Hello Pal Reveals Dogecoin & Litecoin Mining Issues.

Hello Pal Reveals Dogecoin & Litecoin Mining Issues.

2021-03-12 | Selina Mathew

Hello Pal Reveals Dogecoin & Litecoin Mining Issues.

A renowned Canadian social platform, Hello Pal, has revealed that its website suffered a short-lived outage earlier in the month of February. According to an official update issued by the firm earlier on Thursday, the incident occurred shortly after it outlined a significant investment in Dogecoin [DOGE] and Litecoin [LTC] mining. At the time of timing, Hello Pal added that the acquisition of a 15% stake within a Dogecoin and Litecoin mining facility. consistent with reports, the mining farm in question is that the largest within the world dedicated to mining DOGE and LTC with a capacity of 70 megawatts and housing over 90k rigs. Also, the social platform revealed that it had taken delivery of over half the planned 12,500 mining rig inventory dedicated to DOGE and LTC mining. In line with the Hello Pal, news of the Dogecoin and Litecoin mining investment triggered a huge spike in online traffic on its website that exceeded over 1k%. This activity surge was enough to crash the location temporarily. Hello, Pal’s streaming services and a suite of applications also experienced similar upticks in online visits but didn't suffer any outage within the period of time. For Hello Pal founder KL Wong, the traffic surge that led to the web site crash was a positive development, explaining:
“The sharp increase in activity on our website and therefore the Hello Pal app validates the clear position we've taken on Dogecoin as also on cryptocurrency generally .”
The Dogecoin mining venture also is an expansion of the firm’s crypto footprint. Hello, Pal already offers a cryptocurrency wallet service for Bitcoin [BTC], Ethereum [ETH], and other virtual assets. Cryptocurrency-driven interest causing online traffic spikes isn't something new for the market. Even cryptocurrency exchanges suffer platform outages during times of peak market activity. Dogecoin is additionally experiencing renewed popularity in recent months amid backing from the likes of Tesla CEO Elon Musk & Dallas Mavericks owner Mark Cuban.

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