LocalBitcoins Back Online Following 'Hardware Failure' – The Basics about Cryptocurrency

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.”

Two weeks ago, the Helsinki-based site announced upgrades to its servers that would log users out. It is unclear if the two events are linked.

Founded in 2012, the peer-to-peer marketplace matches local bitcoin buyers and sellers across 246 countries. Users have the option of transacting online or in person.

The company had not responded to a request for comment by press time.