an incredible struggle.

coinits

legendary

Activity: 1582

Merit: 1019

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Quote from: timk225 on April 21, 2015, 06:29:56 AM

Either the mining facility has a good internet connection, or they don't. Either they have electricity, or they don't. So where does this crap about 20% hashing power com from? If some switch gear failed, all they need to do is reprogram / replace the affected switches to get it back online. That does not take days, unless they had to order parts.

With every passing day I grow more suspicious of this big farm's ultimate goal. Part of me wonders why they would do that extreme amount of work if they intended to scam and run with the money and hardware in the first place, but who knows, maybe someone there has a drug habit / gambling problems / went to jail / got a pregnant girlfriend / changed their mind.

I have no money in the place, so I have no stress about it. But I'd laugh my ass off if the people running that mining place made a final post showing empty racks, all the ASICs gone, stuff strewn all over the floor, and a message saying "thanks for the free ASICs and money, we're outta here" or words to that effect.

The only ways that I can think of to only have 20% HP is because they do not have the infrastructure to handle the power and/or not enough money to pay for it or the power bill.

timk225

hero member

Activity: 955

Merit: 1004

Either the mining facility has a good internet connection, or they don't. Either they have electricity, or they don't. So where does this crap about 20% hashing power com from? If some switch gear failed, all they need to do is reprogram / replace the affected switches to get it back online. That does not take days, unless they had to order parts.

With every passing day I grow more suspicious of this big farm's ultimate goal. Part of me wonders why they would do that extreme amount of work if they intended to scam and run with the money and hardware in the first place, but who knows, maybe someone there has a drug habit / gambling problems / went to jail / got a pregnant girlfriend / changed their mind.

I have no money in the place, so I have no stress about it. But I'd laugh my ass off if the people running that mining place made a final post showing empty racks, all the ASICs gone, stuff strewn all over the floor, and a message saying "thanks for the free ASICs and money, we're outta here" or words to that effect.

alh

legendary

Activity: 1846

Merit: 1052

Quote from: toptekk on April 20, 2015, 07:11:51 PM

wow nice whats it going to start at 70 PH or more ?) .

No way to know, since it's a hosting facility, and not a private mine. Also based on the comments from the last few days, it may be at closer to 0Ph for now. Nice pictures, not sure about the actual result.

toptekk

member

Activity: 112

Merit: 10

wow nice whats it going to start at 70 PH or more ?) .

CryptoCoin2015

newbie

Activity: 39

Merit: 0

Quote from: coinits on April 20, 2015, 01:12:05 PM

A good sign. Keep us updated.

Not really. After some mails last night no contact for the whole day and no improvement of the situation either.

So, for the moment: Keep your hands away. They seem to be to be overwhelmed by their troubles and their incompetency in solving any issue in time or proving a reliable ETA for resolution is no foundation at all for new customers to consider their services.

Need to find a good lawyer in Washington State, so if anyone got any recommendations Wink

Are there other agencies to whom this should be reported? As it is B2B I guess no one is really interested in pursuing this other than us taking this to court?

coinits

legendary

Activity: 1582

Merit: 1019

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Quote from: CryptoCoin2015 on April 20, 2015, 10:27:37 AM

Quote from: CryptoCoin2015 on April 18, 2015, 06:07:30 PM

Well, I think it is only fair to state, that they now provided an update on the situation, which reads in short as:

- the network crashed
- it had to be rebuilt and this work has been completed
- adequate power, cooling, and networking to hash has been restored

There seems to be a particular problem regarding spoondoolies remaining, which may require more invasive procedures (reflashing).

There is still non of our S5 online, but I keep you updated here.

Matters seem to stabilize now. We have like 20% of hashing power online.

So, IMHO any take-the-money-and-run scenario is off the table.

What remains is the impression, that their business is being run by inexperienced rookies, that are making their first attempts at running an operation of this scale.

I value their courage and hope, that they get everything straightened up by this week. I am always for second chances.

I will update, when we see 100%

A good sign. Keep us updated.

CryptoCoin2015

newbie

Activity: 39

Merit: 0

Quote from: CryptoCoin2015 on April 18, 2015, 06:07:30 PM

Well, I think it is only fair to state, that they now provided an update on the situation, which reads in short as:

- the network crashed
- it had to be rebuilt and this work has been completed
- adequate power, cooling, and networking to hash has been restored

There seems to be a particular problem regarding spoondoolies remaining, which may require more invasive procedures (reflashing).

There is still non of our S5 online, but I keep you updated here.

Matters seem to stabilize now. We have like 20% of hashing power online.

So, IMHO any take-the-money-and-run scenario is off the table.

What remains is the impression, that their business is being run by inexperienced rookies, that are making their first attempts at running an operation of this scale.

I value their courage and hope, that they get everything straightened up by this week. I am always for second chances.

I will update, when we see 100%

timk225

hero member

Activity: 955

Merit: 1004

And you're stupid enough to believe that steaming load of horseshit? They ran with your money, man. They will keep making these lame network crash excuses as long as you are willing to believe it, to give them time to bail with your dollars. I have been telling people for over a year here not to buy ASICs, and people call me a troll and like that.

This is just the first step of me being proven correct.

And you know how people say "I hate to say it, but I told you so"?

Well, I do NOT hate to say it! I TOLD YOU not to do it, and everyone trashes me for it! I am now being proven right and am laughing at everyone dumb enough to piss money away on buying ASICs. This especially includes dmward.

CryptoCoin2015

newbie

Activity: 39

Merit: 0

Well, I think it is only fair to state, that they now provided an update on the situation, which reads in short as:

- the network crashed
- it had to be rebuilt and this work has been completed
- adequate power, cooling, and networking to hash has been restored

There seems to be a particular problem regarding spoondoolies remaining, which may require more invasive procedures (reflashing).

There is still non of our S5 online, but I keep you updated here.

CryptoCoin2015

newbie

Activity: 39

Merit: 0

Well, for us it was simple: We never had any issue with any american company we did business with, ever. So that was the upfront credit of trust we gave them.

I would have expected this shit in Europe, where you should trust no one but germans and scandinavians Wink

So, I still hope for a wake up call for those guys. It is not too late after all.

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: CryptoCoin2015 on April 18, 2015, 01:22:48 PM

We did pay upfront for a leasing term of 12 month, so they could buy the hardware. We are in Europe, so shipping would not be an option.

I did see the hardware being shipped by tracking code and had access to all purchasing documentation. So I strongly believe, they have bought the hardware.

I also believe, that they have the best of intentions but at some stage during the last two weeks something must have become royally fucked up.

I think, they have just the wrong strategy to deal with these kind of problems. Instead of providing full transparency and realistic deadlines, they probably believe themselves, to get all issues solved by magic overnight. I could live with a realistic estimate, that says we need to wait two more weeks. But constantly moving deadlines is the worst case.

I think, that they probably fucked up measurement of their cooling capacities, network bandwith and whatever.

As said, can't say for sure, as they do not communicate since 72 hours.

I duuno how hard it is to set it up. All is a pretty straight forward process. I am of the opinion to never pay upfront for something from someone that does not have a track record. They have to earn that level of trust. For example, Bitmaintech. I have no problem paying them upfront. Their track record speaks for itself. You probably should have used their mining service. Yeah I know, hindsight is 20-20.

CryptoCoin2015

newbie

Activity: 39

Merit: 0

We did pay upfront for a leasing term of 12 month, so they could buy the hardware. We are in Europe, so shipping would not be an option.

I did see the hardware being shipped by tracking code and had access to all purchasing documentation. So I strongly believe, they have bought the hardware.

I also believe, that they have the best of intentions but at some stage during the last two weeks something must have become royally fucked up.

I think, they have just the wrong strategy to deal with these kind of problems. Instead of providing full transparency and realistic deadlines, they probably believe themselves, to get all issues solved by magic overnight. I could live with a realistic estimate, that says we need to wait two more weeks. But constantly moving deadlines is the worst case.

I think, that they probably fucked up measurement of their cooling capacities, network bandwith and whatever.

As said, can't say for sure, as they do not communicate since 72 hours.

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: Repunza on April 18, 2015, 12:56:57 PM

Where's the butter for the popcorn?... This should be good Tongue

Popcorn yes

Good is not how I would describe it but I know what you mean.

*sigh* I hope and pray that this is not another scam.

Scams are going to bring regulations so stringent it will drive a lot of ingenuity out of the crypto space. Scammers are the enemy.

Repunza

sr. member

Activity: 357

Merit: 250

Where's the butter for the popcorn?... This should be good Tongue

coinits

legendary

Activity: 1582

Merit: 1019

011110000110110101110010

Quote from: CryptoCoin2015 on April 18, 2015, 12:31:23 PM

Yes, unfortunately its pretty bad.

I am not even sure at this stage, if there is a datacenter at all.

We made a contract with them for 100 S5 and since our upfront payment, nothing ever worked, no deadline was ever met and since two days, communication ceased to exist.

Beforehand, we got a lot of emails and phonecalls, if we get the contract done and if our payment has been done. After the contract had been made and the payment was done however, we had a hard time reaching anyone at all. Deliveries were late, PSUs had been shipped late, PSUs weren't cramped in time, heat was suddenly a problem, network routers that were faulty were suddenly a problem. And since 2 days, their EMail server seems to be a problem too because I get no reply any longer.

Of course, I would love if I am proven wrong and everything turns out to be human errors and that they manage to get their operations up and running again.

But for the moment being, I honestly cannot recommend this service. Lets hope everything works out as expected and that I will be able to reverse my opinion.

Did you purchase and send 100 S5s to them or did you rent 100 S5s?

CryptoCoin2015

newbie

Activity: 39

Merit: 0

Yes, unfortunately its pretty bad.

I am not even sure at this stage, if there is a datacenter at all.

We made a contract with them for 100 S5 and since our upfront payment, nothing ever worked, no deadline was ever met and since two days, communication ceased to exist.

Beforehand, we got a lot of emails and phonecalls, if we get the contract done and if our payment has been done. After the contract had been made and the payment was done however, we had a hard time reaching anyone at all. Deliveries were late, PSUs had been shipped late, PSUs weren't cramped in time, heat was suddenly a problem, network routers that were faulty were suddenly a problem. And since 2 days, their EMail server seems to be a problem too because I get no reply any longer.

Of course, I would love if I am proven wrong and everything turns out to be human errors and that they manage to get their operations up and running again.

But for the moment being, I honestly cannot recommend this service. Lets hope everything works out as expected and that I will be able to reverse my opinion.

Topic: Pics of Huge Hosting Mine Under Construction, (Dec 2015 Update: We've moved) - page 9. (Read 54181 times)