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Author Topic: MtGox bitcoin withdrawal delay >:(  (Read 36275 times)
Nemesis (OP)
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November 04, 2013, 07:31:41 PM
 #1

Has anyone withdrawn btc from MtGox in the past 24hrs? Did you receive your btc? or is the transaction even broadcast or seen on blockchain.info?

Has it been like this recently?

Fiat money withdrawal delays are due to regulation but BTC too ? whats taking them so long?
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November 04, 2013, 09:48:59 PM
 #2

Happening for me now. Tried to withdraw 17BTC yesterday (37 hous ago) but there is even no any new transactions on blockchain.info for now.
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November 04, 2013, 09:52:16 PM
 #3

Its not first time I hear there are few day delays last months at least to some users.

I believe your BTC transfers are safe
trade-for-pokermoney
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November 04, 2013, 11:37:36 PM
 #4

same thing here... withdrew and nothing got broadcast to the network

had to cancel my SEPAs and i am major pissed right now.....

How can a multimillion USD company fail at so many simple things?


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Shallow
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November 05, 2013, 05:12:42 AM
 #5

How can they not have your bitcoins??? They better not fail when i try to withdraw

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justusranvier
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November 05, 2013, 05:17:49 AM
 #6

How can a multimillion USD company fail at so many simple things?
Back in 2011 they failed by having too much stored in their hot wallet, which allowed a hacker to steal it.

So they started keeping more of their user's coins in cold storage, which means that somebody has to manually walk a transaction across the air gap when the hot wallet runs out.

That somebody is probably Mark, and if he's sleeping or eating lunch, or taking the day off, you're probably SOL for a while.
Nemesis (OP)
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November 05, 2013, 02:06:58 PM
 #7

still not on blockchain yet..... un-fcking-belivable.
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November 05, 2013, 02:11:37 PM
 #8

Another thing I've heard is that some miners direct their payouts to their Mt Gox accounts, which results in Mt Gox's hotwallet filling up with unspendable-for-100-block outputs and at least a few months ago their code wasn't smart enough to avoid attempting to use those unspendable outputs in withdrawals. Maybe they've fixed it by now.

Maybe.
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November 05, 2013, 03:14:07 PM
 #9

Plain and simple capital controls.
Nemesis (OP)
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November 05, 2013, 03:54:52 PM
 #10

If you try to push the tx on blockchain.info yourself, you will get "invalid signature" . Their support is a joke. What i get is an automated reply saying they will escalate this to developers team.....

Right.... by developers team, they mean Mark.
Nemesis (OP)
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November 05, 2013, 03:56:45 PM
 #11

same thing here... withdrew and nothing got broadcast to the network

had to cancel my SEPAs and i am major pissed right now.....

How can a multimillion USD company fail at so many simple things?



You must not know Mark...

why dont you share with us of what you know about him?
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November 05, 2013, 05:18:47 PM
 #12

same thing here... withdrew and nothing got broadcast to the network

had to cancel my SEPAs and i am major pissed right now.....

How can a multimillion USD company fail at so many simple things?



You must not know Mark...

why dont you share with us of what you know about him?


Gross incompetence.  False statements to customers. 
chrisLG
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November 05, 2013, 05:21:56 PM
 #13

Had a BTC withdrawal not going through yesterday. Opening a support tickelt helped.

The fact that all withdrawals with Mt.Gox now go through an obviously bumpy process made me really nervous.

I reduced my Mt.Gox balance down to .12 BTC
Amph
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November 05, 2013, 05:27:17 PM
 #14

don't move such an amount, play with low values, like 1 btc at time
mine was fast, and i have also withdrawn my money in two day
Nemesis (OP)
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November 05, 2013, 05:29:22 PM
 #15

I check mtgox api and saw an withdrawal of 700btc! I checked the address and hes been withdrawing the same amount for the past 3 days.

Some rich dude with connection....
joesmoe2012
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November 05, 2013, 05:46:35 PM
 #16

I don't think it's the hotwallet that's empty, that gives an error when trying to withdraw. I'm able to withdraw, but nothing showing on the blockchain. Likely due to freshly minted coins being sent to gox and needing 100 transactions before they can be sent.



Check out BitcoinATMTalk - https://bitcoinatmtalk.com
Nemesis (OP)
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November 05, 2013, 05:50:42 PM
 #17

I don't think it's the hotwallet that's empty, that gives an error when trying to withdraw. I'm able to withdraw, but nothing showing on the blockchain. Likely due to freshly minted coins being sent to gox and needing 100 transactions before they can be sent.




Does that give the error of "Invalid signature" when you're broadcasting the tx?

Btw, who are the idiots using mtgox address for mining? Gosh, i want to slap them.
Nemesis (OP)
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November 05, 2013, 05:51:13 PM
 #18

same thing here... withdrew and nothing got broadcast to the network

had to cancel my SEPAs and i am major pissed right now.....

How can a multimillion USD company fail at so many simple things?



You must not know Mark...

why dont you share with us of what you know about him?


Gross incompetence.  False statements to customers. 

Pretty much this. Or at least this is the polite way to say it...



Just tell us straight up what happened between u two? Did he scam you?
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November 05, 2013, 06:29:17 PM
 #19

I've heard second hand reports that Mark is in way over his head when it comes to operating a business the size of Mt Gox.

He's the only one there with managerial authority because he doesn't know how to delegate.

This means all business decisions must be serialized through him.

He's basically a programmer first and a CEO second.
Nemesis (OP)
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November 05, 2013, 07:27:06 PM
 #20

I've heard second hand reports that Mark is in way over his head when it comes to operating a business the size of Mt Gox.

He's the only one there with managerial authority because he doesn't know how to delegate.

This means all business decisions must be serialized through him.

He's basically a programmer first and a CEO second.

I would say its greed than skill.

Its easier for us to criticize mistakes but how to avoid them is alot harder. Most of us dont have any experience to run a business this size in such a rapid evolving.

BUT.... why didnt Mark seek for partners open up cooperation for others who are experienced in financial field?

That i believe is pure greed. Hes too greedy and now hes gonna lose the market.
 
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