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Topic: Help the bitcoin network by being a node. - page 9. (Read 20982 times)

member
Activity: 111
Merit: 10
November 13, 2013, 12:07:52 PM
#8
isn't it like someone is creating web service that accepts bitcoin payment he have to set up this anyway? which would mean the more services accept bitcoin the more distributed network?

No a lot of services use a merchant tool setup, from like bitpay or coinbase.

or bips.me (for european merchants)
member
Activity: 111
Merit: 10
November 13, 2013, 12:06:00 PM
#7
Hi guys, as a bitcoiner (for at least 2 years now) I have really never contributed to bitcoin, besides buying some and holding.

So last week I rented a cheap cloud server and installed bitcoind, to help bitcoin network stay stable and strong, and it feels really good.

It costs only 5$ a month and has 20 HDD so the blockchain fits pretty well. Been running for a week and hasn't crashed. (running on ubuntu 12.04 x32)




Where the hell did you get 20x1gb hdd? Cheesy

haha thanks its a SSD actually
legendary
Activity: 1498
Merit: 1000
November 13, 2013, 11:25:54 AM
#6
isn't it like someone is creating web service that accepts bitcoin payment he have to set up this anyway? which would mean the more services accept bitcoin the more distributed network?

No a lot of services use a merchant tool setup, from like bitpay or coinbase.
sr. member
Activity: 291
Merit: 250
November 13, 2013, 11:23:22 AM
#5
Any help to install in a Raspberry Pi with Arch Linux?
I would be interested as well.
hero member
Activity: 826
Merit: 501
in defi we trust
November 13, 2013, 11:17:01 AM
#4
Hi guys, as a bitcoiner (for at least 2 years now) I have really never contributed to bitcoin, besides buying some and holding.

So last week I rented a cheap cloud server and installed bitcoind, to help bitcoin network stay stable and strong, and it feels really good.

It costs only 5$ a month and has 20 HDD so the blockchain fits pretty well. Been running for a week and hasn't crashed. (running on ubuntu 12.04 x32)




Where the hell did you get 20x1gb hdd? Cheesy
hero member
Activity: 714
Merit: 500
Are ฿itcoins Radioactive?
November 13, 2013, 10:23:37 AM
#3
Any help to install in a Raspberry Pi with Arch Linux?
hero member
Activity: 546
Merit: 501
November 13, 2013, 08:44:23 AM
#2
isn't it like someone is creating web service that accepts bitcoin payment he have to set up this anyway? which would mean the more services accept bitcoin the more distributed network?
member
Activity: 111
Merit: 10
November 13, 2013, 08:21:07 AM
#1
Hi guys, as a bitcoiner (for at least 2 years now) I have really never contributed to bitcoin, besides buying some and holding.

So last week I rented a cheap cloud server and installed bitcoind, to help bitcoin network stay stable and strong, and it feels really good.

It costs only 5$ a month and has 20gb SSD (faster than HDD) so the blockchain fits pretty well. Been running for a week and hasn't crashed. (running on ubuntu 12.04 x32)


(located in amsterdam)


(bandwidth going out peaks)


(cpu in the last 24h)

Tutorial on how to install bitcoind ubuntu 12.04:

Code:
//installing bitcoind on ubuntu 12.04, run this commands on putty

sudo aptitude install python-software-properties

sudo add-apt-repository ppa:bitcoin/bitcoin

sudo aptitude update

sudo aptitude install bitcoind

mkdir ~/.bitcoin/

Next STEP: Configure Bitcoind

Edit an empty ~/.bitcoin/bitcoin.conf file in the .bitcoin folder:
nano ~/.bitcoin/bitcoin.conf

Insert the following code in it:
server=1
daemon=1
rpcuser=INVENT_A_UNIQUE_USERNAME
rpcpassword=INVENT_A_UNIQUE_PASSWORD

press Ctrl+O to save and Ctrl+X (to exit I think)

Then, to start bitcoind write:

bitcoind

It will output “Bitcoin server starting”

The blockchain now will begin to download, to view the status of the download write:

bitcoind getinfo


For ubuntu 13.10

Code:

//installing bitcoind on Ubuntu 13.10, run this commands on putty

mkdir ~/.bitcoin/
sudo aptitude update
sudo aptitude upgrade
sudo apt-get update
sudo apt-get upgrade
sudo add-apt-repository ppa:bitcoin/bitcoin
sudo aptitude install bitcoind


Next STEP: Configure Bitcoind

Edit an empty ~/.bitcoin/bitcoin.conf file in the .bitcoin folder:
nano ~/.bitcoin/bitcoin.conf

Insert the following code in it:
server=1
daemon=1
rpcuser=INVENT_A_UNIQUE_USERNAME
rpcpassword=INVENT_A_UNIQUE_PASSWORD

press Ctrl+O to save and Ctrl+E (to exit I think)

Then, to start bitcoind write:

bitcoind

It will output "Bitcoin server starting"

The blockchain now will begin to download, to view the status of the download write:

bitcoind getinfo


More commands here

+++++++++++++++++++

It costs only 5 bucks and you are helping the network grow stronger.

website: https://www.digitalocean.com



Verifying transactions absolutely DOES help the network even if you are not mining. Here's a recap of why we need nodes:

To operate, P2P wallets need to connect to P2P nodes.

Then they need to download the block chain, possibly a filtered version of it. And they need to hear about any transactions that didn't confirm yet, but which are valid and sitting in the memory pool. This is vital so someone can send you money, and you can open your wallet and see it immediately.

Storing the block chain, serving/filtering the chain, verifying and relaying transactions, all this takes resources.

When you run a node, you take some of that load onto your own shoulders. The work gets spread out, so as the number of users goes up, we need to keep adding nodes to ensure it stays relatively cheap and easy to do so.

The most important things when running a node are

1) ensuring that you are allowing inbound connections. If you run a node at home or behind a firewall, it's vital you ensure it's set up right so other nodes and wallets can connect to yours.

2) staying up to date with the latest software

Thanks to everyone who is running a node, upgrading it and accepting inbound connections! You are contributing to Bitcoin in a very direct and helpful manner.




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