Topic: [2018-12-23] Number of Reachable Bitcoin Nodes Fell 19% in 2018 - page 2. (Read 407 times)
December 23, 2018, 03:45:54 PM
As stompix points out, this myth should have long been destroyed. China miners making the network decentralized? I don't have screenshots but US has been leading the way for a long time in terms of nodes, even long before miners started switching off their rigs. Far as I know, this trend is repeated even when Segwit was rolled out, and if you look at Lightning Network nodes, it's almost exactly the same reflection. Well done to Singapore. Nary a miner there, yet full of nodes.
December 23, 2018, 11:58:53 AM
Let's look at the bright side, two years ago there were only 5k nodes.
Also, the stats destroy another myth, that of Asia leading the way in crypto:
Funny how Kenya who was supposed to be the next big thing in crypto has 2 nodes, and Nigeria 1.
Oh, and Venezuela tops the charts at 4
Also, the stats destroy another myth, that of Asia leading the way in crypto:
Funny how Kenya who was supposed to be the next big thing in crypto has 2 nodes, and Nigeria 1.
Oh, and Venezuela tops the charts at 4
December 23, 2018, 10:14:56 AM
I think it is only a direct result of the smaller miners leaving the Bitcoin scene. The profitability of the mining might have paid for the hosting of the node and now those miners are struggling and they might have temporarily shutdown these nodes.
The situation will change as the profitability increase in the future. 
The situation will change as the profitability increase in the future.
December 23, 2018, 06:45:54 AM
Data from Bitnodes shows that the number of reachable nodes on the bitcoin blockchain fell 18.98 percent in 2018 from 11,845 to 9,597. In the same period, the number of unreachable nodes also fell 33 percent from 98,000 to 65,500. To understand the significance of the data, it is helpful to establish the functions of reachable and unreachable nodes.
https://www.ccn.com/number-of-reachable-bitcoin-nodes-fell-19-in-2018/
https://www.ccn.com/number-of-reachable-bitcoin-nodes-fell-19-in-2018/
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