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Author Topic: BlockChain Size  (Read 5780 times)
Kazimir
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March 20, 2014, 10:33:01 AM
 #21

What's the problem? In 5+ years it has grown to 15 GB, how much does that cost in terms of storage price? $0.50 or something?

But as mentioned, there are plenty clients that don't need the entire blockchain. And no of course you don't have to wait hours for transactions, they work just like the Bitcoin Core client.

In theory, there's no difference between theory and practice. In practice, there is.
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March 20, 2014, 10:55:59 AM
 #22

Blockchain might grow to next mt.gox

Somehow they manage recent shut down, so I guess it is fine.

jubalix
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March 20, 2014, 11:11:00 AM
 #23

So, I'm kinda new to BitCoin so forgive me if I'm missing something Smiley

I've been reading the Forums & Wiki, and managed to get myself a nice TrueCrypt setup working on my Mac (app & data in the Crypt, with a shell script to launch it all).  However, I thought I could get away with a tiny little volume, but it seems I'm wrong. the BlockChain is BIG.

What's a good size for a Container volume?  And will these BlockChains just continue to grow indefinitely as Coins flow around the network?

look at electrum

aslo HD space grows faster than btc chain.

read the white paper

and they mythical merkle tree

Admitted Practicing Lawyer::BTC/Crypto Specialist.
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March 20, 2014, 11:15:07 AM
 #24

Blockchain might grow to next mt.gox

Somehow they manage recent shut down, so I guess it is fine.

We're talking about the actual blockchain not blockchain.info ...
Kazimir
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March 20, 2014, 12:17:19 PM
 #25

Blockchain might grow to next mt.gox

Somehow they manage recent shut down, so I guess it is fine.
Who is "they"? Blockchain is not a person, or a company, or a website. It's a piece of data distributed all over the world by hundreds of thousands of Bitcoin users. Nothing is shut down.

So yes, indeed it's fine.

How the hell anyone would compare this system to MtGox is beyond me. You might as well compare it to french cheese. Makes no sense either.

In theory, there's no difference between theory and practice. In practice, there is.
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