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Author Topic: Supporting the network with multiple wallets  (Read 1215 times)
AmDD (OP)
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December 16, 2013, 06:39:44 PM
 #1

So running the bitcoin wallet 24/7 is good for the network, right? It makes since because this is a P2P network and if all users closed their wallets the network would not exist.

My question is, is there much point in having multiple computers on the same local network all running a wallet?

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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AmDD (OP)
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December 17, 2013, 01:56:36 PM
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Thoughts?

I know its not a major issue or anything, just curious really.

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December 17, 2013, 06:34:46 PM
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My question is, is there much point in having multiple computers on the same local network all running a wallet?
with the current size of the bitcoin network, there's no need to specifically run a bitcoin node to maintain the network.

It is pitch black. You are likely to be eaten by a grue.

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December 17, 2013, 06:37:42 PM
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You're only supporting if you have port 8333 open so others can contact you. Otherwise you're just leaching.

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AmDD (OP)
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December 17, 2013, 06:56:46 PM
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My question is, is there much point in having multiple computers on the same local network all running a wallet?
with the current size of the bitcoin network, there's no need to specifically run a bitcoin node to maintain the network.

Fair enough. I assumed this was the case anyway.

You're only supporting if you have port 8333 open so others can contact you. Otherwise you're just leaching.

This I did not know...

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December 18, 2013, 01:53:17 PM
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You're only supporting if you have port 8333 open so others can contact you. Otherwise you're just leaching.

This I did not know...
You didn't know it because it's not true. It makes absolutely no difference whether you're connecting to someone else or someone else is connecting to you; once a connection is established by either peer, both are able to send and receive data to each other, regardless of who initiated it.

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December 18, 2013, 07:17:08 PM
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You're only supporting if you have port 8333 open so others can contact you. Otherwise you're just leaching.

This I did not know...
You didn't know it because it's not true. It makes absolutely no difference whether you're connecting to someone else or someone else is connecting to you; once a connection is established by either peer, both are able to send and receive data to each other, regardless of who initiated it.

I kind of thought that this might be the case.
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December 18, 2013, 07:43:02 PM
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Sure, if A connects to B, then both can exchange data.  But B would never have allowed the incoming connection unless the port was open in its firewall.

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December 19, 2013, 02:21:30 PM
 #9

Since you can only connect to listening nodes having port 8333 open is a good thing for the network.

If your listening your a node
If your not listening your an endpoint

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