[OFFICIAL]Bitfinex.com first Bitcoin P2P lending platform for leverage trading

[noggin-scratcher]

Had the same thing some days ago. It's a bug most likely caused by daylight saving times. I've posted about it here within the last 14 days.

It's actually -9 minutes what you're seeing (but displayed as +9) and counting to -60. I'm 99% sure that you'll have the money back in 51 minutes (counted from your 9 minutes)

I've seen the same thing at various times, but with no apparent connection to daylight savings and not as neat as exactly an hour.

It's the same display bug where negative numbers display as positive, but I'm pretty sure it can also happen in the space of time between when the swap was (strictly speaking) supposed to end, and when a scheduled "update/check all the swaps" batch job runs to actually close it.

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[SebastianJu]

Had the same thing some days ago. It's a bug most likely caused by daylight saving times. I've posted about it here within the last 14 days.

It's actually -9 minutes what you're seeing (but displayed as +9) and counting to -60. I'm 99% sure that you'll have the money back in 51 minutes (counted from your 9 minutes)

I've seen the same thing at various times, but with no apparent connection to daylight savings and not as neat as exactly an hour.

It's the same display bug where negative numbers display as positive, but I'm pretty sure it can also happen in the space of time between when the swap was (strictly speaking) supposed to end, and when a scheduled "update/check all the swaps" batch job runs to actually close it.

Didnt explain someone in here before that this has to do with bitfinex running a cron-job only each hour? This job then checks if a swap ended and closes it.

If its handled that way then i think its not good. I cant even see how they will calculate it in a fair way if your swap is hold longer than both parties thought.

[noggin-scratcher]

Didnt explain someone in here before that this has to do with bitfinex running a cron-job only each hour? This job then checks if a swap ended and closes it.

If its handled that way then i think its not good. I cant even see how they will calculate it in a fair way if your swap is hold longer than both parties thought.

I think it has to be more frequently than once per hour - I've not seen longer than about 20mins.

As for calculating the returns... I keep unnecessarily close track of what I expect to receive, and calculating it as if the return is paid for the exact duration of the swap has been successful enough to predict the daily payment to within a few cents of the actual figure (and it isn't all in one direction so it also averages out over time)

[SebastianJu]

Didnt explain someone in here before that this has to do with bitfinex running a cron-job only each hour? This job then checks if a swap ended and closes it.

If its handled that way then i think its not good. I cant even see how they will calculate it in a fair way if your swap is hold longer than both parties thought.

I think it has to be more frequently than once per hour - I've not seen longer than about 20mins.

As for calculating the returns... I keep unnecessarily close track of what I expect to receive, and calculating it as if the return is paid for the exact duration of the swap has been successful enough to predict the daily payment to within a few cents of the actual figure (and it isn't all in one direction so it also averages out over time)

So it averages out. The only downside of this would be if someone gives or takes an unusual big swap. Either the taker or the lender will have a disadvantage then. Though that might only be 1/50 of the amount.

Im not sure if the waiting time is the best strategy to lower server use.

I would prefer a more dynamic system anyway. Its not needed to only pay out once a day. Doesnt the taker have to pay instantly too? Otherwise he would be able to play with money he doesnt own anymore. It would be better if payments are moved from taker to lender at the moment the swap closes.

[noggin-scratcher]

It would be better if payments are moved from taker to lender at the moment the swap closes.

Might make more sense, but it would play hell with my attempts to keep track.

and I imagine it might also be quite a significant architectural re-shuffle on their end.

[dmitry51]

Hi there! Something is wrong with btc withdrawals. I cant withdraw my btc. It is processing more than 1.5 hour and nothing more.

[dmitry51]

Hi there! Something is wrong with btc withdrawals. I cant withdraw my btc. It is processing more than 1.5 hour and nothing more.

Hot wallet was empty. It is very unusual.

[WhatTheGox]

Hi there! Something is wrong with btc withdrawals. I cant withdraw my btc. It is processing more than 1.5 hour and nothing more.

Hot wallet was empty. It is very unusual.

It does happen sometimes i have found but generally doesnt take long and you always get your funds .  When i used to move alot of coin in and out i found maybe 2% of time had to wait a couple hours.  Still its pretty good.

[PRab]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Its been a couple of weeks. Any progress?

[darlidada]

will you ever add margin trading for dash? i wanna be able to short it

[ejinte]

will you ever add margin trading for dash? i wanna be able to short it

I think most people would short it.

[Timetwister]

Looks like its been a little over a year since the last Bitfinex Audit. Any word if/when another will be happening?

We will have an announcement in regard to this in the coming weeks. It will be a pretty big announcement and we're looking forward to it and hearing what the community thinks.  

Its been a couple of weeks. Any progress?

+1

[wamatt]

How does FOK (fill-or-kill) work? Can't seem to find a detailed explanation. Eg how long does it wait before being killed?

[picobit]

How does FOK (fill-or-kill) work? Can't seem to find a detailed explanation. Eg how long does it wait before being killed?

Disclaimer: I have never used it, and I may have misunderstood it.

AFAIK, FOK works by checking if the entire order can be filled immediately at the specified price (or better).  If that is the case, the order executes, if not it is cancelled instead.

http://www.investopedia.com/terms/f/fok.asp

[adaseb]

Is the site having some issues? I sold more BTC but my current positions balance, base price and liquidation price hasn't been updated, even though in the logs it shows the trade was executed.

[grrr]

Is the site having some issues?

I think so, at least I'm having trouble closing my positions.

[Spaceman_Spiff]

An update from a Finex employee would be appreciated. Thanks

[Morecoin Freeman]

The trading on bitfinex was definitely laggy and not a fun experience during those high volumes.
I also encountered some problems but luckily still managed to do well.

[bricky]

An update from a Finex employee would be appreciated. Thanks

+1

Several folk getting very concerned about the strange behaviour on the books over the last few days.
Some speed bumps with the alphapoint integration are to be expected of course, but a public acknowledgement of same would be expected too.

[picobit]

Is the site having some issues? I sold more BTC but my current positions balance, base price and liquidation price hasn't been updated, even though in the logs it shows the trade was executed.

Something seems to be very wrong:
https://www.reddit.com/r/BitcoinMarkets/comments/353yu8/bitfinex_having_serious_lag_issues_be_very/

Probably a major technical snafu - I assume they will have some rolling back to do.