I would say that the answer to that question is similar to the answer of the following question: "what does the possession of a Rolex have to do with the contents of your bank account ?" :-)
If you have a Rolex, chances are your bank account is well-filled. But there's no point obtaining a Rolex and to hope that this act will make you have a filled bank account :-)
Topic: What does an altcoin's number of nodes have to do with its value? (Read 949 times)
February 22, 2017, 12:10:37 AM
February 21, 2017, 10:28:27 PM
If the hashing power is not distributed then an attacker can take control.
Lots of nodes means no centralisation. No centralisation is necessary for blockchains to function as intended.
In other words rather than having the power in one central place, the power is shares across the network. Each player has a little bit but hopefully no one has too much.
Lots of nodes means no centralisation. No centralisation is necessary for blockchains to function as intended.
In other words rather than having the power in one central place, the power is shares across the network. Each player has a little bit but hopefully no one has too much.
Nodes and hashing power are not the same thing.
February 18, 2017, 08:57:20 PM
If the hashing power is not distributed then an attacker can take control.
Lots of nodes means no centralisation. No centralisation is necessary for blockchains to function as intended.
In other words rather than having the power in one central place, the power is shares across the network. Each player has a little bit but hopefully no one has too much.
Lots of nodes means no centralisation. No centralisation is necessary for blockchains to function as intended.
In other words rather than having the power in one central place, the power is shares across the network. Each player has a little bit but hopefully no one has too much.
February 18, 2017, 03:53:52 PM
I say these two have nothing in common but if they do then you are thinking backwards.
number of nodes can't affect the price, if anything price can change the number of nodes.
for example if price of an altcoin is high, there would be more people willing to run the full node client of that altcoin, mostly because not all the altcoins have other types of wallet. for example if you want to hold 95% of the altcoins you have to download their wallet which is a full wallet.
and only 5% of them have some sort of SPV client, an online wallet that you can trust and ...
this means a coin with higher price has more users so it has more wallets (full nodes)
number of nodes can't affect the price, if anything price can change the number of nodes.
for example if price of an altcoin is high, there would be more people willing to run the full node client of that altcoin, mostly because not all the altcoins have other types of wallet. for example if you want to hold 95% of the altcoins you have to download their wallet which is a full wallet.
and only 5% of them have some sort of SPV client, an online wallet that you can trust and ...
this means a coin with higher price has more users so it has more wallets (full nodes)
What about the starting nodes then? No altcoin start with no node. I think, the amount of nodes the developers can have work when initialization has impact on stability of the platform and such a stability may have impact in the price. Again, it is security. A network of a few nodes is more dangerous than a network of more nodes, providing the same quality, features...etc. And here, risk has cost.
February 13, 2017, 08:56:46 PM
I say these two have nothing in common but if they do then you are thinking backwards.
number of nodes can't affect the price, if anything price can change the number of nodes.
...
number of nodes can't affect the price, if anything price can change the number of nodes.
...
This is definitely true. If the price of an alt goes high enough and there is a decent reward (e.g. stake) for running a node then new people would be attracted to running a node.
February 11, 2017, 10:40:37 AM
I say these two have nothing in common but if they do then you are thinking backwards.
number of nodes can't affect the price, if anything price can change the number of nodes.
for example if price of an altcoin is high, there would be more people willing to run the full node client of that altcoin, mostly because not all the altcoins have other types of wallet. for example if you want to hold 95% of the altcoins you have to download their wallet which is a full wallet.
and only 5% of them have some sort of SPV client, an online wallet that you can trust and ...
this means a coin with higher price has more users so it has more wallets (full nodes)
number of nodes can't affect the price, if anything price can change the number of nodes.
for example if price of an altcoin is high, there would be more people willing to run the full node client of that altcoin, mostly because not all the altcoins have other types of wallet. for example if you want to hold 95% of the altcoins you have to download their wallet which is a full wallet.
and only 5% of them have some sort of SPV client, an online wallet that you can trust and ...
this means a coin with higher price has more users so it has more wallets (full nodes)
February 11, 2017, 07:39:41 AM
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
That suggests the number of nodes has an effect in its price, doesn't it? The more people support your altcoin, the more demand it has and the more demand an item has, the more value the item has. I thought that was a working principle.
Also, security. Would you rather trust a network of 2 nodes or 2,000 000+ nodes? A network of 2 nodes is more vulnerable to hacking, DDoS, internet provider...etc. Destroying/infecting/hijacking/centralizing a 2,000 000-node network is more difficult than a network of 2 nodes. Security should have an effect in value too.
So, the question is not whether, but again, HOW does this effect appear in price?
February 10, 2017, 01:26:07 PM
first of all running a node is not about how much it will cost you and certainly (as many these days try to say) is not about making money (being rewarded just because you run a node).
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
This is all simply not correct.
People run nodes to get paid. That's why they stake. That's why there are supernodes and other concepts that are based completely on getting paid to run a node.
Saying number of nodes has no effect is nonsense. It definitely has an effect, the questions is: In what way?
The question of OP is does the number of nodes effect the value of the coin. Yes, people do run nodes for a personal profit, but that personal profit is independent of the value of the node as a whole. I'd also argue that the number of nodes has minimal (even 0) effect on the price of an altcoin. Of course, some number of nodes must be required for any altcoin to sustain life, but does the excess amount of nodes increase the value? I'd say no. Coinmarketcap and other metrics for determining value do not even graph the number of nodes. I couldn't even tell you an estimate of how many Bitcoin nodes there are.
February 10, 2017, 01:09:32 PM
first of all running a node is not about how much it will cost you and certainly (as many these days try to say) is not about making money (being rewarded just because you run a node).
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
This is all simply not correct.
People run nodes to get paid. That's why they stake. That's why there are supernodes and other concepts that are based completely on getting paid to run a node.
Saying number of nodes has no effect is nonsense. It definitely has an effect, the questions is: In what way?
February 09, 2017, 08:30:48 AM
Running a full node 24/7 is not cheap. Even if you have free energy access, you have to dedicate the HW and similar. It is especially important at a new altcoin where future is even more unpredictable than BTC network's.
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
It's maybe one of the most big problems of crypto: after some time all net became more and more centralized. (we can see at in bitcoin now. Year by year there less and less full nodes which working.
Greastest network (numbers of nodes) has bitcoin. Or maybe Ethereum if you asking about alts.
February 09, 2017, 05:25:12 AM
first of all running a node is not about how much it will cost you and certainly (as many these days try to say) is not about making money (being rewarded just because you run a node).
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
it is about supporting the decentralized network that you want to use. what did you think decentralized mean then!
with that said, number of nodes have no effect on an altcoin price. if that were the case 90% of the altcoins would have never seen a price above 1 satoshi.
number of nodes (real nodes run by users not data centers mass nodes) means more people are supporting that altcoin, more people are using it and it ensures the security of the network.
February 09, 2017, 04:45:23 AM
It would make sense that if a coin was popular it would have a bunch of nodes. More nodes usually = more holders.
Unless they fake it. Lol
Unless they fake it. Lol
True but holders for POS coins sometimes don't run a node but just stake occasionally to get their profit. There can also be a lot of holders but holding on exchanges.
Nodes can be operational without holding, e.g. block explorers.
Even with zero nodes some coins mysteriously retain value on some exchanges, but that's a separate matter.
A coin can have millions of nodes but if the coin has a million percent staking reward then the value will be very very low regardless of number of nodes.
Not saying I disagree with what you're saying here, just making comments about nodes and their relation to coin value.
MarMoCoin you have a point, I didn't think about Block Explorers as much. If a coin had a bunch of those then technically they would have a bunch of nodes running from different IP addresses with a single host.
Proof of Stake (PoS) is also a weird concept to grasp as well if the project doesn't have a high stake rate then they should be okay to use the amount of nodes for calculating the amount of people helping the coin stay alive.
So you're right, thanks -it's good to learn new things.
Another scenario to look at might be a popular business running a node (Amazon.com or something) then just a couple nodes would be enough to calculate the longevity of the coin. The price could rise because of that even if the popular business didn't make their domain publicly known.
February 08, 2017, 08:14:15 PM
It would make sense that if a coin was popular it would have a bunch of nodes. More nodes usually = more holders.
Unless they fake it. Lol
Unless they fake it. Lol
True but holders for POS coins sometimes don't run a node but just stake occasionally to get their profit. There can also be a lot of holders but holding on exchanges.
Nodes can be operational without holding, e.g. block explorers.
Even with zero nodes some coins mysteriously retain value on some exchanges, but that's a separate matter.
A coin can have millions of nodes but if the coin has a million percent staking reward then the value will be very very low regardless of number of nodes.
Not saying I disagree with what you're saying here, just making comments about nodes and their relation to coin value.
February 08, 2017, 06:44:33 PM
You can run a node from a raspberry pi too. So, if you are making some profit from an altcoin maybe consider this as a solution to support its network.
February 08, 2017, 06:41:17 PM
It would make sense that if a coin was popular it would have a bunch of nodes. More nodes usually = more holders.
Unless they fake it. Lol
Unless they fake it. Lol
February 08, 2017, 05:55:02 PM
Running a full node 24/7 is not cheap. Even if you have free energy access, you have to dedicate the HW and similar. It is especially important at a new altcoin where future is even more unpredictable than BTC network's.
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
Why wouldn't it be cheap?
It is dirt cheap, you can run nodes even from a very old laptop which uses like what, 30 watts? That's $31 a year for electricity. And laptops have the added benefit of acting like a UPS due to their batteries.
Other than the internet connection (which is pretty much a given), you really don't need to invest into anything.
I'm not sure which altcoins has the most nodes though.
If you look into masternodes (eg. Dash, PIVX, Sib) you can get paid for hosting them but you have to own a set amount of coins which are usually not cheap (but nothing is that makes you money).
February 08, 2017, 04:19:45 PM
Running a full node 24/7 is not cheap. Even if you have free energy access, you have to dedicate the HW and similar. It is especially important at a new altcoin where future is even more unpredictable than BTC network's.
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
Does the node-base of an altcoin matter as for its price?
Which altcoin has the greatest "network" right now (in number of nodes)?
What altcoin pays the most for running one of its nodes?
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