hantsowl
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Post by hantsowl on Jul 4, 2017 11:12:00 GMT
Strange, I logged in around 9.30, saw the availability, made a deposit (confirmed almost instantly) and then made a purchase without problems. I've never had problems. Not strange really. The 09:00 frenzy will have abated by then. The smaller renewals gone, and anyone after the GAL will have grabbed their £250 max, even if having to try numerous times due to the timeout/hangs. 09:30 will always be a quiet time with little server load, the downside is that you will likely have missed any renewals. Today's GAL was an exception with much availability and a relatively small maximum limit.
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Post by angrykittens on Jul 4, 2017 12:05:30 GMT
I confirmed the £25 max in each of the smaller loans, both tabs stuck on processing indefinitely. Confirmed £250 investment in the bigger loan on 4 separate tabs, all stuck on processing. Logged in on my phone and got £250 confirmed within 2 minutes (about 09:20). Smaller loans had obviously gone.
You guys need to look at Azure or AWS and build a properly scaleable solution, give that poor hamster a rest that you have powering your current infrastructure.
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n
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Yet another Nick
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Post by n on Jul 4, 2017 12:06:29 GMT
Once COL can get shot of all the pesky jewellery loans this will no longer be an issue. I like the jewellery loans. Indeed I would like more of them. And I cannot be alone, otherwise we would'nd have this issue of so many others sharing the same wish to buy them up. I am sorry that you have taken my tongue in cheek comment to mean that I don't like the jewellery loans. I do, and that is the reason I joined the platform in its early days. It has now become evident that Property was always the grand plan, and I understand and respect that. However, I have plenty of property loans elsewhere so I have only been taking a nominal £1 steak in each. As the platform grew and became more established so my trust and lending also grew. I am sad that it appears my balance has reached a peak and will now be reducing as the jewellery loans are redeemed over time. For me, to start investing in the property loans here I would like to see at least a 12 month track record, ideally with a couple of well handled defaults included. Maybe I am overly cautious, but I look back at when FS started doing property in a big way - everything was fine and dandy for about a year before some probing questions started getting asked on this forum. Clearly the FS business model has some issues which Col built theirs to avoid. I will be 'watching this space' closely and when I feel comfortable I shall start investing here again. As for my earlier post, there being an at par SM it seems that the natural way of things is that it will always be feast or famine controlled by supply and demand (as kindly explained by Paul at Ly!). The relatively small size, growing rarity and fierce popularity of the jewellery loans ensure they will always be in famine mode, leading to a huge FFF strain on the infrastructure whenever a planned opportunity is presented. It remains to be seen what will happen when (or indeed if) the property loans renew, but it seems to me that due to their larger size there would be more availability so a minimum chunk size of £25 would probably be enough for 100s of investors which should alleviate the concentration of FFF at exactly the release time.
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n
Member of DD Central
Yet another Nick
Posts: 879
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Post by n on Jul 4, 2017 12:08:22 GMT
Once COL can get shot of all the pesky jewellery loans this will no longer be an issue. An unfortunate and unwelcome comment n , it is patently clear that the issue lies not with the jewelry loans per se but with a repeatedly flagged up fault within an under-specified collateral server. Gordon's oh so regular apology's for this persistent failure are IMO wearing a tad thin and that to be fair is me being diplomatic... I refer the honorable gentleman to my answer to the previous question above. Seriously, I'm sorry you took my post in a way that wasn't intended.
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Post by angrykittens on Jul 4, 2017 12:12:52 GMT
An unfortunate and unwelcome comment n , it is patently clear that the issue lies not with the jewelry loans per se but with a repeatedly flagged up fault within an under-specified collateral server. Gordon's oh so regular apology's for this persistent failure are IMO wearing a tad thin and that to be fair is me being diplomatic... I refer the honorable gentleman to my answer to the previous question above. Seriously, I'm sorry you took my post in a way that wasn't intended. I was about to add a scathing reply to your jewelry criticism post as well, and then saw your above 2 posts, sadly well intentioned humor and sarcasm doesn't always transmit in text form... I'm glad your clarified!
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Post by dan1 on Jul 4, 2017 12:23:58 GMT
I like the jewellery loans. Indeed I would like more of them. And I cannot be alone, otherwise we would'nd have this issue of so many others sharing the same wish to buy them up. I am sorry that you have taken my tongue in cheek comment to mean that I don't like the jewellery loans. I do, and that is the reason I joined the platform in its early days. It has now become evident that Property was always the grand plan, and I understand and respect that. However, I have plenty of property loans elsewhere so I have only been taking a nominal £1 steak in each. As the platform grew and became more established so my trust and lending also grew. I am sad that it appears my balance has reached a peak and will now be reducing as the jewellery loans are redeemed over time. For me, to start investing in the property loans here I would like to see at least a 12 month track record, ideally with a couple of well handled defaults included. Maybe I am overly cautious, but I look back at when FS started doing property in a big way - everything was fine and dandy for about a year before some probing questions started getting asked on this forum. Clearly the FS business model has some issues which Col built theirs to avoid. I will be 'watching this space' closely and when I feel comfortable I shall start investing here again. As for my earlier post, there being an at par SM it seems that the natural way of things is that it will always be feast or famine controlled by supply and demand (as kindly explained by Paul at Ly!). The relatively small size, growing rarity and fierce popularity of the jewellery loans ensure they will always be in famine mode, leading to a huge FFF strain on the infrastructure whenever a planned opportunity is presented. It remains to be seen what will happen when (or indeed if) the property loans renew, but it seems to me that due to their larger size there would be more availability so a minimum chunk size of £25 would probably be enough for 100s of investors which should alleviate the concentration of FFF at exactly the release time. I interpreted your original post in the way it was intended n . Great response to those who didn't btw I concur with your thoughts regarding the property offerings on COL. I would also add that not being a BH I don't need to invest in their property loans. I've also got in the back of my mind the loss of interest if I decide to liquidate during a feast - I predict the same comments as we see over on the Lendy board.
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Post by dan1 on Jul 4, 2017 12:28:14 GMT
Thursday should be interesting with 7 sparkly renewals to fight over.
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star dust
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Post by star dust on Jul 4, 2017 12:42:22 GMT
Well, at least n won't be there with us adding to the server load (think one of these was missing from his post )
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Post by dan1 on Jul 4, 2017 12:46:22 GMT
Well, at least n won't be there with us adding to the server load (think one of these was missing from his post ) Nor dan1, I hear bots are banned
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mrflush
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This is not me
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Post by mrflush on Jul 5, 2017 8:03:39 GMT
Thought I'd have a go this morning as I was there anyway and the clock said 08:58. Site was super fast but I wasn't fast enough to get anything.
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Post by angrykittens on Jul 5, 2017 8:21:52 GMT
Thought I'd have a go this morning as I was there anyway and the clock said 08:58. Site was super fast but I wasn't fast enough to get anything. Pretty much this, not sure if it's because not many people bothered because there was only room for 2 investors across both loans, good test tomorrow with 7 loans renewing. Just over 10k available so at least 400 investment slots available with a £25 limit on each loan.
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mrflush
Member of DD Central
This is not me
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Likes: 40
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Post by mrflush on Jul 5, 2017 8:37:53 GMT
I'm sure it was because not many bothered, as I wasn't going to, and don't unless there are something like at least 10 portions up for grabs.
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Post by Collateral Rep on Jul 5, 2017 9:20:59 GMT
Morning,
Due to the issues we're having with the renewals, the developers have asked us to set tomorrows 7 loans to go live with 15 minute intervals.
Apologies for any inconvenience this may cause.
Many thanks,
Gordon
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Post by dan1 on Jul 5, 2017 9:36:38 GMT
Morning, Due to the issues we're having with the renewals, the developers have asked us to set tomorrows 7 loans to go live with 15 minute intervals. Apologies for any inconvenience this may cause. Many thanks, Gordon Good to see the renewals separated. Hopefully the 15 mins interval will allow the developers to collect all the information they require on server load. Longer term I'd ask for 5 min intervals - I'd prefer to spend 30 mins rather than 90 minutes on renewals.
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Post by mrclondon on Jul 5, 2017 16:05:08 GMT
FWIW I think the current difficulties stem from the relatively recent influx of a sizable block of new lenders such as myself who followed the Bolton loan across from MT wanting to now grab a toe hold in these historic loans, and what from a cursory glance appears to be an inefficeint web browser to COL web server workflow that seems to make at least 5 different https calls to place a bid (on any loan, not just renewals).
I observed this using the Firebug addin for firefox which shows the length of time each call makes to return the data, and normally shows slow to respond third party trackers / ad servers. I assume some of the calls to the COL server are validating the bid server side, prior to it being placed but it doesn't seem a particularly scalable approach.
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