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21  Bitcoin / Pools / Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: July 15, 2014, 04:41:56 PM
Hey guys,

Another quick question.  I'm trying to understand the mining difficulty charts.
Does the "Thash/s" label on the y-axis mean the total hash-rate worldwide per second?  As in, every single miner in the world (all of us) added together?

Thanks!
22  Bitcoin / Pools / Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: July 10, 2014, 05:53:11 PM
Thanks for the answers : ).
23  Bitcoin / Pools / Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: July 10, 2014, 04:49:25 PM
Quote from: spazzdla on July 10, 2014, 04:28:21 PM
Hum.... you need the entire transaction history so people know what has happend......  I think it's time you do some youtubing for yourself.. a good 100 hours of it.. starting at what is money.
Why won't just the latest blocks do?  If nothing has gone wrong, can't very old blocks just expire? 
If I use internet banking, my bank won't let me dig up transactions that are more than a couple of years old.
24  Bitcoin / Pools / Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: July 10, 2014, 04:15:45 PM
i) What are the advantages of being a node?  Is there any reward?  Or just a feeling that you've contributed to the community?
ii) Why is it necessary for nodes to have the entire transaction history?  What use do the earliest transactions still serve?
I would have thought you'd only need the latest ones.
25  Bitcoin / Pools / Re: [5000 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff on: July 10, 2014, 09:20:15 AM
Hey guys, a quick (general) question about mining...

I was reading a tutorial about mining and it said this:
Quote
A Bitcoin node is basically an electronic bookkeeper, and anybody in the world can set up and run one. Each node has a complete copy of the public ledger – that’s a record of every Bitcoin transaction that ever happened, in history, all the way back to the very beginning of Bitcoin. As of today, the public ledger contains more than 30 million transactions and requires 13 GB of disk space.

A 'node' is each one of us, right?  I don't ever remember downloading a 13GB ledger in order to do mining.
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