Pete

With the greatest respect to the platform, which I have loved using, this new system on the order book is just plain incorrect. It will drive away users and I am fairly sure this is already happening, I have seen very limited trading going through on the doge market compared to previous days since this system was implemented. No other exchange in the crypto world or the standard financial instrument implements their fees this way. This effectively makes fees exorbitantly high, on doge for example fees at 135sats that I have to trade at 136 becomes 0.74%. If we take Earthcoin as an example it gets worse, say 19/18=5.5%. This is fundamentally broken.

The system must be adjusted such that a flat fee of x.x%, for example 0.1%, is charged on the total value of each trade. Even if this had a minimum value, it would be acceptable.

If you stick with the current system, you will lose customers rapidly as they realise this is not just a temporary bug and is in fact a deliberate error of judgement.

As I stated, I want to keep my business here, but if this isn't resolved in a matter of days I will be forced to take my business elsewhere. I cannot live with this flawed system.

Kind regards

Mark

EDIT: Since I wrote this I read above and discovered this system works down to exchange rates of 50sats only, so my EAC example is wrong. I still think the system is fundamentally flawed though, as on a 50sat coin we have a 2% trading fee. If you wanted to maintain a maximum of 0.1% you would need to remove fees from any coins with an exchange rate lower than 1000sats. Otherwise the fee % rises rapidly to a ridiculous rate. Doge is one of the biggest volume markets, but you will kill it on CoinedUp. Having said this, even if the fees were not exorbitantly high for these low value coins, the system is still just massively uncomfortable for any user and is contrary to the fee systems customers are happy with. So this change alone would not allow me to continue my business here.

Is this a joke?

is the orderbook robot sleeping, or on holidays? :-)
http://www.picamatic.com/show/2010/04/23/11/31/10219764_517x171.png



same - trading is just impossible when BUY and SELL are not matched
http://www.picamatic.com/show/2010/04/23/11/31/10219765_517x205.png


even worse:
http://www.picamatic.com/show/2010/04/23/11/31/10219766_515x218.png

Interesting to see us mining litecoin after the recent discussion to remove the coin.

Most of the late shares are probably from people mining on high intensity. Why not give 5 seconds of time rather than 1 block of time?

Yep.  We send it on every work change request that isn't difficulty adjustment (which we send again after 30 seconds with the flag if the user isn't respecting the new difficulty).

But we're seeing a TON of shares submitted a significant amount of time after the clean jobs request.  A lot of them 15-20 seconds after telling them the old work isn't valid, and those shares are still being accepted, which leads me to the guess that people have pushed their miners to max out hashrate (and in this case accepted shares) rather than actual accepted shares.

If anything, a locked difficulty should drop reject %, not increase it.  No country prefix is exactly the same as useast (it proxys to useast actually), would be better for you to just set to useast if thats your closest server.

What about adding ANIME on coinedup?
http://www.reddit.com/r/CoinedUp/