Anyone know the Bitcoin blockchain growth rate?

[dawnasor]

Anyone her knows the  Bitcoin Blockchain Growth rate per year?

[xhomerx10]

Anyone her knows the  Bitcoin Blockchain Growth rate per year?

 You can check this graph and as you move your cursor along it, it will show you the exact size on a given date.
For a small donation to a charity of my choosing, I will calculate the apparent growth rate per year if you like.

 Edit: The blockchain appears to double in size year over year. (that's a gross estimate based on simple observation)

[DannyHamilton]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

[dawnasor]

Thanks for help xhomerx10 and DannyHamilton its help my research in bitcoin.

[Kakmakr]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

It is staggering to think what the impact of a 2 MB per block or even a 8 MB per block will be on the bandwidth and diskspace requirements to run a node. I agree, not all blocks will be full at all times, but what would happen, if it does. A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time, so this will effectively only allow people with Uncapped internet to host a node. < Weakening decentralization >

Off-chain solutions makes so much sense, when you look at these scenarios.

[shorena]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

It is staggering to think what the impact of a 2 MB per block or even a 8 MB per block will be on the bandwidth and diskspace requirements to run a node. I agree, not all blocks will be full at all times, but what would happen, if it does. A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time, so this will effectively only allow people with Uncapped internet to host a node. < Weakening decentralization >

Off-chain solutions makes so much sense, when you look at these scenarios.

8*4.4 < 60

[Soros Shorts]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

It is staggering to think what the impact of a 2 MB per block or even a 8 MB per block will be on the bandwidth and diskspace requirements to run a node. I agree, not all blocks will be full at all times, but what would happen, if it does. A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time, so this will effectively only allow people with Uncapped internet to host a node. < Weakening decentralization >

Off-chain solutions makes so much sense, when you look at these scenarios.

8*4.4 < 60

While the number is 35.2 GB that only counts for confirmed blocks. You would still burn through multiple times that just for the download part of your internet usage because of relaying of unconfirmed transactions.

[Cereberus]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

It is staggering to think what the impact of a 2 MB per block or even a 8 MB per block will be on the bandwidth and diskspace requirements to run a node. I agree, not all blocks will be full at all times, but what would happen, if it does. A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time, so this will effectively only allow people with Uncapped internet to host a node. < Weakening decentralization >

Off-chain solutions makes so much sense, when you look at these scenarios.

Well I guess you live in a very undeveloped country over there. Even third world countries nowadays have an unlimited internet connection and they can use as many gigabyte per month as they want. Also the disk space I think it will be no problem as 4 TB harddisks are already here and they don't cost that much considering the space they offer to the user. Even a 2 TB harddisk would be a good choice for the few upcoming years of bitcoin, if the block size increases.

If the block increases to 2 MB it will be 105 GB approximately per year or 2100 GB per 20 years. So I do not see any problem with that although I am totally against the increase of the block limit.

[Kakmakr]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:

• 1 MB every 10 minutes (on average)
• 6 MB every hour (on average)
• Approximately 144 MB per day
• Just a bit over 1 GB per week
• A bit less than 4.4 GB per month
• A bit less than 52.6 GB per year

It will generally be a bit less than the limit since not every block is always filled 100%.

If the block size limit is increased in the future, then the blockchain will grow faster, but making such a change will require an overwhelming majority of nodes, miners, and pools to all agree on the new rule.  It is impossible to predict what limit might be agreed to, and therefore impossible to guess what the maximum growth rate would be under new rules.

It is staggering to think what the impact of a 2 MB per block or even a 8 MB per block will be on the bandwidth and diskspace requirements to run a node. I agree, not all blocks will be full at all times, but what would happen, if it does. A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time, so this will effectively only allow people with Uncapped internet to host a node. < Weakening decentralization >

Off-chain solutions makes so much sense, when you look at these scenarios.

8*4.4 < 60

Agreed, but then you are using 90to100% of your total monthly bandwidht to run a Bitcoin node and there will be nothing left for anything else. ^hmmm^ So, NO internet surfing, gaming, downloads, email etc. etc. How can people justify that, when you share that internet access with other familiy members? In first world countries competition between Internet service providers, lead to very competitive offerings. I often move between 1st world and third world countries for work, and I can tell you, we suffer when we are away from home base.

The internet access in third world countries is expensive and capped because the total availlable internet is limited. < 1 or 2 inter-continental fiber links >

[franky1]

no one is proposing 8mb blocks any time soon.

2gb is the 'safe' amount for 2017.. 4mb at a stretch.
all of which are going to be acceptable within someones 60gb monthly limit. even after you account for relaying.

also not everyone has to be a full node. there are a couple million people using bitcoin regularly but only 5400 of them are full nodes.

if you have no reason to run a fullnode (your not that interested in bitcoin or not a merchant) then just run a litenode.
if you have a reason to be a full node you can run it and be within your bandwidth.
worse case.. not today but in a couple years if your ISP has not migrated your 'cap' to bigger numbers. you can change your ISP

here is the thing.
watching just 4 hours of netflix wastes more bandwith than running bitcoin at 8mb ALL day .
livestreaming a game for 2 hours wastes more bandwith than running bitcoin at 8mb ALL day.

watching just 2 hours of netflix wastes more bandwith than running bitcoin at 4mb ALL day .
livestreaming a game for 1 hours wastes more bandwith than running bitcoin at 4mb ALL day.

watching just 1 hours of netflix wastes more bandwith than running bitcoin at 2mb ALL day .
livestreaming a game for 30 mins wastes more bandwith than running bitcoin at 2mb ALL day.

if watching TV or playing games is more important than bitcoin. then just run a litenode.
stop throwing doomsdays of numbers that do not rationally meet real life expectations for the next year, shouting the horrors of the next year, where you have not even done any real maths or scenarios of the next year.

atleast be realistic

[DannyHamilton]

On average a new block is created every 10 minutes.

Right now there is a limit of 1 MB per block.

So, if the limit isn't changed, then the growth rate is limited at:
- snip -

• A bit less than 4.4 GB per month

- snip -

It is staggering to think what the impact of
- snip -
8 MB per block will be on the bandwidth and diskspace requirements to run a node.
- snip -
A lot of people in my country, have limitations on their internet bandwidht < Capped at 60 GB to 100 GB per month > A 8 MB per block, running at full
capacity will burn through that bandwidht in no time,
- snip -

8*4.4 < 60

Agreed, but then you are using 90to100% of your total monthly bandwidht
- snip -

8 MB per block * 4.4 GB per month / 60 GB per month limit < 90% of your monthly limit at the 60GB per month level.

For that matter...
8 MB per block * 4.4 GB per month / 60 GB per month limit < 60% of your monthly limit at the 60GB per month level.

That leaves you more than 40% of your monthly bandwidth limit for updating your Facebook page.

[Ayers]

so by 2020 we will be in the need of 512 GB ssd if limit will be increase to 2MB only otherwise even worse and you will need 1 tera, but they will be very cheap in that year, and we have prune mode to use in case of necessity

[xIIImaL]

Anyone her knows the  Bitcoin Blockchain Growth rate per year?

I do not know growth, recently there was the happen in US commerce department about to acquire the blockchain by USA commercial department. May be in future year it can under controlled by US government.

[shorena]

-snip-
8*4.4 < 60

While the number is 35.2 GB that only counts for confirmed blocks. You would still burn through multiple times that just for the download part of your internet usage because of relaying of unconfirmed transactions.

Good point. If your montly cap is 60GB, you are out today. I hit 60 GB or more on 13 days out of the last 30. This is with 80-125 connections, so you can reduce the number, but Im pretty sure you are already at or over 60GB monthly.

-snip-
Agreed, but then you are using 90to100% of your total monthly bandwidht to run a Bitcoin node and there will be nothing left for anything else. ^hmmm^ So, NO internet surfing, gaming, downloads, email etc. etc. How can people justify that, when you share that internet access with other familiy members? In first world countries competition between Internet service providers, lead to very competitive offerings. I often move between 1st world and third world countries for work, and I can tell you, we suffer when we are away from home base.

The internet access in third world countries is expensive and capped because the total availlable internet is limited. < 1 or 2 inter-continental fiber links >

Let me rephrase that with the above in mind: how can you run a full node today under these conditions?

[calkob]

Anyone her knows the  Bitcoin Blockchain Growth rate per year?

]Check out blockchain.info website it has a stack of charts to look at.  link below

https://blockchain.info/charts

[WhiteSkinnedFREAK]

This info could possibly be found on the actual blockchain site I thought but idk

Its being used more and more tho

[achow101]

8 MB per block * 4.4 GB per month / 60 GB per month limit < 90% of your monthly limit at the 60GB per month level.

For that matter...
8 MB per block * 4.4 GB per month / 60 GB per month limit < 60% of your monthly limit at the 60GB per month level.

That leaves you more than 40% of your monthly bandwidth limit for updating your Facebook page.

But that is only if you are operating in blocks-only mode without any relaying. If you are relaying (and still only in blocks-only mode), even to only one other node, you would be through your data cap before the month is over as you have to then upload the same amount of data to someone else. If you also consider transaction relay, data usage is going to significantly higher.

Furthermore, if you are accepting incoming connections, it is possible that you could be selected by a peer to be the initial block download peer so you would then have to send the entire blockchain to the peer, and the blockchain is already at 90+ GB now.

For that matter, if you have a data cap of 60 GB, you wouldn't be able to even start up a new node as the blockchain is larger than that cap.

Actually, come to think of it, with a 60 GB data cap, you shouldn't even be trying to operate a full node. You have a good chance of blowing through that limit today as shorena said. If you do try doing bandwidth restrictions, it may work, but that is quite a hassle to get correctly.

Edit: I just checked my node stats. It's been up for ~12 hours and I have already sent 37 GB and received 147 MB.

[franky1]

Edit: I just checked my node stats. It's been up for ~12 hours and I have already sent 37 GB and received 147 MB.

people with crappy ISP that put bandwidth limitations in. means you just reduce the number of nodes you connect to
if x is a problem for you. you change Y.
demanding to be a supernode knowing you have bandwidth issues, means you should lower your outbound connections.

much like torrent. dont blame pirate bay or utorrent or the size of the file your downloading. blame the leachers connected to you. and reduce the number of leachers you are giving data to

[achow101]

people with crappy ISP that put bandwidth limitations in. means you just reduce the number of nodes you connect to
if x is a problem for you. you change Y.
demanding to be a supernode knowing you have bandwidth issues, means you should lower your outbound connections.

much like torrent. dont blame pirate bay or utorrent or the size of the file your downloading. blame the leachers connected to you. and reduce the number of leachers you are giving data to

I already said that:

If you do try doing bandwidth restrictions, it may work, but that is quite a hassle to get correctly.

Yes, you can limit connections and upload data, but it can be difficult for people to do properly, especially those who want to run full nodes but don't have the technical knowledge to know how to set the parameters and what the parameters even mean.