I personally hate the idea of having to run a bitcoin full node. I really don't want to download 20GB.
40GB ATM.33Gb
https://blockchain.info/de/charts/blocks-size
Topic: [ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming) - page 326. (Read 790393 times)
May 03, 2015, 07:31:45 AM
33Gb
https://blockchain.info/de/charts/blocks-size
May 03, 2015, 07:29:29 AM
If we can come up with a workable model, I think we will attract some help from Bitcoin devs to help push this forward, possibly some of the bitcoin core devs now at the MIT Labs - let them work on making it work.
Like any service running on servicenodes, if after 3 or 6 months it wasn't adding any value to the network, then we can drop the service.
What are the costs of a good VPS with unlimited data? Providers and plans here http://lowendbox.com/
The potential risk vs. reward makes a trial worth a go, IMO.
Like any service running on servicenodes, if after 3 or 6 months it wasn't adding any value to the network, then we can drop the service.
What are the costs of a good VPS with unlimited data? Providers and plans here http://lowendbox.com/
The potential risk vs. reward makes a trial worth a go, IMO.
Definitely,
I was never a fan on those 5-10$ per month servers... sure 10 years ago, but since I want my servers to do some real heavylifting I can't expect them to be that cheap.
E.g. ATM I run two servers with 24 GB ram each, and 1 Terabyte of space. (each has a 2x2Ghz CPU), and I pay about 60$ for each of them each month.
I did a test a few months ago, about how many daemons I could run successfully on such a machine, and I was very well able to run 20 daemons of 20 different coins simultaneously.
If you add more you then start running into problems.
But I think a single bitcoin daemon shouldn't eat away more then 10% of the ressources of such a machine, and even run on a low end server.
May 03, 2015, 07:27:21 AM
I thought we wante setting up servicenodes easy, but now the user will need to download 20GB of blockchain from bitcoin? It doesn't sound so user friendly...
33 Gbyte....
and yes, that about reflects how important bitcoin is.
we have to face this, bitcoin has problems, and if bitcoin crumbles, we can all kiss our sideproject's asses goodbye.
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
But then I am not sure how we are going to give the people a score...
We can't have someone install say 10 different services and get payed the same amount as someone who only wants to install 1 service.
Yes, we can give people the freedom to participate in those projects (say if someone doesn't want to run full bitcoin nodes)... but this would then mean that they will recieve a smaller SN payment.
it should be possible, if it was set as a weighted value so if we set the value of hosting a full node to 40% and someone does not want to host, then their earnings would be 40% less, i think it should be possible, also if we build an api on top of the service nodes, it would be easier to add in services... i know it requires foot work, but the end result would be the better
May 03, 2015, 07:21:21 AM
I thought we wante setting up servicenodes easy, but now the user will need to download 20GB of blockchain from bitcoin? It doesn't sound so user friendly...
33 Gbyte....
and yes, that about reflects how important bitcoin is.
we have to face this, bitcoin has problems, and if bitcoin crumbles, we can all kiss our sideproject's asses goodbye.
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
But then I am not sure how we are going to give the people a score...
We can't have someone install say 10 different services and get payed the same amount as someone who only wants to install 1 service.
Yes, we can give people the freedom to participate in those projects (say if someone doesn't want to run full bitcoin nodes)... but this would then mean that they will recieve a smaller SN payment.
May 03, 2015, 07:07:41 AM
One thing we need to discuss is that whilst the original SPR masternode test was extremely easy to use, allowing multiple MNs per wallet, we can't really have a model where you could in theory have an unlimited number of masternodes on the same PC or laptop.
Perhaps one public IP per service node? A point to be discussed. I suppose it depends on whether it would be allowable for somebody to have 50+ service nodes sitting on their PC at home and whether they'd be able to provide a decent quality of service (whatever that service is).
Perhaps one public IP per service node? A point to be discussed. I suppose it depends on whether it would be allowable for somebody to have 50+ service nodes sitting on their PC at home and whether they'd be able to provide a decent quality of service (whatever that service is).
May 03, 2015, 06:34:26 AM
I personally hate the idea of having to run a bitcoin full node. I really don't want to download 20GB.
40GB ATM. 
May 03, 2015, 06:13:30 AM
...
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
+1
My take is that we see if the first servicenode launch can include an automated / easy way for node operators to have a full bitcoin node start-up.
We have seen that bitcoin nodes can be tracked
Instead of starting out with a plan to verify if nodes are being closed down after they are launched, lets leave that as an issue that will be addressed at a future date. If people choose to shut down bitcoin nodes, then we can keep an audit account of IP addresses, and apply retrospective deductions in payments.
ServiceNodes can ping each other and we can create an audit log of up time of addresses from bitnodes and servicenodes. The audit log does't have to be there at launch.
At first the the payment deductions will not mean much, but as services grow so will the potential losses. I personally would not want to risk that for the sake of saving a few $ on hosting costs.
This means we can launch at the end of May or start of June, with servicenodes and bitcoin full nodes. If people don't have a bitcoin full node service running (this can be part of the rating system, possibly) they will get fewer rewards, maybe skewed a little against them vs. what other nodes get?
I personally hate the idea of having to run a bitcoin full node. I really don't want to download 20GB. Please don't implement this idea. I don't see how a masternode can verify the servicenode's chain anyway. They can always steal the information from a website.
If we can come up with a workable model, I think we will attract some help from Bitcoin devs to help push this forward, possibly some of the bitcoin core devs now at the MIT Labs - let them work on making it work.
Like any service running on servicenodes, if after 3 or 6 months it wasn't adding any value to the network, then we can drop the service.
What are the costs of a good VPS with unlimited data? Providers and plans here http://lowendbox.com/
The potential risk vs. reward makes a trial worth a go, IMO.
May 03, 2015, 05:52:02 AM
...
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
+1
My take is that we see if the first servicenode launch can include an automated / easy way for node operators to have a full bitcoin node start-up.
We have seen that bitcoin nodes can be tracked
Instead of starting out with a plan to verify if nodes are being closed down after they are launched, lets leave that as an issue that will be addressed at a future date. If people choose to shut down bitcoin nodes, then we can keep an audit account of IP addresses, and apply retrospective deductions in payments.
ServiceNodes can ping each other and we can create an audit log of up time of addresses from bitnodes and servicenodes. The audit log does't have to be there at launch.
At first the the payment deductions will not mean much, but as services grow so will the potential losses. I personally would not want to risk that for the sake of saving a few $ on hosting costs.
This means we can launch at the end of May or start of June, with servicenodes and bitcoin full nodes. If people don't have a bitcoin full node service running (this can be part of the rating system, possibly) they will get fewer rewards, maybe skewed a little against them vs. what other nodes get?
I personally hate the idea of having to run a bitcoin full node. I really don't want to download 20GB. Please don't implement this idea. I don't see how a masternode can verify the servicenode's chain anyway. They can always steal the information from a website.
May 03, 2015, 05:44:15 AM
...
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
+1
My take is that we see if the first servicenode launch can include an automated / easy way for node operators to have a full bitcoin node start-up.
We have seen that bitcoin nodes can be tracked
Instead of starting out with a plan to verify if nodes are being closed down after they are launched, lets leave that as an issue that will be addressed at a future date. If people choose to shut down bitcoin nodes, then we can keep an audit account of IP addresses, and apply retrospective deductions in payments.
ServiceNodes can ping each other and we can create an audit log of up time of addresses, plus the version being run, from bitnodes and also from servicenodes. The audit log does't have to be there at launch.
At first the the payment deductions will not mean much, but as services grow so will the potential losses. I personally would not want to risk that for the sake of saving a few $ on hosting costs.
This means we can launch at the end of May or start of June, with servicenodes and bitcoin full nodes.
For clarity, bitcoin full nodes, running in parallel with servicenodes, can have a zero balance.
May 03, 2015, 04:47:12 AM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
But then if Bitcoin implements those features & users get rewarded for having Servicenodes/Masternodes then the price of BTC would drop considerably since inflation will increase due to more coins being created quicker without mining.
A lot of people have stored up big on Bitcoin so I wouldn't be surprised if those kinds of people would abuse the system, then a fix would have to be issued etc, etc.
To be honest Bitcoin is fine the way it is, I don't see any coins even worth $5-$30 each these days.
Litecoin was the only coin to even gain that much momentum but the ever ongoing fad in the crypto scene is the traders as you can't control them, Buy Low, Sell High, Rinse & Repeat, that is how the game is played until they move onto the next coin as nobody wants to mine outdated things apparently.
Or I misunderstanding the whole situation ?
On another note wouldn't that still be technically PoS but only earnable through Servicenodes/Masternodes ?
There has been a consistent downtrend in full bitcoin nodes.
https://getaddr.bitnodes.io/dashboard/?days=90
This proposal is not for bitcoin to adopt servicenodes, as far as I can tell.
This proposal is for servicenode operators to host full bitcoin nodes. Bitcoin holders wouldn't care much about the impact on bitcoin, other than those in the know recognizing that the security and stability of the bitcoin network is being supported by an altcoin.
and that is something that creates value!
think of it this way, its the first test version, at some point when we have more than 1 service for the service nodes, i think the best course will be to let the service nodes decide what services they want to offer, and what services not to offer....
May 03, 2015, 04:41:04 AM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
But then if Bitcoin implements those features & users get rewarded for having Servicenodes/Masternodes then the price of BTC would drop considerably since inflation will increase due to more coins being created quicker without mining.
A lot of people have stored up big on Bitcoin so I wouldn't be surprised if those kinds of people would abuse the system, then a fix would have to be issued etc, etc.
To be honest Bitcoin is fine the way it is, I don't see any coins even worth $5-$30 each these days.
Litecoin was the only coin to even gain that much momentum but the ever ongoing fad in the crypto scene is the traders as you can't control them, Buy Low, Sell High, Rinse & Repeat, that is how the game is played until they move onto the next coin as nobody wants to mine outdated things apparently.
Or I misunderstanding the whole situation ?
On another note wouldn't that still be technically PoS but only earnable through Servicenodes/Masternodes ?
There has been a consistent downtrend in full bitcoin nodes.
https://getaddr.bitnodes.io/dashboard/?days=90
This proposal is not for bitcoin to adopt servicenodes, as far as I can tell.
This proposal is for servicenode operators to host full bitcoin nodes. Bitcoin holders wouldn't care much about the impact on bitcoin, other than those in the know recognizing that the security and stability of the bitcoin network is being supported by an altcoin.
and that is something that creates value!
May 03, 2015, 04:09:32 AM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
But then if Bitcoin implements those features & users get rewarded for having Servicenodes/Masternodes then the price of BTC would drop considerably since inflation will increase due to more coins being created quicker without mining.
A lot of people have stored up big on Bitcoin so I wouldn't be surprised if those kinds of people would abuse the system, then a fix would have to be issued etc, etc.
To be honest Bitcoin is fine the way it is, I don't see any coins even worth $5-$30 each these days.
Litecoin was the only coin to even gain that much momentum but the ever ongoing fad in the crypto scene is the traders as you can't control them, Buy Low, Sell High, Rinse & Repeat, that is how the game is played until they move onto the next coin as nobody wants to mine outdated things apparently.
Or I misunderstanding the whole situation ?
On another note wouldn't that still be technically PoS but only earnable through Servicenodes/Masternodes ?
There has been a consistent downtrend in full bitcoin nodes.
https://getaddr.bitnodes.io/dashboard/?days=90
This proposal is not for bitcoin to adopt servicenodes, as far as I can tell.
This proposal is for servicenode operators to host full bitcoin nodes. Bitcoin holders wouldn't care much about the impact on bitcoin, other than those in the know recognizing that the security and stability of the bitcoin network is being supported by an altcoin.
and that is something that creates value!
May 02, 2015, 11:44:51 PM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
But then if Bitcoin implements those features & users get rewarded for having Servicenodes/Masternodes then the price of BTC would drop considerably since inflation will increase due to more coins being created quicker without mining.
A lot of people have stored up big on Bitcoin so I wouldn't be surprised if those kinds of people would abuse the system, then a fix would have to be issued etc, etc.
To be honest Bitcoin is fine the way it is, I don't see any coins even worth $5-$30 each these days.
Litecoin was the only coin to even gain that much momentum but the ever ongoing fad in the crypto scene is the traders as you can't control them, Buy Low, Sell High, Rinse & Repeat, that is how the game is played until they move onto the next coin as nobody wants to mine outdated things apparently.
Or I misunderstanding the whole situation ?
On another note wouldn't that still be technically PoS but only earnable through Servicenodes/Masternodes ?
There has been a consistent downtrend in full bitcoin nodes.
https://getaddr.bitnodes.io/dashboard/?days=90
This proposal is not for bitcoin to adopt servicenodes, as far as I can tell.
This proposal is for servicenode operators to host full bitcoin nodes. Bitcoin holders wouldn't care much about the impact on bitcoin, other than those in the know recognizing that the security and stability of the bitcoin network is being supported by an altcoin.
May 02, 2015, 11:04:32 PM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
But then if Bitcoin implements those features & users get rewarded for having Servicenodes/Masternodes then the price of BTC would drop considerably since inflation will increase due to more coins being created quicker without mining.
A lot of people have stored up big on Bitcoin so I wouldn't be surprised if those kinds of people would abuse the system, then a fix would have to be issued etc, etc.
To be honest Bitcoin is fine the way it is, I don't see any coins even worth $5-$30 each these days.
Litecoin was the only coin to even gain that much momentum but the ever ongoing fad in the crypto scene is the traders as you can't control them, Buy Low, Sell High, Rinse & Repeat, that is how the game is played until they move onto the next coin as nobody wants to mine outdated things apparently.
Or I misunderstanding the whole situation ?
On another note wouldn't that still be technically PoS but only earnable through Servicenodes/Masternodes ?
May 02, 2015, 10:53:44 PM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
Looks like its just under investigation.
If it could be done, SPR would get so much publicity out of it it's not funny.
An altcoin supporting Bitoin? The price of servicenodes would go through the roof.
May 02, 2015, 10:32:48 PM
All looks great, so far, especially the BTC full node feature.
Wait, we're actually going through with this???I thought it was just someone's idea.
May 02, 2015, 09:55:52 PM
All looks great, so far, especially the BTC full node feature.
Bitcoin lost about 2-3k full nodes since last year.
Some info on full nodes from gmaxwell in CT
Maxwell explained some ongoing projects to increase privacy, and he recommended that users run a full node, rather than run simple payment verifications (SPVs). He says:
“We have been working along to make it easier for users to run full nodes since full nodes have fundamental privacy advantages. The existing models for SPVs are fundamentally weak from a privacy perspective.”
However, it is quite painful for clients to run a 30 GB full node on their devices, and it is not practical. Therefore, devs are releasing a pruning version that brings the size down to 1.3 GB. Pruning allows users to run a full node that autonomously validates the network, and it’s still fully private, while it doesn’t store the whole blockchain. It is even practical for a Bitcoin core to be run on a mobile phone with pruning, offering more privacy.
http://cointelegraph.com/news/114137/while-core-development-declines-gregory-maxwell-and-sf-devs-remain-focused
Can't wait for the rest of the road map.
Bitcoin lost about 2-3k full nodes since last year.
Some info on full nodes from gmaxwell in CT
Maxwell explained some ongoing projects to increase privacy, and he recommended that users run a full node, rather than run simple payment verifications (SPVs). He says:
“We have been working along to make it easier for users to run full nodes since full nodes have fundamental privacy advantages. The existing models for SPVs are fundamentally weak from a privacy perspective.”
However, it is quite painful for clients to run a 30 GB full node on their devices, and it is not practical. Therefore, devs are releasing a pruning version that brings the size down to 1.3 GB. Pruning allows users to run a full node that autonomously validates the network, and it’s still fully private, while it doesn’t store the whole blockchain. It is even practical for a Bitcoin core to be run on a mobile phone with pruning, offering more privacy.
http://cointelegraph.com/news/114137/while-core-development-declines-gregory-maxwell-and-sf-devs-remain-focused
Can't wait for the rest of the road map.
May 02, 2015, 07:41:12 PM
If we're accommodating the running of a full bitcoin node and this costs $5/month in cloud server fees (I have no idea if this is accurate) and your servicenode receives say an average of 2 payments/day (770 max nodes to start) at 30 percent reward rate, or 120 spr/month, this could definitely work with a bit of profitability.
$5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
$5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
IMO It should be obvious sooner or later SPR will be worth more .0003
May 02, 2015, 06:39:49 PM
If we're accommodating the running of a full bitcoin node and this costs $5/month in cloud server fees (I have no idea if this is accurate) and your servicenode receives say an average of 2 payments/day (770 max nodes to start) at 30 percent reward rate, or 120 spr/month, this could definitely work with a bit of profitability.
$5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
But the cool thing with spreadcoin is, you are able to have more then one spreadnode on each ip address, so that means if you have 2 nodes, you receive $8.53 a month and 3 nodes would be $13.53/month. $5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
May 02, 2015, 05:47:46 PM
If we're accommodating the running of a full bitcoin node and this costs $5/month in cloud server fees (I have no idea if this is accurate) and your servicenode receives say an average of 2 payments/day (770 max nodes to start) at 30 percent reward rate, or 120 spr/month, this could definitely work with a bit of profitability.
$5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
$5 in bitcoin= .0205/120 spr reward per month= .00001708. If the price of bitcoin remains constant and the price of spr increases to .0003 where it has been for a large portion of its lifespan, you would initially net $3.53 in profit/month per node.
Jump to: