Kraken is down | Hacker News Reader

Kraken is down

status.kraken.com

41 pointssvaja13 comments

Common startup wisdom is that having to deal with too many users is a "good problem" to have, along with notions of launching fast first and solving scale later.

But of course sustained rapid user growth without a robust preexisting scalability approach means you're caught with your pants down, and it's a struggle to put them back up, at least until new user traffic starts to die down.

Another version of this is : investors don't want to pay for scalability if the business never takes off.

Considering that only perhaps 10% of businesses take off, this isn't a bad approach but it does mean doing some catch-up in the event of success.

It can also be hard to predict exactly where scaling challenges will lie without having the scale traffic to inform you. That is, much time and effort can be expended solving non-problems that never appear.

I am honestly torn. I have used kraken to make several thousands of dollars, but I am always at awe with myself for using such a shitty site. If any of the other exchanges could figure out how to validate faster, you would see an influx from people heading there just to avoid the common cloudflare errors that kraken users are used to seeing. I am tired of putting orders for thousands of dollars and having to refresh multiple times to see if they went through...

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Kraken CEO promised major improvements in Dec (https://np.reddit.com/r/BitcoinMarkets/comments/7eboh7/sugge...). What came of it?

This is the major improvement. They wanted to do it last week [0], but apparently it was delayed.

There was no email or information before this "maintenance", and customers just blindly had to take an entire day of cryptos being unavailable to them.

[0]: https://www.reddit.com/r/Kraken/comments/7pjflh/psa_system_u...

If the update will do good, I be happy. However, almost a day in time were market really changed. I wonder what will happen with all the margin traders.

Been signed up with kraken almost 5 months.....still have not traded a dollar because i could not log in. Took 2 months to get an email about the log in....worst site in the history of the internet. Mean while a friend that i told about kraken has made thousands and i am still not verified. Only takes 2 months for customer service to get back with you. Fuck kraken!

Am I the only one who is seriously thinking that the guys took money from all of us and they run away. From 2h 'update' is now 2days 'update'. Sorry, I realy dont believe this story...

This isn't news? It's been basically unusable since Thanksgiving...

They are finally doing the long-overdue upgrade, quoting: "We are upgrading our trading engine, which means yes - less cloudflare issues and orders will execute smoothly."

https://www.reddit.com/r/Kraken/comments/7pjflh/psa_system_u...

Has been really flaky for a while, I guess that's why they're having scheduled downtime.

Now however - after 6 hours - I'm starting to worry about my USD150. ;-)

Agreed, nothing inspires confidence like random 500 errors when clicking through the withdraw/deposit screens.

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