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Author Topic: Why does it take so long for mt.gox to transfer bitcoins?  (Read 914 times)
dancupid
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October 30, 2011, 05:04:41 PM
 #1

Shouldn't it be instant? Isn't that the whole point of bitcoin? I tried to transfer 100 btc about 12 hours ago and they still do not appear on the block chain.
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abracadabra
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October 30, 2011, 06:07:03 PM
 #2

Are you talking about in or out of gox?
Into gox I think i need to wait until about 10 confirms or so for the btc to show up. Not sure I've tried transfering btc out of gox.

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October 30, 2011, 06:16:44 PM
 #3

there was quite a long time between blocks last night which was delaying my deposit (about 50 mins or so between 1 bloack and the next)

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October 30, 2011, 06:50:51 PM
 #4

there was quite a long time between blocks last night which was delaying my deposit (about 50 mins or so between 1 bloack and the next)

at the moment we're at the end of a 2000 Block cyclus. 47 blocks left in this cyclus. A lot of miners turn of because they get very little bitcoins. The Rest has to work a lot of time for the next 50 btc. average per hour is at 4 at the moment.

so every transaction is very slow the next days (until next difficulty cyclus starts)

bitmessage:BM-2D9c1oAbkVo96zDhTZ2jV6RXzQ9VG3A6f1​
threema:HXUAMT96
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