Dogecoin mining announcement crashes streaming company’s website

Mar 12, 2021 | CoinTelegraph News | 0 comments

dogecoin-mining-announcement-crashes-streaming-company’s-website

A massive online traffic surge temporarily overloaded a website back in February after the company announced that it invested in Dogecoin.

Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February.

According to a press release issued by the company on Thursday, the incident occurred shortly after it announced significant investments in Dogecoin (DOGE) and Litecoin (LTC) mining.

At the time, Hello Pal outlined the acquisition of a 15% stake in a Dogecoin and Litecoin mining facility. According to reports, the mining farm in question is the largest in the world dedicated to mining DOGE and LTC with a capacity of 70 megawatts and housing over 90,000 rigs.

Also, the social platform revealed that it had taken delivery of over half of the planned 12,500 mining rig inventory dedicated to DOGE and LTC mining.

According to Hello Pal, news of the Dogecoin and Litecoin mining investment triggered a massive spike in online traffic on its website that exceeded over 1,000%. This activity surge was enough to crash the site temporarily.

Hello Pal’s streaming services and suite of apps also experienced similar upticks in online visits but did not suffer any outage during the period. For Hello Pal founder KL Wong, the traffic surge that led to the website crash was a positive development, stating:

“The sharp increase in activity on our website and the Hello Pal app validates the clear position we have taken on Dogecoin as well as on cryptocurrency in general.”

The Dogecoin mining venture also serves as an expansion of the company’s cryptocurrency footprint. Hello Pal already offers a crypto wallet service for Bitcoin (BTC), Ether (ETH), and other digital assets.

Crypto-driven interest causing online traffic spikes is not a new occurrence. Even cryptocurrency exchanges suffer platform outages during periods of peak market activity.

Dogecoin is also experiencing renewed popularity in recent months amid backing from the likes of Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban.

News Source from CoinTelegraph.com

Related Articles

Ether futures on CME hit new highs for volumes, open interest

Ether futures on CME hit new highs for volumes, open interest

Ether futures traded on CME Group, the derivatives exchange operator, hit record highs in both volumes and open interest in early April. Launched on the exchange on February 8, ether futures give institutions a method of hedging against price movements in the price of...

Pin It on Pinterest

Share This