Bitcoin Forum

Just wondering, do these typically lag? I've never had BTC withdrawals lag so bad but lately I've had one take 18 hours, and another is now going on 30+ hours with no signs of processing.

Any insights?

30 hrs doesn't sound right .... can gox get any worse? I'd say use their support system but they often take a week to answer on that :(

I have a ticket open, awaiting a response (it's been about 6 hours).

Yeah, good idea. No idea how long they will take to answer though. I've had tickets never answered, tickets answered within 24 hrs. Guess it depends which way the wind is blowing in Tokyo

I have a withdrawal taking a long time. A much smaller withdrawal went through immediately, for what its worth.

To which country?

We're talking about BTC here not a different currency. Or do you mean they actually try to geolocate the owner of the address?

I've never seen anyone turn sugar to shit as efficiently as MtGox. What a sad story they've written.

MtGox takes an EXTREMELY long time to do anything.

The ONLY reason they are still around because they have the best exchange rates for BTC/USD.

The other exchanges beat them in every other category hands down.

Including claiming  they had rewritten their trading engine so it would lightning fast. Yet big lags still occur, even though trading is way down. Plus "we will incorporate litecoin trading in June 2013" or whatever the date was. Whatever happened to that.

Pathetic excuse for a company. But there are unfortunately still many of those in bitcoinland.

Don't worry. Just it has arrived after 48 hours.  :)

Oops still another withdrawal has not yet after 72 hours  :-[

My withdrawal is 24 hours now... no sign on blockchain at all. Is this normal?

Use this website to look up your withdrawal. This has happened before on Mtgox.

http://skanner.net/MtGox/mtgox_tx.php

Broken BTC withdrawals from Gox are piling up bigtime.  There are nearly 200 broken transactions -- totaling almost 4000 BTC -- and some have been waiting more than four days!!  Most are stuck due to outpoints already spent.

And yes, 25% of my own BTC are currently stuck (26 hours and counting).

This is getting serious... VERY serious.

Oh dear. This is getting dire. First fiat, now bitcoins. Are Gox finally on the edge of disappearing with everyone's money? It wouldn't surprise me. There was never any logical reason not to process international wires for six months, unless they wanted to collect peoples' cash.

I still stick to my prediction that in 2014 MTGOX will have some sort of crisis or an all out disappearance and stopping of trading etc.

I tend to think that is a very good prediction. All the signs are there now.

Mine is 48 hours now... did yours come through?

Not yet after 4 days but I'm rather relieved as the first one had.  :)

I have the same problem, now 48 hours.  I decided to investigate and pulled all the TXs from https://data.mtgox.com/api/0/bitcoin_tx.php - i found my receiving address in there.  I then transmitted all of the transactions to the network.. the outputs on mine and over 200 other ones have already been spent, and the network rejects them immediately.

Seems like a problem with double spending, which would imply a race condition within their code, so no kind of locking in place to prevent this happening.

MtGox - if this could be the case and you need advice on how to prevent it happening, please get in touch with me.  It doesn't matter which programming language you're using for this process I will be able to help you fix it if you need some help.

48 hours, and counting...  >:(

I don't think Gox are going to take you up on that offer for all kinds of reasons ;)

stop using that shitty company!

Already have. Wish others would heed your advise.

It hurts me seeing 36 million on there.

36 million what?

I am nearing 36 hrs. since I withdrew BTC.  My screenshot from Gox shows the withdraw to the proper address but like the rest of you, nothing has made the BC.  This is by far the longest I have ever waited.

Pretty sure this has been discussed in the past, and the concensus is that when a transaction becomes 'stuck' for some reason that's not clear to me (bug?  fee too low?) and never makes it to the block chain, then Gox will invalidate the stuck transaction (by creating a 'pay-to-self' transaction using the same outputs) before trying again.

My account is verified, and I made a BTC withdrawal on the 2014/01/25. The tx never made it to the blockchain, what is going on. Zero support either, for days. I am worried

I'm just 18 hours into my wait

For what - verification, BTC withdrawal, fiat withdrawal (lol)?

It is the btc withdrawal thread.

Good point. Has anyone had a quick BTC withdrawal in last week? By quick I mean 48 hrs or less ...

If you take out less then 10btc it might go right through.

https://bitcointalk.org/index.php?topic=431117.40

If little transactions are going through but big ones aren't, it's not a technical problem. They're broke.

I've had both 5 BTC and 16 BTC withdrawals get stuck.  Others have tried sending 10 test withdrawals of just 0.1 BTC each, and usually at least half of those are getting stuck.

Smaller withdrawals stand a better chance, but there doesn't seem to be much logic for what is failing vs. succeeding...

I took out my last gox bitcoin 2 days ago. It didn't show up in the blockchain for 24 hours. I put in a support request with a link to the absent transaction on blockchain.info 24 hours ago and it turned up in another 24 hours. Get out in small chunks while you can, I'd say.

Very suspicious large withdrawals are failing - this could be the final goxxing

I agree.

Does anyone know of another service that offers BTC/USD rates as high as they do though?

Seems that is the ONLY thing going for them right now.

There are some crazy rates on localbitcoins but that is because everyone can set their own rate. No centralized exchanges offer anything close to Gox, because they are functioning as exchanges :)

Looking at the Gox report (http://thegoxreport.com), I noticed two things:
1. the number of bad btc getting stuck in withdrawals from MtGox seems to be going up by about 5,500 btc a day, or roughly four million dollars a day.

2. Looking at the last chart, the amount of btc stuck looks to be parabolic, rather then linear, implying that every day more net btc are getting stuck then in the previous day. This also implies that whatever is going wrong at MtGox, it is only getting worse and worse every day.

Given these two points, what else is there to think then that Gox is finally at the end?

It's probably the same double spend bug as always just that it becomes exponentially worse when transaction volume increases.

This ain't no API bug.

Or do you think their wire / SEPA / Japanese bank transfer system has the same bug as well?

They are going down, and taking everyone's money with them.

Hello Mtgox
I have never encountered with delays transactions.
My 100 BTC so far lost.
I hope that this message will reach you earlier week.
I promise to spread this message everywhere including on the Russian forums.
Thanks
The sl317 user.

http://img-fotki.yandex.ru/get/9808/23942984.0/0_7a2b4_c90daff_XL.jpg

Look at the transaction hash they posted and review the BitCoin blockchain explorer.

Look up the transaction hash they posted against the blockchain explorer to see if it is legitimate.