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1  Bitcoin / Project Development / Re: [ANN] Bitcoin PoW Upgrade Initiative on: March 19, 2017, 03:51:48 PM
Since most of you obviously haven't read it, let me direct your attention to Section 6 of the Bitcoin white paper:

Quote from: Bitcoin: A Peer-to-Peer Electronic Cash System, Section 6
The incentive may help encourage nodes to stay honest.
If a greedy attacker is able to assemble more CPU power than all the honest nodes,
he would have to choose between using it to defraud people by stealing back his payments,
or using it to generate new coins.

He ought to find it more profitable to play by the rules,
such rules that favour him with more new coins than everyone else combined,
than to undermine the system and the validity of his own wealth.

2  Economy / Games and rounds / Re: 1000 BTC GIVEAWAY! From your friend rekcahxfb on: August 03, 2016, 04:17:54 PM
3  Bitcoin / Bitcoin Technical Support / Re: My Ubuntu full node is only using 10 connections on: May 23, 2014, 05:50:54 PM
edit the source code and change the # of outgoing connections.  i do 500 on a dedicated gigabit line.  this bursts up to 60-90MB/s for a second or two when a new block hits the network.

i tested it on my home connection once & after a new block, it'd saturate the upstream for a good 30s or so.  i guess that'd be a good way to slow down propagation, having 500+ connections and then limit upstream to 512Kbps or so.
That's probably a pretty bad idea, considering you're then eating up connection slots when you don't really need to, since you're perfectly able to be reached by other users. Editing your own outgoing connections beyond the standard 8, means there's less room for those who cannot forward port 8333 when behind a NAT.
4  Bitcoin / Bitcoin Technical Support / Re: My Ubuntu full node is only using 10 connections on: May 23, 2014, 05:48:45 PM
Last time I looked into the Satoshi client code it either ignored or de-prioritized peers listening on a non-default port.

Yup, that was the culprit. I read somewhere you could change the port and well... you can change it, but noone will connect to you then Smiley Thanks!
5  Bitcoin / Bitcoin Technical Support / Re: My Ubuntu full node is only using 10 connections on: May 23, 2014, 02:36:34 PM
Last time I looked into the Satoshi client code it either ignored or de-prioritized peers listening on a non-default port.
Will try and change it to the default then, and disable my other machine.
6  Bitcoin / Bitcoin Technical Support / Re: My Ubuntu full node is only using 10 connections on: May 23, 2014, 05:15:48 AM
No idea if its allowed, but I'm bumping this post once for visibility. The problem still boggles my mind :/
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metadisk - Blockchain Based Cloud Storage - Powered by Storj on: May 22, 2014, 05:23:57 AM
Already had a reply on here for batch #1, but trying again for visibility for batch #2.

Really interested in trying to stress a system like Storj / Metadisk!
8  Bitcoin / Bitcoin Technical Support / My Ubuntu full node is only using 10 connections (fixed) on: May 20, 2014, 10:52:44 AM
I recently set up a full bitcoind node in Ubuntu 14.04 x64. Here's the bitcoin.conf excluding rpc info:


The node is behind a NAT. External IP is written correctly in the config. I've had to change to port 8334, but it is forwarded fine and I'm getting more than 8 connections. The node is listed at as well and should be reachable and should be functioning correctly.

However, I'm only hovering around 10-11 connections. The node is on a dedicated machine with a decent fibre connection and I want to allow 100+ connections and support the network.

I tried simply waiting, but after 24~ hours its still at 10 connections, sometimes 11.
I have a Windows machine behind the same NAT that has port 8333 forwarded and its connection count is currently at 59.

What am I doing wrong? Smiley

9  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metadisk - Blockchain Based Cloud Storage - Powered by Storj on: May 19, 2014, 06:41:20 AM
What happens when this three nodes lose connection?

If the 3 nodes that hold a specific fragment you want to download go offline at the same time, you won't be able to access that fragment until one of them come back online. It's a scenario that's unlikely to happen, but Murphy's Law shouldn't be ignored either.

I personally don't think 3x redundancy will be enough with the current reward system. The retrieval speed of files and file availability will become an issue at times. Essentially, downloading your files from 3 nodes, is similar to you downloading a file via BitTorrent with 3 seeds. More often than not, if those 3 seeds are just at random locations throughout the world, chances are your speed will suck.

Now, if Metadisk/Storj early on implements a scheme to reward not only available storage space, but also stability and speed, then I can see 3x redundancy working wonderfully. A project like Storj will depend an awful lot on the stability of its network, and since it's decentralized, also on how many people are using it AND using it while having a good experience doing so.

Incentivizing stability and speed is key. Otherwise you risk ending up with humongous amounts of unreliable and slow storage space.
10  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Metadisk - Blockchain Based Cloud Storage - Powered by Storj on: May 16, 2014, 11:08:27 AM
Would also really love to be a part of the beta. Been looking forward to try and stress such a system with different setups, disk configs, types of internet connections and so on.
11  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] Storj - Decentralized Storage on: May 06, 2014, 03:05:57 PM
So, when can I start selling my terabytes of space? I'm about to go and buy 49 hard drives which will connect to my 49 port USB hub.

Do I get paid in bitcoin? Can I be anonymous?
We are building out the front end app first, and we are almost ready to release it. You can have all the space you want, but if no one is buying it you won't earn a penny.
If you run a full web node yes you can get paid in Bitcoin, and be somewhat anonymous. Don't want to give a specific date for the selling portion. We don't make two week(tm) promises.

Get some good data on my proof of storage algorithm this month. After that we will doing limited testing with early supporters till we get it right.
Getting it right is key to get the starter momentum and a project like this will only flourish with A LOT of attention at the very start, so the first-time experience for buyers and sellers is vital to Storj's success. Great to hear you're putting some effort into making sure things are running smoothly instead of just throwing proof-of-concept alpha software out there.
12  Bitcoin / Mining / Re: Mining in a pool and just found my first block on: November 27, 2013, 01:50:22 AM
For the past 6 months, I've found 3 blocks @ with my 9~GH/s.

Meh, would probably have found 0 if I had solo mined, can't predict the future and can't affect luck Smiley
13  Economy / Economics / Re: Do you really believe in bitcoin as a currency? on: November 17, 2013, 08:02:29 PM
Bitcoin is the most groundbreaking invention you will witness during your lifetime.
14  Economy / Speculation / Re: All-time high price? on: November 07, 2013, 12:06:38 PM
I don't understand why people keep talking about bubbles. The supply is fixed (or capped, to be precise). The demand keeps increasing and nothing indicates that the demand will stop increasing. That is really all anyone needs to know.

Even supposing we, somehow, were in a bubble, something would have to cause it to pop. I would like very much for the bubble proponents to explain what this something might be but it rarely happens.
I wholeheartedly agree with your view of the situation. With a fixed supply and increasing demand, the only thing affecting the price will be "What can I use this currency for?". When the general public starts grasping the possibilities of Bitcoin "Shit will start gettin' crazy" in lack of a better way to put it.

Of course, demand could start going down and $/BTC along with it. However I have yet to have anyone make a convincing argument for there not being a demand for an untraceable, no fee, world wide, distributed currency. Most don't understand the enormous gravity of the situation of having a currency like that in the hands of the people, uncontrolled by governments and financial institutions.

I can see a future where Bitcoin has stabilized enough to be taken seriously. If Bitcoin becomes a real alternative to Gold or Silver... then prepare to be amazed.
15  Economy / Speculation / Re: All-time high price? on: November 07, 2013, 10:16:44 AM
Looking at the current amount of Fiat invested into Bitcoin, we are nowhere near, at all, even remotely close to where the price of Bitcoin will stop rising. Looking at we are in the hundreds of millions invested into Bitcoin. Let's be nice and say that there's roughly 1 billion dollars invested into Bitcoin at this moment, on a global scale, that amount is a joke. The $/BTC will fluctuate heavily, given that the currency is in its infant stage, but over time, we've all seen the trend and that trend will continue.

The potential for criminal activity with Bitcoin is extreme and people are slowly catching on. Tax evasion, drug money, extortion payments, the list goes on. If you're a criminal and you're getting paid/paying in Bitcoin, financially, you're untraceable if you know what you are doing.

We have seen nothing yet.
16  Other / CPU/GPU Bitcoin mining hardware / Re: 38 th/s BTC miner on the way.. on: November 06, 2013, 10:45:51 AM
At BTC2 a piece, these will never make ROI.

Even at 38GH/s and if one would receive a miner as early as the 15th of November (which is highly unrealistic) one day after their promised shipping date, the miner would make a total of BTC1.68 according to At a conservative 30% diff. increase per 2016 blocks.

If you receive the miner today and mine for 8 months straight, you'd just barely make BTC2.

Do not invest.
17  Bitcoin / Mining speculation / Re: vs on: November 03, 2013, 06:31:44 PM
4% seems somewhat reasonable, but it'll be interesting to see what effect this will have on the GH/s price. Coupled with the upcoming difficulty jumps, there should be some pretty heavy drops in prices.
18  Bitcoin / Mining speculation / Re: Next difficulty ~510,000,000 ? on: November 03, 2013, 06:25:35 PM
I'm putting my money on

Their track record speaks volumes Smiley
19  Bitcoin / Mining speculation / Re: Block Erupter is worth it? on: November 03, 2013, 06:21:51 PM
I never really understood why anyone would have bought Block Erupters to begin with. They have always been way overpriced and setting them up and mining with them is such a hastle.
20  Economy / Service Discussion / Re: Good price at on: October 30, 2013, 02:36:30 PM
I realize they need some sort of way to make money at to run things, but $0.001 maintenance fee per GH/s PER HOUR... wow. That's alot. That's $24 a day just in maintenance to keep 1TH/s online through bought GH/s... They just killed themselves :/
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