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Author Topic: Attention! Mt. Gox lags because...  (Read 432 times)
Phinnaeus Gage
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April 13, 2013, 10:16:00 AM
 #1

https://mtgox.com/press_release_20130404.html

Quote
We are still the largest exchange with over 420,000 trades per month and USD $121 million monthly trade volume.

See the problem? Allow me to do the math for you.

420,000 trades per month equates to 14,000 trades per day (calculating 30 days in a month).

<Now, don't get ahead of me!>

14,000 trades per day equates to 583.333333333 trades per hour.

<Front of the class, learn the back of the class that there are 24 hours in a day.>

583.333333333 trades per hour equates to 9.72222222222 trades per minute.

<60 minutes in a hour.>

Who can tell me what whole number 9.72222222222 rounds up to?
You are correct, Sally! 10, and cross your legs, I'm getting excited.

Now comes the tricky part: 10 trades per minute equates to 1 trade every 6 seconds.

<Your homework assignment is to show proof as to why this is true.>

And there you have it, boys and girls, proving that there's not a server in the world that can handle such a tremendous load--1 trade every 6 seconds.

<For extra credit.>

Write a paper on each of the terms written on the blackboard.

Code:
Slippage
Stop Hunting
Arbitrary Account Closures without Valid Reasons
Non-Payment of Trading Profits
Freezing Platforms

Class dismissed. And be careful out there!

<You can uncross your legs now, Sally.>
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Zaih
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April 13, 2013, 10:19:24 AM
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proving that there's not a server in the world that can handle such a tremendous load--1 trade every 6 seconds.

That couldn't possibly be right Tongue

But yeh, you can't really blame them when they're dealing with such massive volume
Teka
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April 13, 2013, 10:22:42 AM
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We should get these http://www.worldometers.info/ guys to add a "Bitcoin transactions per day" stat.
Phinnaeus Gage
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April 13, 2013, 10:23:06 AM
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proving that there's not a server in the world that can handle such a tremendous load--1 trade every 6 seconds.

That couldn't possibly be right Tongue

But yeh, you can't really blame them when they're dealing with such massive volume

Remember, the trading platform is separate from the account platform of which is a lighter load with the exception of when a bunch of people are wanting to sign up. If this is not the case, then they have serious problems.
Zaih
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April 13, 2013, 10:32:29 AM
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proving that there's not a server in the world that can handle such a tremendous load--1 trade every 6 seconds.

That couldn't possibly be right Tongue

But yeh, you can't really blame them when they're dealing with such massive volume

Remember, the trading platform is separate from the account platform of which is a lighter load with the exception of when a bunch of people are wanting to sign up. If this is not the case, then they have serious problems.

Hmm. Well you seem to know a lot more about it than me. In that case I'll take ya word for it!

Mt Gox I forgive ya!
Phinnaeus Gage
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April 13, 2013, 10:39:52 AM
 #6

Rewriting the quote, we now have...

Quote
We are still the largest exchange with ~1 trade every 6 seconds averaging $46.68 trade volume.

We can all now fully appreciate why lag occurs, thanking the Green Distant Star that that overworked server was given a well-deserved rest.
myrkul
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April 13, 2013, 02:27:28 PM
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Rewriting the quote, we now have...

Quote
We are still the largest exchange with ~1 trade every 6 seconds averaging $46.68 trade volume.

We can all now fully appreciate why lag occurs, thanking the Green Distant Star that that overworked server was given a well-deserved rest.
To be fair, these are averages. Trades tend to be very bursty, I wouldn't doubt that the peaks are very much higher, and the troughs much much lower than this.

Still... C'mon, guys, you've had how many millions of dollars in trade fees? You couldn't get one more server?

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
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Phinnaeus Gage
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April 13, 2013, 05:37:17 PM
 #8

Rewriting the quote, we now have...

Quote
We are still the largest exchange with ~1 trade every 6 seconds averaging $46.68 trade volume.

We can all now fully appreciate why lag occurs, thanking the Green Distant Star that that overworked server was given a well-deserved rest.
To be fair, these are averages. Trades tend to be very bursty, I wouldn't doubt that the peaks are very much higher, and the troughs much much lower than this.

Still... C'mon, guys, you've had how many millions of dollars in trade fees? You couldn't get one more server?

You think servers grow on trees? Ask Mark, he'll tell you, for he owns a hosting company.
Come-from-Beyond
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April 13, 2013, 05:54:06 PM
 #9

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Attention! Mt. Gox lags because...

...it lets them to manipulate the price.
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