Bigger blocks coming in release 0.11

Lauda

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Terminated.

Quote from: jl2012 on May 07, 2015, 04:08:24 AM

Quote from: rax on May 07, 2015, 03:35:59 AM

With a 20MB block size limit you'll need a full TB per year if the network ever runs at full capacity. With a 1MB limit we're talking a more manageable 51GB/yr.

A 2TB HDD is selling at around US$70 currently. That's $0.096/day, or $2.92/month. And don't forget the cost will go nowhere but down.

Don't forget also that it will takes us a lot of years before each block is 20MB big.
I'd probably say 5+ years but that's just my guess. Memory and bandwidth will be much cheaper then than it is now.
Also it seems that nobody notices the pruning feature that we're going to have soon.

jl2012

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Quote from: rax on May 07, 2015, 03:35:59 AM

Quote from: Hazir on May 04, 2015, 05:02:10 PM

Quote from: spazzdla on May 04, 2015, 12:17:32 PM

Quote from: dasource on May 04, 2015, 12:09:25 PM

About time! Anyone whining about this need to get their marbles examined.

The blockchain size is already turning into a serious problem... Don't speak with such a vicious tone when you don't know what you are talking about.

BlockChain is already almost 40 GB of size, but this change is inevitable. There is no problem with our current terabyte hard disks to storage it. And you dont have to run full node wallet like Bitcoin Core at all.
Electrum or MultiBit will do just fine.

With a 20MB block size limit you'll need a full TB per year if the network ever runs at full capacity. With a 1MB limit we're talking a more manageable 51GB/yr.

A 2TB HDD is selling at around US$70 currently. That's $0.096/day, or $2.92/month. And don't forget the cost will go nowhere but down.

rax

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Quote from: Hazir on May 04, 2015, 05:02:10 PM

Quote from: spazzdla on May 04, 2015, 12:17:32 PM

Quote from: dasource on May 04, 2015, 12:09:25 PM

About time! Anyone whining about this need to get their marbles examined.

The blockchain size is already turning into a serious problem... Don't speak with such a vicious tone when you don't know what you are talking about.

BlockChain is already almost 40 GB of size, but this change is inevitable. There is no problem with our current terabyte hard disks to storage it. And you dont have to run full node wallet like Bitcoin Core at all.
Electrum or MultiBit will do just fine.

With a 20MB block size limit you'll need a full TB per year if the network ever runs at full capacity. With a 1MB limit we're talking a more manageable 51GB/yr.

Lauda

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Terminated.

Quote from: Buffer Overflow on May 06, 2015, 01:45:54 AM

Quote from: solex on May 06, 2015, 01:44:03 AM

Quote from: Buffer Overflow on May 05, 2015, 02:21:14 PM

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that. Cheesy

Just six posts later one has popped up...

Quote from: Pecunia non olet on May 05, 2015, 10:23:48 PM

[noise]

LOL. Well spotted. Cheesy

Well that escalated quickly. What else to expect from a forum that has over 50% of shills?

One of the worst things is that Satoshi foresaw this. The longer we wait before a decision is made, the worse it gets.
The first transaction (with a fee) that doesn't get included in a block will cause panic.
Don't talk to me about the free market. Are we supposed to fight over who's going to be in the block? Should I pay a $10 fee to send $1? No, thank you. Any altcoin can do it for a much lower one.

Mikestang

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The capacity cliff

And why we can’t use fancy tricks to avoid it

Quote

This article analyses some proposed alternatives to raising Bitcoin’s network capacity, specifically, the Lightning network. But the arguments made are general and could apply to other proposed alternatives too.

https://medium.com/@octskyward/the-capacity-cliff-586d1bf7715e

HI-TEC99

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Quote from: Amph on May 06, 2015, 02:13:22 AM

Quote from: Mikestang on May 05, 2015, 11:36:57 PM

Quote from: johnyj on May 05, 2015, 07:56:00 PM

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Yup, and this is what a 250 megabyte hard drive looked like in 1979.

30 years later you can fit 250x250 megabytes on something the size of your finger nail. When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

They have been developing something called racetrack memory for years. However, it sounds like fusion, it's always another ten more years until they say they will get it working.

Amph

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Quote from: solex on May 06, 2015, 02:52:36 AM

Quote from: Amph on May 06, 2015, 02:13:22 AM

Quote from: Mikestang on May 05, 2015, 11:36:57 PM

Quote from: johnyj on May 05, 2015, 07:56:00 PM

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Yup, and this is what a 250 megabyte hard drive looked like in 1979.

30 years later you can fit 250x250 megabytes on something the size of your finger nail. When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

Glass storage?
http://physicsworld.com/cws/article/news/2013/jul/17/5d-superman-memory-crystal-heralds-unlimited-lifetime-data-storage

last time i heard that they are working on graphene or nanotubes, as a next material, but glass could be another option(a storage in your glasses would be fabulous)

it's seems that they can push silicon to 7nm, but it will be too costly

solex

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100 satoshis -> ISO code

Quote from: Amph on May 06, 2015, 02:13:22 AM

Quote from: Mikestang on May 05, 2015, 11:36:57 PM

Quote from: johnyj on May 05, 2015, 07:56:00 PM

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Yup, and this is what a 250 megabyte hard drive looked like in 1979.

30 years later you can fit 250x250 megabytes on something the size of your finger nail. When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

Glass storage?
http://physicsworld.com/cws/article/news/2013/jul/17/5d-superman-memory-crystal-heralds-unlimited-lifetime-data-storage

Amph

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Quote from: Mikestang on May 05, 2015, 11:36:57 PM

Quote from: johnyj on May 05, 2015, 07:56:00 PM

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Yup, and this is what a 250 megabyte hard drive looked like in 1979.

30 years later you can fit 250x250 megabytes on something the size of your finger nail. When the blockchain needs a data center to hold it, a data center will fit on your desktop.

we are near that limit with silicon, we can't go much farther with shrinking, 10nm is the physical limit of the material, they need something else soon enough

Buffer Overflow

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Quote from: solex on May 06, 2015, 01:44:03 AM

Quote from: Buffer Overflow on May 05, 2015, 02:21:14 PM

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that. Cheesy

Just six posts later one has popped up...

Quote from: Pecunia non olet on May 05, 2015, 10:23:48 PM

[noise]

LOL. Well spotted. Cheesy

solex

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100 satoshis -> ISO code

Quote from: Buffer Overflow on May 05, 2015, 02:21:14 PM

Let's play a game. Lets see who can spot all the Popescu sockpuppets that will inevitability pop up in this thread.
They'll turn up, oh yes, you can be sure of that. Cheesy

Just six posts later one has popped up...

Quote from: Pecunia non olet on May 05, 2015, 10:23:48 PM

[noise]

Mikestang

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Quote from: johnyj on May 05, 2015, 07:56:00 PM

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Yup, and this is what a 250 megabyte hard drive looked like in 1979.

30 years later you can fit 250x250 megabytes on something the size of your finger nail. When the blockchain needs a data center to hold it, a data center will fit on your desktop.

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: Pecunia non olet on May 05, 2015, 10:23:48 PM

So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

There s no other option then to reduce the size of the blockchain. BTW, when was the last time BTC chain forked or had any real issue? There are not kids playing in the sand.

gustav

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https://twitter.com/petertoddbtc/status/595692609999347712

kelsey

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Quote from: tokeweed on May 05, 2015, 10:04:05 PM

Quote from: kelsey on May 04, 2015, 10:48:13 PM

one small step for future upscaling one Giant Leap towards complete centralisation Lips sealed

Yeah... I don't know if some people are trolling, blind or clueless.

i think most rather dig their head in the sand where bitcoin is heading and how few control the code. and the interests of those few Lips sealed

R2D221

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Quote from: Pecunia non olet on May 05, 2015, 10:23:48 PM

So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

You don't want them? You can give them to me.

Pecunia non olet

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So we have a little less than one year to sell our Bitcoin before it becomes a clusterfuck. Ok, thanks for the info.

tokeweed

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Life, Love and Laughter...

Quote from: kelsey on May 04, 2015, 10:48:13 PM

one small step for future upscaling one Giant Leap towards complete centralisation Lips sealed

Yeah... I don't know if some people are trolling, blind or clueless.

kelsey

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Quote from: ?? on ??

Quote from: kelsey on May 04, 2015, 10:48:13 PM

one small step for future upscaling one Giant Leap towards complete centralisation Lips sealed

How is it a "Giant Leap" to complete centralization? The blocks won't instantly become 20mb and by the time they are it won't be a big difference that storage size will be larger than it is today. We are talking a full Terabyte a year at every block being 20mb, this would have to be one hell of a busy network and at the standard. For 5 years of block chain it would only cost 120$ http://www.newegg.com/Product/Product.aspx?Item=9SIA5AD2RS3903, if you don't think in 5 years the price of 5tb will be A LOT cheaper just look at my previous post and again this would have to be at full block capacity which it won't be for quite some time. The idea of nodes being centralized is only theory and it doesn't hold much water.

its not the increase in blocksize i was refering to but the way Gavin and co (particularly Mike) go about getting such done.

johnyj

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Beyond Imagination

Some day in the future, you will need a data center to hold the whole blockchain, but that's still manageable, since by then each bitcoiner will own a data center Grin

Topic: Bigger blocks coming in release 0.11 (Read 4767 times)