Do run a Bitcoin Core FULL NODE Now! - page 8.

Salmen

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Quote from: J. Cooper on October 29, 2017, 03:22:50 PM

Quote from: Bastime on October 29, 2017, 01:41:36 PM

This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node.
I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.

A BitSeed core has enough space (> 1 TB) for the Bitcoin Blockchain and it is small and portable like a Raspberry Pi. The energy consumption is about 10 watt while a laptop consumes 90 Watt, in this way you save cost for the energy. Building a Node on Raspberry Pi is the same as a Bitseed and the costs may be the same.

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Quote from: Bastime on October 29, 2017, 01:41:36 PM

This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

Sometimes it is not about YOU, but about the good you are doing for everyone else. People run FULL nodes to support decentralization of the network. The more FULL nodes we have running globally, the more decentralized the network will be. If some governments or hackers wants to shut Bitcoin down, they will be faced with 1000s of FULL nodes popping up all over the place.

Do something good for the Bitcoin network, by running a FULL node to protect Bitcoin for everyone that is involved. ^smile^

You will also protect your own investment. < If it gets taken down, you will also not be able to use it >

Bestcoin-fan

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Quote from: J. Cooper on October 29, 2017, 03:22:50 PM

I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.

J. Cooper, great excellent idea, I think!

I'd myself buy one! But maybe some later in future, as my laptop fully satisfies me for now

miguelmorales85

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Quote from: J. Cooper on October 29, 2017, 03:22:50 PM

Quote from: Bastime on October 29, 2017, 01:41:36 PM

This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node.
I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.

If I were you I would just buy a Raspberry Pi and configure a Raspnode. In fact, this is what I am doing right now, I also have a Bitcoin Core node on a Pine64.

http://raspnode.com/diyBitcoin.html
good luck

J. Cooper

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Quote from: Bastime on October 29, 2017, 01:41:36 PM

This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

As bitcoin fan pointed out, there's no monetary reward for running a full node. But you do get the chance to not only contribute the system by verifying transactions and you also get the best security if you link your wallet to your node.
I have a question for you bitcoin fan. Do you think buying a bitseed core would be a good purchase? It's online 24/7 by itself and it would save me a lot of hassle keeping a laptop running 24/7.

Bestcoin-fan

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Quote from: Bastime on October 29, 2017, 01:41:36 PM

This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

Supporting the TRUE Bitcoin network, its most reliable, really competent developers team and its main and most important application Bitcoin Core wallet.

Supporting them, along with realizing the extreme importance of 'the more, the better' number of full Bitcoin nodes for implementing the true decentralized, free, REAL money world service (especially taking into account the 2x threat) - these are exclusively serious, necessary and sufficient reasons to as soon as possible start your own Bitcoin Core 0.15 full node.

Now for the 'cost'.

I wrote this (when people worried about their costs, benefits, etc. in running full nodes) :

Quote

In my opinion, the biggest monetization is the maintenance of the TRUE Bitcoin blockchain itself, the prospect and the gradual growth of Bitcoin's exchange rate is going to fully compensate you all of your costs.

Personally, my bitcoin core full node costs me almost nothing: the node is launched on my laptop that I set up to be always online (banned hibernation, sleep, automatic restarts after updates, all done through group policies).

It consumes very little energy, my home Internet channel is unlimited.

I disabled torrents, etc., to provide the entire upload bandwidth exclusively to my Bitcoin Core 0.15.0.1 uploads.

And this:

Quote

The TRUE Bitcoin is the only REAL, TRUE money!
And if you control your private keys it IS indeed your only REAL money!!
And your real FREEDOM in this (to a very large extent) material would!

So I'm absolutely sure that running Bitcoin Core Full node, donating those 200 Gb free hdd space and some other tiny hardware donations - all that is just nothing compared to the Bitcoin's true value and prospects!!

Bastime

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This is actually new to me about running full node on a computer just to support the Bitcoin community. For what? What are the benefits of running 24/7 that costs power but what in return? I guess big mining companies are doing the same way since they have top of the line hardware.
I wish one day I could get my hands on the work to experience this Bitcoin core personally.

Bestcoin-fan

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J. Cooper, good, very wise decision, start your full node as soon as you can!

J. Cooper

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Even though there's no monetary reward for running a full bitcoin node, I still feel like I want to run one myself at some point. Right now now I have one main machine for all my needs but as soon as I get a new one I will dedicate at least one to cryptocurrency. And I will be running a full node on that machine. I hope more and more people start doing this as well even though there's no monetary reward.

Bestcoin-fan

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Quote from: ranochigo on October 28, 2017, 10:09:28 AM

Hmm, weird. Given that it was the earlier blocks, synchronization should have been pretty fast. If the synchronzation did become faster after you switch, it would mean that the node's speed wasn't the main bottleneck. What are your system's specs?

Wierd, of course! Very good that you've noticed! I've been so much busy writing in many threads at this forum simultaneously these days, that I made an annoying, stupid mistake! I tried the flash drive when the already downloaded blockchain had not exceeded (but was already close to) 128Gb - that is really the size of my largest, fast (at that moment free) USB flash drive (it is ADATA UE700 128Gb).

ranochigo

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Quote from: Bestcoin-fan on October 28, 2017, 02:16:06 AM

No, no, my internet has been neither throttled, nor slow.

The only potentially possible bottleneck related to my computer could have been hard disk read/write operations (as it was a usual 7200 rpm hdd, not an SSD). But! At a moment (when the downloaded blockchain data had not exceeded 32Gb) I tried to move the data directories to a fast USB 3.0 flash card (exactly to find what was the bottleneck).
The syncing did become a little bit faster indeed. But Not significantly!

Hmm, weird. Given that it was the earlier blocks, synchronization should have been pretty fast. If the synchronzation did become faster after you switch, it would mean that the node's speed wasn't the main bottleneck. What are your system's specs?

A solution that I use is to increase the dbcache. If you increase the dbcache, the synchronization would be exponentially faster. You do need a good amount of ram though.

Bestcoin-fan

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ScripterRon, definitely, in my case CPU has never been the case: peak cpu loads % never exceeded about 10-12%, the average load was usually significantly slower at all

ScripterRon

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Quote from: Bestcoin-fan on October 28, 2017, 02:16:06 AM

Quote from: ranochigo on October 28, 2017, 01:43:18 AM

There is also another potential factor that you ignored. If your internet connection is somehow throttled, it would definitely be much slower. In addition, if your internet is slow, that can be a bottleneck. Bitcoin Core is also heavily reliant on the disk speed. If your read/write speeds are slow, it would also be a bottleneck.

No, no, my internet has been neither throttled, nor slow.

The only potentially possible bottleneck related to my computer could have been hard disk read/write operations (as it was a usual 7200 rpm hdd, not an SSD). But! At a moment (when the downloaded blockchain data had not exceeded 32Gb) I tried to move the data directories to a fast USB 3.0 flash card (exactly to find what was the bottleneck).
The syncing did become a little bit faster indeed. But Not significantly!

I run Bitcoin Core on a VPS with high-speed internet and SSD disks. The bottleneck during initial block download for me is definitely CPU (100% CPU utilization). I've noticed the same thing on my desktop system. So it really depends on your hardware and your internet connection.

Bestcoin-fan

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Quote from: Jet Cash on October 28, 2017, 04:06:32 AM

How will running a Bitcoin cash node (for example) on a second machine whilst I cellect some free money affect Bitcoin? If I keep my core node running on my primary machine, then it seems to be to the advantage of Bitcoin, as it will just increase the value of Bitcoin. A much bigger threat would be for me to sell my Bitcoin and save the money in a fiat bank account. This is something that a lot of Bitcoin Talk members seem to do.

I'd like not to argue on 2x here any more, I'll just say there's a big difference between the cash fork and 2x fork:

the cash fork was honestly openly implemented as an altcoin with a reliable replay protection, whilst there's a crude, blatant attempt to force their own (unnecessary after the Segwit activation!) 2Mb blocks hard fork without implementing any replay protection at all!

I fully agree with you in your other statement that escaping into fiats seems to be not very wise (and pretty cowardly)

Jet Cash

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How will running a Bitcoin cash node (for example) on a second machine whilst I cellect some free money affect Bitcoin? If I keep my core node running on my primary machine, then it seems to be to the advantage of Bitcoin, as it will just increase the value of Bitcoin. A much bigger threat would be for me to sell my Bitcoin and save the money in a fiat bank account. This is something that a lot of Bitcoin Talk members seem to do.

Bestcoin-fan

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Quote from: Jet Cash on October 28, 2017, 03:19:37 AM

Quote from: miguelmorales85 on October 28, 2017, 03:11:13 AM

I dont think you could get alts if you start a node from a fork. I think you better stay with the bitcoin core node and support the network.

I see Bitcoin as a store of wealth, and I support core. However, I'm not averse to increasing my savings by collecting a few free coins, and converting them in the true Bitcoin.

OK, but remember the 2x attack on the true Bitcoin is too serious a danger to be 'collecting a few free coins' at the very time of the attack!

Therefore, in pursuit of an additional tiny profit, you are going to seriously risk losing your main true wealth on the contrary

Jet Cash

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Quote from: miguelmorales85 on October 28, 2017, 03:11:13 AM

I dont think you could get alts if you start a node from a fork. I think you better stay with the bitcoin core node and support the network.

I see Bitcoin as a store of wealth, and I support core. However, I'm not averse to increasing my savings by collecting a few free coins, and converting them in the true Bitcoin.

miguelmorales85

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Quote from: Jet Cash on October 28, 2017, 02:59:05 AM

I've been running a full node over public WiFi since I joined Bitcoin Talk, and I've had very few problems apart from the initial download of the blockchain. In fact, that was taking so long that I used a cable connection to complete the synchronisation. I'm running the node on a Windows 10 notebook, and Idecided to run a second node on a small netbook. I bought an SSD, and copied the blockchain onto that ( I used the notebook as source of course). Ubuntu picked that up without any trouble. I ran the two nodes for a couple of months with no difficulty. but Idecided that the Linux node was a bit of an abuse of the hospitality provided by my WiFi donors, so I deleted the blockchain on the SSD. I can't accept inbound connections, but the full and unpruned node seems to be stable and up to date without this.

I'm still considering how to handle the recent forks, and I may start a forked node on the netbook to pick up a few altcoins to convert into Bitcoin.

I also download the blockchain in my best CPU and then copy the data to my other devices where I have nodes (rPi, Pine64, etc)
It works like a charm.

I dont think you could get alts if you start a node from a fork. I think you better stay with the bitcoin core node and support the network.

Jet Cash

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I've been running a full node over public WiFi since I joined Bitcoin Talk, and I've had very few problems apart from the initial download of the blockchain. In fact, that was taking so long that I used a cable connection to complete the synchronisation. I'm running the node on a Windows 10 notebook, and Idecided to run a second node on a small netbook. I bought an SSD, and copied the blockchain onto that ( I used the notebook as source of course). Ubuntu picked that up without any trouble. I ran the two nodes for a couple of months with no difficulty. but Idecided that the Linux node was a bit of an abuse of the hospitality provided by my WiFi donors, so I deleted the blockchain on the SSD. I can't accept inbound connections, but the full and unpruned node seems to be stable and up to date without this.

I'm still considering how to handle the recent forks, and I may start a forked node on the netbook to pick up a few altcoins to convert into Bitcoin.

Bestcoin-fan

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Quote from: ranochigo on October 28, 2017, 01:43:18 AM

There is also another potential factor that you ignored. If your internet connection is somehow throttled, it would definitely be much slower. In addition, if your internet is slow, that can be a bottleneck. Bitcoin Core is also heavily reliant on the disk speed. If your read/write speeds are slow, it would also be a bottleneck.

No, no, my internet has been neither throttled, nor slow.

The only potentially possible bottleneck related to my computer could have been hard disk read/write operations (as it was a usual 7200 rpm hdd, not an SSD). But! At a moment (when the downloaded blockchain data had not exceeded 32Gb) I tried to move the data directories to a fast USB 3.0 flash card (exactly to find what was the bottleneck).
The syncing did become a little bit faster indeed. But Not significantly!

Topic: Do run a Bitcoin Core FULL NODE Now! - page 8. (Read 8539 times)