MtGox bitcoin withdrawal delay >:(

[bernard75]

Hint for you: Go and find that virgin and maybe you find a clue.

[1714145633]

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[1714145633]

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[akhentek]

thread is pretty long... has everyone received their coins back?

got the same problem

[Nemesis]

Hint for you: Go and find that virgin and maybe you find a clue.

If i need a clue i would ask Josh for a quarter idiot.

[azyr]

I've got 43BTC stuck in MtGox since I made the withdrawal about 35 hours ago. I have sent email to the support and asked what happened to my money and their response was following:

James Support, Nov 07 16:44 (JST):
Hello,

Sorry for the delay. We will escalate to the development team and update you once the transaction is processed.

Best regards,

Mt.Gox Team

Not very useful...

How do I broadcast this transaction again? What does it actually mean to broadcast an transaction? Did MtGox actually broadcast these transactions at all to begin with? I also saw some mentions about MtGox double spending the coins that were supposed to be withdrawn. What does it mean?

[Beans]

I made a btc withdraw hours ago. Still nothing. What a pain in the ass.

[gizmoh]

Other than 'hlynur' , anyone else received their coins?

[onecent]

so I am not the only one facing this withdraw problem, I made a withdraw about 5 hours ago and received nothing. What the FXXXK GOX?

[bouboun59]

so I am not the only one facing this withdraw problem, I made a withdraw about 5 hours ago and received nothing. What the FXXXK GOX?

in IRC, no time, no solution, wait wait

Me after 38hours, nothing

Mtgox it's not serious !

[Hailo]

Nancy, Nov 06 10:07 (JST):
Hello,

Thank you for the email. Please be noted that

When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.

We request you to check after few hours . We would also check and keep you updated once the BTC withdrawal is processed.


Best regards,

Mt.Gox Team
https://www.mtgox.com

[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers.
Please visit https://mtgox.com/security]


 



This is what they sent to me. It's been almost 48 hours. 9.2 btc. Sigh been using gox for so long. Now I'm seriously never using them again once this is resolved

[X68N]

Seriously, the Forum Mod hre shuld made this sticky.
MtGox seems to convert into a fraud company.

only thing, is we can warn everybody, so most people stop using them!

since 23h i wait. Only answer i got is get informed about Updates... stupid crap!

[Hic et nunc]

Nancy, Nov 06 10:07 (JST):
Hello,

Thank you for the email. Please be noted that

When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.

We request you to check after few hours . We would also check and keep you updated once the BTC withdrawal is processed.


Best regards,

Mt.Gox Team
https://www.mtgox.com

[Attention: Please protect your account using OTP to ensure that your funds are safe and secure. Failing to do so makes your information vulnerable to hackers.
Please visit https://mtgox.com/security]


 



This is what they sent to me. It's been almost 48 hours. 9.2 btc. Sigh been using gox for so long. Now I'm seriously never using them again once this is resolved

Identical mail they sent to me.   A copy and paste.

[jaybny]

If people cant get their BTC from MtGox then the MtGox spread over Bitstamp should be much lower.. currently it is almost $20.. this indicates that the "market" doesn't think its a long term problem.

[gambitv]

I am surprised people are flocking to MtGox to sell now. I bet a lot of people bought at Bitstamp and sold on MtGox. Now that Bitstamp got same as MtGox for a while, people are trying to re-buy and return to Bitstamp.

Unfortunately, plan will have you holding 280USD coins when they are most likely going to be worth less than 180 in a few days time.

lol
You're a dumbass for making wild guess like that.

Why dont you check your crystal ball when you're gonna lose your virgin ?

I didn't notice this wonderful comment.

I guess a slight exaggeration. But you can understand my meaning. Some of us are trying to exit gracefully from MtGox and make use of Bitstamp being higher than Mtgox's price ( since we purchased the coins ).

We are at ATH levels and have been for a few days. How long did it stay at this level back in April this year.

So call me names if you like, but my meaning is clear.

EDIT: All coins recieved. I did raise a helpdesk ticket to draw attention to my issue, not sure if this helped.

[gizmoh]

I am quoting this person from Wall observer thread who resumes the technical issue quite well:

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

It doesn't matter what you do with your bitcoins.

All the bitcoins that get deposited into Mt Gox get dumped into a single pile.

Some of the coins are dumped in there by miners, whose coins can not be spent until 100 blocks after they were mined.

Some of the coins are only spendable if a Mt Gox employee grabs the private key out of safe or something.

The software Mt Gox uses to choose which coins to spend when customers want to withdraw bitcoins is apparently suboptimal.

If their software tries to spend a coin which has not matured (>100 blocks since being mined), the entire transaction ends up in limbo.

Another possible problem is that some transactions end up with too many inputs with an insufficient fee the transaction also ends up in limbo.

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

so calm down folks, we will eventually get our coins soon, and its all beneficial while btc is still on rally mode.

[justusranvier]

I am quoting this person from Wall observer thread who resumes the technical issue quite well:

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

It doesn't matter what you do with your bitcoins.

All the bitcoins that get deposited into Mt Gox get dumped into a single pile.

Some of the coins are dumped in there by miners, whose coins can not be spent until 100 blocks after they were mined.

Some of the coins are only spendable if a Mt Gox employee grabs the private key out of safe or something.

The software Mt Gox uses to choose which coins to spend when customers want to withdraw bitcoins is apparently suboptimal.

If their software tries to spend a coin which has not matured (>100 blocks since being mined), the entire transaction ends up in limbo.

Another possible problem is that some transactions end up with too many inputs with an insufficient fee the transaction also ends up in limbo.

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

so calm down folks, we will eventually get our coins soon, and its all beneficial while btc is still on rally mode.

Just so you know, I have no inside information about Mt Gox's current problems.

I don't know for certain what the real problems are, but the circumstantial evidence points to those factors.

[zeroblock]

I don't buy the argument that newly mined coins are causing this.  The poll I did back in August only has 13.5% of miners using Gox to cash out.  

https://bitcointalk.org/index.php?topic=278675.0;viewResults

[azyr]

I am quoting this person from Wall observer thread who resumes the technical issue quite well:

Mine has nothing to do with newly minted coins, I don't even mine, been waiting since last night.

It doesn't matter what you do with your bitcoins.

All the bitcoins that get deposited into Mt Gox get dumped into a single pile.

Some of the coins are dumped in there by miners, whose coins can not be spent until 100 blocks after they were mined.

Some of the coins are only spendable if a Mt Gox employee grabs the private key out of safe or something.

The software Mt Gox uses to choose which coins to spend when customers want to withdraw bitcoins is apparently suboptimal.

If their software tries to spend a coin which has not matured (>100 blocks since being mined), the entire transaction ends up in limbo.

Another possible problem is that some transactions end up with too many inputs with an insufficient fee the transaction also ends up in limbo.

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

so calm down folks, we will eventually get our coins soon, and its all beneficial while btc is still on rally mode.

Can someone elaborate on the last paragraph:

If a withdrawal transaction fails, Mt Gox has to double spend those inputs before trying the withdrawal again because otherwise there's a possibility the original transaction will suddenly get mined and they will irrevocably pay out twice.

That would explain the "double spending" that is occurring at the moment. Why can those failed withdrawals get mined again? If the coins have been created once, how can they be created again?

[Hfertig]

I made a withdrawal of 10 BTC from Gox today and they went through within an hour. A bit slower than usual, but all went like a charm.

[justusranvier]

Why can those failed withdrawals get mined again? If the coins have been created once, how can they be created again?

This is about transactions, not newly mined coins.

One a transaction has been signed, it's valid as long as no conflicting transactions get added to the blockchain first. Once it's been broadcast to the network it could potentially be added to the blockchain at any time.

If a signed transaction is broadcast but not immediately added to the blockchain by miners, the only way to make sure that it doesn't go through later on is to send those same inputs back to yourself and make sure the second transaction does.

[Cablez]

I am coming up on 24hrs with no BTC delivered from Gox yet.  Sheesh what a pain.