Having BTC withdraw issues now @ Gox.
Been waiting hours and have multiple BTC withdraws that still haven't showed up on blockchain.
On IRC they are saying that it's because of the large number of transactions that gox is processing right now (in the last hours or so over 2000 were performed allegedly).
Man, I think Gox's volume is now above Forex, first they overwhelm the traditional banking system, then they overwhelm the whole Bitcoin network, what's next? Gox's huuuuuuuge volume is going to make the earth implode? |
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Even BTC withdrawals are blocked
I initiated a 11 BTC withdrawal yesterday and contacted support 1h later since it had been confirmed but not processed by MtGox. Now 14h later still nothing !!
support answer: "... Few BTC withdrawals are delayed and the transaction should eventually go through. We will update you once the transfer is complete."
Obviously they are technically insolvent / broke if they cannot even perform BTC withdrawals !
Anyone else with the same problem ?
No, they are just overwhelming the BTC network with their huge volume, right sturtle? |
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Is anyone using BFGMINER with their Jupiter? What benefits (if any) compared to CGMINER?
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What happens when we hit 266?  You can imagine. A lot of USD trapped on Gox, and an increasing scarcity of coins, which usually preceeds bubbles... See graph below. After $266 -> to the moon.  |
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Bid sum steadily increasing and pairing up with ask sum. Good  |
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After waiting for nearly 4 weeks, I have asked them to cancel my sepa withdrawal, what they almost instantly did.
Then I bought some BTC and transferred them to my wallet.
This "artificial demand" drives the price higher and higher. Until the day MtGox goes bankrupt. Indeed, the btc price is only rising because most people cannot withdraw fiat. So the price is very artificial and will eventually deflate back to $100-$120. At current $230 price you would expect a lot of early adopters to cash out, earning millions. But gox can't deliver and other exchanges don't have enough cash. I agree that the demand on Gox is artificial, but the fact is that is well backed by huge action on both BTCChina and Bitstamp. In my opinion the problem with Gox going broke is the loss of confidence of big investors. Many big whales are still on Gox, the cash on Gox is still one order of magnitude bigger than on Bitstamp while the supply of coins is shrinking dramatically on all the exchanges. If Gox goes bankrupt many big investors will lose tons of money, and that will be a huge hit to the confidence on the whole BTC ecosystem. It's kind of a vicious circle, because for people to run out of Gox in BTC some other people need to have GoxUSD in the system.. . I for one pray for them to pull their shit together ASAP, but every day that passes is more unlikely in my opinion. If Gox goes busto the customers stuck in will be "Goxxed" for real, and we will have news on every media outlet about how regulatory pressure (Dwolla account seizure) and bad management/internal disputes (coinlab issues) made innocent investors to lose millions of $. What makes me extremely angry is that bastard at the head of the Bitcoin foundation who is holding onto $6M of Goxs customers money demonstrating he doesn't give a shit about BTC, he is just into maximizing his profit. If this falls apart, in my book most of the blame is on him and not on Karpeles. |
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Just tried new Armory on OSX, building database took aprox 30 minutes, next loads just a few seconds (5-10s) I've been testing it and everything works fine, only problem is that some fonts are cut (see pics below). This problem existed on my system on all previous OSX builds/versions of Armory. Did any OSX user find a fix for this?    |
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You just NEVER sell all your Bitcoins.
That's simply retarded.
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Had a small problem with 0.98, hashrate skyrocketed very hard on all the miners (some had a 35% increase in pool hashrate!) but the electricity it draws was too much for one of the UPS, which switched itself off.
Funny thing is that precisely into that UPS I had also plugged in the switch to which all my units are connected, so it brought down all the farm.
The obvious explanation is that the UPS couldn't handle the power drew by the miner with 0.98 + the 16 ports switch, but that's ridiculous because the switch shouldn't draw more than 10w and the UPS is 1500va, so it is supposed to handle with no problem 900w of continuous power.
I'm now testing a couple of units with 0.98 (the ones in which the increase was spectacular), and I rolled back to 0.97 on the rest. Will report later.
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OMG my Jupiters are flying with 0.98, the ones that struggled to reach 500GH/s at the pool are now well above 550GH/s after aprox. 30 minutes
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First of all: thanks to all for bidding. Unfortunately the reserve price I stated in the OP was not met (35 BTC), and thus for the time being I'll keep the units and mine with them myself.
I thank you all for your business and the trust deposited in me, if anybody is willing to meet the reserve price please PM me and we can discuss it.
Starting bid:
4@1BTC
..so clever to start auction with 1BTC and not with reserved price.) Reserve price and starting bid are two different concepts and have two different uses, I think it's fair as I stated the reserve price in the OP. |
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First of all: thanks to all for bidding. Unfortunately the reserve price I stated in the OP was not met (35 BTC), and thus for the time being I'll keep the units and mine with them myself.
I thank you all for your business and the trust deposited in me, if anybody is willing to meet the reserve price please PM me and we can discuss it.
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3 hours 25 minutes left.
Some users complained about the timer being inaccurate, so we will use the forum time in case of doubt or disputes.
To avoid situations like the one happened in my last auction, where one bidder missed the last bid for a few seconds, each bid will automatically extended the auction for 5 additional minutes.
Thanks to everybody and happy bidding!
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Bitcoin will be trading at 10K this time next year.
No it won't. Wanna bet 100 BTC? It would be good if everyone who makes wild speculations regarding bitcoin where faced with that bet, perhaps there would be less rubbish and more sense in the community! It's particularly funny it's rpietilla offering the bet. Lol, he didn't take the "300k by the end of the year" bet  |
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Bitstamp ain't gonna fix their api anytime soon?
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Highest bids so far:
Alfabitcoin: 1@29
Double spend: 3@28
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"If the two highest bids are 4 Jupiters @ 40 BTC and 1 Jupiter @ 45 BTC, then the first person will get 4 Jupiters and the second person will get 1 Jupiter."
...so 5 Jupiter in total.
Sorry, my bad, it's a typo. I wanted to write: "If the two highest bids are 4 Jupiters @ 40 BTC and 1 Jupiter @ 45 BTC, then the first person will get 3 Jupiters and the second person will get 1 Jupiter." This auction is for 4 Jupiters. Nevertheless, more units are available at the conditions listed in this thread: https://bitcointalk.org/index.php?topic=315781.msg3382043#msg3382043 |
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1 @ 22.5btc
Minimum increment per bid: 1 BTC Thanks |
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