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.
FYI, this is very concerning. Didnt realize it, but checked mtgox market depth and it's true. There already seem to be a slow run on the bank with mtgox.
Not to create panic, but i suggest anyone with money/bitcoin in mtgox to get it out for safekeeping. Right now people are still walking towards the exit, you dont want to wait until it becomes a stampede. It's pretty obvious at this rate, the bitcoins will be drained out due to mtgox inability to withdraw funds, and now even majority bitcoin withdraw is getting delayed.
I work in the financial industry for a long time, this is no different than a run on a fund, you dont want to be the last one in it trying to get out, always be the first. Yes it may not come to that, but why take the risk by leaving your bitcoins in mtgox?
I have converted the remaining balance in mtgox to bitcoin and submitted the withdraw request to get all of it out.