Ongoing Cryptsy withdrawal Alert
I have mixed feelings about Cryptsy. In the past I've been both critical and supportive of them. I like the way Cryptsy have pushed the boundaries and, in Paul Vernon, they have someone upfront who strikes me as being pretty decent. However, there seems to be an issue in withdrawing large amounts of POS coins, which is happening far too regularly for comfort.
Cryptsy have sent me two emails telling me that my issue has been resolved. I tried again to withdraw, but only a fraction of what I requested came through.
Here is my reply to Cryptsy:"I have received two emails from you telling me that the issue has been resolved. The issue has not been resolved. I tried to send the rest of the HBN I hold on Cryptsy to my desktop wallet, but the same thing has happened. Only a quarter of the requested amount was sent. At first it was a half of the full amount; then a quarter of the remaing half; then a quarter of the remaining three quarters.
Whilst the fractional amounts have come through to my desktop wallet, the issue of subverting my requested amounts is continuing. I originally requested the full withdrawal amount to be sent. So far I have made three requests to withdraw one amount. Each request has cost me:
- the withdrawal fee of 0.00200000 + 0.50% HBN;
- lost POS interest for the delay in sending me the full amount; and
- time which is valuable to me.
I have taken screen shots and have reported the incident on the HoboNickels Bitcointalk thread. Others have confirmed that the same thing has happened to them. This is not the first time this type of thing has happened to me either. Previously, when I have tried to withdraw large amounts of another POS coin, it threw your system wallets into maintenance mode for a long period of time - losing myself and others a considerable amount of lost POS interest.
With regards to the current problem, I have two questions: what algorithm (linearly descending vector) in your software sends half, or quarter amounts of the remainders instead of the full amount requested? And why?"
Whether it is a person, or algorithm doing this, I believe it to be important to get to the bottom of this issue and prevent it from happening again. It makes you wonder whether Cryptsy have run out of enough HBN to send to cover large buys.