Coinmarketcap is collapsed from traffic

[Kittygalore]

~

It's not something where you simply just update your software and you're good to go. Chances are, this is going to need hardware upgrades as well. We like to talk crap about these services a lot, but let's not forget that these sites are one of the highest traffic websites outside the top social media platforms.

They should have expected that they will have a high traffic a long time ago given that cryptocurrency is gaining popularity and they are some of the top searches that is related to it, they could have slowly upgraded along the way.

[mk4]

They should have expected that they will have a high traffic a long time ago given that cryptocurrency is gaining popularity and they are some of the top searches that is related to it, they could have slowly upgraded along the way.

I could guarantee that these services do indeed upgrade their hardware and software in anticipation of traffic spikes; but traffic spikes can easily easily heavily go far beyond their expectations especially in times of huge volatility. It's not like they like their platforms to go down; they make money off web traffic and exchange fees, after all.

[Kittygalore]

~

I could guarantee that these services do indeed upgrade their hardware and software in anticipation of traffic spikes; but traffic spikes can easily easily heavily go far beyond their expectations especially in times of huge volatility. It's not like they like their platforms to go down; they make money off web traffic and exchange fees, after all.

Fair enough I guess, there will be down times and unexpected high times. But they should've had a measure placed in anticipation of this problem.

[pugman]

This. Since Binance acquired CMC, it seems that it suddenly became a bit too bloated that it's been taking the whole page to load when you scroll down immediately after opening the page. Even with parts of the page missing like so:



And it's been like this for a while now, not just in peak times.

I don't know bakut the missing parts but the amount of bloated shit on coinmarketcap is extremely annoying. Sucks cause I loveeeee CMC. But oh well it seems coingecko is better might as well give it a shot.

Coinmarket really was pissing me off yesterday during the crash but meh we hodl.

[Quickseller]

Coinbase was also down earlier in the day. Prices were down heavily today, and this resulted in heavier traffic to exchanges and sites like CMC. I wonder how much Coinbase and Binance going down contributed to the acceleration of price declines.

I read somewhere that they have resolved it already but it took almost an hour? I'm not really sure. A lot of people might have panic sold and was surprised when it bounced back right up a higher price again. Maybe they are involved with the whales having those types of orders? Or a lot of people just trying to access and it overloaded the system? Probably the latter.

You can see a history of outages and downtime at coinbase at https://status.coinbase.com/

The issue was first noted at 6:12 AM PDT, a fix was implemented at 7:38 AM PDT, and was marked at resolved at 8:36 AM PDT. There were a number of issues at coinbase throughout that day, and it looks like they might have had some additional downtime later that evening, when trading volumes were anticipated to be lighter to perform some maintenance.

It seems like many bitcoin related services and websites do not scale very well when they encounter heavy traffic volume. I understand why an exchange might have more difficult scaling 'on demand' due to security issues, but I would think it would be almost trivial for a site like CMC to scale. I would think CMC is fairly profitable, so I don't think cost would be an issue as to why they would be unable to scale.

[pooya87]

There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.

[plr]

using coinmarketcrap...yikes!



simple as (:

I also stop using Coinmarketcap, Coingecko is much better you can register here register your portfolio so you can only check coins that are on your portfolio, you also have rewards in the form of points where you can buy affiliate stuff with a big discount, if you are investing in new coins you can see it here first, Coinmarketcap is always last to list a coin sometimes they don't list at all.

[Quickseller]

There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.

This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell.

I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.

[shield132]

There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.

This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell.

I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.

DDOS? haha, exchanges don't need DDOS. They are never ready for massive traffic. Everyone, have a look at the past, Binance, for example, had problems a lot of times when the demand on certain coin and the traffic was increasing.

[Quickseller]

There is always a chance that these services (including the exchanges) are getting DDoS attacked because in the past there has been cases where the altcoin bag holders who were losing a lot of money wanted to prevent people from dumping their bags and started attacking to remove the option for others to sell.
Considering that a lot of newbies take their price from coinmarketcap.com making it go offline would prevent them from seeing how much money they have lost and can postpone their dump.

This is unlikely. When the price of bitcoin falls, the prices of altcoins tend to fall more. Also, when major services go down, the instinct is generally to sell.

I don’t buy the theory of DDOS for market manipulation, however if this was the case, it would probably be someone who is short crypto hoping to profit.

DDOS? haha, exchanges don't need DDOS. They are never ready for massive traffic. Everyone, have a look at the past, Binance, for example, had problems a lot of times when the demand on certain coin and the traffic was increasing.

I can assure you that all the major exchanges are subject to frequent DDOS attacks. The same is true for the forum, and probably most other bitcoin related websites that bring in a lot of people (profits).

You are right, exchanges tend to go down when trading volume spikes. This is not a DDOS attack but is a potential attack vector. In the past, Bitfinex was attacked by someone creating many accounts, and depositing small/dust amounts into their accounts, wrecking havoc on their hot wallet UTXO set to be used for customer withdrawals. Requiring KYC verification will stop this attack.

[Timelord2067]

CMC (and to a lesser extent CoinGecko lost out followers when they decided to become very selective concerning which coins/tokens/exchanges they are prepared to show on their website.  Another failing is when they DO list a coin/token/exchange and those details change (delisting/listing etc) neither updates that information.

Plus CMC has no real presence here in the forum.