Advisory: Delegation buys from BlockTrades are currently being treated as pre-orders

in blocktrades •  7 years ago 

As of the time of this post, we are currently out of available steem power (SP) to delegate, but we have a lot of SP becoming available for delegation today and over the next few days from expiring 30-day delegations. We have 362K SP returning as of December 13th, and 500K SP by December 15th, and more will be returning thereafter.

Currently we are treating any purchase that exceeds the send Deposit limit (shown above the price estimator on our web page) for delegated steem power as a pre-order. The price for pre-orders will be the price at the time we confirm the input funds (e.g if you pay with Steem, our system will price it as of the time we receive the Steem).

We are roughly filling such pre-orders in the order they come in (delegation time period will only start after I fill the order). Note that we can't guarantee this order completely as some of the steem power that is returning to us is getting sniped as soon as it shows up, but we are doing our best to honor the order in which the pre-orders were made.

If you've already placed an order and don't want to wait in the queue until we get more Steem Power, please contact us at [email protected] for a refund.

Note that the temporary shortage of available steem power for delegations does not impact renewals of existing steem delegations. If you have an existing unexpired steem delegation that was purchased while signed into your BlockTrades account, you can login and renew it now.

btc_to_delegated_steem_power.png

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Hello @blocktrades can you please tell me what went wrong with this transaction

I tried to get a renewal 💔😭

hi there @blocktrades

will you tell me if I will get a renewal or did I lose my SBD...

Our system is reporting that your delegation had already expired and therefore wasn't renewable. But since it's the first such case on our production system, our programmers will check to be sure it's correct. If it has expired, I'll refund your SBD, so please don't be worried.

oh I'm sorry I didn't realize that it's not possible to renew a delegation that's already expired.. because the option was there I thought it's possible.. in that case is it possible to lease me a fresh new delegation with the sbd that I already send

The option shouldn't have been there unless the web page was simply open for a long time. But these are new pages so there could be some issue I'm not aware of that caused it to show it. I'll ask for some more testing to be done to be sure that there is no problem that can cause it to happen.

I've already refunded the SBD.

ok.. I got the refund.. it seems like the demand for delegations have exceeded the market supply.. very hard to find delegations..

Hi, it seems that delegation expired a week ago, so I've refunded your SBD.

It was a silly mistake which your engineers overlooked.. I got the refund.. should I demand a compensation? lol jk.. on second thought how about a 100% upvote from you on this comment 😁✌

The streets will flow with the blood of the non-believers...

Very sadly thing. I even had to pun an onion under my eyes and listen to River of tears from Eric Clapton :)

Thanks for the heads up @blocktrades I only just worked out that delegation of SP is the same as a lease, such an awesome concept - hope the market sorts itself out for the moment. What is the long term plan in this regard? Surely we can't run out of delegation every month?

It depends on demand, which I can't really predict.

Pls@blocktrades pls i ordered for steem power delegation today.the steem left my account but cant see the delegation

Any way of seeing what the line up looks like?

EDIT: We don't have a capability like that currently, but from internal information I can see that we will be able to fill most and probably all outstanding requests as of this moment by late friday night (probably half by thursday).

No, it's better to email our support line, comments here are monitored less frequently. I've canceled his delegations now.

Any idea when the delegation will arrive? Placed an order today. Forgot about this. It's a great service so I'd just like to have an ETA.

It will be Sunday morning EST before we can fill all currently existing pre-orders. The queue is getting longer.

Cheers for the heads up. Thanks in advance.

Update: received with thanks.

thanks for info mates , im new to use blocktrade did you had a post with how work block trade ?

I now only see BitShares, Dogecoin, Dash, Ethereum, and Litecoin as send options and BitShares, Dogecoin, Ethereum, and Litecoin as receive options.

No Steem or SBD either way. Is this a minor glitch, or a huge issue?

I have seen the same issue couple of minutes ago. As i remember from the past happened 1 or 2 times. Might be maintenance or sth ?

  ·  7 years ago (edited)

My guess is they are doing an update to the wallet or something, due to the amount of back orders happening with delegated Steem power. The demand is far too high as more people catch on. Minnowbooster is an alternative, but far less convenient or reliable.

minnowbooster is also drained.. they are also refunding me the Steem after being unable to fill the request for 3 days..

  ·  7 years ago (edited)

Yeah, seems like its hardly alive over there... I guess that's the deal though, there's only so much of the pie and it's first come first serve. I've seen some people making posts calling for witch hunts to determine who deserves it more, even listing every steem user who upvotes themselves (not smart), but that would just be turning steem into the thing we're trying to move away from: centralized power structures that dictate what you can and cannot use your money on.

well.. everyone thinks only they deserve the pie and the rest are all spammers.. LOL.. and tbh decentralization only exist in theory.. in reality.. those with more wealth will always have more power...

Our steem wallet was down while resyncing, it's back up now.

But I am still waiting for my delegation power @blocktrades

Thanks for the update, looks back to normal from here.

Or, as normal as it gets with delegation in limbo. 😅

I was worried first about my request.
Thanks anyway I did receive my delegation sometimes this morning.

Hi @blocktrades

Would you be interested in a report/table showing what the accounts are doing with your delegated Steem Power?

Do you have any rules regarding what is accepted use? - I'm not expecting this to be a yes, but thought I would ask.

Are you of the opinion that once purchased, accounts are free to do whatever they wish?

Would you consider breaking the contract with an account if they were seen to be using this leased SP in a way that was overly negative to the platform?

Thanks

Asher

Was hoping there would be some discussion about this..

Just finished a blog which could help start things off?

@blocktrades i purchased some steem power form your site today without check this blog post.. now i'm seeing this blog post...i already send the SBD and not received any SP deligation..so can you explane what i'm going now? is my SBD gone? or it safe? if i'm not received my SP deligration can i get a refund????? I'm now Out of my mind...do something @blocktrades

Is my SBD lost @blocktrades ??

Hi my friend. I just sent SBD to be a steem delegate. However I chek in swallow not yet entered. Please solve my problem. And please check my wallet. Thank you so much

Damn I just bought a lease 10 mins ago and I was checking to see why it's not showing and then I see your post :) How long will you think untill the market normalizes? or we will see more of this in the future? When should I expect my SP? Tomorow?

Tomorrow is "possible", but the day after is more likely.

Soon for you I think, I emailed support 2 days ago about a rather large lease I placed. I just received my delegation today and am happy it didn't get lost in the sauce, so to speak 😊 Thanks for honoring the pre-orders, gonna place another one today. Keep up the good work @blocktrades 👊🏽

I think right now is more profitable to get some power from minnowbooster you need to make discount ;)

This is great news, as the delegated Steem supply goes down, it should drive the price of delegation up!

😊

That's what's up.

Thanks for the notice. I did delegation 5 hours ago and it went through so far.

I sent Steem to delegate steem power.. As I didnt get in time, I started to worry about it. Thanks for the notification!

Sir, how long SP process for me,
Thank you for the help.

I want delegation @blocktrades

How Much days it can take @blocktrades

There is no option for 1 week ?

We currently only offer 30 day and 90 day delegations, but they can be renewed for shorter periods of time.

Hi ijust orsdered for steem power delegation.it.left my account but didnt see anything

Good to know, I was worried, Lol!

i try to buy delegation against the Steem Dollar but currently BlockTrades can not allow this action

Correct: please read the post you are replying to in order to understand why this is the case currently.

This is very good to know, thank you so very much for the heads-up! I guess it is a testament tot he success of SP projects then!?!

Namaste :)

I bought some 1 hour ago)

Thank you for the easy transaction! I am new to cryptocurrencies And it has been a great learning experience.

Nothing is pre- . pre-orders are just orders. That is the same nonsense as as "pre-board" on airport. You get on the plane before you get on the plane? Funny :)

The concept of a pre-order is to order something before it's available for delivery. It's a standard industry term I believe. Anyways, I think it's a useful way to distinguish an order where the goods are available for delivery and the situation where there's a queue of buyers who have to wait longer than the normal delivery time. I suppose they could be called "pre-deliverability" orders, but that would be more of a mouthful.

Excuse me, I think I have chosen steem instead of steem dollars when calculating and generating the code and I send amount of 11.862 SBD by mistake, but what I actually have wanted was to buy some ETH for that money so I would ask for a refund and correct my mistake? Thank you!

Just saw this, but I've already refunded it earlier today.

Well, thank you! I have received the refund and I can now say that from last I am proud owner of my first ETH!

by this time your eth is worth perscent more ! nice ! :-)

Yes! I know that this really small amount of money but I have to say that I am truly very excited and I am reading and learning more and more every day about this huge crypto world I just have entered!

i understand you , i changed a bit of steem just to see how it was and if it worked, it started of as being worth 1.65 but that was after 2 nights worth 2.95 8 incredible !

hey been waiting a few days, i dont have a blocktrades acc and dont mind waiting if im in q, but just seems abit long....thanks @twigg

lol...nm...it was in as i posted this.....ty @blocktrades

I sent 1 sbd to steem from open ledger to my steemit acc but still havent received it yet 2 hours ago

Can i have refund please...

There was no memo, so I've refunded it.

Thank you very much...

Hello @blocktrades
I am still waiting for my SP
You said it will be on yesterday evening but still?

I was stressed first over my demand.

Much obliged in any case I received my designation once in a while today.

Best

I am amazed to read this article because after reading this article my mind becomes open.
I am aware, I have been too closed with new things and feel already know. It affected me that I became a Sok Tahu This article reminds me to keep digging and keep searching for information and new things.
But I have not understood the substance of the positive thought itself as to what and how to make our minds become positive. Maybe in another article can explain a little bit the meaning of positive thoughts.

Keep the spirit and success always keep growing and working on STEEMIT do not despair
@blocktrades

gladly to join @blocktrades.
I have purchase steempower from blocktrades. I hope it will done soon as possible. I need some attention from @blocktrades and team to support @aceh-trades community. best regards @aceh-trades

Thanks for the advisory! It sounds like it's time for me to setup an actual login.

Hello Friends please vote me

I went to their main site too with a old fashioned Google search but it looks like they're not buying or selling it anymore. !

Our steem wallet was down while resyncing, it's back up now.

How will I know when you have been with over SP. How many days will I have to wait for Steempower lease.

awesome to see the community have the ability to become little dolphins! So empowering! :)

I bought steem delegation for 30days by sending 0.043sbd i received about 10.xx sp but today its all gone .

I use block trade constantly to do my exchange transactions from steem or sdb to other coins but I can't seem to be able to register. It always sends a sort of error message! Need to know why?for delegation, I didn't go for it bcos I thought the service was for other agency. So if I buy delegated SP, means it's directly from @blocktrades ?
Any link to read analysis on delegated SP based on ROI?

If you buy it from our web site, you're buying it from us. Please be sure you read our Terms of service for delegations before you purchase a delegation.

Sure. Since it's from my favorite exchange I love and trust @blocktrades then I will surely patronize
More so, if I have up to $5k to 10k$ worth of steem powered up, can I deal with you to loan my SP for sale?
Regards and keep doing well but still you are yet to answer why I can't register!

I'm not sure why you're having problems registering, but please send an email to our support email at [email protected] from the email address you want to associate your blocktrades account with, and someone will assist you with getting your account setup properly.

Sure. Thanks @blocktrades
You guys are the best!

Hi @blocktrades, You're probably the best crypto exchange that allows seamless transaction in a very efficient way. When SBD price went up twice in a week recently, Poloniex was not responding and Bittrex did the same to many like me. I lost my SBDs during that time. Anyway, I'm sorry for coming up with an off topic comment. My question is, di you plan to add other crypto currencies at your platform? For example, buying IOTA has been a real pain in ass recently for many. Similarly, there are some other coins that people want to buy but our so called top exchanges get jammed whenever there is a bit more than usual traffic on these sites. This is a business opportunity for you. Any plans to take it?

Regarding SP delegation, you and your team are doing a fantastic job. I've in my next year plans to use your services.

Many thanks for being so awesome. Stay the same and keep sharing.

Steem On!

We will be adding more new coins, but we have to be very careful about what coins we add now to be sure we don't inadvertently add a coin that might be considered a security.

US regulations prevent us from offering any such coin to US people, so until we have way to separately offer different sets of coins to people from different countries, we have to avoid any coins that might be classed a security. We have done a lot of work already to allow us to offer different coins to different regions, so I guess well be enabling this in the next few months.

Hello sir I had send you SBD for conversion to steem not received any steem till now.

  ·  7 years ago (edited)

hi @blocktrades, i have sent 20 steem in your account for 30 day lease steem. But I was surprised to see there is no steam on your web. Please inform me sir

As per the post above, we don't have any SP available for immediate lease (that's why our web page is showing a red Deposit Limit of 0 for delegations currently). I believe we will have enough to fill many of the outstanding delegation orders in about 3 hours.

  ·  7 years ago (edited)

then what about my steem sir? do i have to wait for 3 hours ahead.

It's "at least 2 hours" now. Depending on when you ordered, it could be later, possibly even tomorrow. If you don't want to wait, I can refund you now, just let me know.

hi blocktrades, this is 21 hours. Please advise me, what about my 20 steem submissions

@blocktrades i want to extend my date of purchase of 31500 steem power but i bought it without login is there any way to extend it please help

  ·  7 years ago (edited)

I will wait sir

I can't get money. Why

Great post and thanks for the info.

  ·  7 years ago (edited)

Hello sir @blocktrades I had send you 9 SBD, without the conversation memo by mistake plz refund or convert it to steem....
Screenshot_20171212-095136.jpeg

I've refunded

Thank you for your info and update

@blocktrades i want to extend my date of purchase of 31500 steem power but i bought it without login is there any way to extend it please help

good news...

I sent 0.167 sbd to you earlier and never got the steem I was supposed to get. In the memo part I put "thanks", should I have actually used that memo code that was generated lol? If it is lost it is lost, but if not...I would be appreciative.

@blocktrades ordered yesterday. Expected date to get it please? ^^

How long those it take to transfer my steem to blocltrades?

There was an error in your order, so I refunded it already.

It is busy in the delegation world right now. I have seen many people buying delegations just to upvote themselves and make the money and not really helping out other bloggers by voting on their posts.

NOM NOM

Hello, I was trying to buy some steem dollars with LTC. It shows one LTC is worth $19.07 steem dollars?

Worth a lot more SBD now apparently, LTC surged last might.

Thank you!

I am new to steemit but blocktrades will definitely be my choice in the future. More power to you guys.

i did transfer steem for dodge, i think i received the dodge in my jaxx wallet, but i do not se the transaction in the history ?

waiting a few days really doesn't affect me much.
I guess I oughta open an account.

new feature request: countdown number for when delegation expires.

If you have an account with BlockTrades, you can see all the details about your delegations including when they expire. We're also adding a feature to notify you the day before they expire.

would that be retroactive to delegations I already have in progress?

No, unfortunately it only works on delegations you buy when you're logged in to your account.

ah well.
I'll bear up under the disappointment.....somehow.
thanx

Hi @blocktrades. I did my first transaction just now and mistook the instructions. I thought I was supposed to send just above the transaction fee in order for my trade to process. So that's what I did, and of course, all of the fees minus the transferred SBD = 0, and as such no BTC was transferred to my nominated address. I was smarter the second time around.

I was wondering if it was possible to get a refund for my first mistaken transaction?? Please? Cheers.

It looks like you're lucky because the amount you sent was just small enough that we didn't send any bitcoin at all. So our system didn't have to pay the fee and I've refunded you. Note if you'd sent just a bit more, the fee would have been payed and the money would be gone. That's why we have that second number which is the amount we suggest you send in order to get a reasonable rate after paying the flat fee to the bitcoin network

Btw, it's better to send support requests to our support address: [email protected]. Those get processed quicker and more reliably than messages sent here.

Thank you @blocktrades

I wish to be delegated but right now I am still observing the trends and how to use it fully. Thank you for this one though. It helps!

Thank you for updating us @blocktrades ! When do you think will it normalize? I hope soon...

Resteemed!

Nice to have feedback from you! Good job, everyone should do the same and informe the "costumers" when there are a issue!! keep up

thanks for the information @blocktrades

@blocktrades i got delegation from you without signin and want to extend it is it possible to extend it ?

  ·  7 years ago Reveal Comment

Like you've done by liking your own comment.

  ·  7 years ago Reveal Comment

Like you've liked your own comment
So it is also considered as spamming?

I agree with you.