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Author Topic: How much do you think it costs to build a blockchain?  (Read 255 times)
cryptokangaroo
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May 02, 2018, 11:27:07 PM
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 #1

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln
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OgNasty
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May 03, 2018, 01:36:52 AM
 #2

Free to do yourself. As cheap as $10 to get someone to do it for you.

KingScorpio
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May 03, 2018, 02:33:13 AM
 #3

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

making a blockchain is easy,

having the funds to move your way through the corrupt system to get attention is however very difficult.

coinmarket cap doesnt list cryptocurrencies if you dont pay at least 20k to the coinmarket cap website owners.

same is with media channels exchanges etc.everything ist corrupt,

only ripple was able to print so much money that they were able to create their listening and presence everywhere, they basically abused the trust the society is forced to put in them.

because of the high level of corruption i expect soon the entire market to break and divide with a new market emerging with new exchange system opposing the established one just as they did with the banks beforehand.

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May 03, 2018, 10:23:34 AM
 #4

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

Most of it could be just marketing. You can develop a blockchain but users will never come to use it without expensive marketing. No, without expensive marketing.

From the other side, most of the nowadays crypto projects are not really building a blockchain, just parasitize on Ethereum instead.

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NOIZchain
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May 04, 2018, 07:22:54 AM
 #5

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

Most of it could be just marketing. You can develop a blockchain but users will never come to use it without expensive marketing. No, without expensive marketing.

From the other side, most of the nowadays crypto projects are not really building a blockchain, just parasitize on Ethereum instead.

What would be the benefit of creating your own blockchain rather than parasitizing on Ethereum? Most projects that are backed by ETH use tools like HyperLedger Fabric V1 to create permissioned-based blockchains. If a project creates their own blockchain, could that blockchain be permissioned-based from the start?

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May 04, 2018, 04:30:18 PM
 #6

Well, if you create a product - you need not only to create it, but to develop, promote it and etc. what's more, much depends on the country of the project's origin and whether there are professionals to implement all the ideas. Specialists also cost much
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May 04, 2018, 04:31:54 PM
 #7

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

Building a blockchain is free - only pay for what resources you use.

https://aws.amazon.com/blogs/aws/get-started-with-blockchain-using-the-new-aws-blockchain-templates/

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May 11, 2018, 08:21:13 AM
 #8

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

I think to build a blockchain will not be so expensive if you have the ability for that, it will be expensive perhaps if need someone else with proven capability and well known name. Cost will be higher for others, specially marketing and build infrastructure such as networking, attending event (this should be included into marketing) get listing in top exchange, etc. In principle, the most important thing is the cost to build trust along community.

Xivibe
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May 11, 2018, 04:57:07 PM
 #9


coinmarket cap doesnt list cryptocurrencies if you dont pay at least 20k to the coinmarket cap website owners.


Where did you get that info? lol  Tongue this is purely to demotivate him/her...

At least it's far from the truth.
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May 13, 2018, 08:39:56 PM
 #10

You can build your block chain, but the point is do you have the ability to?
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May 14, 2018, 01:16:20 AM
 #11

fork a blockchain rename it costs you very little time
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May 14, 2018, 10:47:42 AM
 #12

only to build is near zero cost. provided you got your own pc to do so.

the catch is you need other department to support. A team of IT personel to run the blockchain, developers team, marketing to run campaign, various consultant advicing on legals, finance etc stuff. all come with big cost.

i would say to make a blockchain successful, you probably needs millions to do so.
okorocrypto
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May 14, 2018, 03:38:43 PM
 #13

It is quite unfortunate that people are abusing this new technology and promoting the same corruption we said the institution are guilty of. Building a blockchain is not expensive and the tools to use are not so expensive that some group of guys with basic computer skills will decide to conduct ICO of over 50 million US Dollar. Like someone rightly said, if this trend is not checked, the blockchain system will be so ridden with corruption and extortion that governments will intervene with harsh measures.
KingScorpio
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May 14, 2018, 03:49:16 PM
 #14

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

you dont have to build a blockchain, its actually very cheap, there are blockchain encription services like ethereum, neo, and waves.

they are basically the equivalent like the medieval coin mintings, everyone can create their token there. and its not expensive,

for example a digital asset on the waves platform costs just around 8 usd


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May 14, 2018, 04:03:59 PM
 #15


coinmarket cap doesnt list cryptocurrencies if you dont pay at least 20k to the coinmarket cap website owners.


Where did you get that info? lol  Tongue this is purely to demotivate him/her...

At least it's far from the truth.

jes it is demotivation and money earning scam, coinmarketcap is part of the bitcoin centered sect,

on our website we have a list with alternative indexes

https://www.cryptoproductivity.com/research

posi
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May 14, 2018, 04:52:07 PM
 #16

The ICO market should be moving to ethical hardcap. Arent we being taken for a ride with those huge marketcaps of blockchain TGEs?
How much does it cost (labour time and eth) to build a blockchain? Surely not 30000 ETH. We need normalisation of the ICO marketplace.
Dont invest into projects asking more than 10-15mln

Most of it could be just marketing. You can develop a blockchain but users will never come to use it without expensive marketing. No, without expensive marketing.

From the other side, most of the nowadays crypto projects are not really building a blockchain, just parasitize on Ethereum instead.
I quite agree to what you said because most of the fund the ICO owners or team needed are not mainly for the blockchain creation but for the evangelize of the project as well and good marketing strategy is the medicine of project success.


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Webark
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May 14, 2018, 08:10:51 PM
 #17

Interesting information,  been keen on using block chain to solve a few issues and start a new coin however is quite an overwhelming task. Never the less i'm slowly learning it's possible.

With determination, patience it's possible to make something out of it by the sound.  However clear that if you interested in mass adoption your going to need some serious investments at some point.

Perhaps work on the project for a year or so, establish it slowly etc and once achieved if the idea is unique invite investors over...

best wishes
pub.vale.123
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May 15, 2018, 04:08:37 AM
 #18

depends on the blockchain features, if in Golang from 5000£ to infinite
Xivibe
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May 15, 2018, 09:41:31 AM
 #19


coinmarket cap doesnt list cryptocurrencies if you dont pay at least 20k to the coinmarket cap website owners.


Where did you get that info? lol  Tongue this is purely to demotivate him/her...

At least it's far from the truth.

jes it is demotivation and money earning scam, coinmarketcap is part of the bitcoin centered sect,

on our website we have a list with alternative indexes

https://www.cryptoproductivity.com/research

Well they are the biggest and you might not like them, I respect that, but your 'bitcoin centered sect' argument seems far-fetched to me.

Plus, to get a currency listed there, you claim they have to pay a 20k fee? That's false.
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May 15, 2018, 12:13:40 PM
 #20

I think it is almost zero. Smiley

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