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Author Topic: The fall of Bitcoin nodes. Why nobody talks about it ?  (Read 6597 times)
BitcoinExchangeIndia.com
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October 23, 2014, 11:25:17 PM
 #21

In these days in Kroin we are coding our transactions verification process and of course we peek a little bit outside our office, also for take a breath!

This article in coin desk http://www.coindesk.com/bitcoin-nodes-need/ put some cards on table:

What really happening to btc network ?
Why Nodes numbers dropping so fast recently ?
Why nobody talks about it ?

Is just how money developers makes for sustain btc network?

Any opinions are welcomed.

one of the Kroin Staff

When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?

Just download the bitcoin-qt or bitcoind and you will be a full node

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allgoodthings1
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October 24, 2014, 01:36:11 AM
 #22

When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?
Not unless he also opens Port 8333 on his firewall.

IRS 501(c)(3) Public Charities That Accept Bitcoin https://bitcointalk.org/index.php?topic=758674.0
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October 24, 2014, 01:44:20 AM
 #23

 blockchain is too lagre.Safety is no problem, inconvenient to use, give up.
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October 24, 2014, 02:11:10 AM
 #24

When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?
Not unless he also opens Port 8333 on his firewall.

Actually you are... you have the same amount of data as a business does, its that only ~ 8 people can access it .

Now to get more people to run full nodes, do like darkcoin does.. their supernoods get a % of each block that is found.. The more connections you have to your node the more of the btc fees you get.

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October 24, 2014, 02:16:16 AM
 #25

When someone runs bitcoin-qt in his personal machine connected to the internet with default configuration, is not he running a full node ?
Not unless he also opens Port 8333 on his firewall.

Actually you are... you have the same amount of data as a business does, its that only ~ 8 people can access it .

Now to get more people to run full nodes, do like darkcoin does.. their supernoods get a % of each block that is found.. The more connections you have to your node the more of the btc fees you get.

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You can only have 8 outgoing connections which means you are connecting to others and not others connecting to you which is pretty much useless. By portforwarding 8333, you allow others to connect to you and therefore you are running a full node. That would pretty much render all ASIC miners and mining operation useless if you allow nodes to get transaction fees instead of miners.

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October 24, 2014, 02:28:49 AM
 #26

Its the problem of blockchain size. Too big in file system. And also it takes a long time for any non-ssd pc to start bitcoin core application.
Everyone is using lightweight wallet now, posing a big threat to the vulnerability of the whole network.

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October 24, 2014, 02:49:46 AM
 #27

Large mining pools have the power/influence that really matters in the BTC network. As long as no one pool gets near 50% how is there any real threat to the network from a lack of home pc (& vps) nodes?

FYI: We are <snip>
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October 24, 2014, 02:54:58 AM
 #28

The ant in the antfarm is not doing a whole lot by itself, however in combination the ants are doing a whole lot of work. And every ant contributes.

If every ant decided they were unimportant, all work would halt to a grind.

Every participant in the bitcoin system is important, even if he only provides a full bitcoin node. He adds strength to the distributed network.

Where some people opt for the simplest solutions and need monetary incentives, others see things at a larger scale and with their visionary attitude realize that every little effort contributes to the growth and success of bitcoin.

The more distributed the block chain is, the better.

Every business who wants bitcoin to succeed should run a full node. While just getting paid through bitpay and then immediately converting to fiat is better than nothing, this is not what bitcoin should be, the day when we have a full chain, where the farmer produces milk, which a techie buys with bitcoins he made from selling hosting and the datacenter accepts bitcoins for his servers, and the landlord and peering partners of the datacenter also accepts bitcoin, then we have the full chain. No fiat, only bitcoin.

Since it is possible today to buy many things and services with bitcoin, I think people who are really into bitcoin should prioritize trade with bitcoins. Just converting immediately to fiat should not be the goal.  On the same breath, those believers of bitcoin should also run a full node, imo.

While the individual cannot achieve anything significant on its own, the collective as a whole can change the world. Well, that's maybe stretching it for now, but Bitcoin's off to a good start!
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October 24, 2014, 03:56:19 AM
 #29

What is the cost of running a full node? on VPS?

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October 24, 2014, 08:08:03 AM
 #30

What is the cost of running a full node? on VPS?

Linode

https://www.linode.com/pricing

Digitalocean

https://www.digitalocean.com/pricing/

That's the 2 most popular VPS provider. Few minutes to launch, very flexible.
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October 24, 2014, 11:47:02 AM
Last edit: October 24, 2014, 12:28:46 PM by allgoodthings1
 #31

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin.

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October 24, 2014, 12:22:44 PM
 #32

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month.

Nice. I didn't know this one.

Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%.
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October 24, 2014, 12:29:30 PM
 #33

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month.

Nice. I didn't know this one.

Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%.

No, that is impossible. You cannot mine on VPS as the processor are being shared and most of their TOS ban mining and will immediately suspend your VPS if you do so. VPS performance is actually pretty bad so you can't really get much.

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October 24, 2014, 12:34:08 PM
 #34

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month.
Nice. I didn't know this one.
Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%.
No, that is impossible. You cannot mine on VPS as the processor are being shared and most of their TOS ban mining and will immediately suspend your VPS if you do so. VPS performance is actually pretty bad so you can't really get much.

CPU coins used to be exclusively mined on VPS.
It depend of the TOS but mining do not use the bandwidth or the HDD at all, only the CPU.
In most case it fit the TOS.
I never seen any VPS miner getting banned (unless it was on a trial account).
They may warn you by email you if you use 1000 VPS only to mine but it is really exceptional.
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October 24, 2014, 12:37:07 PM
 #35

node activity should be kind of incentive along with PoW

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ranochigo
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October 24, 2014, 02:30:21 PM
 #36

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month.
Nice. I didn't know this one.
Also you can use the CPU of the VPS and mine Monero to reduce the cost by about 50% to 100%.
No, that is impossible. You cannot mine on VPS as the processor are being shared and most of their TOS ban mining and will immediately suspend your VPS if you do so. VPS performance is actually pretty bad so you can't really get much.

CPU coins used to be exclusively mined on VPS.
It depend of the TOS but mining do not use the bandwidth or the HDD at all, only the CPU.
In most case it fit the TOS.
I never seen any VPS miner getting banned (unless it was on a trial account).
They may warn you by email you if you use 1000 VPS only to mine but it is really exceptional.

That's the problem. You are clogging the node's resources if you really do mine. There are certain providers which allow you to mine on their VPS but I could guarantee their price is high and the performance isn't good as people mine on the VPS, consuming the resources. Take a look at the TOS of one VPS provider.
Quote
Forbidden Content:
Bitcoin/Litecoin “Mining Software”
VPS mining is usually forbidden on most VPS unless you have a dedicated server which only you use the whole node.However, they are quite expensive compared to a VPS. I have tried doing it once and I was banned within 24 hours for continuously consuming the whole server resource, this is classified under server abuse and I was terminated immediately.

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October 24, 2014, 02:45:17 PM
 #37

That's the problem. You are clogging the node's resources if you really do mine. There are certain providers which allow you to mine on their VPS but I could guarantee their price is high and the performance isn't good as people mine on the VPS, consuming the resources. Take a look at the TOS of one VPS provider.
VPS mining is usually forbidden on most VPS unless you have a dedicated server which only you use the whole node.However, they are quite expensive compared to a VPS. I have tried doing it once and I was banned within 24 hours for continuously consuming the whole server resource, this is classified under server abuse and I was terminated immediately.

Just try Linode and DigitalOcean, as long as you pay, they don't bother you.
I used to have like 100 VPS on both. Never had any complain and some of the staff knew what I was doing because I asked them for help few times.

Most VPS miners use Amazon AWS though (c3.8xlarge).
http://aws.amazon.com/ec2/pricing/
It is the best to mine and they don't ban for mining but you pay for the bandwidth used if you have too many instances.
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October 24, 2014, 03:39:47 PM
 #38

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin.
I could miss $2 a month to support the network. But to me it looks like centralization of bitcoin nodes. Do those nodes share the same ip address? Of so, what's the benefit of running them?
Wouldn't it be better for the network if the nodes are geographically spread around the world, all using different hardware and ip addresses? Or are vps' considered "better than nothing"?
In other words, what's better? A low end home server running a node or a shared centralized node on high end hardware?

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October 24, 2014, 03:59:01 PM
 #39

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin.
I could miss $2 a month to support the network. But to me it looks like centralization of bitcoin nodes. Do those nodes share the same ip address? Of so, what's the benefit of running them?
Wouldn't it be better for the network if the nodes are geographically spread around the world, all using different hardware and ip addresses? Or are vps' considered "better than nothing"?
In other words, what's better? A low end home server running a node or a shared centralized node on high end hardware?
Nope, they do not have the same IP. However, the IP are within the same /16 block. This means that Bitcoin clients will only connect to one of the nodes running on the /16 block unless you specify that you want to connect to it, in the bitcoin.conf, add this 'addnode=IP:PORT'. Different hardware doesn't affect the node, only the geographical location. The best choice is to select a place with very little bitcoin nodes and buy a server at that country and run a node.

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October 24, 2014, 04:02:35 PM
 #40

What is the cost of running a full node? on VPS?
I have mine with We Love Servers.  60GB SSD (for now rapidly expanding blockchain size) -- price: $2/month. And I can pay in bitcoin.
I could miss $2 a month to support the network. But to me it looks like centralization of bitcoin nodes. Do those nodes share the same ip address? Of so, what's the benefit of running them?
Wouldn't it be better for the network if the nodes are geographically spread around the world, all using different hardware and ip addresses? Or are vps' considered "better than nothing"?
In other words, what's better? A low end home server running a node or a shared centralized node on high end hardware?

Each VPS has a different unique IP.
With most providers, you can chose the location between many countries.
Yes, a VPS does its job as full Bitcoin node.
VPS are great node.

You are looking for a fast and stable Internet connection. The hardware doesn't matter much. You just need enough space on the HDD.

EDIT : As ranochigo said, you must be careful about the settings in bitcoin.conf
You need to ask help and advices from knowledgeable members.
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