I've read somewhere in 4 years the blockchain will be 700GB - page 3.

TransaDox

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Quote from: achow101 on November 01, 2016, 12:50:57 PM

20 years ago the average person didn't need more than 100 GB of storage. File sizes have been getting progressively larger. Just because something is that way now doesn't mean it won't change in the future.

Sigh!

Yet still the full nodes keep diminishing.

manselr

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Quote from: achow101 on November 01, 2016, 12:50:57 PM

Quote from: MadGamer on November 01, 2016, 12:46:36 PM

Isn't SegWit supposed to make things smaller instead of bigger ? at least his is what I got from this infographic https://www.reddit.com/r/btc/comments/43sjfz/the_bitcoin_core_roadmap_explained_i_made_an/

No. Segwit will make things bigger, like a block size increase. Something has to get bigger in order to allow more transactions.

Quote from: manselr on November 01, 2016, 12:47:10 PM

Yeah I made a mistake, I meant to say blockchain. I post when I take a break from my job and my head is thinking about a lot of things at the same time.

But even if the price of HDs keep going lower, what happens if someday the blockchain is growing fast enough to be bigger than the average HD? I don't see average HD size getting higher than 1TB in the near future (I mean the average person doesn't need more than 1TB..)

That is an invalid argument. 20 years ago the average person didn't need more than 100 GB of storage. File sizes have been getting progressively larger. Just because something is that way now doesn't mean it won't change in the future.

Yeah but I mean in 4 years.

I don't see anyone I know needing more than 1 TB in 4 years, yet, if they wanted to run a bitcoin node, they would run out of space with their regular 1 TB HD which is more than enough for most people. People no longer store movies etc, since connections are so good that you can stream them in HD. So most HD space goes for games, and 1 TB is more than enough. The average computer user will not need more than 1 TB in 4 years at all.

achow101

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Quote from: MadGamer on November 01, 2016, 12:46:36 PM

Isn't SegWit supposed to make things smaller instead of bigger ? at least his is what I got from this infographic https://www.reddit.com/r/btc/comments/43sjfz/the_bitcoin_core_roadmap_explained_i_made_an/

No. Segwit will make things bigger, like a block size increase. Something has to get bigger in order to allow more transactions.

Quote from: manselr on November 01, 2016, 12:47:10 PM

Yeah I made a mistake, I meant to say blockchain. I post when I take a break from my job and my head is thinking about a lot of things at the same time.

But even if the price of HDs keep going lower, what happens if someday the blockchain is growing fast enough to be bigger than the average HD? I don't see average HD size getting higher than 1TB in the near future (I mean the average person doesn't need more than 1TB..)

That is an invalid argument. 20 years ago the average person didn't need more than 100 GB of storage. File sizes have been getting progressively larger. Just because something is that way now doesn't mean it won't change in the future.

manselr

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Quote from: achow101 on November 01, 2016, 12:07:30 PM

The block size? The block size is most definitely not going to by 700 Gb. That's way to large. You're probably thinking of the blockchain size. The blockchain currently grows at a rate of 144 MB per day. With Segwit, it can grow at a maximum of 576 MB per day. You can then extrapolate that to the maximum size the blockchain at any point in time.

Quote from: manselr on November 01, 2016, 11:58:16 AM

What happens once the size goes beyond 1TB, or beyond the biggest HD? what happens when you can't fit the blocksize in a regular HDs? Can you run 3/4 of the blockchain then the remaining 1/4 part in another HD?

Hard drive capacity will continue to increase, and it will most certainly outpace the growth of the blockchain. Disk space gets cheaper by the day. The concern should really be on bandwidth, CPU, and RAM bottlenecs. It takes a lot of bandwidth to download the entire blockchain and a lot of CPU and memory to process all of that data.

Yeah I made a mistake, I meant to say blockchain. I post when I take a break from my job and my head is thinking about a lot of things at the same time.

But even if the price of HDs keep going lower, what happens if someday the blockchain is growing fast enough to be bigger than the average HD? I don't see average HD size getting higher than 1TB in the near future (I mean the average person doesn't need more than 1TB..)

MadGamer

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Quote from: achow101 on November 01, 2016, 12:07:30 PM

The block size? The block size is most definitely not going to by 700 Gb. That's way to large. You're probably thinking of the blockchain size. The blockchain currently grows at a rate of 144 MB per day. With Segwit, it can grow at a maximum of 576 MB per day. You can then extrapolate that to the maximum size the blockchain at any point in time.

Quote from: manselr on November 01, 2016, 11:58:16 AM

What happens once the size goes beyond 1TB, or beyond the biggest HD? what happens when you can't fit the blocksize in a regular HDs? Can you run 3/4 of the blockchain then the remaining 1/4 part in another HD?

Hard drive capacity will continue to increase, and it will most certainly outpace the growth of the blockchain. Disk space gets cheaper by the day. The concern should really be on bandwidth, CPU, and RAM bottlenecs. It takes a lot of bandwidth to download the entire blockchain and a lot of CPU and memory to process all of that data.

Isn't SegWit supposed to make things smaller instead of bigger ? at least his is what I got from this infographic https://www.reddit.com/r/btc/comments/43sjfz/the_bitcoin_core_roadmap_explained_i_made_an/

"Does it decrease the amount of information needed to secure the blockchain and therebefore make syncing with the blockchain faster you ask ? Why yes , yes It does"

TransaDox

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Quote from: achow101 on November 01, 2016, 12:07:30 PM

Hard drive capacity will continue to increase, and it will most certainly outpace the growth of the blockchain. Disk space gets cheaper by the day.

You've been excellent at answering many questions on many threads then you come out with this tired trope. Please don't disseminate this rubbish. It's not, and has never been, a solution. It is the bitcoin equivalent of "Have faith that God shall provide".

achow101

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Just writing some code

The block size? The block size is most definitely not going to by 700 Gb. That's way to large. You're probably thinking of the blockchain size. The blockchain currently grows at a rate of 144 MB per day. With Segwit, it can grow at a maximum of 576 MB per day. You can then extrapolate that to the maximum size the blockchain at any point in time.

Quote from: manselr on November 01, 2016, 11:58:16 AM

What happens once the size goes beyond 1TB, or beyond the biggest HD? what happens when you can't fit the blocksize in a regular HDs? Can you run 3/4 of the blockchain then the remaining 1/4 part in another HD?

Hard drive capacity will continue to increase, and it will most certainly outpace the growth of the blockchain. Disk space gets cheaper by the day. The concern should really be on bandwidth, CPU, and RAM bottlenecs. It takes a lot of bandwidth to download the entire blockchain and a lot of CPU and memory to process all of that data.

manselr

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I remember reading this here the other day I think, and it was at a 1MB blocksize rate.... I would guess that in 4 years maybe the blockchain has been increased, at least doubled.

Anyway, let's imagine it doesnt, and we stay at 1MB.... what do you think the price for 700GB will be in 4 years? If things don't change much, it means running a node will take almost an entire HD (let's say the usual HD size is 1TB).

What happens once the size goes beyond 1TB, or beyond the biggest HD? what happens when you can't fit the blocksize in a regular HDs? Can you run 3/4 of the blockchain then the remaining 1/4 part in another HD?

Topic: I've read somewhere in 4 years the blockchain will be 700GB - page 3. (Read 4986 times)