Bitnodes Incentive Program

[p2pbucks]

Now it seems bitcoin foundation is focusing on enlarging bitcoin nodes scale  . Do we have a plan to establish bitcoin ledger root nodes ( the nodes maintain full ledger ) before the public ledger reaches a very large size ?  what do you think ?

https://getaddr.bitnodes.io/nodes/incentive/

[1715362716]

1715362716

[1715362716]

1715362716

[inBitweTrust]

great idea .. something good from TBF...

Summary -
Current users using API- 27, and once this gets to 100 a random node that meets a certain criteria - https://getaddr.bitnodes.io/nodes/leaderboard/#peer-index gets rewarded with at least 10 dollars and as the amount of nodes increase the reward increases to 30usd until 2016 or we reach 10k nodes.

[pedrog]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

[inBitweTrust]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

hmm... so they are only rewarding nodes that are in mining pools or are they using the term "pool" in a more generic manner to refer to the payout happening once 100 nodes signup?

[pedrog]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

hmm... so they are only rewarding nodes that are in mining pools or are they using the term "pool" in a more generic manner to refer to the payout happening once 100 nodes signup?

At least 100 nodes, the maximum chance of one being paid is 1/100, but it will probably be lower, which means for the duration of this program, the majority of nodes will not be paid.

[inBitweTrust]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

hmm... so they are only rewarding nodes that are in mining pools or are they using the term "pool" in a more generic manner to refer to the payout happening once 100 nodes signup?

At least 100 nodes, the maximum chance of one being paid is 1/100, but it will probably be lower, which means for the duration of this program, the majority of nodes will not be paid.

So a VPS that costs 5 dollars a month has around a 44% chance to 2% chance at the lowest of being rewarded between 20- 30usd in 2015. Not enough to make people go out of their way to setup a node by itself but if you were going to be using that vps for other purposes you may as well signup.

[pedrog]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

hmm... so they are only rewarding nodes that are in mining pools or are they using the term "pool" in a more generic manner to refer to the payout happening once 100 nodes signup?

At least 100 nodes, the maximum chance of one being paid is 1/100, but it will probably be lower, which means for the duration of this program, the majority of nodes will not be paid.

So a VPS that costs 5 dollars a month has around a 44% chance to 2% chance at the lowest of being rewarded between 20- 30usd in 2015. Not enough to make people go out of their way to setup a node by itself but if you were going to be using that vps for other purposes you may as well signup.

Yes, it's good for people who already have nodes or the means to have nodes, if people are going to set up nodes with the expectation of making profit, gonna have a bad time...

[theskillzdatklls]

ive always thought the masternodes thing was fucking genius on darkcoin's side. the thing i hate most about owning bitcoin is having no completely secure trustless investment program for them. darkcoin's masternode is the best technology i've ever seen around that but darkcoin is just some ridiculous altcoin so its great technology behind something that is worthless (for now anyway, though probably forever).

bitnodes, afaik, is a very small step in that direction so that's cool.

[shorena]

I tried to register my node, but apparently they have to check stuff first. Lets wait and see. The node is up anyway.

[nextblast]

It's not user-friendly enough, at least for majority windows users.
You'll have to hack a little to get things done right.

[shorena]

It's not user-friendly enough, at least for majority windows users.
You'll have to hack a little to get things done right.

I doubt they are targeting windows users on a home line with this.

[Newar]

I tried to register my node, but apparently they have to check stuff first. Lets wait and see. The node is up anyway.

I thought it went pretty quick. Do you have the address listed on your page in plain text or just the QR code?

[shorena]

I tried to register my node, but apparently they have to check stuff first. Lets wait and see. The node is up anyway.

I thought it went pretty quick. Do you have the address listed on your page in plain text or just the QR code?

Its verified by now. Its in plain text, but I think the mistake was to give the URL as https, while I dont actually provide SSL.

[zvs]

it'd help if the scoring method wasn't crap, specifically the "ASN index"

i'll connect to a lot of nodes from the same ASN because there are a few specific ASNs that host the majority of dedicated servers that run bitcoin nodes.  hetzner is 24940, ovh is 16276, digital ocean is 14061, etc, etc.  far more beneficial for me to connect to these, rather than, say, Africa Online Holdings @ 18922.  oh, yeah, they also don't timeout.

the best nodes aren't these VPS that have 100ms+ latency.  i mean, seriously, I'd have an easier time getting a high score on that from my home connection, with 768kbps upstream... well, more like 512kbps, since I'd limit it with netlimiter.  having 75 connections open on that wouldnt be doing the network any favors

https://getaddr.bitnodes.io/nodes/leaderboard/?q=your-server

those are all the hetzner servers w/o a reverse DNS set, highest is 858.  note their ASN index scores.

https://getaddr.bitnodes.io/nodes/leaderboard/?q=poney

those are all the online.net servers w/o RDNS set, highest is 619.  note their ASN index scores

https://getaddr.bitnodes.io/nodes/leaderboard/?q=kimsufi
https://getaddr.bitnodes.io/nodes/leaderboard/?q=ovh

all the kimsufis and ovh servers.  see the ASN index?  noticing a trend?

though if you're in, say,

https://getaddr.bitnodes.io/nodes/leaderboard/?q=egypt
https://getaddr.bitnodes.io/nodes/leaderboard/?q=africa
https://getaddr.bitnodes.io/nodes/leaderboard/?q=saudi+arabia
https://getaddr.bitnodes.io/nodes/leaderboard/?q=philippines

you're gtg, even if you do only have 1Mbps upstream (if that)

slightly more difficult is

https://getaddr.bitnodes.io/nodes/leaderboard/?q=china
https://getaddr.bitnodes.io/nodes/leaderboard/?q=israel
https://getaddr.bitnodes.io/nodes/leaderboard/?q=new+zealand

and so on.

[2112]

it'd help if the scoring method wasn't crap, specifically the "ASN index"

It would be crap both ways. "ASN index" weighting tries to promote decentralization.

I remember one Bittorrent statistics gaming service that used to run on a single server with the whole "Class C subnet" with 254 IP aliases.

It is hard to come up with a really truthful statistics without actually downloading the data from multiple locations around the globe.

[zvs]

it'd help if the scoring method wasn't crap, specifically the "ASN index"

It would be crap both ways. "ASN index" weighting tries to promote decentralization.

I remember one Bittorrent statistics gaming service that used to run on a single server with the whole "Class C subnet" with 254 IP aliases.

It is hard to come up with a really truthful statistics without actually downloading the data from multiple locations around the globe.

Just because a lot of nodes happen to be in a single ASN doesn't indicate 'centralization', though.  Well, that is, unless you think the people at Hetzner/OVH/Digital Ocean/Linode/Vultr/whatever else are plotting some scheme. 

I guess I should also say I have an issue with the daily uptime index, since mine says '0 ms' sometimes, it counts it as being down.

[lovekaze]

Now it seems bitcoin foundation is focusing on enlarging bitcoin nodes scale  . Do we have a plan to establish bitcoin ledger root nodes ( the nodes maintain full ledger ) before the public ledger reaches a very large size ?  what do you think ?

https://getaddr.bitnodes.io/nodes/incentive/

We have less than 7000 nodes now but we will have more than 10 000 nodes within a year of time.
The Bitcoin wikipedia page explains nodes : https://en.bitcoin.it/wiki/How_bitcoin_works

[2112]

Just because a lot of nodes happen to be in a single ASN doesn't indicate 'centralization', though.  Well, that is, unless you think the people at Hetzner/OVH/Digital Ocean/Linode/Vultr/whatever else are plotting some scheme. 

I guess I should also say I have an issue with the daily uptime index, since mine says '0 ms' sometimes, it counts it as being down.

Well, as far as Bitcoin node protocol this is centralization. Bitcoin attempts to spread the outgoing connections by avoiding those addresses that are "close" with regard to IP netmask, it has no access to BGP/ASN tables. Bittorrent does a different decentralization by computing node priority as some sort of hash of IP/port, which is somewhat more tolerant of peers with nearly sequential IPs.

Given the current protocol rules I'll say that de-weighting by ASN is a decent attempt at approximating a measure of decentralization.

Interestingly I also have latency spikes down to 0ms, but my node's uptime shows 100.00%.
 

[SirChiko]

'The weekly incentive will be paid in bitcoins to the Bitcoin address of a node selected randomly from a pool with at least 100 eligible nodes.'

hmm... so they are only rewarding nodes that are in mining pools or are they using the term "pool" in a more generic manner to refer to the payout happening once 100 nodes signup?

At least 100 nodes, the maximum chance of one being paid is 1/100, but it will probably be lower, which means for the duration of this program, the majority of nodes will not be paid.

So a VPS that costs 5 dollars a month has around a 44% chance to 2% chance at the lowest of being rewarded between 20- 30usd in 2015. Not enough to make people go out of their way to setup a node by itself but if you were going to be using that vps for other purposes you may as well signup.

Yes, it's good for people who already have nodes or the means to have nodes, if people are going to set up nodes with the expectation of making profit, gonna have a bad time...

Atleast they will supprot the network and that's an good thing

[Brewins]

It's not user-friendly enough, at least for majority windows users.
You'll have to hack a little to get things done right.

it is not made to be user friendly. There are other programs made to be user friendly.

Run full nodes is for people that know what they are doing