If MtGox can't handle the load, it should limit frequency&amount of orders/user

repentance

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Quote from: tiptopgemdotcom on April 12, 2013, 12:19:18 AM

I am not an IT professional but it seems like there are some ideas to improve the situation. I suppose the next logical question is why mtgox isn't doing anything. Or why they aren't communicating. The message on their site about letting the market "cool down" was very bizarre. I am confused by all of this. Did they close to update server capacity or to let the market "cool down"? If they didn't do anything to improve the situation why are they open now? Opening again and being faced with the exact same problems isn't helpful to anyone.

I am not in any kind of hurry to buy or sell, I am just sitting on my coins and watching. It just seems that mtgox isn't doing anything to help themselves.

Upgrading their servers isn't enough to fix the problem.

"Cool down" means they're hoping that when they re-open there'll be less people panic buying/selling based on emotion and so they won't be overwhelmed by people stampeding to trade based on the slightest movement.

arsenische

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Quote from: tiptopgemdotcom on April 12, 2013, 12:19:18 AM

I am not an IT professional but it seems like there are some ideas to improve the situation. I suppose the next logical question is why mtgox isn't doing anything. Or why they aren't communicating. The message on their site about letting the market "cool down" was very bizarre. I am confused by all of this. Did they close to update server capacity or to let the market "cool down"? If they didn't do anything to improve the situation why are they open now? Opening again and being faced with the exact same problems isn't helpful to anyone.

I am not in any kind of hurry to buy or sell, I am just sitting on my coins and watching. It just seems that mtgox isn't doing anything to help themselves.

I think they said somewhere that they were upgrading servers... and announced that they are letting the market to cool down. But I really don't understand why they don't limit amount of orders and requests per user/bot if their engine can't process large amounts of orders in a timely fashion.

tiptopgemdotcom

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I am not an IT professional but it seems like there are some ideas to improve the situation. I suppose the next logical question is why mtgox isn't doing anything. Or why they aren't communicating. The message on their site about letting the market "cool down" was very bizarre. I am confused by all of this. Did they close to update server capacity or to let the market "cool down"? If they didn't do anything to improve the situation why are they open now? Opening again and being faced with the exact same problems isn't helpful to anyone.

I am not in any kind of hurry to buy or sell, I am just sitting on my coins and watching. It just seems that mtgox isn't doing anything to help themselves.

Furyan

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Quote from: rograz on April 11, 2013, 11:39:56 PM

just put a set price of 0,001 btc per buy/sell order in addition to the normal transaction fee, suddenly the spam got very expensive and wont really affect anyone else.

This, although to be specific, it should be *PER API CALL*, not per order actually completed. Or you could batch, charge say 0.01 per 100 calls to the API. Make it expensive to use a bot that functions by hammering the market so hard that nobody has any idea what's going on - such as filling the space between actual bids with 100 bids of 0.01 btc.

But then again, I think the bigger problem is the lag. Hard to know what to do when you're watching activity from 30 seconds ago, much less even 5, 10, or 60 minutes ago.

rograz

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just put a set price of 0,001 btc per buy/sell order in addition to the normal transaction fee, suddenly the spam got very expensive and wont really affect anyone else.

thebaron

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Quote from: arsenische on April 11, 2013, 10:18:08 PM

hardware upgrade obviously couldn't solve their problem...

Between bad software and DDoS? Yep.

arsenische

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hardware upgrade obviously couldn't solve their problem...

tiptopgemdotcom

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Quote from: arsenische on April 11, 2013, 09:42:45 AM

If I get it right, the bottleneck is its order matching engine.

So why doesn't it limit the maximum allowed number of simultaneous orders and the frequency of orders from each user?

Also, when lags increase, maybe bots that abuse the service should have a lower priority than people.

It could have been much better experience if users could execute 1 buy or sell order immediately anytime using captcha.

Amen to that!

arsenische

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If I get it right, the bottleneck is its order matching engine.

So why doesn't it limit the maximum allowed number of simultaneous orders and the frequency of orders from each user?

Also, when lags increase, maybe bots that abuse the service should have a lower priority than people.

It could have been much better experience if users could execute 1 buy or sell order immediately anytime using captcha.

Topic: If MtGox can't handle the load, it should limit frequency&amount of orders/user (Read 966 times)