Topic: Bitcoin will increase the sales of storage devices at the end of 2015... (Read 1412 times)
June 07, 2014, 01:54:44 PM
It is difficult to predict which conpanies will benefit from a boost in a certain industry. The same factors that cause a company to boom cause another company to bust. If you wanted to benifit from the rise of internet search engines, there were two massive growth companies and a few dozen flops.
June 07, 2014, 12:18:30 AM
If we add to some list, I will keep voting, let's wait.
June 06, 2014, 08:36:47 PM
+
+
= solution for many years
June 06, 2014, 08:27:33 PM
No, there is far far more bigdata is being generated everyday, and stored somewhere.
According to wikipedia:
"as of 2012, every day 2.5 exabytes (2.5×10^18) of data were created"
I think bitcoin will be nothing compared to this, even if it becomes the currency of the new Illuminati world order.
According to wikipedia:
"as of 2012, every day 2.5 exabytes (2.5×10^18) of data were created"
I think bitcoin will be nothing compared to this, even if it becomes the currency of the new Illuminati world order.
June 06, 2014, 08:14:36 PM
If we continue this way, the title of the thread will be true 
https://blockchain.info/charts/blocks-size
18GB and counting...
https://blockchain.info/charts/blocks-size
18GB and counting...
That and also the huge list of ever increasing altcoins, all these coins require a user to download it's wallet first before start using them and if u plan to mine them or even buy them for hodling you need more disk space and also their own blockchain size will increase as they themselves get old.
June 06, 2014, 08:01:43 PM
Is there ANY downside to just using mulibit? It seems like a no brainer to avoid downloading the blockchain
Yes. There is a distinct downside to using multibit. You don't have a copy of the blockchain, and must therefore trust in the honesty and competency of others.
June 06, 2014, 05:50:54 PM
Do you guys realize that WE NEED bitcoin nodes for the proper future of the network?
June 06, 2014, 05:43:45 PM
Is there ANY downside to just using mulibit? It seems like a no brainer to avoid downloading the blockchain
June 06, 2014, 05:42:06 PM
The best will be when you have to re-download 100GB
legendary
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June 06, 2014, 05:19:25 PM
Even with 40 GB at the end of 2015, my 1TB HDD can handle it, probably another 5 years as well - probably the HDD will die sonner before I need to upgrade
Well as long as someone in this thread isn't using a 20GB Solid State Drive from a few years ago there is not really a concern of maxing out space
Otherwise I would start considering moving it somewhere else lol.
June 06, 2014, 05:17:06 PM
Even with 40 GB at the end of 2015, my 1TB HDD can handle it, probably another 5 years as well - probably the HDD will die sonner before I need to upgrade
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
June 06, 2014, 05:13:13 PM
I keep the full node on mine
18 GB yah it's starting to get big but I still like the full node as long as I don't need to redownload it
Difference between downloaded and waiting on the internet to update it.
18 GB yah it's starting to get big but I still like the full node as long as I don't need to redownload it
Difference between downloaded and waiting on the internet to update it.
June 06, 2014, 05:10:07 PM
i see, i have paid a 1To hard-drive for 40 euros ... so 20Go of blockchain, it's peanut, my lord. 
Yeah me 2.
Plenty of GB's to spare
June 06, 2014, 05:02:16 PM
Seems to be some misunderestimating in the last two posts. Armory is dependent upon bitcoind. Ergo, Armory installs are nodes.
Quote from Armory developer:
(2) Please dear god do not connect Armory to an untrusted node!. You will die a fiery death. Armory does absolutely no blockchain validation: it is designed to use that connection as its secure gateway.
https://getaddr.bitnodes.io/
June 06, 2014, 04:45:06 PM
if we reach visa's number of transactions per day (currently around 200k)
and each bitcoin transaction is about half a kilobyte
the storage growth rate per day would be 100 megabytes per day
and each bitcoin transaction is about half a kilobyte
the storage growth rate per day would be 100 megabytes per day
Visa's transaction total is way, way higher than 200,000 per day. Probably closer to 200,000,000 transactions per day.
June 06, 2014, 04:40:58 PM
Seems to be some misunderestimating in the last two posts. Armory is dependent upon bitcoind. Ergo, Armory installs are nodes.
June 06, 2014, 04:18:11 PM
There's no need to buy Terabytes of hard disks when the blockchain will reach that size, just install an alternative client like Multibit / Electrum / Armory!
this! i use armory and it's great!
And where all nodes will be? Magical Nodes?
June 06, 2014, 03:32:11 PM
There's no need to buy Terabytes of hard disks when the blockchain will reach that size, just install an alternative client like Multibit / Electrum / Armory!
this! i use armory and it's great!
June 06, 2014, 03:16:36 PM
if we reach visa's number of transactions per day (currently around 200k)
and each bitcoin transaction is about half a kilobyte
the storage growth rate per day would be 100 megabytes per day
and each bitcoin transaction is about half a kilobyte
the storage growth rate per day would be 100 megabytes per day
June 06, 2014, 02:52:27 PM
There's no need to buy Terabytes of hard disks when the blockchain will reach that size, just install an alternative client like Multibit / Electrum / Armory!
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