Bitcoin Forum

Hello everyone,

We are a mining company based in Georgia Tbilisi, in the Free Economic zone, with low electricity cost and no taxes.
We are located next to Industry's Leader Bitfury's mining farm.

We just ordered 100 units of L3+ Miners and 60 units S9 Miners  with PSU's from BITMAIN Technologies.

They issued us with a invoice of 284 000$. As we are a Holding company, we used Bank wire transfer as a payment method.

Today we went to the bank to make a transfer and completed it. After few hours bank calls us and asks for the invoice from BITMAIN technologies as this was a insured transfer by us that cost extra 6K.

So what happens is that, invoice from Bitmain clearly says "IMPORTANT: Please only include the order ID in the bank deposit message in order to credit your account. And do not mention BITCOIN, ANTMINER or any invalid messages in case the money will be returned by the Bank)

So, as we didnt pay much attention to this message and send invoice to the Bank, and invoice says "Antminer costs" the bank has read this message and they refunded our payment asap, and they said there is no way they will make this transfer as basically we are telling bank just send it bank, but invoice clearly reads out ANTMINER costs.
All usd transfer goes through USA banks, so there is no way in world, that the bank ignores this message. How can we not mention these words, BITcoin or bitmain or Antminer if the invoice itself says so.

Some banks might ignore this message for transfers up to 10-15K, but our transfer is 284 000 USD, its more than a quarter of a million.

Company is not quite sure how to complete the order, we not even sure if we can trust this by paying 284K by bitcoins or litecoins.

What is the alternative guys ? Has anyone made such a big order from Bitmain and how did they proceed it with the bank ?

Do you guys think that sending this guys quarter of a million worth of bitcoins or litecoins is safe??

What happened is that Bank read the invoice, which says Dont mention it is transfer for Antminer, and invoice says Antminer costs,
Can you guys remove such a message from invoice???? You are basically saying to the bank, to lie to the bank and at the same time invoice itself does not lie

If anyone is from Bitmain at these forums, can they tell me whats happening? Why do you guys say not to Mention Antimner to bank when you clearly say it in the invoice that it is for 100 L3+ and 60 S9's????

Any help appriciated

How can we complete this payment if the bank asks for the invoice
and invoice reads out: Order for 100 Antminer L3+ and 60 S9, and at the same time invoice tells the bank not to mention word :antminer or bitcoin or any other crypto related thing"

We are so confused, we have a mining site of 1Mega watt electricity, with up to 1500 GPU's and we wanted to expand mining Bitcoin and Litecoin.

This is such a big trouble, that the money was refunded as SOON AS THE BANK READ THE INVOICE.

What can we do ?
Option 1: Delete this message from the invoice by photoshop or something similar
Option 2: Pay 284 000 $ worth of litecoin or bitcoin and pay them.

Company's shareholders are not very happy about buying 284K worth of bitcoins at CEX or localbitcoins and sending it to China.

I raised up to 800K for this business so far, 300K just sitting there to pay Bitmain and we just cannot do it.

We wanted to be diversified and mine allcoins possibly.

Any thoughts please

our website: www.BFGroup.io

Buy bitcoin, pay in bitcoin

Are you sure i can Send to them 284 000 K worth of bitcoins and its safe??

Who can I contact to make them cancel my orders, so that my stock which I ordered from previous orders (Once that bank didnt let through).
There is no more stock I think because my order has 3 day hold

Is anyone on these forums from Bitmain who can have a word with me ?
Its not 1 miner its about 160 Miners, which I though would be on a way soon..

Has anyone ordered by a wire transfer successfully before? Do you guys understand what Im talking about ? anyone has similar issuess?

I'm sure you can open a ticket with the account you used.

Considering it's a quarter million worth of hardware, they'll probably answer you fast enough.

Why it wouldn't be safe ? Bitmain will honnor the deal ... i'm sure they handle order bigger then yours.

I would be way more concern about how much board and units you gonna return for RMA but you will receive your gears.

EDIT: You need to check your order status in your account on bitmain web site ... they will not ship anything you didn't pay for.

Holy crap,for $6,000 you could FLY there & pay in person!!!!!!  ::)

I wouldn't trust any bank with that amount of money to send anywhere.........get a cashiers check or something........

That's an excellent point. If nothing else, get a trusted courier to deliver a cashier's check. Buying bitcoins is great and all but with exchange fees and volatility you could end up losing out on more than $6000.

And how could I pay this much amount ?
It is not like I  can carry this much cash in a suitcase to Hong-Kong. China

what you suggest guys?

Im really working hard on this project, I raised so much capital as CASH, because banks dont finance Mining in my country, even if they take land and all hardware as a collateral. Im working to make network larger and more secure for everyone in the world.
Running a mining farm that support 1-2 Mega watt of electricity is not a joke, its close to lightning a whole small town of up to 3000 houses 24/7.
I hope someone from Bitmain Tech sees my post and offers some kind of Help.

Buy bitcoins, put in a hardware wallet like Trezor (which I have) and transfer it from there ?
Which exchange do you suggest to buy this much of bitcoins ?
I'm fully verified on CEX.io but limit is 100 000 USD Per day.
I'm worried that my stock is gonna be out by monday.

Can anyone pay attention to me from BITMAN technologies.
I tried so hard to raise this much capital, I transfer and go home happy, and in 2 hours the money is refunded.

DOes anyone know why does this happen ? Is it Because of USA regulations about Bitcoin and mining and else ?
Why do they say in invoice something that contradicts the rules of how banks work ???

It got me interested, why shouldnt we mention that this money is beingwired for Antminers, and from Georgia (East Europe), not in USA.

I have few options unless someone advice me on something different, unless someone From BITMAIN Tech sees this topic and offers some help.

Everyone please keep in mind this is a large project next to Bitfury's mining farm. At free economic zone. please see website for more info: www.tfz.ge

We are trying to run 1 Mega Watt mining farm. We wanted to be diversified so thats why I went to Bitmain to be able to Mine Bitcoin and Litecoin with their S9 and L3+ miners.

In total project aims to have more than 10000MHZ of Ether power, 1PHs of SHA-256, and 50400 MHz of Scrypt power.
The company might even offer cloud mining services in Future (6 month time) or even better, let everyone from around the world have shares in our company, do crowdfunding after 6-7 month. Providing full logs of electricity costs per month, make monthly profits to potential investors. This I am talking about 6-7 months from now, and give people real picture of Cloud mining services vs owning shares in Real actual mining company.

So far investment of 800 000$ is made, that is enough for generating the above hashpower for mining Bitcoins and ALtcoins.

Now what I need is help from Bitmain company, the money is there, we just need your help to buy 100L3+ and 60 S9.

So about options again:

Option 1: Remove the IMPORTANT Message from BITMAIN invoice and giving the bank PDF file of invoice without that IMPORTANT Message that changes everything and is against the Rules and Regulations of how the banks work and then just try transferring money from different bank. (THis is gonna cost company 2K withdrawing money from one local bank and transferring to another and 2 working days, again Im scared of Bitmain being out of stock by then)

Option 2: Buy Bitcoins worth of 284 000$, transfer to hardware wallet Like TREZOR and make payment and wait.

Option 3: Leave Bitmain, and aquire 1000GPU More, Radeon RX580 8GB (We already got 500) and just mine Etherium, Zcash etc...
And not be diversified as my project aimed, to mine different cryptos to offer more flexibility and security to our investors.

Im The CEO and Founder of www.BFGroup.io and this project aims to be larger than 800K investment in less than 6 month time, and maybe do crowdfunding in future.

We were just so sure that we would have 100 L3+ and another 60 S9's in less than 2 month time. The site is already being built at www.tfz.ge Free economic zone, where electricity cost is 0.05 cents and no Taxes, if in future goverments decide to TAX this business indirect way. eg: expert calculating hashpower for each crypto and making assumption of profits and deducting 20% in tax. ITs Tax HEAVEN for crypto world basically, thats why Bitfury GROUP made their first farm there, in Republic of Georgia.

I am open to any suggestions and advice's,

This is a huge project guys, and in 6 months, everyone reading this post today will remember me, writing this posts as a newbie and asking for help and suggestions,

Thanks a lot everyone

CEO and Founder of Bitcoins and Funds Group LTD.
www.BFGroup.io
info@BFGroup.io
www.TFZ.ge (for everyone who wants to know more about what Free Economic Tech zone, where our land is located and the site is being built)

P.S. If people are interested, I can have photos of the site being built next to Bitfury, and follow processes of receiving stock GPU's building the rigs etc))

Ok,hire some body guards,get a cashier check for whatever amount you need,fly first class with guards to,China,rent bulletproof cars & ride to Bitmains office,hand them the check.....PROFIT!!!!!!!!!!!!  ;)

Don't the banks know anyways where the money is going just by looking at the Receiving bank account #.

Even if you don't put Antminer, Bitcoin, Bitmain, the banks know which bank account belongs to who.

So what would you suggest me to do ??
Pay in Bitcoins?
How can I cancel order to make a new Invoice for the payment

By the way: adaseb. Are you involved with Fortunejack, Europe-bet group Georgia is involved and two my other friends. (Jaba, and Irakli)

How much was your account ? I can try different bank on monday but more or less the same rules.

Are you sure it has gone through ? Im also scared they might be out of stock by then.

I would strike out any offensive text from the invoice and initial it.   

Then I would send the marked up (edited) invoice and ask the vendor to re-issue it and append an update to the invoice number

For example the original invoice was INV #2017101, so ask vendor to re-issue the invoice with the edits as version #2017101b

In this way the companies can both see the business logic flow in the invoice versions. 

The bank would be dealing with INV 2017101b as you request it.   



If you wanted to send a large Bitcoin payment and it makes you nervous, I would suggest that you send about 10% of the total and wait for the first confirmation and then send the second 10% and again, wait for the first confirmation.    Do this a total of 10 times and you will have sent the full payment.    It might take you a day, but that's OK.  This method of sending multiple partial payments arguably minimizes your risk of loss.    It is more clerical work, but that is OK - you get what you want and you reduce the risk of making one big irreversible mistake.


Good Luck!

1pTF5ypCY2Kg9cvEpmM4GsFc51V5x7YR6    Large tips always gratefully accepted :)

Once the order is placed in BTC, you have 1 hour to complete the transaction (pay all btc)

Some people had problems with sending Btc to expired address.

They won't cancel the bitcoins but then there is another issue that might pop up depending on who you buy the bitcoins from hidden fee's some exchanges don't tell you about, if the money is taken direct from a bank in stead of storing the cash on the exchange then buy the bitcoins like Coin base, so be care full fees can add up, so i found out the hard way one time ...  and most exchanges limit how much per day per week per month you can buy at first till you build rep / trust with that exchange . it can take 7 days to get those bitcoins though some exchanges.

bitcoins are nice to use but a real pain in the ass @ times to buy or can be ... why I usually only mine and sell, an have yet to have issue selling coins like i do if i try to buy btc with cash .

or

DO what Unacceptable said if you can afford that much for miners then buy a ticket to China fly there and deliver the check in person...if it's a worry about how to pay, once Bitmain has the cleared cash in hand, you will get what you pay for ....or agreed to

thanks for help guys

now 2 problems:
We dont have coinbase, i can use CEX exchange and wire money be bank, not use cards because of fees. but again daily limit is 100K, withdrawal + if they accept bank... So total of 4-5 days..

2nd option: taking a check, we dont have cashiers check in Georgia, banks dont do it. Only way is taking cash, with me, 500Euro Notes.
I told Bella about my options and will wait for her reply, on monday there are going to be some clearer picture.

P.S. We do have local BTC/LTC website, emoney dot ge, But I dont know If I can trust them with this much money and they just recently implemented 2FA authorization

I'm really stack guys, and need to give clear answer to BFGroup shareholders. I have around 500 units of RX580's coming, and I rejected an offer to buy another 1500 at very good price from Saudi Arabia, a country that nobody reached yet, because its very closed country, nobody can just travel there or wire money just like that, bcoz of high terrorism threat, they check every dollar transfer there. So what I managed to do import from Saudi Arabia was greatest thing about this project, but for some reason I chose to diversify between BTC, LTC and esherium zcash and altcoins and buy L3+ and S9 100units each....

Things went really bad for us with BITMAIN order, Bella's email really had doubts in my transfer, she asked if we were sure if transfer was successful, it was like if she knew about this problem with wire transfers. I doubt they can take that "IMPORTANT" message out that makes thinks go wrong with banks..

If there are few more people around who had order with Bitmain 100K+ or someone from Bitmain community. If i get more replys before monday afternoon...

anyway thanks everyone and I am willing to share, whole process of building this Medium-Large(up to 1 MegaWatt) mining farm: building site, cooling systems, receiving stock, installation, and monthly logs of electricity costs, hashpower, and mined coines...

BTW, I asked Bella If I could travel to their HQ to deliver cash in person, but in Euros, cant carry so much USD.
If they agree and hold my required stock, I will do that, and might share that info, maybe they will let me video their facilities, who knows, maybe this problems happens for good, and travelling and meeting them in person might solve future problems such as maintenance, miner problems, parts.etc...

Maybe they can put me in their "Good customer list"  ::) list for future orders, because in the end the project will only expand by adding more GPU's and Miners...

You spend that much on mining and don't know if it's safe to send that much in a BTC transaction? You trust the company with a wire, which isn't reversible, but don't want to send Bitcoin?  ???

I don't trust BTC either with THAT large amount,all you gotta be is 1 digit off & you've sent to a non existent address & YOU LOST it all!!!!!!!!!!

Or worse you send to real address that is owned by someone & again, YOU LOST IT ALL!!!!!!!!!

Get a cashiers check made out in their currency,take a flight with an entourage of backup & do the deal!!!!!!!!!!!

Don't say when your leaving to anyone....

Ain't rocket science!!!  ;)

Are you buying three hundred thousand dollars of mining hardware wondering if bitcoin transactions are safe?
SMH

You got it wrong.
Not me thinking its not safe, rather I need to tell my investors to buy BTC when I already told them to put 284K in BANK and transfer to Bitmain

Now I have to change things with them, people dont like change.

The problem is with - your - bank right? They are the ones refusing to Wire that amount of money for cyypto-currency hardware, in this case hardware explicitly sold for mining Bitcoin? Is the problem caused by your country's banking rules or just that one bank?

The USA banking system does not care if ANTMINER. BITCOIN, etc are mentioned. Frankly one rarely hears of this being an issue here and when it is it is because of a local bank policy.

Bitmain legally cannot and will not change information on sales orders/invoices that is required by a country's banking system. Or for that matter anything dealing with setting value for Customs Duties. If it is just that one bank deciding to not process the Wire Transfer - find a different bank that will do it ;)

Heck, since you are neighbors with BitFury, try to ask them what they do.

Why do you have to tell your investors to buy btc? Just buy the btc yourself with the 284k in the bank and then use the btc to buy the hardware from bitmain.

indeed it's the solution,i think it would be better if you convert it to Btc/Ltc to pay it other than goes to china directly,
don't tell me you didn't do that because you're afraid current price and affecting total sum of the investor ? (make a sense),
how about convert it 10% from total capital and using that to buy Bitmain then wait the items,if you satisfied order it again(sounds good and safe right?)
if you go to china directly with those money,it will only bring you unnecesarry trouble and endless sweat

Im also buy a large amount of s9....I pay it using bitcoin and it safe and fast method :D :D

This is very interesting check my PM.

I've done with them orders for 50k and above with wire transfer and with bitcoin also, in fact I'm dealing with them since S1s came out. They are not a perfect company to deal with, but 8/10 for sure. BTW my farms are located in Tbilisi too and I'm local, I'm running hosting business for only global customers and mining myself also as a full time job. Also consider that there are two biggest farms I've ever seen with 500+ S9s (I don't know who was their adviser and who did this stupid thing, they hired me after they ordered equipment) so be sure that it is possible to get what you want in Georgia from Bitmain without any issues.

So many things wrong with this post.

Does BTC send to invalid wallet addresses?

Isnt the point of all this Secure and Accurate Transactions?

If Blockchain is that flawed why are we doing any of this. Eventually if not already there would be million$ in invalid wallets?

They take Litecoin too.

Probably Ether as well.

Anyhow, i think im gonna pass on business with BITMAIN myself ,  If they cant reasonably handle this Guy's Quarter Million, They aint getting my $25K

You can use https://giga-watt.com/ they take wires and BTC, LTC, ETH. They host your miners, you pick the pools and own the miners and can have them shipped to you if you wanted. Their facilities https://www.instagram.com/gigawatt_mining/ (https://www.instagram.com/gigawatt_mining/) and you can go to their open houses they hold once a month to check out the facilities, they are in Washington state U.S.
You need to buy WTT tokens to get the 3.3c kwh rate and they are still for sale http://alturl.com/ugese  (http://alturl.com/ugese)

Avalon miners is also an honest company and shipping miners, they have a thread in this forum https://canaan.io/ (https://canaan.io/)

•I have preordered Antminer D3, Payment method by bank
•Should the bank account be in my name? Or does not it matter that the account is in the name of the beneficiary?

it is better to transfer funds from your name, but if you provide payment paper than you are ok, I've done it several times without any issues, I was just uploading payment paper every time to their support just to be sure everything is fine

But what does this message mean, in Bitmain Order Detail?
(IMPORTANT!: if the beneficiary name is incorrect,our bank cannot assign the funds to our account)

it means you should double check transaction, beneficiary name means bitmain's name, bitmain technologies limited

Yes, Bitmain's name has to show on the transfer exactly as they instructed.  Transfers are not like personal checks, where anything close will work for depositing.
Yet another reason why it's worth the time to set up on an exchange and transact in btc.  Or ltc, or dash.  Anything but fiat.  It's a sure way to screw up your order.

thank you bro  :)
So it can transfer funds to Bitmain account without importance if the bank account is mine or someone else

yeap, just don't forget to mention order number

Is this sarcasm? Btc transactions are safer than banks can ever be

Please tell me this is a joke. I won't pretend, I have sent more fiat equivalent than 284,000USD without problem. I am pretty sure alot of other people have probably sent more than 1,000,000 USD in BTC without a problem. I don't understand why you wouldn't pay for BITCOIN MINERS IN BITCOIN. This is an outrage!

Ask Bitfury to sell you gear. Bitfury is still in business of building mining equipment but only to commercial level farms now. Heck have you seen their portable shipping containers? They have liquid immersion cooling rigs (i think I read it was them) and their shipping containers start at 1 million. If your on their property I can't see why they would give you guys a deal.


And yes please do share some pictures of the build....We'd love to see.

Dude... I will modify the invoice for you if you want me to. Wont mention bitcoin or antminer or anything on it once I am done with it..lol. For realz though. If you are still having issues contact me.
Peace&<3
KayaMan

The next time you are making an order let me know.  I can get the order through for you.  I have been ordering for years and can help with your future orders in the future.  This is not an endeavor that you want to do in large quantities for the first time.