MtGox downtime recorded

[btcmind]

start downtime

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

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[bitcoinBull]

Let's DDoS people, everybody start hitting refresh. Go.

[btcmind]

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.

[ronaldlee0917]

Consider how much they earn per day, the quality of service provided by them is infuriating. They act like a start-up.

[btcmind]

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.

[QuantPlus]

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.