MtGox withdrawal delays [Gathering] - page 249.

oakpacific

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Quote from: Rampion on October 18, 2013, 11:26:54 AM

Quote from: joesmoe2012 on October 17, 2013, 04:10:55 PM

Quote from: hardpick on October 17, 2013, 02:55:22 PM

Quote from: newguy05 on October 17, 2013, 02:35:54 PM

i tried to withdraw 8 btc from mtgox this morning and now 8 hours later the transaction still hasnt being processed.

is anyone else having this issue recently? bitcoin withdraw was always near instant for me usually only takes 30 mins or so. I submitted a ticket to mtgox also

I being waiting 3 days for BTC withdraw

That's abnormally long...

No, it's just the traditional banking system which is unable to keep up with the thriving BTC economy... Oh, wait...

Maybe is just that Gox's huge volume is overwhelming their BTC wallet...

I am curious, what's the message Gox going to show you when the withdrawal cannot be made immediately?

hutcho

newbie

Activity: 37

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I made a withdrawal of BTC from Mt.Gox 2 hours ago and i see nothing at my CampBX account address which is a disposable one expiring in a week. After reading this thread, I now have to worry that the address will expire before the transaction actually takes place. I feel a headache coming.

tvbcof

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Quote from: Nagle on October 18, 2013, 10:30:54 PM

Looks like a lot of money is trying to get out of Mt. Gox by buying Bitcoins and selling them on other exchanges at a big loss.

Or just buying BTC to sit on them and see what happens since in recent days we seem to have the potential to be on the cusp of another run-up. If I had had cash on Mt. Gox over the past few days that is probably what I would do. Now it is true that I have a 2 month delinquent wire which I guess I could re-convert, but I have enough BTC (tucked safely in bed in deep storage) that I don't need to worry to much about such annoying hoops to jump through.

Whatever the case, it looks like a BTC low liquidity event is rearing it's ugly head, and kind of across the whole ecosystem. Perhaps it's an artifact of the decreased velocity associated with the loss of Silk Road?

Nagle

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Quote from: newguy05 on October 18, 2013, 10:18:16 PM

But there is NO EXCUSE why bitcoin transfers is taking anything more than 30 mins.

Maybe Mt. Gox is running out of Bitcoins. Here's the Mt. Gox and BTC-E order books:

Mt. Gox order book. USD/BTC.

BTC-E order book. USD/BTC.

Bitstamp order book. USD/BTC.

Looks like a lot of money is trying to get out of Mt. Gox by buying Bitcoins and selling them on other exchanges at a big loss.

newguy05

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Someone is sitting in the shade today...

Quote from: newguy05 on October 17, 2013, 07:22:52 PM

Quote from: newguy05 on October 17, 2013, 04:59:48 PM

yes anyone else having this problem? i am a verified user (mailed them my passport etc..) and never had this problem until today. Not able to get my btc out for over 8 hours now and still waiting, very frustrating as i need it to do a transaction.

i got a bullshit cookie cutter response from mtgox, btc withdraw still not processed. wtf, i am going to get all my btc out of mtgox, this is crap.

Quote

Hello,

Thank you for contacting us. Please be aware that:

When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.

If you aren't seeing the funds after either withdrawing/sending to Mt. Gox from your bitcoin program, please wait 24 hours before contacting us. If your transfer has still not occurred within 48 hours, please lodge a support request so we may begin the process of tracking your bitcoins and reinitiating the transfer.

We apologize for any inconvenience this may cause. If you have any further enquiries, please do not hesitate to contact Mt.Gox Support by responding to this email (should the enquiry relate to this ticket).

Best regards,

Mt.Gox Team
https://www.mtgox.com

This is such bullshit i still dont have my bitcoins and no response from mtgox after 2+ days now.

I can understand bank wire taking time due to external factors with international wire transfers and regulations.

But there is NO EXCUSE why bitcoin transfers is taking anything more than 30 mins.

fuck mtgox.

Rampion

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Quote from: joesmoe2012 on October 17, 2013, 04:10:55 PM

Quote from: hardpick on October 17, 2013, 02:55:22 PM

Quote from: newguy05 on October 17, 2013, 02:35:54 PM

i tried to withdraw 8 btc from mtgox this morning and now 8 hours later the transaction still hasnt being processed.

is anyone else having this issue recently? bitcoin withdraw was always near instant for me usually only takes 30 mins or so. I submitted a ticket to mtgox also

I being waiting 3 days for BTC withdraw

That's abnormally long...

No, it's just the traditional banking system which is unable to keep up with the thriving BTC economy... Oh, wait...

Maybe is just that Gox's huge volume is overwhelming their BTC wallet...

PuertoLibre

legendary

Activity: 1890

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Or....

It might be that MtGox is being audited through a third party (government agency) as part of it's compliance....

sturle

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https://bitmynt.no

Quote from: Lohoris on October 18, 2013, 04:37:47 AM

Quote from: Jouke on October 18, 2013, 04:19:31 AM

Most likely it was a transaction with a coinbase input.

I.e. MtGox is mining too?

Some pools, e.g. Eligius, use the coinbase tx to send rewards to miners. A miner can get the reward sent directly to an exchange, but outputs from the coinbase tx won't be valid as input until it has has at least 100 confirmations.

Lohoris

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Bitgoblin

Quote from: Jouke on October 18, 2013, 04:19:31 AM

Most likely it was a transaction with a coinbase input.

I.e. MtGox is mining too?

Jouke

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Quote from: sturle on October 18, 2013, 04:16:34 AM

Quote from: tvbcof on October 18, 2013, 02:49:30 AM

Quote from: hardpick on October 18, 2013, 02:14:10 AM

good news ! ? - I have my BTC from MtGox --- 74 hour later

Most likely they run out and had to go to cold storage.

Most likely not. When that happens, you will get an error message.

Most likely there was a problem with the transaction itself (as created by MtGox). MtGox tries to fix this automagically after a while (a rather long while, 24 hours I think) by double spending on of the inputs, thus invalidating the original transaction. When the double spending transaction has six confirmations, it will try to send again using new inputs. This has happened quite often recently. I haven't figured out what the real bug is. Their transactions seem perfectly OK to me.

You can fetch all transactions which has gone unconfirmed for more than 2 hours through the API here: https://data.mtgox.com/api/0/bitcoin_tx.php

Most likely it was a transaction with a coinbase input.

sturle

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https://bitmynt.no

Quote from: tvbcof on October 18, 2013, 02:49:30 AM

Quote from: hardpick on October 18, 2013, 02:14:10 AM

good news ! ? - I have my BTC from MtGox --- 74 hour later

Most likely they run out and had to go to cold storage.

Most likely not. When that happens, you will get an error message.

Most likely there was a problem with the transaction itself (as created by MtGox). MtGox tries to fix this automagically after a while (a rather long while, 24 hours I think) by double spending on of the inputs, thus invalidating the original transaction. When the double spending transaction has six confirmations, it will try to send again using new inputs. This has happened quite often recently. I haven't figured out what the real bug is. Their transactions seem perfectly OK to me.

You can fetch all transactions which has gone unconfirmed for more than 2 hours through the API here: https://data.mtgox.com/api/0/bitcoin_tx.php

Lohoris

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Bitgoblin

Quote from: tvbcof on October 17, 2013, 06:26:56 PM

Companies who are willing to shoot themselves in the foot by producing patently false information often do so because they see the end of the tunnel...and there is no light there. I honestly hope that Mt. Gox succeeds but it is questionable enough to me at this point that I drew down my exposure in the case of a collapse. [...] if one has their eyes open certain signs can sometimes be noted.

+1

Why some people still trust it is beyond me.

(actually it's pretty clear: blind greed, as always. They will get burnt. At this point, after all this time, they will have deserved it.)

tvbcof

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Quote from: hardpick on October 18, 2013, 02:14:10 AM

good news ! ? - I have my BTC from MtGox --- 74 hour later

Most likely they run out and had to go to cold storage.

How it could possibly be more efficient to field a lot of tickets (and lie to + offend people in the process) than to simply put up a notice is beyond me.

More than that, though, when someone runs out of hot supply it is noteworthy. It typically means that business is not chipping along in an ordinary manner as anticipated by system design...

Personally I would be perfectly fine being inconvenienced by exhaustion of hot storage from time to time because it means that the provider is being conservative in their risk implementation. But there is no reason that I can see to hide or lie about the nature of a failure for hot/cold storage reasons or really for any other reason.

hardpick

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Football President

good news ! ? - I have my BTC from MtGox --- 74 hour later

advanced

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Woodwallets.io

Quote from: racerx on October 17, 2013, 07:46:53 PM

Quote from: newguy05 on October 17, 2013, 07:22:52 PM

wtf, i am going to get all my btc out of mtgox, this is crap.

Get on IRC, #mtgox on freenode and make some noise... that will get things moving for you.

[09:05] == #mtgox Cannot join channel (+r) - you need to be identified with services

(i'm logged in and registered with nickserv) . any hints?

advanced

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Woodwallets.io

update on my side : waited for international transfer of couple of thousands dollars for 3.5 months.

Deleted the transfer (manually by an operator) and now i'm waiting a SEPA transfer of the same amount since 23 days.

What the f

Syke

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Quote from: newguy05 on October 17, 2013, 07:22:52 PM

When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network.

Wow, they're still using that "network congestion" excuse as if the problem is outside their control, when it's totally their own problem.

el_rlee

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Activity: 1600

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Quote from: Raralith on October 16, 2013, 04:06:53 PM

I recently received an email stating that they can "manually" process my transfer for a 5% fee if I am in a hurry for funds

Could you post that email here or did somebody else already?

racerx

jr. member

Activity: 37

Merit: 2

Quote from: newguy05 on October 17, 2013, 07:22:52 PM

wtf, i am going to get all my btc out of mtgox, this is crap.

Get on IRC, #mtgox on freenode and make some noise... that will get things moving for you.

newguy05

hero member

Activity: 1316

Merit: 503

Someone is sitting in the shade today...

Quote from: newguy05 on October 17, 2013, 04:59:48 PM

yes anyone else having this problem? i am a verified user (mailed them my passport etc..) and never had this problem until today. Not able to get my btc out for over 8 hours now and still waiting, very frustrating as i need it to do a transaction.

i got a bullshit cookie cutter response from mtgox, btc withdraw still not processed. wtf, i am going to get all my btc out of mtgox, this is crap.

Quote

Hello,

Thank you for contacting us. Please be aware that:

When withdrawing or depositing bitcoins into your Mt.Gox account there may occasionally be a delay (1~24 hours) depending on network congestion, your internet connection speed and the time required to get 6 confirmations on the network. If you're sending to your computer's wallet, it's good practice to keep your bitcoin client running so it can download the block chain. For those that may not know the block chain is the complete history of all transactions made on the bitcoin network, and as such it can take some time to update and download the most current block and see the bitcoins in your wallet.

If you aren't seeing the funds after either withdrawing/sending to Mt. Gox from your bitcoin program, please wait 24 hours before contacting us. If your transfer has still not occurred within 48 hours, please lodge a support request so we may begin the process of tracking your bitcoins and reinitiating the transfer.

We apologize for any inconvenience this may cause. If you have any further enquiries, please do not hesitate to contact Mt.Gox Support by responding to this email (should the enquiry relate to this ticket).

Best regards,

Mt.Gox Team
https://www.mtgox.com

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