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Author Topic: 45+ minute lag on Gox - WTF??  (Read 743 times)
pyedpyper
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April 13, 2013, 08:47:36 PM
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Sell 0.1 BTC at market on Gox. Sitting there for 45 minutes. As yet untraded. Beyond pathetic!

(It's a test order to see if it's safe to trade my actual stash.) Takes about 30 mins to cancel...

Does anyone have any insights??

My response is to just get the hell out of the market, because it's too risky to be in when you cannot control your position. And I'm sure others are feeling this too.

So probably Gox is partly (and majorly) responsible for trashing the price.

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DeathAndTaxes
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April 13, 2013, 08:50:20 PM
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Why not use another exchange (even if it is just to sell everything)?  Why do you feel the need to use the worst performing exchange right now ... at a point where it is performing the worst ... and thus add even more load and make it perform even worse?

I honestly think many Bitcoiners have a form of battered wife syndrome "MtGox sucks, so let me use it even more, hoping it will stop sucking more in the future".
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April 13, 2013, 09:04:10 PM
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People are panic selling.. or buying and the gox can't keep up....

And its the weekend!

can't wait how next week will be...
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April 13, 2013, 09:08:08 PM
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Yeah it is going to be horrible next week unless MtGox gets their act together.  The sad thing is volume isn't even that high.

Of course MtGox stupidly still allows (as in you can do it right this very second) a user to place for example 1000 x BUY 0.001 BTC @ $100 orders instead of BUY 1 BTC @ $100 orders.  I was convinced in the last lag-freeze this was done intentionally to bring the engine to its knees.  Now on lower volume if someone wants to lag it all to hell they simply need to break their orders even smaller say 10,000 x BUY 0.0001 BTC @ $100.

If someone wants to they could keep MtGox permanently in lag regardless of how much actual volume is occuring.  MtGox does nothing.  No limits on max # of transactions (as opposed to max tx value).  No preventing multiple orders at the same price by the same client, no limiting order generation & cancellation throughput via the API (you can bulk create 10,000 orders then immediately cancel them, then immediately create another 10,000 orders, then immedately cancel them and just keep that loop going forever).
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April 13, 2013, 09:11:50 PM
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unless MtGox gets their act together.
When was the last time that actually happened?
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Michael, send me some coins before I hitman you


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April 13, 2013, 09:15:26 PM
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"Cooldown" makes me imagine Mark hovering over a giant steam-powered computer wondering why it keeps burning up all the oil. The photo is obviously sepia.

Don't mix your coins someone said isn't legal
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Gerald Davis


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April 13, 2013, 09:34:17 PM
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"Cooldown" makes me imagine Mark hovering over a giant steam-powered computer wondering why it keeps burning up all the oil. The photo is obviously sepia.

Maybe it is just the stress of maybe just the Jack Daniels but that made laugh.  It was the second sentence that put it over the top.
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April 13, 2013, 09:53:37 PM
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Does anyone have any insights??


Explanation here: https://bitcointalk.org/index.php?topic=175922.msg1832113#msg1832113
pyedpyper
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April 13, 2013, 10:12:58 PM
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Solution here: https://bitcointalk.org/index.php?topic=175966.0
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