J. Cooper
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October 29, 2017, 08:22:50 PM |
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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware. I wish one day I could get my hands on the work to experience this Bitcoin core personally.
As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node. I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.
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miguelmorales85
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October 29, 2017, 08:42:48 PM |
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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware. I wish one day I could get my hands on the work to experience this Bitcoin core personally.
As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node. I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7. If I were you I would just buy a Raspberry Pi and configure a Raspnode. In fact, this is what I am doing right now, I also have a Bitcoin Core node on a Pine64. http://raspnode.com/diyBitcoin.htmlgood luck
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Bestcoin-fan (OP)
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October 29, 2017, 08:43:05 PM |
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I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.
J. Cooper, great excellent idea, I think! I'd myself buy one! But maybe some later in future, as my laptop fully satisfies me for now
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Kakmakr
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October 30, 2017, 06:57:18 AM |
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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware. I wish one day I could get my hands on the work to experience this Bitcoin core personally.
Sometimes it is not about YOU, but about the good you are doing for everyone else. People run FULL nodes to support decentralization of the network. The more FULL nodes we have running globally, the more decentralized the network will be. If some governments or hackers wants to shut Bitcoin down, they will be faced with 1000s of FULL nodes popping up all over the place. <making it almost impossible to take it down> Do something good for the Bitcoin network, by running a FULL node to protect Bitcoin for everyone that is involved. ^smile^ You will also protect your own investment. < If it gets taken down, you will also not be able to use it >
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Salmen
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October 30, 2017, 12:13:33 PM |
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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware. I wish one day I could get my hands on the work to experience this Bitcoin core personally.
As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node. I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7. A BitSeed core has enough space (> 1 TB) for the Bitcoin Blockchain and it is small and portable like a Raspberry Pi. The energy consumption is about 10 watt while a laptop consumes 90 Watt, in this way you save cost for the energy. Building a Node on Raspberry Pi is the same as a Bitseed and the costs may be the same.
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Young Developer amidst Europe. Specialized in Web Programming and Creating Telegram Bots. Looking for a developer? Feel free to drop a mail to me. Running JaguarBitcoin - Your Place For Scripts
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Fen1X
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October 30, 2017, 12:16:28 PM |
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I don't quite see the benefit of run your own full node. Aren't the miners already providing the needed computational power to verify the transactions? What am I missing here?
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Bestcoin-fan (OP)
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October 30, 2017, 01:46:47 PM |
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I don't quite see the benefit of run your own full node. Aren't the miners already providing the needed computational power to verify the transactions? What am I missing here?
You are missing so much, that I'd ask you just read this for start: https://en.bitcoin.it/wiki/Full_nodeBelieve me, if only you can, do start running your own Bitcoin Core full node!
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Bestcoin-fan (OP)
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October 30, 2017, 02:01:15 PM |
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... The energy consumption is about 10 watt while a laptop consumes 90 Watt, in this way you save cost for the energy. Building a Node on Raspberry Pi is the same as a Bitseed and the costs may be the same.
My laptop consumes not more than 60 Watt even at peaks. So laptops, netbooks, those excellent little wonderful computers like the Raspberry Pi 3 Model B, or the Bitseed, choose which ever you may afford! Just set it up sooner and run your full node!
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Fen1X
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October 30, 2017, 03:23:41 PM |
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I've quickly read up on this.
Mining has gotten more and more centralized because it nowadays requires specialized hardware and significant investments. Each running their own full node would protect the bitcoin network against being hijacked by a group of miners with bad intentions.
Is this your main concern and the reason you'd want everyone to run a full node?
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Bestcoin-fan (OP)
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October 30, 2017, 03:46:21 PM |
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I've quickly read up on this.
Mining has gotten more and more centralized because it nowadays requires specialized hardware and significant investments. Each running their own full node would protect the bitcoin network against being hijacked by a group of miners with bad intentions.
Is this your main concern and the reason you'd want everyone to run a full node?
Not only. The more full nodes, the more reliability, speed and fault tolerance there will be in the whole Bitcoin network ecosystem. And the more people in the whole world would actually perceive the Bitcoin as the best and most reliable, TRUE money that they really accept, value and fully trust!
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khaled0111
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October 30, 2017, 03:48:04 PM |
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It is really a good thing to support the Bitcoin network by running a full node, I am doing that too. the problem is that Bitcoin core needs a huge free disk space which is not available for every user, also downloading Bitcoin core takes too long especially if you don't have a good Internet connection, it may take days or even weeks to be completely downloaded. But it is nice to remember others how important it is to be part of the Bitcoin network.
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J. Cooper
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October 30, 2017, 04:30:31 PM |
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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware. I wish one day I could get my hands on the work to experience this Bitcoin core personally.
As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node. I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7. If I were you I would just buy a Raspberry Pi and configure a Raspnode. In fact, this is what I am doing right now, I also have a Bitcoin Core node on a Pine64. http://raspnode.com/diyBitcoin.htmlgood luck Thanks for the suggestion. I've heard you need to be a little bit more technical for a pi but I think I can manage. Purchasing a pi would actually be very convenient since I am in the need for a raspberry pi for something else as well. I'm going to do some digging on both the pi and the bitseed and hopefully purchase whichever fits me best.
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CyberKuro
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October 30, 2017, 05:29:05 PM |
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Bitcoin will be just fine, you are being paranoid. Running a full node always helps the network, it won't do anything special now. It isn't a voting system, it doesn't matter when it comes to forks. There might be a bit of lost connections during a fork as nodes start following different chain and disconnect, but this will last for a very short time and if you want to help for this purpose only then just run it during those 10 minutes when the fork happens.
That's right, straight to the point if run Core full node just for avoid B2x hard fork, 10 minutes will be enough. I would like to run Bitcoin core someday when I have new pc, but for now I don't have enough space disk to storing a copy of the blockchain. Look at the recommended minimum requirements for Bitcoin core full nodes: - At least 145GB disk space - Download capacity of 500MB/day (15GB/month), plus a one-time 140GB download the first time you launch Bitcoin Core - Upload speed of 5GB/day (150GB/month) - 1GB RAM - Desktop, laptop, or compatible ARM chipsetB2x hard fork will be live on October 16th, right? But it seems 2x supports continues to decline over time.
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Bestcoin-fan (OP)
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October 30, 2017, 05:49:09 PM |
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That's right, straight to the point if run Core full node just for avoid B2x hard fork, 10 minutes will be enough. I would like to run Bitcoin core someday when I have new pc, but for now I don't have enough space disk to storing a copy of the blockchain.
I do not agree, but naturally, you have the right to have your opinion
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Nemo1024
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October 30, 2017, 06:34:44 PM Last edit: October 30, 2017, 07:00:09 PM by Nemo1024 |
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Having a full node running is a very good idea - that is one of Satoshi's visions behind the decentralised nature of Bitcoin.
I have had one running 24/7 since I first acquainted myself with Bitcoin. Currently the blockchain database uses 150GB (I have it on a dedicated 238GB SSD disk, dimensioned for growth).
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” “We are only as strong as we are united, as weak as we are divided.” “It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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Nemo1024
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October 30, 2017, 06:59:18 PM |
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I don't quite see the benefit of run your own full node. Aren't the miners already providing the needed computational power to verify the transactions? What am I missing here?
Mining - computational power for processing of the transactions. Full node - a complete copy of the Bitcoin ledge, that miners read and write against. Full nodes ultimately "vote" which chain is perceived as main by the miners.
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“Dark times lie ahead of us and there will be a time when we must choose between what is easy and what is right.” “We are only as strong as we are united, as weak as we are divided.” “It is important to fight and fight again, and keep fighting, for only then can evil be kept at bay, though never quite eradicated.”
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bunch
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October 30, 2017, 08:09:58 PM |
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Is there a geographical map of where nodes are? I have a 300/300mbps connection - and a Ubuntu installation. Is running a node hard on the disk? Is 500GB disk sufficient? Sound like it. Can I install the node software and let it rebuild of the blockchain?
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Snub
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October 30, 2017, 08:56:31 PM |
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Is there a geographical map of where nodes are?
That is a really good question! Is there any way to know where nodes are, and what is the best server to launch one more node?
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onurgozupek
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October 30, 2017, 09:04:37 PM |
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Is there a geographical map of where nodes are? I have a 300/300mbps connection - and a Ubuntu installation. Is running a node hard on the disk? Is 500GB disk sufficient? Sound like it. Can I install the node software and let it rebuild of the blockchain?
you can check https://bitnodes.21.co I'm not sure there is an actual map but it shows nodes around your location.
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jnano
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October 30, 2017, 09:28:17 PM |
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My laptop consumes not more than 60 Watt even at peaks. Assuming full nodes don't use much CPU on average, and mostly just serve blocks, I think a laptop for this usage would more likely consume 10-20W.
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