The key problem seems to be IOPS - it's incredibly meager and pegged directly
to storage size and unless you increase your storage size to terabytes and
spend.
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PostgreSQL attempts to do a lot of its work in memory, and spread out writing
to disk to minimize bottlenecks, but on an overloaded system with heavy
writing, it's easily possible to see heavy reads and writes cause the whole
system to slow as it catches up on the demands.