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Author Topic: What are the advantage for how run a master node?  (Read 695 times)
Amadues (OP)
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June 21, 2015, 11:40:43 AM
 #1

What are the advantage for how run a master node?
 Because for what that I have understand, running a master node has the weight of high hard disk space demanding, low time of synchronization, none "monetary" advantage…
I missing some thing?!?

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Amph
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June 21, 2015, 12:08:04 PM
Last edit: June 21, 2015, 01:40:16 PM by Amph
 #2

well you will help the network, but what it really matter are the miners node not really the other ones(they could help against sybil attack though...), there is a discussion about this

there is a proposal for incentivating users to run full node, like a small reward, but it is all vaporware for now
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June 21, 2015, 12:28:35 PM
 #3

no, you are simply right. there is no financial compensation for running node. anyway, it is same like running tor relay..you are just doing something what you believe.

I hope, that some small reward will be in place in the future, because except bandwidth, it consumes shit lot of disk space and other resources..and growing in time.
eyeknock
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June 21, 2015, 01:37:56 PM
 #4

well you will help the network, but what it really matter are the miners node not really the other ones(they could help against sybil attack though...), there is a discussion about this

there is a proposal for incentivating users to run full node, like a small reward, but is all vaporware for now

thats would be perfect because for now ther eis no incentive to run a full node instead of give some support to the network, but dont expect that someday this will be done, at least i dont think this will change.
Meuh6879
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June 21, 2015, 01:48:41 PM
 #5

Quote
Because for what that I have understand, running a master node has the weight of high hard disk space demanding, low time of synchronization, none "monetary" advantage…




Trust have price.

Bitcoin is like that ... like P2P software at the beginning of 1998.
ranochigo
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June 21, 2015, 02:07:55 PM
 #6

What are the advantage for how run a master node?
 Because for what that I have understand, running a master node has the weight of high hard disk space demanding, low time of synchronization, none "monetary" advantage…
I missing some thing?!?
Back in the days, you had to run a full client to spend Bitcoin or a full node to mine. Nodes are beneficial for Bitcoin as it forms the backbone of the blockchain. Without these nodes, there wouldn't be blockchain or Bitcoin. Bitcoin Core is safer than SPV clients for example since they don't trust miner to enforce the network rules. They are essentially trustless clients. Bitcoin nodes are best to be distributed evenly around the world. The general thinking is the more nodes, the better. The nodes would be beneficial towards anyone near you who is downloading the blockchain since the speed would be faster. There are also lots of features.

Like you mentioned, there are some downsides to running one. The required hard disk space is around 40GB+ as of now. If the block size increases in the future, the amount of increment would be much higher than now. The hard disk price is decreasing due to the introduction of SSD and lower production cost. It doesn't cost much to get a new hard disk. Synchronization is reduced significantly with the introduction of heads-first synchronization. This would allow the client to get the blocks simultaneously from various nodes connected thus reducing the time taken to synchronize. But the bottle neck is there if your CPU isn't very powerful. There isn't any incentive to run a node now although there is a program that randomly rewards users https://getaddr.bitnodes.io/nodes/incentive/. To run a node, you must first run Bitcoin Core and open TCP port 8333. Ensure that you have more than 8 connections. 8 outgoing and 1 or more incoming.

Gavin Andresen has said that the network doesn't need nodes that shuts down frequently or isn't reliable. Network needs high uptime and reliable ones.

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