Bitparking PPCoin Exchange [closing]

[doublec]

The exchange is back up now.

[mpr20rt]

Am I reading Withdraw section correctly:

----------
Withdraw PPCoins

The maximum amount you can withdraw is 0.00000000 due to the withdrawal fee of 0.01000000 bitcoins to cover transaction costs. Enter a receiving address and amount to withdraw. The minimum withdrawal amount is 0.01000000.

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To withdraw 0.01PPC one needs to pay a fee of 0.01BTC?

[ehoffman]

Ah, I didn't notice this

Probably just a copy/paste bug.  It's the same on Bitparking trc exchange.

I've done trading there and it's really 0.01 PPC fee (network fee)...

[tosku]

I've done trading there and it's really 0.01 PPC fee (network fee)...

Yup, I can confirm that as well.

[doublec]

To withdraw 0.01PPC one needs to pay a fee of 0.01BTC?

Oops typo, well spotted. I'll fix it, thanks.

[doublec]

Oops typo, well spotted. I'll fix it, thanks.

This is now fixed. Thanks for reporting it.

[joele]

https://ppcexchange.bitparking.com/main
502 Bad Gateway

[doublec]

https://ppcexchange.bitparking.com/main
502 Bad Gateway

Thanks, fixed.

[doublec]

Recent events have shown that running an exchange is way to risky and stressful to me in the current alt coin climate. Prices have risen to a point where I'm not comfortable I can provide a reasonable level of service. To this end I'm closing the exchange and encourage all users to move to vircurex. The following details are on the exchange site:

2013-04-05: The Bitparking exchange is closing down. I've decided the risk involved in dealing with the current high prices for the alt coins has moved from the 'fun hobby' level the exchange originally started with and requires a more serious approach to operation. I've been in contact with the Vircurex exchange and I encourage all existing customers to move their funds and continue trading their.

The exchange will close trading Friday 5 April 2013 22:00 and new deposit addresses will not be able to be created. Trading operations will also be disabled. Withdrawals will be available for a few days after that at which point the exchange will close and all funds sent to their emergency withdrawal address. Withdrawal fees are removed during this period. Thanks for using the exchange and enjoy a better and more professional experience at Vircurex.

[FuzzyBear]

Really sorry to hear doublec, your exchange was actually my favourite well with BTC-e about to take on trc and PPC suppose things are getting pretty serious. 

Anyone need a vircurex referal link for cheaper fees on trading the here https://vircurex.com/welcome/index?referral_id=45-2213

Also can i just confirm as it been a number of months since i setup my account on TRC and PPC on your exchanges.... I take itthat the emergency withdraw addys were required for both BTC and the altcoin upon registration? I'll probably just wait for automatic withdraws if thatthe case as i'm off for a week as of today and access to wallets not going to be as easy, but don't want funds to get lost in the shutdown.

again sorry to see u go keep up the excellent pool mining work though please

[doublec]

Also can i just confirm as it been a number of months since i setup my account on TRC and PPC on your exchanges.... I take itthat the emergency withdraw addys were required for both BTC and the altcoin upon registration? I'll probably just wait for automatic withdraws if thatthe case as i'm off for a week as of today and access to wallets not going to be as easy, but don't want funds to get lost in the shutdown.

Yes, there was an address for both registered. For my users that don't have an emergency address I'll leave something up to enable them to withdraw their coins. I just did a run through of the PPC, TRC and LTC exchanges to make sure the hot wallets are topped up. Don't panic if the withdraw doesn't go through, the hot wallet may have dropped low and I'll top it up.

[tosku]

Thanks for running this excellent service for as long as it lasted.

[samson]

Why don't you sell the exchange instead of closing it down ?

I'm sure someone would pay you a good fee for it

[jubalix]

Also can i just confirm as it been a number of months since i setup my account on TRC and PPC on your exchanges.... I take itthat the emergency withdraw addys were required for both BTC and the altcoin upon registration? I'll probably just wait for automatic withdraws if thatthe case as i'm off for a week as of today and access to wallets not going to be as easy, but don't want funds to get lost in the shutdown.

Yes, there was an address for both registered. For my users that don't have an emergency address I'll leave something up to enable them to withdraw their coins. I just did a run through of the PPC, TRC and LTC exchanges to make sure the hot wallets are topped up. Don't panic if the withdraw doesn't go through, the hot wallet may have dropped low and I'll top it up.

The exchanges for PPC and TRC are staying open???

[samson]

Did vircurex buy you out to close it ?

[KrLos]

Thanks man, i buyed my PPC with you. Thanks!

[sangaman]

That's really a shame, I liked your exchanges a lot and a few of them seemed to get a decent amount of volume and were my favorite places to trade alt-coins. Would you be interested in selling your whole set-up - or maybe continuing on with a partner? I would definitely be interested, please contact me if you think there's any chance you'd be interested too.

[ninjaboon]

bye and all the best. there goes 2 ppc pools: bitparking and ppcpool.us.to

[Praxis]

See my message here for details on the closing of the exchange:

Recent events have shown that running an exchange is way to risky and stressful to me in the current alt coin climate. Prices have risen to a point where I'm not comfortable I can provide a reasonable level of service. To this end I'm closing the exchange and encourage all users to move to vircurex. The following details are on the exchange site:

2013-04-05: The Bitparking exchange is closing down. I've decided the risk involved in dealing with the current high prices for the alt coins has moved from the 'fun hobby' level the exchange originally started with and requires a more serious approach to operation. I've been in contact with the Vircurex exchange and I encourage all existing customers to move their funds and continue trading their.

The exchange will close trading Friday 5 April 2013 22:00 and new deposit addresses will not be able to be created. Trading operations will also be disabled. Withdrawals will be available for a few days after that at which point the exchange will close and all funds sent to their emergency withdrawal address. Withdrawal fees are removed during this period. Thanks for using the exchange and enjoy a better and more professional experience at Vircurex.

Thank you for running a great and reliable website.

[chriswen]

I can't believe it.  And vircurex is being ddosd.  And PPC spot price is so cheap on bitparking .