Bitcoin Forum

Economy => Trading Discussion => Topic started by: btcmind on April 21, 2013, 03:08:30 PM



Title: MtGox downtime recorded
Post by: btcmind on April 21, 2013, 03:08:30 PM
start downtime

~ 'Sun, 21 Apr 2013 14:30 UT'


Title: Re: MtGox downtime recorded
Post by: bitcoinBull on April 21, 2013, 03:15:01 PM
Let's DDoS people, everybody start hitting refresh. Go.


Title: Re: MtGox downtime recorded
Post by: btcmind on April 21, 2013, 03:30:03 PM
Today they made 12M US$ volume. At 0.20% fee that's an annualized rate of 8.6M$ of profit. That should buy enough servers to handle legit or illegit clients, depending on how powerful the other side might be.


Title: Re: MtGox downtime recorded
Post by: ronaldlee0917 on April 21, 2013, 03:32:50 PM
Consider how much they earn per day, the quality of service provided by them is infuriating. They act like a start-up.


Title: Re: MtGox downtime recorded
Post by: btcmind on April 21, 2013, 07:26:36 PM
lol. is Mark Karpeles investing the money in sushi shops? must be sitting on a great pile of cash by now.


back up 19:28 UT 5 hours down.

Price went from 120$ to 110$. Outages at these volume levels are inexcusable. we will see what happens at the next volume peak.


Title: Re: MtGox downtime recorded
Post by: QuantPlus on April 22, 2013, 12:32:52 PM
Today they made 12M US$ volume. At 0.20% fee that's an annualized rate of 8.6M$ of profit. That should buy enough servers to handle legit or illegit clients, depending on how powerful the other side might be.

They probably make 5-10 times that by manipulating the market...
Like engineering 10% price swings every few days.

They are a monopoly...
And they are not making squat on those "low" fees...
Read between the lines.