coinbase and amazon web services error

Massive AWS S3 Outage Causes Coinbase Error

Large scale disruptions occurred today (20170228) as the “Simple Storage Service” (S3) provided by Amazon Web Services suffered what Amazon has called “increased error rates.” No information is currently know about what has caused these “increased error rates” in the Amazon servers. The fallout from this wide spread outage has been staggering. One of the many services experiencing problems is the major Bitcoin web wallet Coinbase.com (and their connected GDAX exchange). The status page for the site displayed the following error reports:

Coinbase status page

Both Amazon and Coinbase have reported that they are working to resolve the issues.

The recent outage in services has caused many users to question why various financial institutions such as Coinbase have not established a more distributed back end architecture which implements redundancy across service providers. Such precautionary measures would prevent prolonged disruptions to service such as the one experienced by thousands of users today.

KEY INFORMATION SOURCES

SUMMARY

An article on Zerohedge reports:

A disturbance among several prominent websites, including Imgur and Medium to go offline, miss images or run slow, has been tracked to storage buckets hosted by Amazon’s AWS, which while not reporting any explicit failures, has posted a notice on its service health dashboard, that it has identified “Increased Error Rates” and adds that “We’ve identified the issue as high error rates with S3 in US-EAST-1, which is also impacting applications and services dependent on S3. We are actively working on remediating the issue.”

The abnormal state reportedly kicked off around 0944 Pacific Time (1744 UTC) today.

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willinspire

Entrepreneur Cryptocurrency Trader Forex Trader Internationally Published Model Model Coach, Model Scout Published Photographer USMC Veteran Violinist and Pianist Investor Visionary

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