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Author Topic: The MtGox Account Recovery Time Formula  (Read 1593 times)
Gabriel Beal
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June 21, 2011, 05:00:11 PM
 #1

If they are doing a manual verification process then this is going to take a long time.

Accounts * AvgTimeToVerify (in seconds) / NumOfEmployees

So, my guess is 60,000 * 60 / 5 = 72,000s to completion (8.33 full days of work).

Of course I'm just guessing on the last two numbers.  Anyone else have better information?

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jimrandomh
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June 21, 2011, 05:06:32 PM
 #2

I'm pretty sure that if only one person tries to claim an account, and it had a strong password, then it'll be handled automatically. Most of the accounts will fall in this category. There will probably be a small number of disputed accounts, though, and those will take a lot longer to sort out.
imperi
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June 21, 2011, 05:07:38 PM
 #3

You're also assuming that people don't have test accounts or abandoned ones.
TraderTimm
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June 21, 2011, 05:21:28 PM
 #4

They may also automate reactivation if the current balances are extremely small/near zero, which would save time.

(Just my personal theory..)

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Bitonetta
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June 21, 2011, 07:46:54 PM
 #5

And if there's only a single person doing the complete verification.
airdata
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June 21, 2011, 07:52:15 PM
 #6

You're also assuming that people don't have test accounts or abandoned ones.

Yeah, what percentage of 60k accounts are active right now?
dinker
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June 21, 2011, 08:04:55 PM
 #7

I dunno about now, but apparently only Kevin & hacker's account were active on that day.

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