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Topic: [BETA]Bitfinex.com first Bitcoin P2P lending platform for leverage trading - page 39. (Read 137528 times)

hero member
Activity: 868
Merit: 1000
Hello everyone,

I'm really sorry to not have answered sooner, I asked "myself" to update you.

Anyway, we seem to have the situation under control now. We had a DDOS that made our front-end fall and prefered to stop it while we managed the situation. I have set the cloud flare settings to very high so you may not access bitfinex properly at the momen (you can be blocked for some minutes).

The backend got a hard time accessing Mtgox during this episode (as you know it was also down for some moments). Hence why some stop orders wasn't triggered properly.

We are still working on this. If you have some questions/remarks about your trades, please contact us by email but understand that we may take a few hours to answer as we are still stabilizing the situation.

Thanks for your patience
Raphael and the Bitfinex team
hero member
Activity: 602
Merit: 500
Sad

That a yes?

I'd say those people have certainly more important stuff to do than to respond in forum messages. Lets just be patient...
hero member
Activity: 763
Merit: 500
the back end is working only front end is not, we keep you updated
Is this another DDoS?  Another CloudFlare SNAFU?
Sad

That a yes?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
the back end is working only front end is not, we keep you updated
Is this another DDoS?  Another CloudFlare SNAFU?
Sad
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
the back end is working only front end is not, we keep you updated
Is this another DDoS?  Another CloudFlare SNAFU?
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
the back end is working only front end is not, we keep you updated
legendary
Activity: 1868
Merit: 1023
Extremely slow to the point of being effectively down. I was able to get to the sign-in screen.
hero member
Activity: 868
Merit: 1000
Hello,

We are working on this.

Best regards
Raphael
legendary
Activity: 2646
Merit: 1137
All paid signature campaigns should be banned.
seems we have a temporary outage....
Or is anyone else able to work with Bitfinex right now?

Down for me too.
Down, down, down...
hero member
Activity: 763
Merit: 500
seems we have a temporary outage....
Or is anyone else able to work with Bitfinex right now?

Down for me too.
hero member
Activity: 602
Merit: 500
seems we have a temporary outage....
Or is anyone else able to work with Bitfinex right now?
hero member
Activity: 763
Merit: 500
I just want to bump this as the loans I am adding are not showing
i think thats because of merging on the table to save scroll space

Then it should update the max days to what the maxed merge is I would think.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
I just want to bump this as the loans I am adding are not showing
i think thats because of merging on the table to save scroll space
hero member
Activity: 763
Merit: 500
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
Any chance you'll be adding Litecoin and Namecoin?
there is no armory fork for this chains  Cry
hero member
Activity: 632
Merit: 500
Any chance you'll be adding Litecoin and Namecoin?
hero member
Activity: 784
Merit: 1000
Besides Gox lag, another risk maybe the loss of access to Bitfinex itself, which somehow happened last night when I was desperately trying to return my loans. Losing access for a considerable period of time when the market is volatile may even result in many margin positions unable to be closed until it's too late, something potentially fatal to both the user and the site.

I understand such risk maybe impossible to completely eliminate, but want to discuss what can possibly be done to improve the status quo.

Hi Oakpacific,

Was Bitfinex unaccessible last night? Did you have an error message or was it just a timeoiut (loading forever)? This is a very serious issue, we have to make sure Bitfinex is always available.

About this issue, you have to know that the backend server (trading engine, margin check,...) is on another server than the front-end one. So even if the front-end site is somehow unresponsive, the backend server continue to work and close positions if they have to be closed.

Also, we are curently taking steps to prevent too much losses in case of a flash crash. I can't get too much details right now, but this will be an insurance for us that the traders never end up with a negative balance. More later.

best regards,
Raphael

I don't know how technically feasible or desirable this is (I am not an IT guy), but perhaps it is a good idea to have 2 redundant backend servers that communicate with eachother (so 1 is like a backup server that is being constantly updated).  Should the main server crash, the second one can take over the margin calls etc.

I think it would be better if Bitfinex just support closing margin positions with E-mails, that would be much more practical.
One does not exclude the other.  Closing a position with email would indeed be nice when there is a problem with the front-end.
However if price tanks while a trader isn't paying attention, automatic liquidation needs to be enforced.  Emails won't help in that case.

AH, I see, you talked about the backend glitch, in that case yeah, though it has to depend on how big Bitfinex will grow into.

legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Besides Gox lag, another risk maybe the loss of access to Bitfinex itself, which somehow happened last night when I was desperately trying to return my loans. Losing access for a considerable period of time when the market is volatile may even result in many margin positions unable to be closed until it's too late, something potentially fatal to both the user and the site.

I understand such risk maybe impossible to completely eliminate, but want to discuss what can possibly be done to improve the status quo.

Hi Oakpacific,

Was Bitfinex unaccessible last night? Did you have an error message or was it just a timeoiut (loading forever)? This is a very serious issue, we have to make sure Bitfinex is always available.

About this issue, you have to know that the backend server (trading engine, margin check,...) is on another server than the front-end one. So even if the front-end site is somehow unresponsive, the backend server continue to work and close positions if they have to be closed.

Also, we are curently taking steps to prevent too much losses in case of a flash crash. I can't get too much details right now, but this will be an insurance for us that the traders never end up with a negative balance. More later.

best regards,
Raphael

I don't know how technically feasible or desirable this is (I am not an IT guy), but perhaps it is a good idea to have 2 redundant backend servers that communicate with eachother (so 1 is like a backup server that is being constantly updated).  Should the main server crash, the second one can take over the margin calls etc.

I think it would be better if Bitfinex just support closing margin positions with E-mails, that would be much more practical.
One does not exclude the other.  Closing a position with email would indeed be nice when there is a problem with the front-end.
However if price tanks while a trader isn't paying attention, automatic liquidation needs to be enforced.  Emails won't help in that case.
hero member
Activity: 784
Merit: 1000
Besides Gox lag, another risk maybe the loss of access to Bitfinex itself, which somehow happened last night when I was desperately trying to return my loans. Losing access for a considerable period of time when the market is volatile may even result in many margin positions unable to be closed until it's too late, something potentially fatal to both the user and the site.

I understand such risk maybe impossible to completely eliminate, but want to discuss what can possibly be done to improve the status quo.

Hi Oakpacific,

Was Bitfinex unaccessible last night? Did you have an error message or was it just a timeoiut (loading forever)? This is a very serious issue, we have to make sure Bitfinex is always available.

About this issue, you have to know that the backend server (trading engine, margin check,...) is on another server than the front-end one. So even if the front-end site is somehow unresponsive, the backend server continue to work and close positions if they have to be closed.

Also, we are curently taking steps to prevent too much losses in case of a flash crash. I can't get too much details right now, but this will be an insurance for us that the traders never end up with a negative balance. More later.

best regards,
Raphael

I don't know how technically feasible or desirable this is (I am not an IT guy), but perhaps it is a good idea to have 2 redundant backend servers that communicate with eachother (so 1 is like a backup server that is being constantly updated).  Should the main server crash, the second one can take over the margin calls etc.

I think it would be better if Bitfinex just support closing margin positions with E-mails, that would be much more practical.
legendary
Activity: 2618
Merit: 1007
Yeah, or create a less-eyecandy version for the geeks (I would be happy with even just a JSON file with all exact lending offers/demands - but then without rounding, grouping etc. and with IDs so I can assess how far my orders are actually in the queue).
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