I can't even run Bitcoin Core on my desktop anymore due to the speed of my Internet connection. I have my wallet hosted on a VPS.
Just use something like like MultiBit or Electrum (I'am personally using Electrum) and I think it's the best (y)
Topic: Block chain size/storage and slow downloads for new users - page 12. (Read 228658 times)
Just use something like like MultiBit or Electrum (I'am personally using Electrum) and I think it's the best (y)
For the past few days I have been having a little bit of a problem with the synchronization of my Multibit wallet...I usually open it once a week to try and synch it to the new block chains..can someone help me with the issue please?
I had this same problem. I do not know what happened, and multbit wallet synchronized and I removed all my bitcoin for another wallet
I can't even run Bitcoin Core on my desktop anymore due to the speed of my Internet connection. I have my wallet hosted on a VPS.
For the past few days I have been having a little bit of a problem with the synchronization of my Multibit wallet...I usually open it once a week to try and synch it to the new block chains..can someone help me with the issue please?
Excellent thread, thanks to the OP.
Two things I got from this thread:
1) Multibit, an excellent SPV client wallet (and I have it), is not as anonymous as Armory, since every send bitcoin transaction that comes from it must have come from your Internet Address and nobody elses. I did not know that.
2) The Powers That Be in Bitcoin, and that includes their chief scientist G.A, intend as of last year (and things may have changed since then, though I doubt it) to eventually 'sell out' Bitcoin to the financial authorities, correctly perhaps surmising that for Bitcoin to grow it must become like any other non-anonymous currency, and be subject to identification of the bitcoin users, for better or worse (see the quotes from at the OP post in the beginning). Of course the Bitcoin community can resist this for a while, by asking that Bitcoin integrate with say DarkCoin or something similar, but if DarkCoin or equivalent was outlawed by western democratic countries, then Bitcoin would have to surrender or also go extinct. The writing is on the wall, and clear, as clear to me as it was over 20 years ago when I predicted Swiss banking would become much less anonymous, as it did.
TonyT
Two things I got from this thread:
1) Multibit, an excellent SPV client wallet (and I have it), is not as anonymous as Armory, since every send bitcoin transaction that comes from it must have come from your Internet Address and nobody elses. I did not know that.
2) The Powers That Be in Bitcoin, and that includes their chief scientist G.A, intend as of last year (and things may have changed since then, though I doubt it) to eventually 'sell out' Bitcoin to the financial authorities, correctly perhaps surmising that for Bitcoin to grow it must become like any other non-anonymous currency, and be subject to identification of the bitcoin users, for better or worse (see the quotes from at the OP post in the beginning). Of course the Bitcoin community can resist this for a while, by asking that Bitcoin integrate with say DarkCoin or something similar, but if DarkCoin or equivalent was outlawed by western democratic countries, then Bitcoin would have to surrender or also go extinct. The writing is on the wall, and clear, as clear to me as it was over 20 years ago when I predicted Swiss banking would become much less anonymous, as it did.
TonyT
Oh my bad. I see it's version "10" and the last version was "9.3"
Thanks for the explanation
Thanks for the explanation
This article says the blockchain download time will be reduced dramatically with the changes mentioned:
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
The article is correct on the software version. Version numbers are not decimals, the points separate counts of major to minor releases.
0.10 is due in a "few" months. No one knows exactly when yet. When it is tested as much as is practicable
.Yes. Sync time should be dramatically improved for all new nodes which use it.
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This article says the blockchain download time will be reduced dramatically with the changes mentioned:
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
So that might mean that we eant to eait for some time more or the version they wrotr may be wrong or maybe the entire news. Lets wait till cire devs come.
~~MZ~~
This article says the blockchain download time will be reduced dramatically with the changes mentioned:
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
http://www.cryptocoinsnews.com/bitcoin-blockchain-initial-sync-time-dramatically-reduced-headers-first-sync/
Is this true? If so, when will the new Bitcoin software be released?
There must be an error in this article because it says the new version of Bitcoin software will be 0.10. Yet the current version is 0.9.3
Oh , now I understand much better . & what's the RPC Feature please ?
It is basically a command line which allows you to connect do a lot of things, for example sending balance and checking balance, check node status etc. You just need to set Username and password on the configuration file in the directory and you can implement into your script. This is useful for developers which operates a online service and needs instant withdrawals, once a user initiates it, the script can send a command and the coins will be sent instantly. Here's more details :https://en.bitcoin.it/wiki/API_reference_(JSON-RPC) 
Oh , now I understand much better . & what's the RPC Feature please ?
I'am not experienced in those stuff , but if I use Bitcoin Core (with sync) & Multibit (without) , what would be the difference exactly ? 
Bitcoin core downloads the entire blockchain and allows you to use features like BitcoinRPC but Multibit connects to their server for the blockchain and checks your balance there and don't allow RPC features. You have to trust MultiBit servers to have valid information for your wallets. Bitcoin Core does not need to have trust since it finds the longest valid chain from a couple of nodes.
I'am not experienced in those stuff , but if I use Bitcoin Core (with sync) & Multibit (without) , what would be the difference exactly ?
is there a new version?
Thank you.
Thank you.
Quote
so is capable of processing thousands of blocks per second
No.
It retrieve merkles trees of the blockchain ... it process nothing and it "must have" nodes of bitcoin core to emit and receive transactions.
Like all android wallet, too.
Starting from a few days ago, MultiBit is the default recommended desktop client on the bitcoin.org choose your wallet page. MultiBit is a what we call an "SPV wallet" so is capable of processing thousands of blocks per second, and its checkpoints are refreshed frequently enough that for brand new users, they will usually be synced with the chain in 5 seconds or less. I'll explain a bit more about how this works in a moment, as we have many newbies join us in recent months who may not be familiar with the details.
Yeah it feels as if I have been waiting for an eternity. Gets a bit too much on my nerve. Takes forever to download. Please solve the matter as soon as possible.
If I use Multibit, I assume I am not contributing to the bitcoin network by allowing others to connect to me and download new blocks from each other. Wouldn't this become an issue if the majority of the users started to use an SPV client?
Not really, merchants would still be relying on full nodes to process payment as SPV clients isn't as secure as Bitcoin core. There will also be some people willing to run them to support the Blockchain. You aren't contributing much unless you turn on your computer for 24/7 as Bitcoin need more nodes with more reliability and uptime.
Thx for your explain
So helpfull
So helpfull
Great! Thanks guys for this thread 
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