Topic: MtGox withdrawal delays [Gathering] - page 234. (Read 908613 times)

Yep,

I did a small transfer of 1.1 bitcoins. No sign of the transaction appearing on the blockchain. They are keeping us hostage. Fun times.

Ya, it's looking more and more likely to me that Karpeles is simply out of his league given the cronic mis-steps as Mt. Gox tanks.

The most alarming thing is that he actually does not give the appearance of really giving a shit.  This is bothersome because if he just says 'fuck it' and packs up shop a lot of people who have claims against Mt. Gox could be in a bad way.

When the 7k wall went up on Mt. Gox earlier today I kinda wondered if the coin was from Mark's personal stash.

Coinbase $8 over gox...  gox finally run out of fiat?

Provided they move your BTC.
Reports about missing BTCs are on the increase, i am myself waiting for a withdraw from yesterday.

Planning to do it, already told MtGox to cancel my USD withdrawl from several months ago... but in the last couple hours the price has gone ballistic.

I except the bubble to pop and there to be a crash soon.

Bitstamp has higher price than MTGox   

Now is the time to move your BTC over without any loss

thank you, looks like the typical hacker shit. no clue about business! they never learn it. Hackers are in 99% horrible businessmen. i would say gtfo

I also withdrew a 3 digit amount of BTC from gox. the amount was reduced from my account but it was never sent out on the blockchain. If anyone has any information about this please PM me I am kind of bugging out.

Do you make EUR withdrawals > 1000€? Do you have an trusted Gox account or only verified?

I have made several withdrawals in EUR last half year. The longest has taken about two months. The fastest was carried out within three days (from 8th to 11th October). But I've never withdrawaled more than 1000 EUR in a bunch. I always wait obediently (no support tickets, no nagging). The money always arrives. The last withdrawal was really fast. Only three days, but it was only about 400 euros.

BTC withdrawals are not entirely trivial IMHO, because all criminals trying to hack such services. So you need various levels of security. All exchanges which have made bitcoin withdrawals "particularly easy", have therefore disappeared from the market as far as I've seen.

I'm still relatively new to Bitcoin. But the mutual distrust discourages me. Gox was very good for me so far. I felt safe there.

LOL, thats word for word from their April announcement.
And they are indeed "much further ahead".

YMMV.  I usually don't transfer fiat out of MtGox.  Just BTC which I sell elsewhere at a higher price.  And MtGox is probably the exchange where I have had the least problems with BTC withdrawals.  I have had BTC withdrawal problems at every exchange I ever tried.  Bitstamp, Bitcurex, Intersango, MtGox, Bitcoin-Central.  You name it.  If I have used it, I have had problems with severely delayed withdrawals from the exchange.  The usual excuse is empty hot wallet.  Last time I had problems withdrawing BTC from MtGox was more than a year ago.

I have withdrawn EUR from MtGox as well, btw.  It works.  Takes some time due to EU regulation (MtGox is not yet licensed as a payment service in the EU), but the transfer arrives eventually.  Six weeks delay currently.

After waiting for 4 weeks I decided to cancel my SEPA withdrawal with Gox and just bought BTC. I was planning to do that anyway when the fiat arrived, so why wait.

I did get this message from MtGox Support after the cancel of the withdrawal.

We are working on more improved banking solution to increase the transaction speeds. Hopefully we will not only be back where we were before we encountered these issues , but much further ahead. We apologize for the inconvenience caused.

I know there is now some negativity around Gox but I personally will keep doing business with them because they have my trust.
Still, I have divided my funds between Gox and Bitstamp just to spread the risk as nothing is certain in bitcoin world.

This is how bitcoin business is working:
Eeither you can be cheated by some asic maker who plays with your money
either you are getting ransommed by the first btc exchange in the world

it s wild west btc world

UNFORTUNATELY

Just FYI for those who have not seen it, Wired recently released a fun story about Mt. Gox and their various issues:

  http://www.wired.com/wiredenterprise/2013/11/mtgox/

"virtual" profit i call it. When you never get the Fiat to your bank its lost.
When you  BTC vanish on the way out of Gox. MtGox is useless unprofessional.

Goxed only once - never again.

+1.  Arbitrage has been very easy for the last few months, but it looks as the window is closing now.  Less than 3% price difference between Bitstamp and MtGox.  People who didn't need the fiat to pay their bills could have been trading on MtGox all the time as well.  My bot has made a lot of BTC during the last few months.

hello, FYI:

yesterday I performed 4 BTC withdrawals from MtGox; 2 of them (50%) failed, the coins are no more on my mtgox account but I have received nothing on my wallet.

So (at the moment) I lost a total of 5 BTC from MtGox when withdrawing my bitcoins.

Here are the transactions (from https://data.mtgox.com/api/0/bitcoin_tx.php, I have annotated the transaction id when doing the withdrawal on MtGox):
{"hash":"f597e41ae9171135f903debac51002c807c4b2c281b2df2a11db342029fc5b89","tx":"AQAAAAFziu9MG6TMMr1f5V3EQIG0GM0\/J\/R74\/zAb8PDjBDDJgAAAACLSDBFAiEAvPcn\/LFA+ePCXVqBFbMJvsoPCZGhzfD92vNekko7M6ECIHS3GXXBNq6l25vPMinS8jI3SJ3BzwoWegHEivYUoRukAUEEVbwIlqVLlKhMGib5FTXoJZlaEKKszms4pJxy7ju87urgscnRbeJZ+A0nzx\/msYDlIkoBRQma6\/eJCO7tzH3fVP\/\/\/\/8CAKPhEQAAAAAZdqkUAPxlJGk1wZYHiT+HmBe4SpvMjv+IrM4rUv4AAAAAGXapFEsdd5toezyckekKcRdXwZq6YgBFiKwAAAAA"},

{"hash":"720814769df459dc7b1f1a8b9fbc084cc9b0c491e681ec8e63659d802193854b","tx":"AQAAAAF86Wj6hmpL2vvxCEd5fHew05X\/8s0j1R6jFKXhLBGMwAAAAACLSDBFAiAvlg3IJoy3CiXw0GRUs2y+6z0sN+lQvqpCPVlRTGGFKwIhAPKR\/zad5xJpQwqKe+aS220ZZNNZr9k7jDkivbvlLyA8AUEEVbwIlqVLlKhMGib5FTXoJZlaEKKszms4pJxy7ju87urgscnRbeJZ+A0nzx\/msYDlIkoBRQma6\/eJCO7tzH3fVP\/\/\/\/8CAMLrCwAAAAAZdqkU+p9x1n+S0iwNhW1TRxkFW6Jw\/7KIrPwtGFEAAAAAGXapFA7MY23Y60\/kg824BuplGh4YCfjKiKwAAAAA"},


if I try to broadcast by myself with https://blockchain.info/pushtx, for both the transactions I get:

"An outpoint is already spent ....."
both transaction have two operations inside (one of them is the withdraw to my address).

Opened a support ticket with MtGox, but they are telling me to wait... for what? Both transactions are evidently wrong.
I hope to get my coins before or later....

I know that I am not the only on experiencing this "problem".

This situation gives the impression to be a way for MtGox to control the flux of bitcoin withdrawal. In this way they can delay as they like withdraws, managing eventual scarcity problems... if this is confirmed, it is not a very good business practice, I think.

EDIT (8/11/2013): MtGox solved the issue, received the missing 5 BTC in my wallet. It took about 48 hours to get them.

I got my SEPA withdrawal, made on sept. 17th, processed. The sum is 10k.

Thanks for the goxicology report

You can look at Gox's transaction history. They do a few transactions a minute. In terms of transactions per minute, Gox is at the level of a busy fast food outlet.