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Comments
I wouldn't mind a price increase as long as it is not something like 200%
But I have to admit, the box is working surprisingly well since early December, when I bought it (after a small... fight with Piohost's previous owner in a LET thread)!
Well currently at those I/O speeds, I would say not even a 50% price increase is reasonable.
Its okay, it works for the price, but when they do nothing on the Hardware and increase the price, its a bad move.
10$ per year for 512MB and 40GB HDD, is a low, though...
Well I have yearly boxes for $2.99 USD for 512MB.
I would say 10$ is the beginning of the middle range.
You see still offers below that and providers survive it.
I guess its also a case how you look at it, I did spend today 10EUR just for food in a supermarket, which is like for some days.
And that thing runs 365 Days a year, hopefully.
But for LET yearly prices 10$, is the beginning of the middle range.
Look at VirMach, they had 5-7$ yearly boxes, still in stock.
Sums up this acquisition.
LOL who wants do. buy @vmhaus and what they want to buy? 4 rented dedicated servers? Wow you guy are still funny.
How about all the customers making him a healthy profit?
At the time you are posting here, we are setting up our 2nd NVMe node in UK with our owned NVMe drives
What profit can this be with this few servers? What was he offered? A bubble gum?
Wow I am thrilled! You own some hardware! I am sure you are playing with the big boys!
Someone woke up on the wrong side of the salt mine today.
Not at all! But but really who wants to buy @vmhaus does he believe what he writes?
Dunno but I have 4 nodes running making a profit of €300/month each, give or take a little. Depends on what services and type of clients you're serving.
Gratulation it's a nice side business, but how many takeover offers you got?
None, but I'm not in the hosting industry. It's just a value added service for my clients. Point is, when margins are low, and I'd expect them to be low for most hosts around here, profit comes at scale. So taking over a healthy and profitable small host isn't that bad of an idea.
Very true. A hosting company's assets are worth more to other hosting companies than to those just starting out since you can very often consolidate a lot of things and cut costs. Staff and other business overheads especially, and most hosting companies probably have a good chunk of their 'profits' eaten up by general overheads.
So a hosting company with a gross margin of 25% may have a net margin of perhaps less than 5% (or even loss making). But to any potential buyer, that 25% profit margin can be worth a lot.
Make sense when the company you buy is established on the market and not a few month old with 3-4 rented servers.
You guys do sure like to buy from random companies. Who was acquired by WHO?
Equinix was acquired by ColoCrossing, and ColoCrossing was acquired by Level4.
I suspect acquired = "please take it" in this context.
Play for pocket money and this is what happens.
To be fair - a company can be quite profitable, even with a few servers, that you either own or rent :-) Not sure if your LET mentality is taking up too much space.
For example I have a box generating more than 4000 euro profit every month, that's rather decent I guess :-) Then multiple by 12 - that's 48k
Isn't that OK?
Sure I have other boxes doing less, maybe 1-2k per month
Maybe just realize that some people can actually make money - and VMHaus is one of them.
@Rhys
Discord cancer strikes again? Stay in your holes, kiddies!
comment retracted
That was uncalled for.
Sure, like the comments from you and Amitz in general
It goes both ways sir.
Yeah, because calling Discord a cancer is entirely on a par with hoping to give a person cancer.
Discord disgusts me so very, very much.
I agree. That's a very new low here I've seen here today. Just wow.
Yes but I guess it depends on the box. Must consider cost of the box (operating and upfront costs) and the lifetime (long term sustainability) of the box. Ultimately what matters is margin and scalability.