Block chain size/storage and slow downloads for new users

[Arnab biswas]

The fact that, since the mid-20th
century, the cost of data storage and the cost of
computing power have been decreasing exponentially
year after year, regardless of technological challenges,
market crashes, or anything else. Surely Bitcoin may go
througn growth spurts, but eventually blockchain growth
will become linear (when we hit the block size limit, or
when we remove the limit and let the transaction
frequency reach an economic equlibrium based on tx
fees). Either way, I see no big problem, and I've been
running a full node for several years without any
additional cost.

[1714899897]

1714899897

[1714899897]

1714899897

[1714899897]

1714899897

[ranochigo]

The fact that, since the mid-20th
century, the cost of data storage and the cost of
computing power have been decreasing exponentially
year after year, regardless of technological challenges,
market crashes, or anything else. Surely Bitcoin may go
througn growth spurts, but eventually blockchain growth
will become linear (when we hit the block size limit, or
when we remove the limit and let the transaction
frequency reach an economic equlibrium based on tx
fees). Either way, I see no big problem, and I've been
running a full node for several years without any
additional cost.

One of the problem here is the disk space and the other would most probably be the read/write frequency that would shorten the drive's lifespan. Every time a blocks gets mined, the blocks would have to be written to the disk and you would also have to read the files when a peer request a block from you. This MIGHT impact you due to the amount of read and write required and the chances of shortening the lifespan would be pretty high.

[ForexTE]

The bigger problem if if I don't use the app for a few days it takes 15 minutes to one hour to sync. I think this needs to be addressed in the updates.

[Muhammed Zakir]

The bigger problem if if I don't use the app for a few days it takes 15 minutes to one hour to sync. I think this needs to be addressed in the updates.

There is nothing to do with this. Because it is the time it needs to download and sync the blockchain. So if you have a fast internet and CPU/GPU processor, it will finish faster.

   -MZ

[Gumara]

My blockchain very slow and spend a lot memory, i want to know how to the solution of matter said?

[Muhammed Zakir]

My blockchain very slow and spend a lot memory, i want to know how to the solution of matter said?

You will have to use light wallets like Mutlibit, Electrum, Bither, GreenAddress etc...

   -MZ

[Gumara]

My blockchain very slow and spend a lot memory, i want to know how to the solution of matter said?

You will have to use light wallets like Mutlibit, Electrum, Bither, GreenAddress etc...

   -MZ

But in between the wallet that you mention what there is had the feature private keys like blockchain?

[Arnab biswas]

for all of these problems I hqve selected a online wallet

[Muhammed Zakir]

But in between the wallet that you mention what there is had the feature private keys like blockchain?

I didn't understood what you asked correctly. Yes, it has all features of Blockchain.info.

for all of these problems I hqve selected a online wallet

I hope you won't lose any BTC.

   -MZ

[rfcdejong]

I think there will be less nodes when the blockchain is getting bigger and bigger, resulting into centralization...

6615 nodes now

https://getaddr.bitnodes.io/

[ranochigo]

I think there will be less nodes when the blockchain is getting bigger and bigger, resulting into centralization...

6615 nodes now

https://getaddr.bitnodes.io/

There are nodes which have the max amount of connections and it won't be able to count those nodes. Also, it doesn't cost much to get a hard disk with at least 40gb of space, it is fairly cheap. There are people running nodes on servers which is recommended since they are reliable nodes which hardly ever goes down. Most home computers goes down every night. The network need more reliable nodes than unreliable ones.

[zvs]

I think there will be less nodes when the blockchain is getting bigger and bigger, resulting into centralization...

6615 nodes now

https://getaddr.bitnodes.io/

There are nodes which have the max amount of connections and it won't be able to count those nodes. Also, it doesn't cost much to get a hard disk with at least 40gb of space, it is fairly cheap. There are people running nodes on servers which is recommended since they are reliable nodes which hardly ever goes down. Most home computers goes down every night. The network need more reliable nodes than unreliable ones.

I think the #of nodes with max connections are probably more than offset by 'useless' nodes... you know, I could have my home connection appear on that list, but since I have 768kbps upstream, it would benefit the network by doing two things,  jack and shit.

[Muhammed Zakir]

My blockchain very slow and spend a lot memory, i want to know how to the solution of matter said?

im also like that, any solution??

It has been solved with the current Beta release of Bitcoin core 0.10.

   -MZ

[danielpbarron]

It has been solved with the current Beta release of Bitcoin core 0.10.

I would strongly advise against using that codebase; it is of questionable quality and security. The Bitcoin Foundation recommends starting at version 0.5.3 and from there, applying some patches to remove some of the more obvious malicious bits of code.

[ranochigo]

It has been solved with the current Beta release of Bitcoin core 0.10.

I would strongly advise against using that codebase; it is of questionable quality and security. The Bitcoin Foundation recommends starting at version 0.5.3 and from there, applying some patches to remove some of the more obvious malicious bits of code.

Review the code and build it yourself then. Why would you say it's of questionable quality and security? It has been verified by lots of people and the lead developer of Bitcoin. It would obviously be a good choice to use 0.9.3 as it is the most stable currently. You would just be wasting your time trying to make changes.

[danielpbarron]

Why would you say it's of questionable quality and security? It has been verified by lots of people and the lead developer of Bitcoin. It would obviously be a good choice to use 0.9.3 as it is the most stable currently. You would just be wasting your time trying to make changes.

Uh.. so let me get this straight. 0.9.3 is the best version because its authors said so? Did you "verify" the code? I happen to know that real people have taken a look, and it's not pretty. Satoshi wasn't a very good programmer, and the stooges that you call "lead developers" are even worse -- not because they lack expertise, but because they are good enough to actually do serious damage.

Take your "obviously"s and shove them up your USG hole.

[Muhammed Zakir]

I would strongly advise against using that codebase; it is of questionable quality and security. The Bitcoin Foundation recommends starting at version 0.5.3 and from there, applying some patches to remove some of the more obvious malicious bits of code.

That site isn't really Bitcoin Foundation's. Need solid news and proof.

   -MZ

[danielpbarron]

I would strongly advise against using that codebase; it is of questionable quality and security. The Bitcoin Foundation recommends starting at version 0.5.3 and from there, applying some patches to remove some of the more obvious malicious bits of code.

That site isn't really Bitcoin Foundation's. Need solid news and proof.

   -MZ

Here ya go.

Vessenes's Bitcoin Foundation maintains a notoriety for many questionable actions and behaviors. There is even a candidate running for the foundation's board on the platform of dissolution. Due to the oversights of Vessenes's Bitcoin Foundation, #bitcoin-assets recently formed its own foundation for the preservation of the Bitcoin reference implementation.

[CoinCidental]

Why would you say it's of questionable quality and security? It has been verified by lots of people and the lead developer of Bitcoin. It would obviously be a good choice to use 0.9.3 as it is the most stable currently. You would just be wasting your time trying to make changes.

Uh.. so let me get this straight. 0.9.3 is the best version because its authors said so? Did you "verify" the code? I happen to know that real people have taken a look, and it's not pretty.

real people like who ?

http://therealbitcoin.org/mailman/listinfo/btc-dev


dont see any names .......

[Muhammed Zakir]

Uh.. so let me get this straight. 0.9.3 is the best version because its authors said so? Did you "verify" the code? I happen to know that real people have taken a look, and it's not pretty. Satoshi wasn't a very good programmer, and the stooges that you call "lead developers" are even worse -- not because they lack expertise, but because they are good enough to actually do serious damage.

Take your "obviously"s and shove them up your USG hole.

Now you are telling Satoshi wasn't a good programmer! I am liking you more. I suggest you to quit BITCOIN because it wasn't made by a good programmer and it isn't good. Or I suggest you to tell your REAL PEOPLE to create new Bitcoin.

   -MZ