LocalBitcoins Back Online Following 'Hardware Failure'
Global bitcoin marketplace LocalBitcoins is operating again following over six hours of downtime it attributed to a 'hardware failure'. The company announced the outage at 20:22 UTC yesterday. By 03:02 it said the service was 'back up and running', though it appears some site functionality - including user logins - is still problematic. LocalBitcoins community manager 'Max' told Reddit the problem was related to the company's servers: "It seems a server got hung up ... We're about to move to new equipment as the current servers are quite old, sad that they had to crash before we moved."....
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Editor's Note (2PM CST): LocalBitcoins.com is now back up. Users are reporting that withdrawals are working fine. Though the LocalBitcoins team had to rescind their ETA multiple times, they were very good about keeping users updated via twitter. Websites go down for various reasons: Scams aren't the most common reason but the idea sure sticks with you. Hardware failure is an incredibly unfortunate happenstance that many a miner can relate to. Clearly, LocalBitcoins had backups in case of this occurrence. Last week, LSM Labs took their website down without warning, a response to being....
Bitcoin exchange LocalBitcoins is currently experiencing a lengthy outage brought about by server hardware issues. However, the exchange has reassured its users that all bitcoins are safe and sound. LocalBitcoins confirmed the outage in a blog post on Sunday with a brief statement: "Our server had gone down yesterday. The reason might be hardware failure. We are researching the issue and trying to get the site back up." The company also tweeted that no bitcoins or data had been lost in the outage: Trying to get service back up. Can't provide ETA yet. All btc is safe, all data is safe, this....
Popular bitcoin buying/selling connecting service LocalBitcoins.com has been suffering from an extended outage this weekend, with its numerous users unable to access the website for hours. The service - no stranger to periods of downtime - has remained rather quiet on this issue, leaving many questions what the issue is. They have, however, shed some light. Last posting on their twitter feed eleven hours ago (as of this writing), the service estimated an estimated time of repair to be approximately two hours - apologizing to users for the inconvenience. More information came in the form of....
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
A seven-hour Sequencer outage prevented transactions from being processed for the period, but all is operational again at the time of publication. The Ethereum layer-two network Arbitrum has suffered its second outage in less than five months following a hardware failure.Arbitrum is back online at the time of writing but the team did report some downtime during the late hours of Jan. 9. The timing of the tweets suggests that the network was down for around seven hours.At the time, the Offchain Labs platform reported that it was experiencing some issues with the sequencer which prevented....