Topic: Mtgox please spend some of your massive income on new servers. "downornot" (Read 3050 times)
August 08, 2011, 11:51:23 AM
once again BitcoinEXpress proves to be not so bright although highly opinionated as usual
August 08, 2011, 11:34:11 AM
+1, please upgrade this damn slow system.
mtgox.com did fine with higher volume in the past. It is the bots throwing many requests in per second. Charge for the requests or rate limit them.
I think this is one of the potential upgrade options that have been suggested by the community, though maybe not in this thread. I think this is a more long term/effective solution than creating more servers which could serve to allow more people to abuse bot manipulation.
August 08, 2011, 07:32:12 AM
+1, please upgrade this damn slow system.
mtgox.com did fine with higher volume in the past. It is the bots throwing many requests in per second. Charge for the requests or rate limit them.
August 08, 2011, 07:12:22 AM
+1, please upgrade this damn slow system.
August 08, 2011, 07:05:07 AM
I join the appeal that Mtgox upgrade its trading platform and/or servers.
It is extremely frustrating to watch price swings and not be able to login at mtgox - it took me over a minute and up to 3mins each time during the weekend.
It leaves an amateurish impression, taken that they have at least 1000$ profit per day and I would guess that less than 2000 people are actively using the site at any moment.
So, any upgrade news would be very appreciated.
It is extremely frustrating to watch price swings and not be able to login at mtgox - it took me over a minute and up to 3mins each time during the weekend.
It leaves an amateurish impression, taken that they have at least 1000$ profit per day and I would guess that less than 2000 people are actively using the site at any moment.
So, any upgrade news would be very appreciated.
August 08, 2011, 06:18:35 AM
Sounds fancy but makes no sense.
August 08, 2011, 04:37:10 AM
I prefer a natural float to an artificial market.
August 08, 2011, 04:20:21 AM
What makes them so much better than Trade Hill, other than their trade volume?.
As if that isn't enough. Current situation for Europeans: Highest Bid: 5.3000 Lowest Ask: 7.9000. MtGox doesn't have this stupid separation of markets, so the float is almost nonexistent for everybody. It's extremely slow, though. August 08, 2011, 01:50:23 AM
What makes them so much better than Trade Hill, other than their trade volume?
And re-reading your post I think you missed his point that EVERYBODY is entitled to trade. Not just him, but everybody who pays their trading fees is expecting a standard of service.
I do think they make a substantial amount of money for what their product is, and the size of their market. Even suffering significant damages from their latest fiascos with the password leak, I'm relatively (or more absolutely) sure that they will not survive if they do not continue to invest in the quality of their product.
Two possibilities have occurred to me now though.
One is that I see no reason to eliminate them as the botters, as they do have a motive to protect the size of their trading fees rate.
The other, on a lighter note, is that they are still working on security upgrades from the incident earlier this year, and have decided to include some way of staying the botters effect on the system. In any case where they are intending to effect the botters they may not be willing to announce it till they can implement it, as it could cause the botters to escalate their activity drastically to maximize their abuse before the problem is handled.
And re-reading your post I think you missed his point that EVERYBODY is entitled to trade. Not just him, but everybody who pays their trading fees is expecting a standard of service.
I do think they make a substantial amount of money for what their product is, and the size of their market. Even suffering significant damages from their latest fiascos with the password leak, I'm relatively (or more absolutely) sure that they will not survive if they do not continue to invest in the quality of their product.
Two possibilities have occurred to me now though.
One is that I see no reason to eliminate them as the botters, as they do have a motive to protect the size of their trading fees rate.
The other, on a lighter note, is that they are still working on security upgrades from the incident earlier this year, and have decided to include some way of staying the botters effect on the system. In any case where they are intending to effect the botters they may not be willing to announce it till they can implement it, as it could cause the botters to escalate their activity drastically to maximize their abuse before the problem is handled.
August 08, 2011, 01:24:33 AM
@Ampirebus
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
are you a child or do you just possess the mind of one? The daily volume of the site would lead one to believe the owner could maintain a website that does not take minutes of refreshing to load. If that is your response to a legitimate grievance I question your general sanity and well being. Other than that I have no response because your post does not really dignify anything further.
its in gox interest that everyone can place a trade order 24/7 as the way gox makes money is on the trade fees... more trades... more fees... more income...
I'm no huge Gox fan by no stretch, but it is the best we have.
They are not making a huge sum of money everyday and refer to my previous post, I think it applies.
I think they make enough to have a decent setup and separate sets in EU NA and SEA. there is no way you can convince me they dont make at least 20k a month, easily enough for VERY good redundant dedicated hosting in many countries.
August 08, 2011, 01:20:40 AM
Too big to fail does not exist in Bitcoin.
yet August 08, 2011, 01:19:02 AM
@Ampirebus
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
Having a site that cannot handle the trade load provides an unfair advantage to those who are able to access. Especially if someone is attacking the site in a way that specifically makes it impossible for anyone else to trade. His complaint is not only merited, but shed's light on a very good reason not to use MtGox.
You people act like you're involved in a highly regulated, well financed, established market with credible people.
Bitcoin is grey area, some what shady, un-regulated and definitely wild west..........
Where else are you going to trade, TradeHill or Bitcoin7 LOL....
Like I said earlier, the sand accumulation in the panties is due to him thinking he was the "one" entitled to instant access...
Yes, TradeHill as a matter of fact. I refuse to use MtGox, this reason among many. Part of a Free Market is that it becomes self-regulating. Companies that don't handle problems as obvious, and repairable, as this are going to shrivel and die. Too big to fail does not exist in Bitcoin.
August 08, 2011, 01:12:28 AM
@Ampirebus
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
are you a child or do you just possess the mind of one? The daily volume of the site would lead one to believe the owner could maintain a website that does not take minutes of refreshing to load. If that is your response to a legitimate grievance I question your general sanity and well being. Other than that I have no response because your post does not really dignify anything further.
its in gox interest that everyone can place a trade order 24/7 as the way gox makes money is on the trade fees... more trades... more fees... more income...
August 08, 2011, 12:53:56 AM
You have to close your browser and reopen it in order for it to unfreeze.
August 08, 2011, 12:43:01 AM
I assure you the site would not load for the periods i was attempting to access a trade order (i was already logged in to mtgox so i only needed to refresh the page) .
I believe you. But adding more servers isn't a solution. The solution is to provide a rapid trading platform that behaves differently than the typical DDoS tool. Most of the online brokers have a Java applet just for that very purpose: it opens and maintains a single connection. I've heard that it is possible to do the same using Ajax and Websockets.Again: adding more servers helps nobody. They will be as vulnerable to a DDoS as they are right now. The solution is to change the protocols from dumb to smart (JSON to FIX). Good luck with that!
http://en.wikipedia.org/wiki/Financial_Information_eXchange
August 08, 2011, 12:32:44 AM
i dont understand why people constantly buy and sell. don't they realize you pay fees for every transaction? and that if you had 1% of a brain you see that bitcoin goes up and down very unpredictably.
it fuckin pisses me off that people trade bitcoins around like stock.
it fuckin pisses me off that people trade bitcoins around like stock.
August 08, 2011, 12:27:35 AM
if its taking longer than 3 seconds to load a page as simple as mtgox.com, there is a problem.
When I was trying today, it was taking over 120 seconds, then I would stop it and reload, and repeat, until after 4 or 5 tries it would finally load.
Lame.
August 08, 2011, 12:18:35 AM
if its taking longer than 3 seconds to load a page as simple as mtgox.com, there is a problem.
August 07, 2011, 11:58:33 PM
@Ampirebus
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
I am assuming the massive pile of sand in your panties that has accumulated is due a thousand other people trying to trade at the same time and some how you think you are the one entitled to trade??
Isn't that basically it?
Having a site that cannot handle the trade load provides an unfair advantage to those who are able to access. Especially if someone is attacking the site in a way that specifically makes it impossible for anyone else to trade. His complaint is not only merited, but shed's light on a very good reason not to use MtGox.
August 07, 2011, 10:59:24 PM
I frequently check MtGox, almost every time I have to refresh the page several times to get access. Either because of bots or general volume. I wouldn't keep my funds with them right now.
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