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Enigma81
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March 07, 2013, 08:12:05 AM |
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As of now; 10 minutes lag from GOX trading engine !!!
edit:
Almost 15 minutes now without trading data!
{"result":"success","return":{"lag":1081055125,"lag_secs":1081.055125,"lag_text":"18 minutes"}} 64 Cores (so they say). Let us be REALLY conservative and say they're 2Ghz Processors. 2,000,000,000 (instructions per second) * 64 (cores) * 60 ( seconds) * 18 (minutes) = 138,240,000,000,000 Instructions. Yes, that's right, it will apparently take the Gox Server 138.24 TRILLION Calculations before it can match your trade. Seriously efficient trading engine, I tell you. Enigma |
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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March 07, 2013, 08:14:34 AM |
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Nothing like reactionary upgrading.. It would be far too much work to plan and prepare ahead of time. I do understand that Gox couldn't possibly have guessed that bitcoin trading would continue to grow in volume.  Enigma Maybe coinlab is going to take over and they did not bother, who know... But yeah this is just sad... The software works, at least no mistakes known. Maybe it's only about quadrupling their hardware. They already pay $10k US a month on hardware, I do not think that is the issue. Their hardware is pathetic for a trading platform. https://mtgox.com/img/pdf/20120831/Transparency.008.jpgEngima What? I'm of the impression I could code an exchange on my phone that runs faster... this may be naive but still: I don't think this is a hardware problem. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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molecular
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Legendary
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Activity: 2772
Merit: 1019
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March 07, 2013, 08:15:30 AM |
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I really hope coinlab takes over. They can't do much worse at least.
You have to give mtGox one thing: security is pretty tight. I hope this doesn't change through coinlab. It's more important even than speed. |
PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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Enigma81
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March 07, 2013, 08:17:28 AM |
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Nothing like reactionary upgrading.. It would be far too much work to plan and prepare ahead of time. I do understand that Gox couldn't possibly have guessed that bitcoin trading would continue to grow in volume. Enigma Maybe coinlab is going to take over and they did not bother, who know... But yeah this is just sad... The software works, at least no mistakes known. Maybe it's only about quadrupling their hardware. They already pay $10k US a month on hardware, I do not think that is the issue. Their hardware is pathetic for a trading platform. https://mtgox.com/img/pdf/20120831/Transparency.008.jpgEngima What? I'm of the impression I could code an exchange on my phone that runs faster... this may be naive but still: I don't think this is a hardware problem. You've never written a relational database application with millions of rows of data that is queried, inserted and updated at a high rate and that needs to be (pseudo) real time, have you? |
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Jaques
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Activity: 112
Merit: 10
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March 07, 2013, 08:36:22 AM |
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for free   So you're saying we're due for a consolidation? ----------------------------------------------------------------------------------- Sorry, im a newbie, what means? Absolutely nothing.  +10 |
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oakpacific
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March 07, 2013, 08:37:09 AM |
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I really hope coinlab takes over. They can't do much worse at least.
You have to give mtGox one thing: security is pretty tight. I hope this doesn't change through coinlab. It's more important even than speed. Also adds to the fact that they are the safest because they are the biggest, a somehow chicken-and-egg problem. Gox can not just take your bitcoins and run away, for there would be no other place to sell them. |
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oakpacific
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March 07, 2013, 08:52:06 AM |
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I really hope coinlab takes over. They can't do much worse at least.
You have to give mtGox one thing: security is pretty tight. I hope this doesn't change through coinlab. It's more important even than speed. Also adds to the fact that they are the safest because they are the biggest, a somehow chicken-and-egg problem. Gox can not just take your bitcoins and run away, for there would be no other place to sell them. We can live with out Gox. I not a fan of Mt. Gox but even I do not think they are scammers. The problem is, pretty much all other exchanges are not so reliable in one way or another, it's one thing for us to consider if an exchange is a scammer, for the big players it's another thing. |
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zyphus
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March 07, 2013, 08:58:09 AM |
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there is always cold storage : ) Wanted to add this meme http://qkme.me/3t9vls |
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BitcoinBA
Member
Offline
Activity: 74
Merit: 10
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March 07, 2013, 09:06:25 AM |
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How big was this dump? Do we know it?
Thanx.
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oakpacific
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March 07, 2013, 09:09:51 AM |
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How big was this dump? Do we know it?
Thanx.
About 100K if you count from the top, much larger than any dump we have seen in this rally is what I am sure about. |
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El Cabron
Gnomo
VIP
Hero Member
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Activity: 840
Merit: 1000
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March 07, 2013, 09:32:37 AM |
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How big was this dump? Do we know it?
Thanx.
About 100K if you count from the top, much larger than any dump we have seen in this rally is what I am sure about. and we are back to 45:) Bulls on parade? |
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oakpacific
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March 07, 2013, 09:39:26 AM |
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How big was this dump? Do we know it?
Thanx.
About 100K if you count from the top, much larger than any dump we have seen in this rally is what I am sure about. and we are back to 45:) Bulls on parade? My theory is if the bears want to succeed, they need to pull off another wave of selloff in about a few hours, pretty much any crash consists of two waves of massive selloffs with one dead cat bounce sandwiched in between, the time window is quickly closing for them. |
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only
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March 07, 2013, 09:46:12 AM |
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420
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March 07, 2013, 09:47:58 AM |
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uh oh Gibraltars are all jumping into bitcoin now |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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Savior
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March 07, 2013, 09:51:36 AM |
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“Because of our reduced fraud risk, we can take very large Bitcoin deposits from players that wish to play high-stakes immediately, and don’t wish to wait for a bank wire” Love it  |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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March 07, 2013, 09:53:55 AM |
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...
My theory is if the bears want to succeed, they need to pull off another wave of selloff in about a few hours, pretty much any crash consists of two waves of massive selloffs with one dead cat bounce sandwiched in between, the time window is quickly closing for them.
This is what is fascinating about markets, the schizophrenia of the bulls and bears. Anyone bullish wants the lowest price possible so they can load up, and when fully bought they want the highest price possible for when they might sell. Anyone bearish wants the highest prices for selling, and then when sold, wants the lowest prices for when they decide to buy. So the heart of the matter is: are the bulls fully bought (bear market imminent) or are the bears sold out (bull market imminent)? Something visually similar ...  |
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only
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March 07, 2013, 09:54:27 AM |
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uh oh Gibraltars are all jumping into bitcoin now
Question is, have they all jumped into it already?  I mean, this is Big Poker adopting Bitcoin, the best news ever, right? Why just $50? |
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Nagato
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March 07, 2013, 10:05:34 AM |
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How big was this dump? Do we know it?
Thanx.
About 100K if you count from the top, much larger than any dump we have seen in this rally is what I am sure about. This is great news! That 100k dump from a few big holders is now distributed to thousands of people meaning reduced volatility in the future. |
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oakpacific
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March 07, 2013, 10:08:50 AM |
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...
My theory is if the bears want to succeed, they need to pull off another wave of selloff in about a few hours, pretty much any crash consists of two waves of massive selloffs with one dead cat bounce sandwiched in between, the time window is quickly closing for them.
This is what is fascinating about markets, the schizophrenia of the bulls and bears. Anyone bullish wants the lowest price possible so they can load up, and when fully bought they want the highest price possible for when they might sell. Anyone bearish wants the highest prices for selling, and then when sold, wants the lowest prices for when they decide to buy. So the heart of the matter is: are the bulls fully bought (bear market imminent) or are the bears sold out (bull market imminent)? Something visually similar ... If the price ever goes to single digits, it would potentially benefit me hugely, as I am long term bullish and I could greatly expand my holdings, but I don't want it to go that low ever again, and I believe all bulls and bears should not, anyone who was here when the price was in single digits knows the price was outrageously manipulated, the market liquidity was simply too low, and with such low prices if you have $1M you could pretty much buy enough to have it both ways, such a market would not be good for bitcoin businesses, for investors, miners, traders, for pretty much anyone in this system. The market size has to grow to a certain level first before bitcoin could ever be truly successful, the rally has to continue, anyone still wants to get single digits coins is either in purely for speculative profits or pretty short-sighted it seems to me. |
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