ho is going to host a 100TB blockchain ???

var53

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Quote from: cpfreeplz on October 01, 2016, 04:20:00 PM

"SanDisk has recently announced that they have started shipping their 1GB Secure Digital (SD) flash card. Although it has slipped its expected date, it is still the first production 1GB card. Jointly developed with Sharp, it contains a unique “stackable” packaging technology which has both a low-cost and high-yield so that it can be competitively-priced. It is available immediately with a suggested retail price of $499.99"

This is from 2004. So 12 years ago. $500/gb. Do you know what $500 buys now? http://www.newegg.ca/Product/Product.aspx?Item=N82E16820233766&cm_re=512gb_flash_drive-_-20-233-766-_-Product

2 512GB usb sticks. That's 1/1000th of the price in 12 years!

Now think... in 10 years do you really think 100TB will cost much more than $100? And will the blockchain even be that big??

I remember buying 256 MB pen drives a decade ago, now I'm buying 32 GB pen drives for the same price, and they run at faster speeds than the old ones. In another ten years I'll be buying 3 TB pen drives for the same price, and there will be 30 TB pen drives available that I refuse to pay for until their price drops.

DannyHamilton

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Quote from: jbreher on October 01, 2016, 06:51:15 PM

Especially seeing as you are only off by a pessimistic decade:

http://www.newegg.com/Product/Product.aspx?Item=N82E16822145972

4TB. Under $200. Today.

With a bit of patience, I've seen external hard drives as cheap as $25 per TB (so that's $200 for an 8TB drive).

That puts the cost of storing the entire 84.5 GB blockchain today at about $0.265.

It's really getting pretty silly when people claim that the blockchain is going to get to big for anybody to be able to afford to store.

With growth of 1 MB per block, the incremental cost if hard drives never get any cheaper will be about $0.1643 per year.
That means in the year 2140 (when the last satoshi has been mined) the total cost to store the entire blockchain will be about $20.65.
If people are still using bitcoin at the turn of the millennium (the year 3000), AND if hard drives never get any cheaper, the cost to store the entire blockchain in the year 3000 will be about $162

It gets a bit more expensive (if hard drives never get any cheaper) if blocks are allowed to grow to 10 MB per block.
In that case, the incremental cost will be about $1.643 per year. By the time the last satoshi is mined (when we are all long dead and gone) in the year 2140, people will need to spend $200 on an entire 8TB hard drive to store the full blockchain.

jbreher

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Quote from: Yakamoto on September 29, 2016, 06:48:06 PM

we'll easily see 3-5TB hard drives being $200 at most in 10 years.

Literally not even an argument.

Especially seeing as you are only off by a pessimistic decade:

http://www.newegg.com/Product/Product.aspx?Item=N82E16822145972

4TB. Under $200. Today.

10TB is shipping in volume, and next generation will be 14TB. Welcome to essentially free blockchain storage.

You're welcome.

cpfreeplz

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"SanDisk has recently announced that they have started shipping their 1GB Secure Digital (SD) flash card. Although it has slipped its expected date, it is still the first production 1GB card. Jointly developed with Sharp, it contains a unique “stackable” packaging technology which has both a low-cost and high-yield so that it can be competitively-priced. It is available immediately with a suggested retail price of $499.99"

This is from 2004. So 12 years ago. $500/gb. Do you know what $500 buys now? http://www.newegg.ca/Product/Product.aspx?Item=N82E16820233766&cm_re=512gb_flash_drive-_-20-233-766-_-Product

2 512GB usb sticks. That's 1/1000th of the price in 12 years!

Now think... in 10 years do you really think 100TB will cost much more than $100? And will the blockchain even be that big??

NeuroticFish

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Quote from: n691309 on September 30, 2016, 03:41:44 AM

By the time the storage will be cheaper, imagine when 2mb of HDD was thousands of dollars last century so the storage will be cheaper but if not individuals then the servers will host 100TB

I remember how happy I was ~19 years ago when I bought myself a very good and big HDD. It had 1.2 GB!
It was my little treasure.

Now I have a couple of TB here and there and I don't even care much of them.
And OP is crying about 100TB in 10 years from now? When technology evolves exponentially?

n691309

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Quote from: bitcoinfallacy on September 29, 2016, 06:34:56 PM

lets get real for a second... in 10 years the blocksize is going to be SOoooooo huge no simple joe will be able to host a node not without a dedicated EXPensive piece of equipment and a teranet to constantly update then...

the hosting will become centralized just like mining farms that will allow government to pick and pick and pick at these locations and shut them DOUN eventually.... virtual storage with expoential growth rill soon impact the physical worlds of men

By the time the storage will be cheaper, imagine when 2mb of HDD was thousands of dollars last century so the storage will be cheaper but if not individuals then the servers will host 100TB

mobnepal

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Quote from: Carlsen on September 30, 2016, 01:35:37 AM

I can imagine that in 10 years a 100 TB hard disk will not be that expensive anymore.
The problem will be the time you need to download it.
When I compare the speed of my internet from now compared to what it was 5 years ago, it has not changed.
So downloading such a high amount of data will in 10 years still be a problem. Especially if it is p2p.

I think speed of internet is also constantly getting increased and being cheaper. Even in developing counties like Nepal here i am using almost 3mbps internet for just 20$ per month which is basically 5 times cheaper than what it used to cost for same speed few year ago. Both price for storage device as well as internet cost is dropping in worldwide scenario so i think size and time to download full bitcoin blockchain will be not a big problem in future too.

Kakmakr

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By that time, many big companies will have invested in Bitcoin all over the world. They currently invest 1000's of dollars in PoS systems to operate, so why would they not invest in a single server with a big hard drive to support the Bitcoin network?

The Blockchain < Pruned version > is much smaller, if you have capacity issues, and second hand hard drives are damn
cheap. ^smile^

Carlsen

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I can imagine that in 10 years a 100 TB hard disk will not be that expensive anymore.
The problem will be the time you need to download it.
When I compare the speed of my internet from now compared to what it was 5 years ago, it has not changed.
So downloading such a high amount of data will in 10 years still be a problem. Especially if it is p2p.

Yakamoto

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Quote from: European Central Bank on September 29, 2016, 07:16:57 PM

Quote from: Yakamoto on September 29, 2016, 06:48:06 PM

It's not hitting 100TB in 10 years, at most it might be bordering 80-90 Gigabytes. Maybe in something like 100 years it would hit a terabyte.

it's that size right now.

if you keep a node going all the way through you're gonna be fine. it's the newcomers who are gonna start sweating at a download of that magnitude. bitcoin needs new blood or the node count will continue going down.

True, and that's a good point. Having nodes running keeps you up-to-date and makes sure you don't fall behind in massive ways, a challenge that is going to be interesting for a ton of people in the future.

I think there will be more nodes in the future, we'll just have to wait and see whether or not more people get enthusiastic about it.

enhu

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Quote from: MaddestScientist on September 29, 2016, 06:45:13 PM

Cost of storage per TB is constantly dropping. After 10 years, 100TB storage could be just as cheap as 1TB today.
Grin

Quote from: bitcoinfallacy on September 29, 2016, 06:34:56 PM

lets get real for a second... in 10 years the blocksize is going to be SOoooooo huge no simple joe will be able to host a node not without a dedicated EXPensive piece of equipment and a teranet to constantly update then...

the hosting will become centralized just like mining farms that will allow government to pick and pick and pick at these locations and shut them DOUN eventually.... virtual storage with expoential growth rill soon impact the physical worlds of men

True. i probably can afford to buy a 100TB hosting plan from the signature campaign earnings to host linux ISO files. its going to be cheaper later and innovations are getting good that 100TB hard drives will just be the size of a SDcard

MingLee

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Quote from: MyBTT on September 29, 2016, 11:16:14 PM

Whoo 100tb blockchain. At our current rate of 1mb per block, by the time I die, the size of this blockchain will only be a couple of terrabytes. So honestly, I dunt give a f*ck.

Quote from: Gleb Gamow on September 29, 2016, 08:52:07 PM

Quote from: DannyHamilton on September 29, 2016, 07:56:07 PM

Please don't feed the trolls.

But what if it's Bruce Wagner given the OP's propensity for the overuse of ellipses?

Gleb... please.

Some people like to stir up shit and spread fud just to feel like they're doing something with their lives, however I can't figure out how they can perform such mental gymnastics to justify what they do half the time. I guess people figure out some way to do it otherwise they wouldn't.

MyBTT

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Whoo 100tb blockchain. At our current rate of 1mb per block, by the time I die, the size of this blockchain will only be a couple of terrabytes. So honestly, I dunt give a f*ck.

Quote from: Gleb Gamow on September 29, 2016, 08:52:07 PM

Quote from: DannyHamilton on September 29, 2016, 07:56:07 PM

Please don't feed the trolls.

But what if it's Bruce Wagner given the OP's propensity for the overuse of ellipses?

Gleb... please.

Gleb Gamow

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Quote from: DannyHamilton on September 29, 2016, 07:56:07 PM

Please don't feed the trolls.

But what if it's Bruce Wagner given the OP's propensity for the overuse of ellipses?

DannyHamilton

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Please don't feed the trolls.

countryfree

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Your country may be your worst enemy

Old people, I believe. Because the young certainly change their equipment more frequently, but they always download huge files and record movies, which can fill the largest disk in only a few months.
I currently own 2 computers, one with 1TB HDD, the other with a 2TB HDD, but I don't have 100 Go of free space in any of them.

European Central Bank

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Quote from: Yakamoto on September 29, 2016, 06:48:06 PM

It's not hitting 100TB in 10 years, at most it might be bordering 80-90 Gigabytes. Maybe in something like 100 years it would hit a terabyte.

it's that size right now.

if you keep a node going all the way through you're gonna be fine. it's the newcomers who are gonna start sweating at a download of that magnitude. bitcoin needs new blood or the node count will continue going down.

bitcoinfallacy

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lets think about this... dont you all see it is inevitable... the fabrication of chips and hardware is limited to the world of men will never create nano hardware and even if it woz possible the sha256 will begin to break down and crumble as easy to crack as a 3 letter password...

this cannot continue... as the world of men approach the nano stage the fallacy will be revealed...

Yakamoto

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Quote from: bitcoinfallacy on September 29, 2016, 06:34:56 PM

lets get real for a second... in 10 years the blocksize is going to be SOoooooo huge no simple joe will be able to host a node not without a dedicated EXPensive piece of equipment and a teranet to constantly update then...

the hosting will become centralized just like mining farms that will allow government to pick and pick and pick at these locations and shut them DOUN eventually.... virtual storage with expoential growth rill soon impact the physical worlds of men

>new account, literally 0 activity

eh, 2/10 b8 because I replied.

It's not hitting 100TB in 10 years, at most it might be bordering 80-90 Gigabytes. Maybe in something like 100 years it would hit a terabyte.

Also please note that data storage technology is advancing quite rapidly, and now that 1TB hard drives are commonplace, we'll easily see 3-5TB hard drives being $200 at most in 10 years. We might even get that fancy new crystallized data storage device that can hold something like 100TB in 10 years.

Literally not even an argument.

franky1

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Quote from: MaddestScientist on September 29, 2016, 06:45:13 PM

Cost of storage per TB is constantly dropping. After 10 years, 100TB storage could be just as cheap as 1TB today.
Grin

Quote from: bitcoinfallacy on September 29, 2016, 06:34:56 PM

lets get real for a second... in 10 years the blocksize is going to be SOoooooo huge no simple joe will be able to host a node not without a dedicated EXPensive piece of equipment and a teranet to constantly update then...

the hosting will become centralized just like mining farms that will allow government to pick and pick and pick at these locations and shut them DOUN eventually.... virtual storage with expoential growth rill soon impact the physical worlds of men

yep
16 years ago a 3.2GB yes GIGABYTE hard drive was a couple hundred£$
now 4TB is $150

Topic: ho is going to host a 100TB blockchain ??? (Read 968 times)