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Re: From 370,000 Full Bitcoin Nodes to 6,000: What happened?
...I would think killing GPU mining would have severely dropped the node count. I fear for all of these multi-million dollar farms out there that are literally going belly up as soon as the block reward drops again 
I've been pondering the reward drop coming up.
One of the things that crossed my mind was this whole issue of block size increases. A reward halving would make transaction fees more attractive. But maybe that's one conspiracy theory too far.
Hey now... Bitcoin is all about a decentralized LIMITED currency. The reward halving is all in the name of keeping this currency stable. This isn't about making money. If people begin to increase transaction fees simply to make it more rewarding for miners losing out on this drop in reward... we're no better than VISA and very much against the fabric of why bitcoin was created. This will tell a lot. Bitcoin is either going to crumble or become more stable.
One of the high ranking family member of the 13 inbred terrorist European Bloodline "Warren Buffet" tells his fans & investors to "stay away from Bitcoin."
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
You can find his excuses in the following articles below:
https://www.cryptocoinsnews.com/warren-buffet-stay-away-from-bitcoin/
http://www.forexminute.com/bitcoin/warren-buffet-oracle-omaha-suggests-investors-stay-away-bitcoin-2015-52383
Do you have any thoughts?
Unless this community gets its shit straight he could be exactly right. He says right in the article its easily "duplicated" which hes correct on. Let says banks around the world decide to piggyback a bitcoin like network, running their own nodes, their own mines for verification and leave BTC in the dust? They could very easily do this. "They" being a group Warren has a heavy influence in.
Re: From 370,000 Full Bitcoin Nodes to 6,000: What happened?
I'm doing some research on Bitcoin nodes and how to increase their numbers.
As part of that I thought I had better get some reference points. These are the results:
http://i.imgur.com/nYfPo7j.jpg
Q1. Can the numbers indicating that there were over 370k nodes be trusted?
Q2. Why was there such a sharp fall in numbers? GPU and then ASICs?
Q3. Is is possible to ever see that number again?
Source for 370k number was worked out from:
http://bitnodes.io
Wow, wir sind nach China und USA No 3 in der Welt, stärker als Russland und Kanada. Nochmal WOW !
Sehr stolz der junge Skywalker nun seien ...
http://i.imgur.com/YaO5OYY.gif
edit
BTC user disclosure runs Bitnodes, the source of the above data. He has answered the questions:
As part of that I thought I had better get some reference points. These are the results:
http://i.imgur.com/nYfPo7j.jpg
Q1. Can the numbers indicating that there were over 370k nodes be trusted?
Q2. Why was there such a sharp fall in numbers? GPU and then ASICs?
Q3. Is is possible to ever see that number again?
Source for 370k number was worked out from:
http://bitnodes.io
Wow, wir sind nach China und USA No 3 in der Welt, stärker als Russland und Kanada. Nochmal WOW !
Sehr stolz der junge Skywalker nun seien ...
http://i.imgur.com/YaO5OYY.gif
edit
BTC user disclosure runs Bitnodes, the source of the above data. He has answered the questions:
The early December 2013 network snapshots, i.e. with over 100k nodes, are not valid as the crawler at that time took several hours just to complete one full network snapshot and it includes all nodes from addr responses which can be faked or likely stale. Those snapshots were linked to from getaddr.bitnodes.io/SNAPSHOT_NUMBER/ which have been removed since.
With the new crawler released in late Dec 2013, the crawl time was brought down significantly down to sub 5 minutes with considerably good churn rate. I use the churn rate to measure how good a network snapshot is. A value of 0 implies the network snapshot was taken instantly but of course that's not possible. At the moment, we are seeing a typical churn rate of 30+: https://getaddr.bitnodes.io/nodes/
With the new crawler released in late Dec 2013, the crawl time was brought down significantly down to sub 5 minutes with considerably good churn rate. I use the churn rate to measure how good a network snapshot is. A value of 0 implies the network snapshot was taken instantly but of course that's not possible. At the moment, we are seeing a typical churn rate of 30+: https://getaddr.bitnodes.io/nodes/
I would think killing GPU mining would have severely dropped the node count. I fear for all of these multi-million dollar farms out there that are literally going belly up as soon as the block reward drops again
I am paying for accounts for their rank not their activity
for me a member account with 70 activity and 98 activity is same
I am paying 0.02BTC-0.025BTC for member account, buying as many accounts as possible
for me a member account with 70 activity and 98 activity is same
I am paying 0.02BTC-0.025BTC for member account, buying as many accounts as possible
Seems really low.