mccorvic
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April 08, 2013, 05:00:08 PM |
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There is one thing about these high lag dump then rebound scenarios I enjoy: Seeing the bad bears who are about 30 mins too late and they dump right into a huge rally. Too slow, ya jergoff.
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deeplink
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April 08, 2013, 05:00:18 PM |
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Max Keiser is a shill lying twit that's pumping promises so he can line his pockets a little better at your expense. Stop being naive. Anyone with $10bn doesn't need to be circled by a twit on a propaganda news network.
If you say so... Thanks for teaching me this stuff
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chriswilmer
Legendary
Offline
Activity: 1008
Merit: 1000
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April 08, 2013, 05:02:16 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 08, 2013, 05:04:54 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
1/4 million = not expensive, lol!
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humanitee
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April 08, 2013, 05:05:11 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
My understanding is that the engine is written with the competency of an undergraduate CS student. No amount of hardware improvements can fix errors associated with bad coding practices. The gain would be measly.
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| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
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| Whitepaper Medium Reddit
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mccorvic
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April 08, 2013, 05:05:52 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
Well, I don't think adding any X number of machines would help with a DDOS as the line would still just be as clogged. But it doesn't matter as the DDoS excuse is just MtGox trying to cover for it's failure to have a decent database.
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buddhacoiner
Newbie
Offline
Activity: 28
Merit: 0
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April 08, 2013, 05:05:59 PM |
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What? Bitcoin-24 at $240 ?!
...1 coin btce $166
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mp420
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April 08, 2013, 05:08:32 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading. Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine.
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 08, 2013, 05:10:10 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading. Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine. Perhaps adding Solid State server drives might help though.
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- aka The "DigiMan"
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thezerg
Legendary
Offline
Activity: 1246
Merit: 1010
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April 08, 2013, 05:10:17 PM |
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Damn. We crashed all the way down to 85% above the price a week ago today LOL! +1 ! yes, for all you newbies looking at this and the "crash" the media reported last week, think about trying to trade this. For example, you could sell at the ATH, and keep the money in USD with a bid trailing the ATH by (say) 10%. But if you do that, you miss the normal weekly runup, in this case from $140. So this catch-the-dip strategy nets you half the profit as buy-and-hold. But the risk profile of fiat-on-exchange is pretty similar to btc-on-exchange so the risk reduction is not worth the profitability loss. And traders can't reliably react to a dump (sell then buy) due to the lag. Of course, people can use their intuition and knowledge of fiat bank transfers to make informed guesses and narrowing this profitability gap. But that is hard and ultimately devolves into guesswork rather then a strategy. tl;dr; these dips happen because its more profitable to buy-and-hold then to sell-early-to-fiat-and-catch-the-dip.
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samson
Legendary
Offline
Activity: 2097
Merit: 1070
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April 08, 2013, 05:11:10 PM |
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Hey, I have a naive question about this whole DDOS thing. Would it help if Mt. Gox doubled (or x10) the number of servers they have? Even an extra 100 machines can't be that expensive (probably ~$200 K).
Won't work. The trades must be executed sequentially, that can't be parallelized much. The lag is not about the DDOS, it's mostly about the trading. Their trading engine is implemented poorly. They have enough hardware but their engine just doesn't cut it. They should hire a team of $300k+/year programmers with extensive experience about these kinds of high performance financial systems and get them to rewrite their trading engine. Maybe they should hire the guy who won the 'quantcup' matching engine competition.
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mccorvic
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April 08, 2013, 05:13:33 PM |
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yes, for all you newbies looking at this and the "crash" the media reported last week, think about trying to trade this. For example, you could sell at the ATH, and keep the money in USD with a bid trailing the ATH by (say) 10%. But if you do that, you miss the normal weekly runup, in this case from $140. So this catch-the-dip strategy nets you half the profit as buy-and-hold. But the risk profile of fiat-on-exchange is pretty similar to btc-on-exchange so the risk reduction is not worth the profitability loss. And traders can't reliably react to a dump (sell then buy) due to the lag.
This should be printed on cards and issued to all newbies.
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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April 08, 2013, 05:15:23 PM |
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crap, missed the dip. Stupid work EDIT: double crap, I had $240 sell orders at bitcoin24, none went through. Should have put it a dollar lower .
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mccorvic
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April 08, 2013, 05:17:47 PM |
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crap, missed the dip. Stupid work We're still in the dip, so not too late
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 08, 2013, 05:18:29 PM |
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This dip was not nearly as much as I expected. Is it that A ) People are getting smarter and not messing around when Gox starts lagging, or B) We could see a double dip later today or tomorrow before jumping back on the BTC rocket to $300 next week?
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- aka The "DigiMan"
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BitcoinTate
Full Member
Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 08, 2013, 05:21:37 PM |
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crap, missed the dip. Stupid work EDIT: double crap, I had $240 sell orders at bitcoin24, none went through. Should have put it a dollar lower . My sell order on gox was $195.00..... should have put it 10 cents lower. lol Just 1 BTC for fun, no way I would risk losing anymore.
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- aka The "DigiMan"
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ManBearPig
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April 08, 2013, 05:23:21 PM |
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This dip was not nearly as much as I expected. Is it that A ) People are getting smarter and not messing around when Gox starts lagging, or B) We could see a double dip later today or tomorrow before jumping back on the BTC rocket to $300 next week?
Could it be that it's stabilising on its mad rush upwards?
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dextryn
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April 08, 2013, 05:24:10 PM |
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China is dumping
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Spaceman_Spiff
Legendary
Offline
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
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April 08, 2013, 05:25:55 PM |
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crap, missed the dip. Stupid work We're still in the dip, so not too late Yeah, but I first need to sell to pick them back up later, wasn't online when the coins were $190-195. Right now I am not sure which way it ll go, so I do nothing.
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humanitee
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April 08, 2013, 05:26:18 PM |
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China is dumping
Most likely arbitrage. There was a difference of $45 earlier. Made me wish I had setup an account there. Then I gotta deal with LR though, which I do not have.
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| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
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| Whitepaper Medium Reddit
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