During the highly volatile period in February, the subsequent surge of internet traffic had caused a momentary outage for streaming platform Hello Pal, after it was shared that they had declared their interest in Dogecoin (Doge). Summarised in their press release issued by the firm, they had confirmed the outage had occurred in tandem with its announcement that they would be acquiring a stake in a mining operation for Dogecoin (Doge) and Litecoin (LTC).
The platform outlined the details of the investment declaring a 15% stake in the cryptomining facility. The mining company is thought to be one of the largest in the world dedicated to both Dogecoin (Doge) and Litecoin (LTC) with a power usage capacity of 70 megawatts. It was also disclosed that over half of the expected 12500 Dogecoin mining rigs had already been dispatched.
Hello Pal confirmed that the interest from the Dogecoin and Litecoin investment news was directly responsible for a rush in traffic to the website that was over 1000% of the regularly anticipated activity, flooding the server leading to the outage. The different branches of Hello Pals services also faced similar increases in traffic but did their associated websites did not capitulate from the surge. The Founder of Hello Pal KL Wong believed the scenario 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 (Doge) and Litecoin (LTC) mining operation also demonstrates as an example of the platforms cryptoasset footprint. The platform currently offers a crypto wallet service for Bitcoin (BTC), Ethereum (ETH) and more.
Crypto-propelled curiosity resulting in online traffic spikes is becoming an increasingly common occurrence with even large multinational exchanges experience outages during peak market activity. Dogecoins popularity is also experiencing revived interest in recent months amid support from Telsa CEO Elon Musk and Mark Cuban the owner of basketball franchise the Dallas Mavericks.
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