Bitcoin Forum
September 23, 2021, 04:03:57 PM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Most Efficient Way To Run A Full Node?  (Read 271 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
Paleus
Full Member
***
Offline Offline

Activity: 284
Merit: 112


www.diginomics.com


View Profile WWW
December 02, 2020, 10:11:52 PM
Merited by Royse777 (5), ETFbitcoin (1)
 #1

I am wondering what is the best way to run a full node with limited computing resources. In order to do this we must download and synchronize a full copy of the blockchain (300+ GB). This is not for being competitive as a miner but only hosting a full network node that can remain up-to-date with the blockchain in real-time.

I have tried downloading the entire blockchain to an external hard drive. However, it is basically at a standstill with 25% or more of the blockchain still needing to be synchronized. Is this delay because I am hosting it on an external hard drive? (Western Digital External Hard Drive)

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1632413037
Hero Member
*
Offline Offline

Posts: 1632413037

View Profile Personal Message (Offline)

Ignore
1632413037
Reply with quote  #2

1632413037
Report to moderator
1632413037
Hero Member
*
Offline Offline

Posts: 1632413037

View Profile Personal Message (Offline)

Ignore
1632413037
Reply with quote  #2

1632413037
Report to moderator
Royse777
Legendary
*
Offline Offline

Activity: 1526
Merit: 1908


Powerful promotion strategy https://bit.ly/3cRVjFi


View Profile WWW
December 03, 2020, 10:44:17 AM
 #2

From the last few months I am not running a full node but I had a node in the external device for a few months and I did not have a problem running it all the time.

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.
I never paid much attention to it however if there is some step-by-step instruction then I have hosting with namecheap and if this works then I can also run a node online. Not sure if I understood correctly by renting server space.

.
.Duelbits.
            ▄████▄▄
          ▄█████████▄
        ▄█████████████▄
     ▄██████████████████▄
   ▄████▄▄▄█████████▄▄▄███▄
 ▄████▐▀▄▄▀▌████▐▀▄▄▀▌██

 ██████▀▀▀▀███████▀▀▀▀█████

▐████████████■▄▄▄■██████████▀
▐██████████████████████████▀
██████████████████████████▀
▀███████████████████████▀
  ▀███████████████████▀
    ▀███████████████▀
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
▄▀▄
█   █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█ █ █
█▀▀▀▀▀█
▀█▀█▀
█▄█
█▄█
.
        ▄ ▄▄▀▀▀▀▄▄
        ▄▀▀▄      █
        █   ▀▄     █
      ▄█▄     ▀▄   █
     ▄▀ ▀▄      ▀█▀
   ▄▀     ▀█▄▄▄▀▀ ▀
 ▄▀  ▄▀  ▄▀
▀▄    ▄▀▀
Live Games

   ▄▄▀▀▀▀▀▀▀▄▄
 ▄▀ ▄▄▀▀▀▀▀▄▄ ▀▄
▄▀ █ ▄  █  ▄ █ ▀▄
█ █   ▀   ▀   █ █  ▄▄▄
█ ▀▀▀▀▀▀▀▀▀▀▀▀▀ █ █   █
█▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█  █▄█
█ ▀▀█  ▀▀█  ▀▀█ █  █▄█
█  █    █    █  █  █ █
Slots
.
        ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄
        █         ▄▄  █
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▄       █
█  ▄▄         █       █
█             █       █
█   ▄▀▀▄▀▀▄   █       █
█   ▀▄   ▄▀   █       █
█     ▀▄▀     █   ▀▀  █
Blackjack
.
▄▄▀█████▀▄▄
▄▀▀   █████ ▄▄▀▀▄
███▄  ▄█████▄▀▀▄███
██████▀▀     ▀▀██████
█ ▀▀██▀ ▀▄   ▄▀ ▀██▀▀ █
█    █    ███    █    █
█ ▄▄██▄ ▄▀   ▀▄ ▄██▄▄ █
██████▄▄     ▄▄██████
Roulette
.
█▀▀▀▄             ▄▀▀▀█
█ ▀▄ ▀▄         ▄▀ ▄▀ █
▀▄ ▀▄ ▀▄     ▄▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄  ▀ ▄▀ ▄▀
▀▄ ▀▄ ▀▄ ▀ ▄▀
▄ ▀▄ ▀▄ ▀▄  ▄
█ ▀▄ ▀▄ ▀  ▄▀ █
▄▀▄ ▀▄ ▀ ▄▀ ▄▀▄
Dice Duels
Wind_FURY
Legendary
*
Offline Offline

Activity: 1960
Merit: 1191


www.Crypto.Games: Multiple coins, multiple games


View Profile
December 03, 2020, 11:37:09 AM
 #3


I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.


For the purpose of running it for fun, OK, but to actually run one, don't do that, because what would be the point? Your hosting service can censor you by simply turning off your machine, or deny access.

Not your hardware, not your node. Cool

████  ███████  ███
██████████
███      ███████
███      ███████████
██████████████████
████████
███   ████  ███████████
███ ███████████████
█████████
█████████████████
███  ███████
██████████████
███        ████████
███████████▀▀███▀▀███████████
██████▀▀     ███     ▀▀██████
████▀   ▄▄█████████▄▄   ▀████
████▄▄▄███▀  ▀█▀  ▀███▄▄▄████
██▀▀▀██▀      ▀      ▀██▀▀▀██
█▀  ▄██               ██▄  ▀█
█   ████▄▄         ▄▄████   █
█▄  ▀██▀             ▀██▀  ▄█
██▄▄▄██▄             ▄██▄▄▄██
████▀▀▀███▄ ▄█ █▄ ▄███▀▀▀████
████▄   ▀▀███▄█████▀▀   ▄████
███████▄     ███     ▄███████
███████████▄▄███▄▄███████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
..PLAY NOW..
███  ███████  ████
██████████
███████      ███
███████████      ███
██████████████████
████████
███████████  ████   ███
███████████████ ███
█████████
█████████████████
███████  ███
██████████████
████████        ███
stompix
Legendary
*
Offline Offline

Activity: 1932
Merit: 2471



View Profile
December 03, 2020, 11:52:58 AM
 #4

I have tried downloading the entire blockchain to an external hard drive. However, it is basically at a standstill with 25% or more of the blockchain still needing to be synchronized. Is this delay because I am hosting it on an external hard drive? (Western Digital External Hard Drive)

I remember, this post of achow101 it was during the time I was also searching for a different set to host my node and my old hdd wasn't able to sync in this life so I was looking for alternatives, the SSD prices put me off, especially since I knew I would have to buy from the starts a bigger one but right now I would go for one without thinking twice.

As for the server version, yeah, most people go with that, Hetzerand DigitalOcean had 20% of the nodes at one point, I saw quite a number recommending them as it gets rid of a machine running 24/7 in the house and offers more stability. As for the price, that depends on what budget people are willing to pay for a node, for some 10$ is too much, for some 50$ a month doesn't matter.

BitcoinFX
Legendary
*
Offline Offline

Activity: 2492
Merit: 1577


https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF


View Profile WWW
December 03, 2020, 11:58:18 AM
 #5

...snip...

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.

Running a Bitcoin full node on a VPS server instance is much more costly (in the long-term) than running a full node on your 'home' PC.

Whilst you can host a pruned node (for around $5 a month), with VPS / linux server companies such as digital ocean and vultr, hosting a full node at 300+ GB requires block storage which will set you back around $1.00/mo per 10 GB of storage i.e. around $55 a month minimum for a 500 GB instance.

...

I'm actually in the process of writing a guide for setting up a $5 Linux VPS running a pruned Bitcoin node (as a dual stack node with Tor .onion, optional) for my 'Bitcoin on Tor addnodes project' see: https://bitcointalk.org/index.php?topic=5177001.0 - however the guide likely won't be published until after the Tor v3 .onion rollout in mid 2021.

It is also possible to effectively CPU mine various altcoins utilizing cpulimit at 75% max (so that the VPS companies won't ban you!), to offset the cost of running a Bitcoin pruned VPS node 'cloud' instance.

...

TBH I find it rather surprising that the OP has recently posted this topic;

Tutorial: How To Fork Bitcoin
- https://bitcointalk.org/index.php?topic=5295647.0

... and yet seemingly is unaware of what is required in terms of 'hosting' a full Bitcoin server in the cloud !?

...

Whilst we are all always learning, in regards to Bitcoin, as one of the oldest and active members of this forum, topics like this one just highlight to me the often great disparity between users technical knowledge and what gets interest / help / funding to move forward with what folks seemingly need and want to achieve.

"Bitcoin OG" Bored/Board of making others wealthy! | 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | Support my BTC on Tor addnodes Project | Media enquiries : Wu Ming | Enjoy The Money Machine | "You cannot compete with Open Source" and "Cryptography != Banana"
barto123
Sr. Member
****
Offline Offline

Activity: 587
Merit: 272


bitcoin2009.com | Blog | News FREE Bitcoin


View Profile WWW
December 03, 2020, 12:06:09 PM
Merited by suchmoon (4), BitcoinFX (1), ETFbitcoin (1)
 #6

http://mynodebtc.com/

Bitcoin + Lightning plus all the useful necessities to become self-sovereign.

Will step you through exactly what you need to do.

I have a basic technical ability & I found it easy.

Raspberry PI 4, HDD, MicroSD card, case etc ~$200 on Amazon.

Software is FREE unless you want access to premium features (which I highly recommend).

BitcoinFX
Legendary
*
Offline Offline

Activity: 2492
Merit: 1577


https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF


View Profile WWW
December 03, 2020, 12:10:50 PM
 #7

http://mynodebtc.com/

Bitcoin + Lightning plus all the useful necessities to become self-sovereign.

Will step you through exactly what you need to do.

I have a basic technical ability & I found it easy.

Raspberry PI 4, HDD, MicroSD card, case etc ~$200 on Amazon.

Software is FREE unless you want access to premium features (which I highly recommend).


Yes indeed. This is a very good all-in-one 'home' solution for many Bitcoin users.

"Bitcoin OG" Bored/Board of making others wealthy! | 1JXFXUBGs2ZtEDAQMdZ3tkCKo38nT2XSEp | Bitcoin is BTC | CSW is NOT Satoshi Nakamoto | I Mine BTC, LTC, ZEC, XMR and GAP | Support my BTC on Tor addnodes Project | Media enquiries : Wu Ming | Enjoy The Money Machine | "You cannot compete with Open Source" and "Cryptography != Banana"
Welsh
Staff
Legendary
*
Offline Offline

Activity: 2450
Merit: 2503


View Profile
December 03, 2020, 02:32:59 PM
 #8

Single board computers are the way to go. They run fairly efficiently so you aren't going to be forking out huge amounts of money on running costs, and there's usually just a single payment for the SBC, and hard drive. Anything else will be overkill, and will cost you more in the long term. If there was ever a global blanket censorship on Bitcoin, then we rely on nodes to keep the network secure, and that's exactly why you should never use a third party to host it. Of course, there's also the issue that you are technically pissing money down the drain every month for running costs. So get a SBC, there are cheaper versions than a Raspberry Pi out there,  but the Raspberri Pi has the better compatibility, and documentation.

Plus, the good news is if you ever want to host another website or anything like that the Raspberry Pi becomes very useful outside of hosting a node. I've got maybe 10 of these little things lying around doing various tasks for me.

Paleus
Full Member
***
Offline Offline

Activity: 284
Merit: 112


www.diginomics.com


View Profile WWW
December 03, 2020, 04:55:33 PM
 #9

...snip...

I have heard people on this forum recommend renting server space in order to host a full node. I am wondering if this is a better option than hosting locally and what the costs associated would be. Performance and security are top priorities. I am looking at running a full node continuously, not just for a temporary time.

Running a Bitcoin full node on a VPS server instance is much more costly (in the long-term) than running a full node on your 'home' PC.

Whilst you can host a pruned node (for around $5 a month), with VPS / linux server companies such as digital ocean and vultr, hosting a full node at 300+ GB requires block storage which will set you back around $1.00/mo per 10 GB of storage i.e. around $55 a month minimum for a 500 GB instance.

...

I'm actually in the process of writing a guide for setting up a $5 Linux VPS running a pruned Bitcoin node (as a dual stack node with Tor .onion, optional) for my 'Bitcoin on Tor addnodes project' see: https://bitcointalk.org/index.php?topic=5177001.0 - however the guide likely won't be published until after the Tor v3 .onion rollout in mid 2021.

It is also possible to effectively CPU mine various altcoins utilizing cpulimit at 75% max (so that the VPS companies won't ban you!), to offset the cost of running a Bitcoin pruned VPS node 'cloud' instance.

...

TBH I find it rather surprising that the OP has recently posted this topic;

Tutorial: How To Fork Bitcoin
- https://bitcointalk.org/index.php?topic=5295647.0

... and yet seemingly is unaware of what is required in terms of 'hosting' a full Bitcoin server in the cloud !?

...

Whilst we are all always learning, in regards to Bitcoin, as one of the oldest and active members of this forum, topics like this one just highlight to me the often great disparity between users technical knowledge and what gets interest / help / funding to move forward with what folks seemingly need and want to achieve.
I suppose the crux of my questioning on efficiency revolves around storage of the blockchain and the experiences of bitcointalk users storing the blockchain in an external HDD and SSD. It would seem due to the continuous requirement of read/write access, using a SSD is almost always better performance wise. In order to have a forward-compatible node, we would need a SSD of at least 350 GB at this point.

Someone here made the comment that a full node shouldn't be hosted in the cloud in the very place but should only be hosted on hardware that you actually own and can physically access. I tend to agree with the observation that if you are using someone else's hardware than it is not truly YOUR node. In terms of efficiency, it seems in the long run it would actually be most cost-efficiency to pony up the costs for hardware that you yourself host locally, and in the case of storage, this would require a SSD of at least 350 GB - might as well buy 1 TB while you are at it.

Thank you all for your input.

Paleus
Full Member
***
Offline Offline

Activity: 284
Merit: 112


www.diginomics.com


View Profile WWW
December 03, 2020, 05:14:30 PM
 #10

http://mynodebtc.com/

Bitcoin + Lightning plus all the useful necessities to become self-sovereign.

Will step you through exactly what you need to do.

I have a basic technical ability & I found it easy.

Raspberry PI 4, HDD, MicroSD card, case etc ~$200 on Amazon.

Software is FREE unless you want access to premium features (which I highly recommend).


May I ask why HDD instead of SSD?

Additionally, because MyNodeBTC comes preloaded with software, etc., how can we know for certain that it has not been tampered with or a trojan/keylogger, etc. has been installed on the device before it reaches us?

ranochigo
Legendary
*
Offline Offline

Activity: 2478
Merit: 2652

@ me if you need my response


View Profile
December 03, 2020, 05:57:43 PM
 #11

May I ask why HDD instead of SSD?
HDD is more cost effective than SSD in terms of per gb costs. While it does run a bit louder, Bitcoin nodes has a lot of I/O activity with it due to the constant fetching of block info to supply to the nodes. Flash storage can degrade over time with constant reading and writing. HDD is more reliable in this aspect.
Additionally, because MyNodeBTC comes preloaded with software, etc., how can we know for certain that it has not been tampered with or a trojan/keylogger, etc. has been installed on the device before it reaches us?
I would recommend for you to run one with Raspberry Pi.

Do not put your files on the MicroSD card if you're going that route. The high I/O will wear out the MicroSD card very quickly. You would want to synchronize your files on a computer before putting it on a Raspberry Pi. It's too underpowered and will take quite some time, perhaps up to a week to synchronize. You will want to use the options to disable wallet and all the unnecessary stuff to try to save the resources and perhaps limit the peer count. RPi is very underpowered for a node but it performs well for it's price, it'll work just fine for a medium sized full node.

Paleus
Full Member
***
Offline Offline

Activity: 284
Merit: 112


www.diginomics.com


View Profile WWW
December 03, 2020, 09:33:52 PM
 #12

May I ask why HDD instead of SSD?
HDD is more cost effective than SSD in terms of per gb costs. While it does run a bit louder, Bitcoin nodes has a lot of I/O activity with it due to the constant fetching of block info to supply to the nodes. Flash storage can degrade over time with constant reading and writing. HDD is more reliable in this aspect.
Additionally, because MyNodeBTC comes preloaded with software, etc., how can we know for certain that it has not been tampered with or a trojan/keylogger, etc. has been installed on the device before it reaches us?
I would recommend for you to run one with Raspberry Pi.

Do not put your files on the MicroSD card if you're going that route. The high I/O will wear out the MicroSD card very quickly. You would want to synchronize your files on a computer before putting it on a Raspberry Pi. It's too underpowered and will take quite some time, perhaps up to a week to synchronize. You will want to use the options to disable wallet and all the unnecessary stuff to try to save the resources and perhaps limit the peer count. RPi is very underpowered for a node but it performs well for it's price, it'll work just fine for a medium sized full node.
I already have ~145 GB of the blockchain synched on a HDD but the rest is very slow to synch. How can I download the remaining on my local hard drive then move it over to the 1 TB HDD?

barto123
Sr. Member
****
Offline Offline

Activity: 587
Merit: 272


bitcoin2009.com | Blog | News FREE Bitcoin


View Profile WWW
December 03, 2020, 09:49:13 PM
 #13

http://mynodebtc.com/

Bitcoin + Lightning plus all the useful necessities to become self-sovereign.

Will step you through exactly what you need to do.

I have a basic technical ability & I found it easy.

Raspberry PI 4, HDD, MicroSD card, case etc ~$200 on Amazon.

Software is FREE unless you want access to premium features (which I highly recommend).


May I ask why HDD instead of SSD?

Additionally, because MyNodeBTC comes preloaded with software, etc., how can we know for certain that it has not been tampered with or a trojan/keylogger, etc. has been installed on the device before it reaches us?

SDD is better, but obviously more money

MyNode software is opensource; but yes, you are putting an element of trust into the hands on the lead developer - his reputation is on the line though - he has more of an incentive to preserve it if he wants to continue earning good money from his code.

pixie85
Sr. Member
****
Offline Offline

Activity: 1694
Merit: 387


View Profile
December 03, 2020, 09:59:51 PM
 #14

May I ask why HDD instead of SSD?
HDD is more cost effective than SSD in terms of per gb costs. While it does run a bit louder, Bitcoin nodes has a lot of I/O activity with it due to the constant fetching of block info to supply to the nodes. Flash storage can degrade over time with constant reading and writing. HDD is more reliable in this aspect.
That's true but even if you use it 24/7 it's going to take years before the disk degrades. It should survive at least 3 years of heavy load.

Blockchain requires over 300 GB, a cheap 512GB SSD will cost you about 50EUR. It's the average price of a computer game Wink

If you want it to be cheap to run you can set up a node on raspberry pi or a micro pc. A micro pc with 4gb ram will cost you about 100 EUR
Carlton Banks
Legendary
*
Offline Offline

Activity: 3206
Merit: 2591



View Profile
December 03, 2020, 10:02:45 PM
Merited by ETFbitcoin (1)
 #15

+1 Raspberry Pi

I'm using an Rpi 3 (which shares the USB bandwidth with the ethernet), and it's more than enough to do the job

my advice would be to buy 2 external disks; one small SSD (even 32 GB is enough) for speed and reliability, and then one regular HDD with big capacity (+2TB for the future). Put the your Linux installation on the SSD, also Bitcoin's chainstate folder, but then keep the actual blockchain blocks on the slow HDD.

then, run it like a real server: use. the. command line. you'll find you will eventually want to tweak the kernel options to improve the reliability, or maybe for security to run a Lightning daemon alongside bitcoind (Lightning requires a hot wallet)

Vires in numeris
ranochigo
Legendary
*
Offline Offline

Activity: 2478
Merit: 2652

@ me if you need my response


View Profile
December 04, 2020, 02:46:00 AM
 #16

I already have ~145 GB of the blockchain synched on a HDD but the rest is very slow to synch. How can I download the remaining on my local hard drive then move it over to the 1 TB HDD?
What I'll do is to synchronize the client completely on a normal computer and then transfer the entire data directory to the HDD. It'll save a lot of time as you can validate faster on the computer due to its better processor.
That's true but even if you use it 24/7 it's going to take years before the disk degrades. It should survive at least 3 years of heavy load.

Blockchain requires over 300 GB, a cheap 512GB SSD will cost you about 50EUR. It's the average price of a computer game Wink
I don't think anyone actually did an actual test on it but a good priced SSD should withstand the degradation pretty well. In terms of the cost and benefit, you'll probably have a faster synchronization and roughly a similar experience of running a node. I would argue that given the only process that would have any noticeable benefits from an SSD is the IBD, a HDD would provide a marginal cost savings and provide roughly the same user experience.

MoreStamps.Global
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0

Stobox: Securities Tokenization


View Profile
December 04, 2020, 08:31:31 AM
 #17

A dedicated VPS will be the finest solution, I think. I am running ETH 2.0 testnet on GCP and I am satisfied. You don't have to worry about constant internet and electricity supply. Besides, if you are determined to host a node at least for two years and luckily if you are running a business, AWS is here to provide you $5000 credits which is a win-win. There are also resellers you can get such accounts from and utilize it for hosting a node.

stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
Captain-Cryptory
Hero Member
*****
Offline Offline

Activity: 1204
Merit: 739


Buy $BGL before it's too late!


View Profile
December 04, 2020, 08:55:53 AM
Last edit: December 04, 2020, 10:01:22 AM by Captain-Cryptory
 #18

I already have ~145 GB of the blockchain synched on a HDD but the rest is very slow to synch. How can I download the remaining on my local hard drive then move it over to the 1 TB HDD?
What I'll do is to synchronize the client completely on a normal computer and then transfer the entire data directory to the HDD. It'll save a lot of time as you can validate faster on the computer due to its better processor.
That's true but even if you use it 24/7 it's going to take years before the disk degrades. It should survive at least 3 years of heavy load.

Blockchain requires over 300 GB, a cheap 512GB SSD will cost you about 50EUR. It's the average price of a computer game Wink
I don't think anyone actually did an actual test on it but a good priced SSD should withstand the degradation pretty well.

The first BTC node launched by me  was relying on Intel SSD 320 Series 120 GB bought in 2011 and that SSD is still alive and used for ADA node.  Now my BTC node utilizes Samsung 860EVO Pro 1TB. I bought it with plenty  of GB to last up to 2025. When choosing its size I was using calculations done by ETFbitcoin   https://bitcointalk.org/index.php?topic=5148391.msg51270980#msg51270980

.
.......Bitgesell's first yearly halving is coming in less than a month!.......
        ██████████████▄▄▄
       ▐███████████████████▀
       ████████████████▀▀
                    ▀
                            ▄▄
      ███████████       ▄▄████
     ▐██████████▌      ███████
     ███████████      ███████▀
    ▐██████▌         ███████▀
    ███████       ▄▄███████▀
   ▐██████████████████████▀
  ▄█████████████████████▀
▄██████████████████▀▀▀
███████████████████████████
███████████████████████████
███████████████████████████
██████▀███████▀   ▀▀▀▄█████
█████▌  ▀▀███▌       ▄█████
█████▀               ██████
█████▄              ███████
██████▄            ████████
███████▄▄        ▄█████████
██████▄       ▄████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
███████████████████████████
██████████████████▀▀███████
█████████████▀▀▀    ███████
████████▀▀▀   ▄▀   ████████
█████▄     ▄█▀     ████████
████████▄ █▀      █████████
█████████▌▐       █████████
██████████ ▄██▄  ██████████
████████████████▄██████████
███████████████████████████
███████████████████████████
Carlton Banks
Legendary
*
Offline Offline

Activity: 3206
Merit: 2591



View Profile
December 04, 2020, 10:18:23 AM
Merited by ranochigo (2)
 #19

AWS is here to provide you $5000 credits which is a win-win

no that's spending money for almost no gain

AWS VPS instances are run out of the same datacenters occupying the same range of IP addresses, and they're overwhelmingly over-represented as part of the overall infrastrcuture of the internet. The purpose of people running their own Bitcoin node is of security/reliability through redundancy, and since there are probably several hundred+ Bitcoin nodes running on AWS instances, you wouldn't be diversifying the distribution of the Bitcoin network at all, rather more you would be concentrating Bitcoin nodes in the datacenter intranet of just one very large (the largest) hosting company.

sure, use a VPS. Don't use the biggest hosting company for VPS's, that's not making the Bitcoin network in the slightest bit more resilient.

Vires in numeris
MoreStamps.Global
Copper Member
Newbie
*
Offline Offline

Activity: 98
Merit: 0

Stobox: Securities Tokenization


View Profile
December 05, 2020, 04:17:14 AM
 #20

AWS is here to provide you $5000 credits which is a win-win

no that's spending money for almost no gain

AWS VPS instances are run out of the same datacenters occupying the same range of IP addresses, and they're overwhelmingly over-represented as part of the overall infrastrcuture of the internet. The purpose of people running their own Bitcoin node is of security/reliability through redundancy, and since there are probably several hundred+ Bitcoin nodes running on AWS instances, you wouldn't be diversifying the distribution of the Bitcoin network at all, rather more you would be concentrating Bitcoin nodes in the datacenter intranet of just one very large (the largest) hosting company.

sure, use a VPS. Don't use the biggest hosting company for VPS's, that's not making the Bitcoin network in the slightest bit more resilient.

You're right in diversifying the distribution of the Bitcoin network but being a validator, we also need to avoid a burning hole in our pockets, right? Getting $5000 credit account for mere $300 is something very economical for any validator. Now just check the cost of other cloud hosting providers for this specs: v4 CPU, 16 GB RAM and 1 TB SSD. That's all I wanted to say!

People don't give a shit when it comes to helping Bitcoin network to become strong and secure as long as they are getting profits!

stobox 
DIGITAL ASSETS ECOSYSTEM
◉ ───────  Website ⬝  WhitepaperTwitterFacebookTelegramLinkedin  ─────── ◉
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!