Time for some good news, BTC Userbase (Full Nodes) grows again.

Mushoz

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Quote from: evoorhees on October 11, 2012, 04:43:51 PM

Wow this is pretty excellent news. The reason this had been falling forever was the macro trend of users switching primarily to e-wallets, and I doubt that trend will stop. So for the standard client number to be rising -despite- this macro trend is extremely positive.

Great analysis! I'm really excited about what Bitcoin is going to bring us in the future. Private torrent trackers accepting bitcoin is also a very good sign for mainstream adoption.

deeplink

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In cryptography we trust

Quote from: Akka on October 24, 2012, 06:44:33 AM

Shameful, I must confess, I didn't know about this thread.

I found the link on the homepage of the website (third line from the top).

Akka

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Quote from: deeplink on October 24, 2012, 06:31:35 AM

Is the site still functional?

The thread about the site has not been updated recently. However its creator nibor is still active on the forum.

It has worked until a view days ago.

Shameful, I must confess, I didn't know about this thread.

Had I know about it, I wouldn't have opend this thread in the first place, as now I'm not sure anymore how to interpret the informations.

There gmaxwell states that the collected data about nodes is pretty much worthless.

Quote from: gmaxwell on May 20, 2012, 01:37:56 AM

Note, the estimates of bitcoin client are now ~worthless: A few versions ago I changed the reference client to not advertise itself unless it was listening and knew its public IP... so it's expected that that count should go way down.

Or does this imply that a increase in listening Host stand for a even larger grow?

deeplink

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In cryptography we trust

Quote from: Stephen Gornick on October 24, 2012, 02:03:22 AM

Quote from: notme on October 24, 2012, 01:40:10 AM

He may be referring to the lack of a continuation of the uptrend.

Nope. I'm referring to how the data here is from about 10 days ago, and isn't being updated.

- http://bitcoinstatus.rowit.co.uk/servers.html

Is the site still functional?

The thread about the site has not been updated recently. However its creator nibor is still active on the forum.

Stephen Gornick

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Quote from: notme on October 24, 2012, 01:40:10 AM

He may be referring to the lack of a continuation of the uptrend.

Nope. I'm referring to how the data here is from about 10 days ago, and isn't being updated.

- http://bitcoinstatus.rowit.co.uk/servers.html

Akka

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Oh right, could be.

The service was gone for over a month a while back, so I thought he was referring to that.

Sad but true, it's not going up anymore.

notme

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He may be referring to the lack of a continuation of the uptrend.

Akka

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Quote from: Stephen Gornick on October 24, 2012, 12:49:15 AM

Quote from: Stephen Gornick on October 11, 2012, 04:27:43 PM

Awesome, I thought that service was down for good.

Lots of great info there:
- http://bitcoinstatus.rowit.co.uk

Hmmm ... stuck again.

Works for me.

Stephen Gornick

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Quote from: Stephen Gornick on October 11, 2012, 04:27:43 PM

Awesome, I thought that service was down for good.

Lots of great info there:
- http://bitcoinstatus.rowit.co.uk

Hmmm ... stuck again.

waspoza

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Quote from: jgarzik on October 12, 2012, 07:14:29 PM

Quote from: waspoza on October 12, 2012, 06:32:37 PM

Quote from: jgarzik on October 12, 2012, 01:23:18 PM

Hopefully version 0.8, with "ultraprune" will reduce the costs associated with running a full node. Ultraprune is vastly more efficient, and can be run on slightly older/slower machines than current versions.

Great! Will leveldb be in 0.8 too?

Yes, leveldb is a per-requisite for ultraprune.

Awesome, can't wait! Grin

jgarzik

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Quote from: waspoza on October 12, 2012, 06:32:37 PM

Quote from: jgarzik on October 12, 2012, 01:23:18 PM

Hopefully version 0.8, with "ultraprune" will reduce the costs associated with running a full node. Ultraprune is vastly more efficient, and can be run on slightly older/slower machines than current versions.

Great! Will leveldb be in 0.8 too?

Yes, leveldb is a pre-requisite for ultraprune.

waspoza

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Quote from: jgarzik on October 12, 2012, 01:23:18 PM

Hopefully version 0.8, with "ultraprune" will reduce the costs associated with running a full node. Ultraprune is vastly more efficient, and can be run on slightly older/slower machines than current versions.

Great! Will leveldb be in 0.8 too?

Technomage

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Affordable Physical Bitcoins - Denarium.com

Quote from: jgarzik on October 12, 2012, 01:23:18 PM

Hopefully version 0.8, with "ultraprune" will reduce the costs associated with running a full node. Ultraprune is vastly more efficient, and can be run on slightly older/slower machines than current versions.

I'm looking forward to that! I still run a full node occasionally and I will continue to run one as long as it's feasible. 0.8 is the most exciting release for me thus far.

jgarzik

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Hopefully version 0.8, with "ultraprune" will reduce the costs associated with running a full node. Ultraprune is vastly more efficient, and can be run on slightly older/slower machines than current versions.

Technomage

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Affordable Physical Bitcoins - Denarium.com

Quote from: Kupsi on October 12, 2012, 11:13:46 AM

Here you got 90 days average price. Looks nice

http://blockchain.info/charts/market-price?showDataPoints=false×pan=all&show_header=true&daysAverageString=90&scale=0&address=

Edit:

...and 90 days average market cap. Looks even nicer

http://blockchain.info/charts/market-cap?showDataPoints=false×pan=all&show_header=true&daysAverageString=90&scale=0&address=

Really interesting! The 90d avg market cap is already higher than it has ever been. It's my favorite indicator now! (lol). No, it really is a good indicator, one of the best.

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: evoorhees on October 11, 2012, 10:32:02 PM

The price could double tomorrow and it doesn't mean Bitcoin is twice as healthy. I will caveat this by saying perhaps the 90 day moving average price may well be the best indicator, but certainly not the spot price.

Here you got 90 days average price. Looks nice

http://blockchain.info/charts/market-price?showDataPoints=false×pan=all&show_header=true&daysAverageString=90&scale=0&address=

Edit:

...and 90 days average market cap. Looks even nicer

http://blockchain.info/charts/market-cap?showDataPoints=false×pan=all&show_header=true&daysAverageString=90&scale=0&address=

Mike Hearn

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It can also be that more people are running nodes but not keeping them active all the time due to increased load. I don't think you can easily state there is such a macro-trend as neither variable can be easily measured.

niko

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There is more to Bitcoin than bitcoins.

Quote from: evoorhees on October 11, 2012, 04:43:51 PM

Wow this is pretty excellent news. The reason this had been falling forever was the macro trend of users switching primarily to e-wallets, and I doubt that trend will stop. So for the standard client number to be rising -despite- this macro trend is extremely positive.

Traffic analysis described by Dan Kaminsky requires the attacker to have significant numbers of zombie nodes. We do need more users running the full client.

notme

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Quote from: ?? on ??

Not really a great gauge of growth. My case is an example: I was mining directly to an exchange because I was playing the market a little bit but then a hack happened. I didn’t lose anything during the hack but decided that wasn’t a good idea and brought up a full node to transfer my coin. Forgetting how frigin long the catch up is I decided to leave it engaged 24/7. Just one example, I know, but this kind of thing can be happening too.

Good point. The recent BTC losses might be causing people to rethink their storage habits.

evoorhees

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Quote from: Atlas on October 11, 2012, 05:28:58 PM

I hate to be a filthy capitalist but the best measure of Bitcoin adoption is the price. The more goods and services exchanged for Bitcoin, the higher the price is. It's really simple.

The price is most certainly not the best indicator, though it is a very important one.

The reason is that price is influenced extremely easily by very short term changes in sentiment and myriad psychological factors. These factors are transient and flippant. The price could double tomorrow and it doesn't mean Bitcoin is twice as healthy. I will caveat this by saying perhaps the 90 day moving average price may well be the best indicator, but certainly not the spot price.

I'd say the basket of most important indicators are (in no order):
- Transactions per day (exclude top 100 addys if you want)
- New addresses created per day
- USD price and/or 90-day moving average price
- Exchange volume as measured in USD
- Transaction volume as measured in USD
- Tweets per day which include the term "bitcoin"

Topic: Time for some good news, BTC Userbase (Full Nodes) grows again. (Read 4088 times)