I gotta admit, its been a tough year.If the problem was really they ran out of money (someone correct me if I'm reading that wrong), then this should be a wake up call to all low end providers.
I gotta admit, its been a tough year.If the problem was really they ran out of money (someone correct me if I'm reading that wrong), then this should be a wake up call to all low end providers.
For sure, must of been a really tough time eh?I gotta admit, its been a tough year.
You still know if you will be out of money more than an hour before... the fact that people are still having to speculate why these a-holes skipped town an hour before getting everything ruined is inexcusable and so fkn wrong.If the problem was really they ran out of money (someone correct me if I'm reading that wrong), then this should be a wake up call to all low end providers.
I'll add a proper reply instead of being stupidly cockyIf the problem was really they ran out of money (someone correct me if I'm reading that wrong), then this should be a wake up call to all low end providers.
No one knows who's telling the truth. No one knows if their DC's pulled the plug or if they did.You still know if you will be out of money more than an hour before... the fact that people are still having to speculate why these a-holes skipped town an hour before getting everything ruined is inexcusable and so fkn wrong.
I concur with that. My point is that the DCs didn't just pull it without telling them what was going to happen. The idea that they only had the notice of 1 hour is not realistic. They had SOME IDEA of what was going on and could have told their customers.No one knows who's telling the truth. No one knows if their DC's pulled the plug or if they did.
Francisco
It's unlikely that CC was at 'suspend' territory with their account and they shut down on their own.I concur with that. My point is that the DCs didn't just pull it without telling them what was going to happen. The idea that they only had the notice of 1 hour is not realistic. They had SOME IDEA of what was going on and could have told their customers.
Exactly... but they never said, "We're cutting you off in ONE HOUR!" You knew that threat was looming long before that point and you knew whether or not you had the money to pay it. If not, you probably would've done the decent thing and told your customers before telling your DC that you were going tits up and to just flip the switch.Surely, they appeared to be fashionably tardy on their payments to their DC. Think 3+ months. Which is funny, because they weren't with that company more than maybe 6 months. I think Biloh commented to this effect on LET.
I *never* will understand why one little datacenter/colo/dedicated server operation is just happy letting low end companies get into big and multi month arrears. I swear it's the bait to accumulate customers and be first in line creditor.
I've never had an invoice go past maybe 3 weeks overdue. Always some shutdown/off ultimatum by that point. Heck was even like that when I was writing a $40k~ a month check to a datacenter.
The very statement you've said gets said every time someone implodes and disappears. It was said about hostrail, rackvm, uptimevps, clubuptime, etc. Any time you see people pushing out unrealistic offers, especially on rented equipment? It's a ticket to the grave.
Some providers try to offset this by selling more and more... and more resources for more or less the same price just to keep people signing up. It turns into a vicious cycle.
Indeed. I had been with them for several months and actually inquired about paying for a year up front just to secure my hosting with a little bit of a discount... stupid me.Basically its a kind of a ponzi scheme, but instead of securities there doing it with hosting, if you sign up for a plan when the host starts up you can probably have a really good run, but if your one of the poor suckers who signed up a couple weeks to even hours before the eminent collapse your screwed,
I don't know that most budget hosts who end up in this position have those intentions, I'm sure most of them don't because there really cant be any profit just trying to keep the lights on. But in essence its basically no different than a ponzi scheme, except in a Securities Ponzi scheme, the scam artist actually walks away with a good amount of money. I Cant see that happening with hosts who just keep digging a bigger hole.
Most calculate the margins too thin. They get a server and thibk that's the only cost, no buffers. What if you use over you bandwidth? What if you have no customers? What if many things aren't factored in.Basically its a kind of a ponzi scheme, but instead of securities there doing it with hosting, if you sign up for a plan when the host starts up you can probably have a really good run, but if your one of the poor suckers who signed up a couple weeks to even hours before the eminent collapse your screwed,
I don't know that most budget hosts who end up in this position have those intentions, I'm sure most of them don't because there really cant be any profit just trying to keep the lights on. But in essence its basically no different than a ponzi scheme, except in a Securities Ponzi scheme, the scam artist actually walks away with a good amount of money. I Cant see that happening with hosts who just keep digging a bigger hole.
Most assume that it's like the old days:Most calculate the margins too thin. They get a server and thibk that's the only cost, no buffers. What if you use over you bandwidth? What if you have no customers? What if many things aren't factored in.
This can only work if you do not have many competitors in the same location. What should a newcomer offer in L.A. which the allready settled providers there are not able to offer? The newcomer can only adjust the price and will fail shortly after.Most assume that it's like the old days:
- Make a crappy website or use a template
- put together some silly cheap offer
- fill a node right away