Memory is cheap - - page 5. | Bitcointalksearch.org

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: jeanne0012 on May 10, 2016, 01:20:29 AM

Quote from: Za1n on May 10, 2016, 01:12:57 AM

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

Yes, that is exactly what Chines miners are worring about. The increasing block size may impact their mining facility and the rate of mining reward.

So China has it's great firewall with very limited bandwith, but they also have the cheapest (and dirtiest!) electricity. The cheap electricity made them the main miners, pushing all competition off the market, and since they all share the same interests, they have the power to keep blocks small.
I see a chicken-egg problem, which limits the growth of Bitcoin.

CoinsRoyal

sr. member

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Memory is pretty cheap these days you can get loads of memory for a god price. Technology is getting better and you know have more memory on a smaller platform so it is only normal for memory to get cheaper.

Amph

legendary

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Quote from: TKeenan on May 10, 2016, 01:23:07 AM

Quote from: Za1n on May 10, 2016, 01:12:57 AM

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol. You only have to download the chain one time - forever.

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes? Clearly you failed your math A levels.

not to mention those same people are willing to download easily from any torrent 60 gb of games, without thinking, so there is must something wrong in their brain function i believe....

unamis76

legendary

Activity: 1512

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Quote from: TKeenan on May 10, 2016, 01:23:07 AM

Quote from: Za1n on May 10, 2016, 01:12:57 AM

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol. You only have to download the chain one time - forever.

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes?

This is true. However many people have high pings and difficulty getting a few kb through censorship walls. Bandwidth is an issue for some. But is it an issue for 2mb blocks? That I guess we don't know, unless there are chinese miners around

Cyaren

sr. member

Activity: 294

Merit: 250

Quote from: lottery248 on May 10, 2016, 01:47:13 AM

lol of course, because of the moore's law. and we have less silicon needed to produce the same amount of memory.
moreover this is based on HDD but not yet recording what SSD just did.

Yeah, most of the time the processing power + storage are actually increasing by more than Moore's law. I

t's going to get cheaper with the years coming.

lottery248

legendary

Activity: 1582

Merit: 1006

beware of your keys.

lol of course, because of the moore's law. and we have less silicon needed to produce the same amount of memory.
moreover this is based on HDD but not yet recording what SSD just did.

Holliday

legendary

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OP, how much bandwidth has your full node used in the last month? What's your uptime like? How many connections do you normally have?

TKeenan

hero member

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Quote from: Za1n on May 10, 2016, 01:12:57 AM

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

lol. You only have to download the chain one time - forever.

People sit in their living room all over the planet streaming movies every night and you worry about 2MB every ten minutes? Clearly you failed your math A levels.

jeanne0012

newbie

Activity: 29

Merit: 0

Quote from: Za1n on May 10, 2016, 01:12:57 AM

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

Yes, that is exactly what Chines miners are worring about. The increasing block size may impact their mining facility and the rate of mining reward.

Za1n

legendary

Activity: 1078

Merit: 1011

I think the larger problem is network bandwidth rather than hard device capacity. Even with high speed Internet connection (> 20 Mbit/sec) it can take a couple of days to download the block chain from scratch.

TKeenan

hero member

Activity: 874

Merit: 1000

Somehow we worry about going to 2MB/block for fear of 'bloat', yet this is how much memory costs:

Today, you can buy enough memory for the entire blockchain for a few dollars.

Topic: Memory is cheap - - page 5. (Read 2983 times)