SinoHash second facility opens for preorder

[Rogerdale]

So what is this Ant S9 miner hosting fee about?



My understanding is that maintenance fee cannot consist of pure electricity, there should be also operational expenses (salary, profit, insurance). Hashnest probably can afford include electricity fees only, because they also get profit from AntPool and Bitmain. How does SinoHash make profit?

And how do I get paid back and on what basis (PPS, PPLNS)?

[usenet]

So what is this Ant S9 miner hosting fee about?



My understanding is that maintenance fee cannot consist of pure electricity, there should be also operational expenses (salary, profit, insurance). Hashnest probably can afford include electricity fees only, because they also get profit from AntPool and Bitmain. How does SinoHash make profit?

And how do I get paid back and on what basis (PPS, PPLNS)?

Rogerdale,

You mix some idea.

It is hosting.
You buy s9, you agree that with Eric first. S9 works in Sinohash.
S9 configuration is followed by your data, which you send to Eric (pool URL, worker).
Revenues from mining are transferred to your wallet, which you declare in the pool. You choose PPS or PPLNS in your pool.
Every month you pay Eric equivalent of $42 for electricity you need to S9. ( Power Consumption approx. (1.3kW*24h*30)*$0.045=$42.12 )

[Rogerdale]

Revenues from mining are transferred to your wallet, which you declare in the pool. You choose PPS or PPLNS in your pool.
Every month you pay Eric equivalent of $42 for electricity you need to S9. ( Power Consumption approx. (1.3kW*24h*30)*$0.045=$42.12 )

Thank you. Now I understand.

Eric, the facility is very close to the river and doesn't look like massive concrete buildings... Is it safe? Do you have insurance to withstand a flooding or a landslide like this: http://usa.chinadaily.com.cn/china/2013-07/14/content_16772875.htm I see on Wikipedia that precipitation level in Shimian during June and July is even higher than in Amazonian region.

[Eric Mu]

I did take flooding scenario into consideration when building the farms - that's part of the reason that both SinoHash farms are built on top of existing structures of the hydropower stations, as a result, they are more than three meters elevated from the ground - bear in mind these hydropower stations cost millions of dollars so the owners have much more at stake, surfice to say that sufficient measures have been implemented with efficacy proven by the continued existence of the hydropower stations.
The material is so chosen to suit the local climate. Strong wind is extremely rare as the region is surrounded by layer after layer of mountains; since they are built on top of buildings, light weight is appreciated.

[Eric Mu]

The farm is situated in a valley flanked by mountains. There are villages built on the slope on the mountain closer to the farm (the vintage point where I took some of the pics), the mountain on the other side a wide river and a road apart; in event of a landslide on the near mountain, it would be catastrophic as the land mass would destroy the village on its path first, most likely taking toll of the lives of hundreds of villagers who have lived there for generations, before it reaching down to the hydropower station, and collapse the concrete and steel structure underneath - very unlikely.

[Rogerdale]

How do you accept payments and how do you pay back to customers? I haven't found a "create account" link on the site... What is electricity cost at your facility? What mining pool are you using?

Payment can be sent either using bank wire or btc but the later of the two is much preferred.

Creating account is not needed. You can check the miners via your pool account.

Electricity including maintenance cost is RMB 0.3 or USD 0.045 per kWh.

You pick the pool(s).

Eric, are Ant S9 miners still available? I'm interested in buying and hosting one and pay in BTC. I've sent a PM to you.

[arruah]

How do you accept payments and how do you pay back to customers? I haven't found a "create account" link on the site... What is electricity cost at your facility? What mining pool are you using?

Payment can be sent either using bank wire or btc but the later of the two is much preferred.

Creating account is not needed. You can check the miners via your pool account.

Electricity including maintenance cost is RMB 0.3 or USD 0.045 per kWh.

You pick the pool(s).

Eric, are Ant S9 miners still available? I'm interested in buying and hosting one and pay in BTC. I've sent a PM to you.

I am interested too.

[Eric Mu]

How do you accept payments and how do you pay back to customers? I haven't found a "create account" link on the site... What is electricity cost at your facility? What mining pool are you using?

Payment can be sent either using bank wire or btc but the later of the two is much preferred.

Creating account is not needed. You can check the miners via your pool account.

Electricity including maintenance cost is RMB 0.3 or USD 0.045 per kWh.

You pick the pool(s).

Eric, are Ant S9 miners still available? I'm interested in buying and hosting one and pay in BTC. I've sent a PM to you.

I am interested too.

I failed to secure enough miners for my clients from the recent releases - they are sold out within a minute, literally.

[arruah]

I failed to secure enough miners for my clients from the recent releases - they are sold out within a minute, literally.

But it is still available to purchase on sinohash.com

[prcko]

What miners are available to buy is the better question? Are the new T9s available? As far as i can see on the bitmain site they are shipping them in 7 days.

[BitcoinNewsMagazine]

Read the whole thread and note here that Eric now has a ten miner minimum for new clients.

[Eric Mu]

I failed to secure enough miners for my clients from the recent releases - they are sold out within a minute, literally.

But it is still available to purchase on sinohash.com

The info on the website is often not up-to-date and I suggest you to check with me regarding availability and prices.

[kazikazan]

So, can't we get a "single" miner anymore? I know hosting one single miner is a little bit difficult but please consider the "minor" investors I believe what Eric is doing here. I was trying to host a single miner in his facility but since he is very busy and I'm a single miner investor we couldn't do that at least in 15 days. Due to lack of communication and etc. Now, Bitmain's all S9's are sold out, I don't have a chance to buy a miner and host it anymore.

I am asking on behalf of people like me, "minor" investors. Should we check time to time for opportunities or should not?

Cheers. 

[Eric Mu]

Dear users

As you may know that we have been building a new farm - one that has stabler power supply and better temperature control- but today we experienced an issue that didn't occur during the test run and it led to the main circuit breaker to trip multiple times. Eventually we decided to switch the power off. Our electric engineer already located the source of the problem and promised to fix it tomorrow.

Apologies,
Eric

[Eric Mu]

The new farm is now running stable after the fix. A small number of miners are not working after the relocation - if you have any miners missing, please let me know.

[twats]

What is your view on SegWit and Bitcoin Unlimited?

-twats.

[Wusolini]

Hi Eric, your service looks good. I think you've made a nice business model with bright future (especially with such low el. prices ) but as usual there are few questions to be answered before investing.

I'm interested to purchase some S9 (or Avalon741) but my local el. power price is to high to be profitable. That's why I'm looking for alternatives.

1-your web offers Avalon 7 for 750$ ( but canaan sells them fro 818$ at the moment ). Is your pricing correct or out of date? Do you offer buying A721 or A741?
ps: you should update the web more often ... eg. click on Avalon7 brought me to page ..."products/avalon-a6-1" (it's quite confusing, made me unsure this is updated)

2-as understand I do not need to purchase the controller nor the PSUs to use your service. Correct?

3-What happens if the miner purchased by me has some issues? Will you contact manufacturer and take care of warranty or is it my responsibility? Will there be difference when buying miner from you or directly from manufacturer?

4-Could you provide how long it usually takes since ordering miner from manufacturer to arrive in your facility and full deploy ( interested in Bitmain, Avalon or BW )

Thanks for reply, good luck.

EDIT:
few post above i see the web is not updated so often. Could you please provide actual price for Antminer S9 and Avalon 741 (when purchasing via your web)?

[Eric Mu]

Hi Eric, your service looks good. I think you've made a nice business model with bright future (especially with such low el. prices ) but as usual there are few questions to be answered before investing.

I'm interested to purchase some S9 (or Avalon741) but my local el. power price is to high to be profitable. That's why I'm looking for alternatives.

1-your web offers Avalon 7 for 750$ ( but canaan sells them fro 818$ at the moment ). Is your pricing correct or out of date? Do you offer buying A721 or A741?
ps: you should update the web more often ... eg. click on Avalon7 brought me to page ..."products/avalon-a6-1" (it's quite confusing, made me unsure this is updated)

2-as understand I do not need to purchase the controller nor the PSUs to use your service. Correct?

3-What happens if the miner purchased by me has some issues? Will you contact manufacturer and take care of warranty or is it my responsibility? Will there be difference when buying miner from you or directly from manufacturer?

4-Could you provide how long it usually takes since ordering miner from manufacturer to arrive in your facility and full deploy ( interested in Bitmain, Avalon or BW )

Thanks for reply, good luck.

EDIT:
few post above i see the web is not updated so often. Could you please provide actual price for Antminer S9 and Avalon 741 (when purchasing via your web)?

The prices are no longer up-to-date. Pls contact me at eric.mu@sinohash.com to get a quote.

[Eric Mu]

What is your view on SegWit and Bitcoin Unlimited?

-twats.

Sorry haven't been paying enough attention to warrant a legitimate opinion

[Eric Mu]

40 two months old S9s (13TH) ready for takeover. Price 11,000 apiece and pool flip within 24 hrs upon payment - no delivery time and mine quickly.