Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32146.

molecular

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Activity: 2772

Merit: 1019

Quote from: theonewhowaskazu on October 19, 2013, 12:31:53 PM

Quote from: prophetx on October 19, 2013, 12:27:52 PM

Quote from: theonewhowaskazu on October 19, 2013, 12:24:25 PM

Quote from: samson on October 19, 2013, 12:21:06 PM

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Oh my god. Really?

/facepalm

the gox strikes again!

Seriously, they're running a professional bitcoin exchange, and all this time, they're using Bitcoin QT? WTF?

tbh: there is a case to be made for using bitcoind. It's tried and true, community-reviewed and in widespread use. Emergency patch availability should be quite high, a broad developer base exists.

notme

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Activity: 1904

Merit: 1002

Quote from: justusranvier on October 19, 2013, 12:34:56 PM

Quote from: notme on October 19, 2013, 12:28:59 PM

They should also have several fallbacks. They already generate and sign the transactions with their own code, so they just need to broadcast it. Any client can do that.

These alternate implementations do things like separate the blockchain management from the network communication from the wallet.

It means you can do things set up clustering on the various pieces for better performance and load balancing.

You know, grown-up software stuff.

I understand that. I'm just saying that all they need is the network communication code to be able to broadcast the withdrawal transactions, and they should have redundancy in their setup in case a bug is triggered in one client or a server goes down. Also, I doubt they are using bitcoin-qt... I'm not sure where kazu got that from.

molecular

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Activity: 2772

Merit: 1019

Quote from: ?? on ??

Quote from: molecular on October 19, 2013, 11:58:23 AM

Quote from: ?? on ??

This is what is known as "The Grind".

can you explain this expression? I can only find baseball and movie references.

Step 5

http://www.ehow.com/how_8232426_process-black-bear-meat.html

lol. thanks!

hazek

legendary

Activity: 1078

Merit: 1003

Quote from: molecular on October 19, 2013, 12:03:20 PM

Quote from: hazek on October 19, 2013, 12:00:41 PM

Quote from: Dhuum on October 19, 2013, 10:25:39 AM

Wow, which site/service is this? Looks awesome.

http://trading.i286.org/

Thx.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: notme on October 19, 2013, 12:28:59 PM

They should also have several fallbacks. They already generate and sign the transactions with their own code, so they just need to broadcast it. Any client can do that.

These alternate implementations do things like separate the blockchain management from the network communication from the wallet.

It means you can do things set up clustering on the various pieces for better performance and load balancing.

You know, grown-up software stuff.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: strawbs on October 19, 2013, 12:31:27 PM

Quote from: samson on October 19, 2013, 12:21:06 PM

No coins have been moving in or out of Gox due to their Bitcoin nodes being offline

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Some snippets from IRC - lots of crap between these comments has been removed but you can see what's happening :

[21:52] <@MagicalTux> [23:51:41] so MagicalTux, what about my withdrawal request? <- all our bitcoin nodes were taken down due to an error with our hosting provider, some of the servers will be taken back up soon
[21:53] <@MagicalTux> soon = within a few dozen minutes
[22:31] <@MagicalTux> re-downloading missing part of blockchain
[22:31] <@MagicalTux> new txs will appear as blockchain updates
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can
[22:34] How far behind is it ?
[22:47] <@MagicalTux> right now: "blocks" : 217510,

So a lot of coins will hit gox in a very short period of time today when it eventually catches up.

Or a lot of coins could leave Gox, no?

They've already left gox.

See, that would effectively mean all of the withdraw transactions are "pending." The BTC were debited from user's accounts, just not actually sent on the blockchain to the user's wallets.

To me, this is more bearish for Bitstamp than Gox, considering how likely a fair number of those pending coins were intended to be sold on Bitstamp for people wanting out of BTC.

OmegaNemesis28

sr. member

Activity: 280

Merit: 250

How long does it take to withdraw from mtgox to USD these days? I hear its mixed between a month or 2.

NamelessOne

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Activity: 840

Merit: 1000

Quote from: samson on October 19, 2013, 12:21:06 PM

No coins have been moving in or out of Gox due to their Bitcoin nodes being offline

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Some snippets from IRC - lots of crap between these comments has been removed but you can see what's happening :

[21:52] <@MagicalTux> [23:51:41] so MagicalTux, what about my withdrawal request? <- all our bitcoin nodes were taken down due to an error with our hosting provider, some of the servers will be taken back up soon
[21:53] <@MagicalTux> soon = within a few dozen minutes
[22:31] <@MagicalTux> re-downloading missing part of blockchain
[22:31] <@MagicalTux> new txs will appear as blockchain updates
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can
[22:34] How far behind is it ?
[22:47] <@MagicalTux> right now: "blocks" : 217510,

So a lot of coins will hit gox in a very short period of time today when it eventually catches up.

Good to hear, I was watching this closely, had some coins I wanted off the exchange also. Thanks for posting this.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: prophetx on October 19, 2013, 12:27:52 PM

Quote from: theonewhowaskazu on October 19, 2013, 12:24:25 PM

Quote from: samson on October 19, 2013, 12:21:06 PM

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Oh my god. Really?

/facepalm

the gox strikes again!

Seriously, they're running a professional bitcoin exchange, and all this time, they're using Bitcoin QT? WTF?

strawbs

legendary

Activity: 868

Merit: 1340

Quote from: samson on October 19, 2013, 12:21:06 PM

No coins have been moving in or out of Gox due to their Bitcoin nodes being offline

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Some snippets from IRC - lots of crap between these comments has been removed but you can see what's happening :

[21:52] <@MagicalTux> [23:51:41] so MagicalTux, what about my withdrawal request? <- all our bitcoin nodes were taken down due to an error with our hosting provider, some of the servers will be taken back up soon
[21:53] <@MagicalTux> soon = within a few dozen minutes
[22:31] <@MagicalTux> re-downloading missing part of blockchain
[22:31] <@MagicalTux> new txs will appear as blockchain updates
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can
[22:34] How far behind is it ?
[22:47] <@MagicalTux> right now: "blocks" : 217510,

So a lot of coins will hit gox in a very short period of time today when it eventually catches up.

Or a lot of coins could leave Gox, no? I mean, why would anyone want to be depositing coins with Gox when there is little chance of withdrawing USD from there?

notme

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Activity: 1904

Merit: 1002

Quote from: justusranvier on October 19, 2013, 12:26:15 PM

Quote from: samson on October 19, 2013, 12:21:06 PM

[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

Services needing high uptime should really look at switching to one of the alternate implementations (Bits of Proof or btcd).

The Satoshi client is a prototype, not an engineered final product.

They should also have several fallbacks. They already generate and sign the transactions with their own code, so they just need to broadcast it. Any client can do that.

Perhaps when the coins become available the asks might fill in a bit on the various exchanges.

prophetx

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Activity: 1666

Merit: 1010

he who has the gold makes the rules

Quote from: theonewhowaskazu on October 19, 2013, 12:24:25 PM

Quote from: samson on October 19, 2013, 12:21:06 PM

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Oh my god. Really?

/facepalm

the gox strikes again!

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: samson on October 19, 2013, 12:21:06 PM

[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can

Services needing high uptime should really look at switching to one of the alternate implementations (Bits of Proof or btcd).

The Satoshi client is a prototype, not an engineered final product.

theonewhowaskazu

sr. member

Activity: 448

Merit: 250

Quote from: samson on October 19, 2013, 12:21:06 PM

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Oh my god. Really?

/facepalm

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: molecular on October 19, 2013, 11:55:29 AM

Quote from: adamstgBit on October 19, 2013, 10:41:53 AM

HOLY MOLY!!!

i just woke up to this

Shocked

180 by friday? Almost correct Wink

It was still friday somewhere.

samson

legendary

Activity: 2097

Merit: 1070

No coins have been moving in or out of Gox due to their Bitcoin nodes being offline

They're reloading the blockchain but it's 47,000 blocks behind so it's going to take some time.

Some snippets from IRC - lots of crap between these comments has been removed but you can see what's happening :

[21:52] <@MagicalTux> [23:51:41] so MagicalTux, what about my withdrawal request? <- all our bitcoin nodes were taken down due to an error with our hosting provider, some of the servers will be taken back up soon
[21:53] <@MagicalTux> soon = within a few dozen minutes
[22:31] <@MagicalTux> re-downloading missing part of blockchain
[22:31] <@MagicalTux> new txs will appear as blockchain updates
[22:33] <@MagicalTux> samson_: downloading new blocks as fast as bitcoind can
[22:34] How far behind is it ?
[22:47] <@MagicalTux> right now: "blocks" : 217510,

So a lot of coins will hit gox in a very short period of time today when it eventually catches up.

Walsoraj

hero member

Activity: 686

Merit: 500