Baikal Giant X10

[ica7000]

I got an email and tried to send the wire transfer but the SWIFT didn't match and I also couldn't fill in the wire form completely.  The bank form only takes so many letters and a few of the details didn't match up.  (A strange detail but it made me worry)

I wrote back an apology explaining that I wasn't sure my transaction wouldn't be complete and I'll wait for DASH or LTC transactions. 

The response was pretty nice. 

In general, I've had good communications with them.  They even fixed my cube for 80 bucks. 

I just wish that they would have a smoother sales process. 

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[Roger Lau]

Anyone know 4 algorithms added of X10?
X11 is too bad to mine

[Frizz23]

Ugh, I read a bunch of reports by now about bank problems with baikal. Seems kinda strane, never had that with bitmain.

[jb7032]

I would love to see a normal website storefront and more payment options. In this day and age it would be nice to see creditcards, paypal, and crypto payment options. I know wire transfers are a pain and scary for a lot of people.

[Shorty2520]

I would love to see a normal website storefront and more payment options. In this day and age it would be nice to see creditcards, paypal, and crypto payment options. I know wire transfers are a pain and scary for a lot of people.

Indeed, but i think they do all this strange things to lower the tax.

[sevenmiles]

I would love to see a normal website storefront and more payment options. In this day and age it would be nice to see creditcards, paypal, and crypto payment options. I know wire transfers are a pain and scary for a lot of people.

credit card payment gateway, and paypal are very very experience for the merchants / sellers, and they usually need to pay 2 to 3 % of the transaction value, and paypal will add another 1 to 2 %... who wants that additional cost for small quantity high value transactions...
and maybe more importantly, to enable credit card payment or paypal, the merchant acquirers - usually banks will require very strict KYC (know your customer) process, which i don;t think most digital currency players are willing to go through 

[polyminer]

Welkome to Baikal my friend!
Just for fun you should read the thread in my signature.

Yup, sounds familiar to me. Ive once sent alot more than that for a bulk order. But at that time they were on top of the world dominating the x11 market.
They recieved my payment late, a few days late to be exact, issue was on their side. They told me they can not honor the quantity i paid for. But they will try their best and hope i get lucky if they have enough stock.
I told them to go fuk off and just send my funds back. Done. Never will support this company again. Even if they were selling real live unicorns.

Thanks @Tai_Pan, good read.

@Chan8, did they refund you?

[TunerDude007]

I would love to see a normal website storefront and more payment options. In this day and age it would be nice to see creditcards, paypal, and crypto payment options. I know wire transfers are a pain and scary for a lot of people.

As a merchant, paypal can quickly put you out of business. Paypal always sides on the side of scammers....but that a whole other story..

[cryptocoinhouz]

good thing that i stayed away and focus on Bitmain products only.

[jb7032]

Yeah because buying from bitmain is way less stressful. Oh wait 100s if not 1000s of people have tried and failed and wasted hours of their life trying to get their website to work during their announced releases. This product is 2-3 weeks late but I havent spent hours refreshing pages to no avail. The only part for me that was stressful was waiting for confirmation of wire transfer. I would have had this same stress with bitmain. In this current market trying to buy any new asic at a reasonable price and without stress is impossible. It really does suck for the average joe like me who is trying to progress their home mining setup and everything is set up to favor the big boys. In 2 weeks these units will be on the streets and people will be over paying for them like everything else. No reason to bash Baikal or Bitmain this is just the world we are living in. We are all free to leave if we want but yet here we are.

[nsummy]

I would love to see a normal website storefront and more payment options. In this day and age it would be nice to see creditcards, paypal, and crypto payment options. I know wire transfers are a pain and scary for a lot of people.

credit card payment gateway, and paypal are very very experience for the merchants / sellers, and they usually need to pay 2 to 3 % of the transaction value, and paypal will add another 1 to 2 %... who wants that additional cost for small quantity high value transactions...
and maybe more importantly, to enable credit card payment or paypal, the merchant acquirers - usually banks will require very strict KYC (know your customer) process, which i don;t think most digital currency players are willing to go through 

 I guarantee they spend more money in wasted man hours with their goofy process than any 3% fee.  Why not just pass the fee on to the consumer if they want to use a credit card?  Or a ACH transfer.  You can buy a $3000 television online with a credit card without issues.  I don't see why a $1500 miner should be different.  Considering these things are always pre-order it would be nice to be able to put it on a credit card which effectively gives you a free 30-50 days to pay.

[jb7032]

That was my thought as well. 1188 vs 1200 or 1215 with credit card. It can't be easy tracking all these wire transfers and making sure all orders match requested amounts and such.

[sevenmiles]

Yeah because buying from bitmain is way less stressful. Oh wait 100s if not 1000s of people have tried and failed and wasted hours of their life trying to get their website to work during their announced releases. This product is 2-3 weeks late but I havent spent hours refreshing pages to no avail. The only part for me that was stressful was waiting for confirmation of wire transfer. I would have had this same stress with bitmain. In this current market trying to buy any new asic at a reasonable price and without stress is impossible. It really does suck for the average joe like me who is trying to progress their home mining setup and everything is set up to favor the big boys. In 2 weeks these units will be on the streets and people will be over paying for them like everything else. No reason to bash Baikal or Bitmain this is just the world we are living in. We are all free to leave if we want but yet here we are.

cannot agree more...
especially on the wire transfer part, which is not really baikal or bitmain's issue, but the damn banks... all the banks, US banks, chinese banks, singapore banks...none of them could provide fast, transparent process of wire transfer...or  even secure...
just google "international wire transfer issue"... all the major us big banks provide really really POOR services...if you wait for 2 weeks and your fund is still not there, try to call the banks and wait 3 hours on the line, and finally someone answers, and will ask you for additional money to trace the transaction... seriously, i need to pay to ask where the hell my money is?
'

[Allats]

Guys, i just got this from the bank i wired the payment.
"Dear mr.....
I am writing to you from ..... Bank in connection with an ordered currency transfer from company account to Baikal Holdings in Hong Kong. Our colleagues from the Central Payments Department have informed us that the correspondent bank, The Bank of New York Mellon, requires detailed information about the counterparty as it may be included in a list of high-risk customers who may be carrying out unauthorized activity.
 
Please find attached the necessary information you must provide to be forwarded to the correspondent bank:
 
THE FULL NAME
AND ADDRESS OF BAIKAL HOLDINGS LIMITED (CITY AND
COUNTRY), OWNERSHIP INFORMATION (IF PRIVATELY
OWNED, ALL THE OWNERS NAME, ADDRESS, PLACE OF
BIRTH AND CITIZENSHIP/NATIONALITY / IF A
SUBSIDIARY, THE FULL NAME AND ADDRESS OF THE
PARENT COMPANY), ALL LOCATIONS (COUNTRIES) WHERE
THE ENTITY HAS OPERATIONS, THE RELATIONSHIP
BETWEEN THE ORDERING CUSTOMER AND BENEFICIARY, A
DETAILED PURPOSE OF PAYMENT. PLEASE ALSO EXPLAIN
ANY CONNECTION TO IZHEVSKY MEKHANICHESKY ZAVOD JSC
IN RUSSIA, VESSEL-BAIKAL AND VESSEL-SUCCESS.

Keep in mind that a reply should be sent as soon as possible.
In addition, please send us a contract for the purchase of the machines and / or an invoice from the supplier."

Any comments?

[Allats]

It is funny that the guys in baikal ask not to mention Baikal, and they provide an account in Baikal's holding name....

[Gongolo]

Guys, i just got this from the bank i wired the payment.
"Dear mr.....
I am writing to you from ..... Bank in connection with an ordered currency transfer from company account to Baikal Holdings in Hong Kong. Our colleagues from the Central Payments Department have informed us that the correspondent bank, The Bank of New York Mellon, requires detailed information about the counterparty as it may be included in a list of high-risk customers who may be carrying out unauthorized activity.
 
Please find attached the necessary information you must provide to be forwarded to the correspondent bank:
 
THE FULL NAME
AND ADDRESS OF BAIKAL HOLDINGS LIMITED (CITY AND
COUNTRY), OWNERSHIP INFORMATION (IF PRIVATELY
OWNED, ALL THE OWNERS NAME, ADDRESS, PLACE OF
BIRTH AND CITIZENSHIP/NATIONALITY / IF A
SUBSIDIARY, THE FULL NAME AND ADDRESS OF THE
PARENT COMPANY), ALL LOCATIONS (COUNTRIES) WHERE
THE ENTITY HAS OPERATIONS, THE RELATIONSHIP
BETWEEN THE ORDERING CUSTOMER AND BENEFICIARY, A
DETAILED PURPOSE OF PAYMENT. PLEASE ALSO EXPLAIN
ANY CONNECTION TO IZHEVSKY MEKHANICHESKY ZAVOD JSC
IN RUSSIA, VESSEL-BAIKAL AND VESSEL-SUCCESS.

Keep in mind that a reply should be sent as soon as possible.
In addition, please send us a contract for the purchase of the machines and / or an invoice from the supplier."

Any comments?

Amazing.
If you google "IZHEVSKY MEKHANICHESKY ZAVOD JSC", you will find that "Baikal" is a Russian enterprise and sells weapons.
I hope they are two different "baikal".   

[jb7032]

Im pretty sure their AK-47 department accepts bitcoin and/or cash as payment though. The pre orders get a free 100 round drum.

[Gongolo]

Im pretty sure their AK-47 department accepts bitcoin and/or cash as payment though. The pre orders get a free 100 round drum.

lol!

[radiogen]

we've got similar questions from banking system about wire, have asked baikal answer these questions but no answer from them.. what is the game to answer this questions by ourselves or just cancel the wire?

Please provide the following information of beneficiary:

1. Detailed purpose of the payment:
2. Attestation as to whether this transaction involves, directly or
indirectly, debt or equity, such as but not limited to: a loan; letter
of credit; securities settlement; extension of credit; discount
notes/bills; stocks, bonds or share issuances:
IF ‘YES’ TO QUESTION 2 ABOVE:
3. Please provide the date of issue and date of maturity:
4. Please confirm whether this payment pertains to the provisioning of
goods or services
IF GOODS:
5. Please provide a description of the goods:
6. Please provide the date of title of ownership transferring to the
party originating the payment
IF SERVICES:
7. Please provide the date of the final invoice with regard to the
provisioning of these services:
8. Please confirm location where these services were provided / are to
be provided (including country and region, city, town or village)

[Allats]

I am cancelling the wire first thing in the morning...