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We're looking at really slow transfer speeds. The transfer is going though, and is closely monitored by all of us, which is most important as it's better that it's moving along slowly than not at all.
We are estimating at least another 12 hours of complete downtime. This is a very rare occurrence, and a very tough restore. Unlike other restores, when sites go live as they get restored, this cannot be the case here. This is due to the server having a really hard time dealing with huge file sizes and still performing all the services of the shared server.
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