Memory is cheap -

[TKeenan]

Somehow we worry about going to 2MB/block for fear of 'bloat', yet this is how much memory costs:



Today, you can buy enough memory for the entire blockchain for a few dollars.  

[1714777086]

1714777086

[1714777086]

1714777086

[1714777086]

1714777086

[Za1n]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

[jeanne0012]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

Yes, that is exactly what Chines miners are worring about. The increasing block size may impact their mining facility and the rate of mining reward.

[TKeenan]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol.  You only have to download the chain one time - forever. 

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes?  Clearly you failed your math A levels. 

[Holliday]

OP, how much bandwidth has your full node used in the last month? What's your uptime like? How many connections do you normally have?

[lottery248]

lol of course, because of the moore's law. and we have less silicon needed to produce the same amount of memory.
moreover this is based on HDD but not yet recording what SSD just did.

[Cyaren]

lol of course, because of the moore's law. and we have less silicon needed to produce the same amount of memory.
moreover this is based on HDD but not yet recording what SSD just did.

Yeah, most of the time the processing power + storage are actually increasing by more than Moore's law. I

t's going to get cheaper with the years coming.

[unamis76]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol.  You only have to download the chain one time - forever. 

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes? 

This is true. However many people have high pings and difficulty getting a few kb through censorship walls. Bandwidth is an issue for some. But is it an issue for 2mb blocks? That I guess we don't know, unless there are chinese miners around

[Amph]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol.  You only have to download the chain one time - forever.  

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes?  Clearly you failed your math A levels.  

not to mention those same people are willing to download easily from any torrent 60 gb of games, without thinking, so there is must something wrong in their brain function i believe....

[CoinsRoyal]

Memory is pretty cheap these days you can get loads of memory for a god price. Technology is getting better and you know have more memory on a smaller platform so it is only normal for memory to get cheaper.

[LoyceV]

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

Yes, that is exactly what Chines miners are worring about. The increasing block size may impact their mining facility and the rate of mining reward.

So China has it's great firewall with very limited bandwith, but they also have the cheapest (and dirtiest!) electricity. The cheap electricity made them the main miners, pushing all competition off the market, and since they all share the same interests, they have the power to keep blocks small.
I see a chicken-egg problem, which limits the growth of Bitcoin.

[Denker]

What is this?
Another stupid thread and attempt to scream for bigger blocks??
The roadmap is out!And it's a good one.This had been discussed in a hundred threads now.
Getting tired of this.

[aarons6]

i think the issue with the bigger blocks isnt the hard drive space..
its the fact that right now you have to include a fee to send bitcoin.. if you dont it will surely get rejected and not sent..
but once the blocks are made bigger there will be so much empty space that even zero fee transactions will get included.. and when those blocks get filled people will start screaming for even larger blocks..

this is a problem, because the miners are supposed to get the fees.. and if you make them less needed.. they will get less..

[yonique]

the size even, it just shows how smart human minds can develop and achieve

[alani123]

I can't be the only one that remembers the time when user to user data transfers would mostly happen offline because home internet was unreliable and bandwidth was expensive. This is still the case for many countries, and home internet isn't exactly cheap for most of the world. Hard drive space isn't the only issue.

[traderbit]

The blockchain size isn't too much, we download many things online and when you think you download all the blockchain for less than 100GB it isn't too much. I'm pro 2MB/block.

[Lauda]

Here we go again, threads that are a result of inadequate research. 2 MB block size limit:

• Increase storage requirement (the blockchain is already huge(
• Increased network requirement
• Attack vector at 2 MB (validation that takes longer than 10 minutes)
• 2x TX capacity

Segwit gives you almost the same amount of TX capacity while avoiding the attack vector, scaling down the validation from O(n^2) to O(n) making it linear. It also comes with other benefits and fixes required for LN.

[Ultrafinery]

... many people have high pings and difficulty getting a few kb through censorship walls. Bandwidth is an issue for some.

And electricity costs are an issue for others. If mining becomes slightly less centralized in China, I won't lose any sleep.

Segwit gives you almost the same amount of TX capacity ...

Segwit, or rather the promise of segwit in another Two Weeks^TM year, give me exactly the same amount as NOTHING.

[calkob]

And it will only keep falling in the coming years 

[Carlton Banks]

Irony alert lol. Cheap RAM is an argument for Lightning channels, not Gavin Andresen BloatCoin. Duh, OP. Duh.