GB

JankySeiko

The blockchain size will soon be 420.69GB. How do you think we should celebrate such a milestone?

Winnie_the_Pooch

In your own words ‘speculate’ about things, then call the *other* person ‘assuming.’ Call someone a ‘dickhead’ and an ‘asshole,’ then say that *they’re* condescending. Mate, this is funny stuff 😂 And forgive me, I have never heard a single British person ever use the phrase ‘Y’all’ - thank god! And by using the second-person pronoun you imply that you aren’t a resident of the country that voted to leave - either that or that the audience of your comment are exclusively or predominantly leave voting… and we’re on Reddit which is more pro-Remain than Islington! By the way, I haven’t had a single issue with SEPA payments since Brexit, although as far as crypto is concerned I wouldn’t waste my time with an exchange that only accepts SEPA and not FPS due to how long it takes compared to Faster Payments, especially since all the major ones (Coinbase, Binance, Kraken, Gemini etc etc) use FPS not SEPA for UK customers anyway. I have heard of some [IBAN discrimination](https://www.starlingbank.com/blog/how-to-defend-yourself-against-iban-discrimination/) against GB codes taking place in the EU since Brexit though. But that’s not something people voted for, that’s European institutions breaking European payments law! I’d be curious to know where you’ve experienced Brexit related issues with SEPA payments?

boinaFandgs

NO truer words said. I totally agree with you on this. Meme coins also are just for short temporary gains but the problem is knowing when to cash in on it before you get caught in the web. NFT got a lot of potentials which hasn't been harnessed fully. so many platforms in the NFT market place still has underlying issue like high minting fee, low file size limit and the likes but Savage is aiming to correct all that. The savage NFT marketplace gives low minting fee, file size limit of about 2GB, carbon neutral emission and other much more.

mytwentythredditid

Oh it's way worse than that. Have you ever tried actually running an ETH node? [Prior to me bitching about it](https://np.reddit.com/r/ethereum/comments/kpxu25/ever_wondered_why_geth_nodes_take_so_long_to_sync/) the node would basically kill a modern SSD in a matter of a few months just by syncing. Other problems till in the code: * If you put the blockchain on your OS drive, the overhead from opening and closing the 100,000+ files in a single directory will make your system feel 'laggy' and 'glitchy' while running, because the OS is taxed beyond capacity handling open() and close() requests. Just making the leveldb files larger, say around 256MB each, would remove this problem without causing too much in the way of extra SSD writes. * The blockchain has to run on an SSD because, at an architectural level, they assume every single individual transaction needs to be individually addressable within the DB. They have their reasons, but this is a design that a software engineer, with no concept of how the underlying hardware works, thinks up. They know about it, and it's the first thing every Geth fork tries to change, but everyone gives up because it is so core to how Ethereum works. * Golang takes 2x the memory it needs 'for garbage collection'. So when you set a 4GB cache, the node currently consumes 12GB of RAM. 4GB for the cache, 2 GB for 'other' stuff within the node, for 6GB total, and then another 6GB of garbage waiting around to be collected. Golang is a language that software engineers use to write code quickly. It is an utterly stupid choice for this type of software. * Also, have you ever noticed how after 18 hours or so your CPU usage seems to plateau during syncing, where you are using 50-60% of your CPU constantly? That's the garbage collector in golang running **constantly** trying to find garbage to collect. "But it has 6GB!" It does, but not *that* garbage, some other, mystery garbage, that isn't anywhere near as large or vital. Golang's GC can do wonderful things, but for a Geth node, it may as well be an iron maiden on the back of an ATV in rocky terrain. * The ETH devs run all their test nodes on AWS because they know that no machine worth less than $1000 or so is even capable of syncing as a full node should. They keep inventing new ways to short-circuit actually verifying the entire blockchain (snapshots, etc) because they want to keep that illusion up that nothing is fundamentally wrong with their software. How secure is a coin where AWS runs 80% of all nodes? It isn't. I 100% agree with you, Ethereum needs to die.

mytwentythredditid

Oh it's way worse than that. Have you ever tried actually running an ETH node? [Prior to me bitching about it](https://old.reddit.com/r/ethereum/comments/kpxu25/ever_wondered_why_geth_nodes_take_so_long_to_sync/) the node would basically kill a modern SSD in a matter of a few months just by syncing. Other problems till in the code: * If you put the blockchain on your OS drive, the overhead from opening and closing the 100,000+ files in a single directory will make your system feel 'laggy' and 'glitchy' while running, because the OS is taxed beyond capacity handling open() and close() requests. Just making the leveldb files larger, say around 256MB each, would remove this problem without causing too much in the way of extra SSD writes. * The blockchain has to run on an SSD because, at an architectural level, they assume every single individual transaction needs to be individually addressable within the DB. They have their reasons, but this is a design that a software engineer, with no concept of how the underlying hardware works, thinks up. They know about it, and it's the first thing every Geth fork tries to change, but everyone gives up because it is so core to how Ethereum works. * Golang takes 2x the memory it needs 'for garbage collection'. So when you set a 4GB cache, the node currently consumes 12GB of RAM. 4GB for the cache, 2 GB for 'other' stuff within the node, for 6GB total, and then another 6GB of garbage waiting around to be collected. Golang is a language that software engineers use to write code quickly. It is an utterly stupid choice for this type of software. * Also, have you ever noticed how after 18 hours or so your CPU usage seems to plateau during syncing, where you are using 50-60% of your CPU constantly? That's the garbage collector in golang running **constantly** trying to find garbage to collect. "But it has 6GB!" It does, but not *that* garbage, some other, mystery garbage, that isn't anywhere near as large or vital. Golang's GC can do wonderful things, but for a Geth node, it may as well be an iron maiden on the back of an ATV in rocky terrain. * The ETH devs run all their test nodes on AWS because they know that no machine worth less than $1000 or so is even capable of syncing as a full node should. They keep inventing new ways to short-circuit actually verifying the entire blockchain (snapshots, etc) because they want to keep that illusion up that nothing is fundamentally wrong with their software. How secure is a coin where AWS runs 80% of all nodes? It isn't. I 100% agree with you, Ethereum needs to die.

___v0id___

Ok stuff I’m looking at here: “Ethereum: each node 64GB RAM and 100TB of storage. Cassandra: 8GB RAM and 1TB of storage from “Sharding” WTF?! “This demonstration is operating on a total of 64 replicas, split into 8 sets of 8 replicas which are geo-located in 4 continents. Each group is responsible for a large set of shards (2^253) and each tweet touches multiple shards and replica sets. All events undergo full consensus, signing, verification and execution as would be in a deployed network.” So data-wise, not only a shared “one version of the truth”, on all nodes, this turns Twitter into a “dAPP” where it’s accessible anywhere, like Bitcoin, regardless of censorship stuff? For example, would give China citizens access to Twitter if China decided to ban it (if they haven’t already?!). Did I understand that right?

JustDownInTheMines

Just FYI, these are the minimum specs. It is incredibly difficult in FIL to compete with the rigs worth millions and millions of $, not exactly the same as joining a pool in ETH mining. Many have said in the past you should have over 300GB RAM and a massive server. Also I remember reading in the past that you need to stake some amount of FIL, I believe to be 32 FIL, though I can't seem to find that information now. Btw another storage providing miner is SCP, maybe something to look into, though not very profitable. I personally really like RTM for CPU mining.

Kyosaur

>In the world I live in, regular people don't care about being validators, tech people care and they don't have problems with owning an expensive computer. Expensive computer is an understatement. Aren't the recommended specs around a min $5000 build with 1 Gbps internet? Thats not mentioning the SOL requirements (1.1 SOL a day to validate). Its not "tech people" at that point, but rather businesses. This obviously limits the number of validators, which hurts decentralization. This is not an attack, but a legit curiosity: I literally do not understand why Solana is designed the way it is. Why the massive TPS on layer 1? Do they not like layer 2 scaling solutions? If they wanted such a large TPS, why did they choose blockchain? Especially when it grows by 2TB+ a year (BTC is 369.35 GB total, and ETH is 1TB total), and needs insane hardware to validate. Why not use DAG technology? Or a hybrid system like Avalanche. Those solutions would help the validator hardware issue, which helps with decentralization.

thor1093

Have a look at r/erg_miners ... You can't use ASIC hardware, it's good with rather old GPUs, even 4GB GPUs still work for mining. I use mostly RX 570 and Vega 56/64. Furthermore autolykos2 (the ERG algorithm) seems to be very energy efficient, people say temperatures are significantly lower than when mining RVN or ETH.

Superminerbros1

I found the information needed to come up with that figure from [the official docs](https://docs.helium.com/use-the-network/console/data-credits/). >Every 24 bytes sent in an uplink or downlink packet cost 1 DC = $.00001. 1 GB is 1,000,000,000 bytes. Divide that by 24 to get the number of Data Credits (DCs) needed to upload that much data on the network because 1 DC is always 24 bytes. That comes out to 41666667 DCs. Multiply by $0.00001 since each DC is always $0.00001 and you get $416.66667 per GB of data. I was off a little bit because I was estimating from memory and just remembered all the 6s lol. My dad seemed super interested in helium and was going to buy a hotspot to start mining, but wanted my opinion first. I just researched it for a few hours today and didn't find this out until I was deep into the research trying to understand what the project does, how it works, and how the mining is broken down. He seemed to have the same opinions that it was supposed to be a cheap wireless network that could be used for anything, an I don't blame him since that's basically what they advertise as.

Superminerbros1

I urge you to do more research on that project. The cost per 24byte data packet is supposed to be $0.00001 which means 1GB of data (upload and download combined) is approximately $460 USD. As far as I can tell it's only affordable if your specific need is an IoT device far away from a property you own with WiFi that uses too little data to justify using cellular and is also within range of a helium hotspot. It also needs specific IoT devices with a specific wireless technology, and it's startup costs to host a hotspot are over $500 USD.

BitcoinUser263895

Meanwhile bcash thinks 1GB blocks are enough for "VISA level adoption". Meanwhile "VISA level adoption" is a drop in the ocean. Lightning Network is going to expand the global economy by orders of magnitude with trillions more transactions than currently take place. They're just some kids trapped in a mind-virus, one which has no imagination and no concept of where this is going.

LanceDragonDance

TasteNFT. Yolo'd 40 and it 10x'd but it went down to what's now a 3x. I didn't sell I plan to buy more and hold. Lumens because if my boy was a girl the middle name would have been Lumen. I did fuck up in 2020 by cashing out and buying 32GB of RAM for no fucking reason. A few months later it tripled in price.

Zantti

Listing the 7 mentioned coins here for those that can't access the website: 1. Grin (GRIN) The cryptocurrency Grin, which at the time of writing has a value, according to CoinMarketCap, of €0.3112, can be mined with GPUs. It was developed in 2019 through the MimbleWimble protocol, which aimed to build an anonymous, scalable and lightweight blockchain. 2. Ethereum Classic (ETC) It is possible to mine Ethereum Classic with GPUs and video boards with 3 or 4 GB of memory. Ethereum Classic is a decentralized platform that runs smart contracts. Its native cryptocurrency is ETC, which is priced at €40.54 at the time of writing. It was born from Ethereum in 2016 after the hack known as The DAO. 3. Zcash (ZEC) When it was launched in 2016, it was said to be the alternative cryptocurrency to bitcoin. Even Edward Snowden supported Zcash, since its system encrypts all information, making it untraceable. Currently, Zcash is priced at €91.91 and can be mined with GPU or CPU. 4. Monero (XMR) Monero is another cryptocurrency that is easy to mine, since it can be mined with GPU or CPU. Currently, its price is €212.48. It is also an untraceable cryptocurrency and is considered the cryptocurrency with the highest level of privacy at the moment. 5. Ravencoin (RVN) It was created in 2018 with the bitcoin code and using an algorithm called Kawpow. In other words, it is another cryptocurrency that was projected from the original bitcoin. It is mined with CPU or GPU and using the Proof of Work (PoW) technique. The price at the moment is €0.08145. 6. Vertcoin (VTC) In this case, the Proof of Stake (PoS) technique is used. It was also created (in 2014) with the bitcoin source code. The current price is €0.3862. Its official website reads: "Mine vertcoin with your computer at home. The way bitcoin was conceived." 7. Feathercoin (FTC) Although, logically, it is more efficient to use a GPU, Feathercoin is another cryptocurrency that can be easily mined with CPU. It is currently worth €0.01635. It was launched in 2013 as a fork of litecoin, it is capable of processing one block per minute and the total supply will be 336 million coins.

Devangm7

The prices have significantly gone down tho. Earlier it was 5$ for 1gb(3G). Rn I can get atleast 25GB of 4G with the same price.

AwkwardElegance1

Ethereum is a scam for a ton of reasons. First: the premine. Vitalik created 72 million ETH all at once when he created Ethereum in 2015. He sold a bunch to insiders for a quick payoff, and he kept 12 million ETH for himself. That was in 2015. There's only now just over 100 ETH in 2021. 12 million ETH is worth $41 billion. Ethereum is a Ponzi scheme. Ethereum has a king and lords. Bitcoin is a pure round table approach designed as perfect money as an anonymous gift for humanity. Ethereum says they're better through a steady marketing propaganda campaign, paid for by using ETH like a unlimited piggy bank. Bitcoin just has jerks like me who understand what Bitcoin really means for the world. Hard money changes the world. Look at the security difference between BTC and ETH. https://bitinfocharts.com/comparison/hashrate-btc-eth.html#alltime Ethereum changes its monetary policy to benefit the leader, who can force whatever change he wants. This means you cannot rely on Ethereum. It is doomed by corruption. Case in point. They (The Ethereum Foundation) can't compete with Bitcoin on proof of work, that only allows for a single winner take all giant to be secure. So they make up bullshit about energy use being bad. They're switching ETH from proof of work, which is the only long term secure way to do things, to proof of stake consensus. Bitcoin solves this. Nobody can hijack Bitcoin. People have tried. It's proved impossible. This means that Bitcoin can only improve. Taproot is the name of an upgrade that was accepted by over 95% of Bitcoin miners, so it's being activated. If you choose, you can run this new upgrade on your node. You don't have to. Nobody can force you. Freedom freedom freedom, hoy! Bitcoin will always have the same monetary policy forever. Literally forever as long as human civilization even kind of survives. Try running a full Ethereum node. It's 6TB and they warn you that if you don't use a 500GB SSD, you'll never catch up because the ETH Blockchain grows faster than a regular HDD can write. No shit. https://ethereum.org/en/developers/docs/nodes-and-clients/run-a-node/ Right from the official Ethereum webpage. BTW, there's no official Bitcoin anything. The Blockchain with the longest proof of work is Bitcoin. Proof of work speaks for itself. Bitcoin has a fixed supply of 21 million BTC. Having a fixed supply money is an engineering problem that has only a single secure solution. It's Bitcoin. There can be no others. Blame the byzantine general's problem.

Kekkins

and if you have a gpu with less than 4GB there is Vertcoin...

mirandanielcz

Ergo if you have a 4GB card

brianddk

Looks like that is a [5400 RPM drive](https://support.apple.com/kb/SP659?locale=en_US). A lot of the bottleneck will be random access reads / writes to the chainstate database on disk. You could get a 16/32 GB fast SSD / pendrive and put the chainstate there. It's pretty small.\. Might speed it up for nex time.

UnstoppableOnslaught

u/OfficialNewMoonville u/Jasonluxton I like FTM as much as the next person and your FTM shilling is excellent. However I've begun to notice FTM suffers from a similar problem to SOL when it comes to node's! Currently it costs 1M FTM to start a node and the hardware requirements are slightly high. They tried to reduce it to 500,000 FTM (Fail Governance vote) but that'd still be rather insane and beyond the average person. >Minimum hardware requirements: AWS T2.large EC2 (or equivalent) and at least 800GB of Amazon EBS General Purpose SSD (gp2) storage (or equivalent). This sort of echos the whole Solana situation where the hardware requirements are insanely high and out of reach of most average people and even companies resulting in a rather centralised network. General rule of thumb is More speed and TPS = Less decentralisation. Do we know if the minimum stake has a chance of being lowered?

Dwarfdeaths

I am pro-nano but I'll list some common arguments against it, which I address in my pro thread [here](https://www.reddit.com/r/CryptoCurrency/comments/ovmtsf/rcc_cointest_coin_inquiries_nano_proarguments/hdg63om/). * Without transaction fees, why would anyone run a node? * If transacting is free, won't there be spam? What happens when hardware limits are reached? * Volatility makes Nano unusable for businesses. * The development team is running out of funds. There are also some things I think are genuinely still challenges for Nano that have not been addressed in the above link: **The security of the network is predicated on users responsibly delegating their voting weight.** If you've read about Nano's Open Representative Voting consensus model, you'll know that it fundamentally relies on holders of the currency to act in rational self-interest by democratically delegating their voting weight (proportional to their holdings) toward a node which is reliable and unbiased. Since the goal of Nano is to become a globally adopted currency for peer to peer payment, we might expect a large portion of the supply to be held by average people and businesses. So we need people and businesses to take an active interest in the health of the network. For instance, if a node goes offline often or permanently, or if it is preferentially delaying voting some transactions, that information would need to be (a) discovered, (b) disseminated, and (c) acted upon by the people. Each of these steps has difficulties. Watching for node downtime is relatively easy, but it might be a lot harder to detect other manipulations. Disseminating this information would also be difficult; in principle you'd have to tell the entire world that a node was found to be behaving poorly. And finally getting people to act on it. We have ample evidence that people are capable of apathy towards injustice or actions that go against their self interest, so why should we expect them to be reliable when it comes to the security of their money? **Ledger bloat** Since transactions are free, we've established that the network will likely be used at full capacity as adoption grows, with transactions being prioritized by some mechanism. Whether this usage is legitimate or spam is largely irrelevant, but either way means the ledger will grow at a considerable pace. Transactions in the Nano protocol are around 400 bytes in size, so a usage of 100 cps would result in 1260 GB per year. Global adoption, which would require on the order of 12,000 cps, would require even more. Currently the Nano ledger is recommended to be stored on SSDs for rapid access, which would make it even more expensive. In the long term you might expect only the "frontier blocks" (those at the ends of chains) to be stored on rapid access storage, with the rest being put onto HDDs or tapes, but either way a full historical node will be a substantial endeavor. Currently, Nano has not implemented ledger pruning to mitigate this and it remains a major area in need of development. **Does Collin secretly hold most of the supply?** The story of Nano's initial distribution is outlined [here](https://blog.nano.org/the-nano-faucet-c99e18ae1202?gi=42bbc5999a06). In total 39% of the initial supply was distributed manually by Collin to anyone who solved CAPTCHA puzzles before the faucet was closed, while the rest was burned by sending to a mathematically unusable burn address. While some funds were explicitly and transparently set aside for future development work, there is no way to prove that Collin didn't secretly siphon off more of the funds to accounts that he controls, disguised as faucet payouts. Analysis of the ledger shows no signs of this (in the sense that all faucet payouts look legitimate), but strictly speaking there is no way to know for sure. **No marketing, no hype** The Nano Foundation are not funding ad campaigns or publicity stunts. Whether this is a con depends on why you care about Nano. If your goal is to make an investment profit in any short or medium timeframe, Nano is probably not the coin for you. The current crypto space is extremely speculatory, with investors playing a meta-game over which coin the other will choose. Personally I believe that, if cryptocurrency adoption really grows, people will eventually settle on the best technology available for the job, which IMO is Nano. However, there is the possibility that cryptocurrency simply never reaches adoption. For instance, the lightning network is currently rising in popularity and adoption because is has the network effect of Bitcoin. It sacrifices some of the properties of cryptocurrency, but most people don't actually care about those properties, so it's entirely possible that a true cryptocurrency is just never adopted. Nano adoption is not a predestined outcome. ___ Disclosure: Nano is the only coin I hold.

i_have_chosen_a_name

Meanwhile Bitcoin Cash has: - Fully EVM compatible, any Dapp that runs on Ethereum or Binance Smart Chain now runs on Bitcoin Cash - Build in compression on the blocks, so a block that is 1 GB big is actually less then 100 kb of data to send on the network. This because blocks can be reconstructed from the mempools so only the information missing needs to be send - has had everything that tapoor included for 2 years now, including schnorr signatures that allow you to make smaller sized tx. For 2 years now a basic tx on BCH is only 172 bytes while on BTC they are still 226 bytes. - Has cash fusion build in to it's wallet and on by default which is the upgraded version of coinjoin, meaning people on BCH have much better privacy and BCH is slowly starting to develop real fungibility, if all BCH are by default continuously mixed with the BCH over everybody else then the whitelisting and blacklisting of sats completely breaks down and the sats become fungible. - Has a second layer that find finality in 6 second and already have a total value lock of about 70 million dollars in two month while it took BTC's second layer 3 years to reach 144 millions - Has added limited smart contract functionality to it's opcodes which allows for oracles. On BCH you can keep your BCH in a hedged container which means if BCH price goes down your container ends up with more BCH in it. These containers can also be used as settlements themselves which makes it easier to make trade agreement without having to worry about volatility - Has decentralised it's development in to 6 separate full node teams. With Bitcoin Core the main full node team got compromised by the CIA after Gavin Andersen went for a talk. To prevent this happening again Bitcoin Cash now has 6 separate full node dev teams.

IBeefSupremeI

Depends what you're working with. If 8GB graphics cards or higher you should mine ETH. If 4-6GB mine ERGO or RVN.

suninabox

>I never stated that I think that there should be no centralized trust. If you can trust someone to honestly upload to a blockchain you can trust them to just manage a private database at 1/1,000,000th of the cost. If you can't trust someone to honestly upload to a blockchain, then it being on a blockchain gives you no advantage in "trustlessness" beyond a public version controlled database that creates a public hash, and a false sense of security that because data is on a blockchain its somehow "trustless". >It may be more economical to do it on a public blockchain due to automating and disintermediating the cross functional process automating and disintermediating are not specific to blockchains. you can't just download a bitcoin node and suddenly have automated or disintermediated anything. Any automating or disintermediating you're doing you can do with a private database, and not have to pay ridiculous $76,000/GB gas fees. Uber heavily disintermediates and automates hiring a taxi, no blockchain required. > It's probably not more economical to create your own private blockchain which is why public blockchain is where businesses will lean to. Huh? I could copy and paste any existing open source public blockchain and run it on a private server for a tiny fraction of the cost its currently run on due to not having to pay off any miners or

speedfire21

ERGO is a very good one and yes Vertcoin is still being developed, check their subreddit, they made a one click miner and forked their mining algo to exclude ASICS, the mining algo is so light that you can mine while gaming and is compatible with older cards with less than 3 GB VRAM. They are still making movements and the community raised a fund to be listed on changelly which resulted well since the coin was listed. Devs and Community still going strong but like every low cap coin it's still a risk.

coinfeeds-bot

tldr; Taking a look at the best mining GPUs and how fast they ROI on ETC. All numbers are based off $0.13/kWh and are conservative numbers, taking into account pools, fees, and silicone lottery. Current DAG size for ETC is 2.781GB and it should stay under 3GB until May of 2022. ETC has 129.5 million coins in circulation with a market cap of $5.1 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

forestball19

Very interesting! - So, the best case scenario for ROI is the RX580 4 GB, with 250 days - but that's assuming you get power for free, and that the wear and tear on all other components is 0 (the latter which might actually be kind of neglegible, but the system will need a cpu+mb+ram combo that will drop in price as time goes by, and that amount needs to be factored into a real budget as well). If going solely by daily profit, we're looking at Geforce 3090 with its $ 3.79 per day, and 659 days ROI.

lya1kais

I like to make things in 3D so thought it could be fun to build a mining rig frame that looked good + didn’t take up heaps of room. My apartment is tiny and if you want to have multiple rigs taking up as little room as possible than something vertical is the best idea. Temps are sweet ~50c on ETH. Runs ~55c on RVN 6x RX580 8GB’s @ 185MH Frame is 2020 T slot aluminum (very cheap in Australia) The rest is 3D printed, so testing new designs is super easy It’s also nice to look at

Harkonnen_Baron

There has been no currency in history of world which has not failed, the longest lasting one is British pound. Its purchasing power measured in silver: 1694 - 1GBP buys 12oz 2021 - 1GB buys 0.05oz You reckon BTC will last becase its digital. Brave chap.

mtrai

Cost is high to just start mining. GPU prices are a bit better but still mostly too high. With that said we both mine and buy. We consider them 2 separate endeavors. When I started mining again last March I already had all the equipment from my extreme gaming/ benchmarking hobbies. So no ROI for us to consider. Mining is not cheap on electricity nor is it something a home small time miner can just set and forget it does take work and know how. I already had 1 vega 64, and 2 5700 XT water cooled. A couple of months ago I managed to snag me a PowerColor Red Devil 6800 XT at 100 below MSRP from Amazon (new) Once again this is for my gaming addiction so we do not consider needing a ROI. I finally moved the Vega 64 and the 2 5700 XT waterblocks and all to their own rack yesterday, mostly done, a couple of water leaks in the process. Just need to finish up the cable management with zip ties. And debloat win 10 on that system now. Once again I am using all PC part I already had. AMD 1700 X, Asus Crosshair Vi Hero Wifi, a 256 GB SSD, 16 GB 3200 ram and a 1000 watt EVGA PSU Gold. No you do not need high end equipment to start mining like I have, but mine is already paid for from another purpose. As to the buying, My partner finally got hired after a year and half on unemployment in his field, that pays very well. I am disabled so on SSDI. We still bought quite a bit during this period. Our buying stopped in August as our on hand reserves were getting low and well jobs are not easy to come by no matter what the news reports. Once we re-establish our on hand reserves we will once again start buying. In September, I sold some of our lesser well known holdings just to be sure we could meet our expenses, these were all mined..yes I am looking at you Ravencoin. Others like Ethereum are for holding unless something dire were to happen. You have to treat it as a business. One thing we both decided is to eat our electrical cost out of pocket, but we did pay 1 month entire electric bill as a reward for our mining success. Between the 2, mining and buying we are up almost 150% to 175% depending on the day. Yes some days it just does not pay to mine buy we continue to do so as we do not know what tomorrow will hold in this market.

SoulMechanic

What does that mean? The protocol has been getting updates regularly. And the smart contracts sidechain SmartBCH just launched less than 2 months ago. For the main chain now the work is mostly just focused on merchant adoption. Testnet has tested blocks up to 1GB but adoption is far from needing that yet. The sidechain is really new so it is focused on DEX's, there's now a Pancake and Uniswap clone for SmartBCH. 90 million is locked up in SmartBCH in a month.

coinfeeds-bot

tldr; The current DAG size for ERGO is 2.080GB and it should stay under 3GB until 2023. Autolykos is the current proof of work algorithm that ERGO uses. With the price of GPUs being so high and Eth 2.0 coming out, it is not worth investing a large amount of money into hardware. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

2blentendre

GPU must be greater than 8GB RAM sadly. I don't believe that most (if not all) 3060 Ti's apply.

emililililily

I'm new to crypto. Can I do any mining on this old computer I have or would it be a waste of time to set up with specs like this assuming free electric: i5 2500, 16GB RAM, 120GB SSD, 2TB HD, GTX 950 What would I mine? Maybe ETH since the graphics card is the least ancient component? HD space probably not enough to bother with the hard drive coins? Useless to even think about with an old piece of crap like this?

coinfeeds-bot

tldr; Umbrel 0.4.4 is now out with Bitcoin Core 22.0, lower disk space usage (freeing up 50GB), 3 new apps in the Umbrel App Store — Node-RED, Krystal Bull and LN Markets. The Electrum server on your Umbrel has been updated to 0.9, due to which it will be unavailable for 12 hours after the update. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; There’s just been a new update major to Thorg (v0.6.0)! Up until today, Thorg hardware requirements have been relatively high, requiring a minimum of 6GB VRAM or more on the user's GPU. This changes today with the introduction of ETC mining. Hardware requirements for ETC are pretty low compared to Ethereum, which Thorg was mining exclusively. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

i_have_chosen_a_name

BCH has built in compression, BTC does not. A 1 GB BCH block can be as small at 30 kilobytes. This allows BCH to have hunderds of times more users then BTC while the fees remain low. This means that eventually you will have billions of BCH users all paying pennies in fees which is collectively more then having 10 thousands BTC users all paying 100 dollars per tx. Long term BCH will offer more security then BTC when the block rewards becomes very tiny. Then people say: but the BCH blockchain will grow so big that it becomes unmanageable, but this is not the case becaus the BCH blockchain can grow at just 4.2 MB a year and still work unlike the BTC blockchain because their devs have removed a mechanism that satoshi designed to keep the chain as small as possible.

cryptolicious501

Only if you're a no coiner who can't afford .20. GTFOOH [www.l2fees.info](https://www.l2fees.info) As for SOL... Read this it's hot off the press... [https://polynya.medium.com/?p=c9aabd6fbb48](https://polynya.medium.com/?p=c9aabd6fbb48) ​ >**You can’t just increase throughput beyond what’s technically possible** Now, the argument here is that — they’ll process more transactions and collect more fees in the future, and the inflation will decrease, and eventually, the networks will break even. *The reality is far more complicated. Firstly, even if we consider Solana’s lowest possible inflation attained at the end of the decade, we’re still looking at a 96% loss. Things are so skewed that it hardly matters — you need to do throughput well beyond what’s possible to break even. As a thought experiment, Solana would need to do 154,000 TPS at the current transaction fee just to break even — which is totally impossible given current hardware and bandwidth.* > > The bigger issue, though, is that those additional transactions don’t come for free — they add greater bandwidth requirements, greater state bloat, and in general, higher system requirements still. *Some would argue further that there’s great headroom already, and they can do much more, but as I covered in the technical scalability section, this is a dubious assumption at best — given you need 128 GB RAM to even keep up with a chain that’s only doing a few hundred TPS.* The other argument is that hardware will become cheaper — true enough, but this is not a magical solution — you will either need to choose higher scale, lower costs, or a balance of the two, and note that zkR will also benefit equally from Moore’s law and Nielsen’s law. > >**Centralized L1s cost way more to maintain than revenues collected** > > Let’s consider our two favourite examples again — Polygon PoS and Solana. Polygon PoS is collecting roughly $50,000/day in transaction fees, or $18M annualized. Meanwhile, it’s distributing well over $400M in inflationary rewards. That’s an incredible net loss of 95%. ***As for Solana, it collected only \~$10K/day for the longest time, but with the speculative mania it has seen a significant increase to \~$100K/day, or $36.5M annualized. Solana is giving out an even more astounding $4B in inflationary rewards, leading to a net loss of 99.2%****. I’ve collected my numbers from Token Terminal and Staking Rewards, and I should note that I’m being very conservative with these numbers — in reality they look even worse. By the way, Ethereum is collecting more fees in a day than both of these networks combined in an entire year!*

cryptolicious501

Im a big fan of VET too but... Centralized chains will be going the way of the dodo... ​ >T**he centralized solution and their hard limits** > > But more centralized networks can start compromising. 1) You don’t need everyone to keep up with the chain, as long as a minimal number of validators do. 2) You don’t need to sync from genesis, just use snapshots and other shortcuts. 3) State expiry is a great solution to this, and will be implemented across most chains; until then, brute force expiry solutions like regenesis can be helpful. By now, you can see that these networks are no longer decentralized, but we don’t care about that for this post — we are only concerned with scalability. > > Of these, 1) is a hard limit, and RAM, CPU, disk I/O and bandwidth are potential bottlenecks for each node, more importantly — keeping a minimal number of nodes in sync across the network means there are hard limits to how far you can push. **Indeed, you can see networks like Solana and Polygon PoS pushing too hard already, despite only processing a few hundred TPS (not counting votes). I went to the website Solana Beach, and it says “Solana Beach is having issues catching up with the Solana blockchain”, with block times mentioned as 0.55s — 43% off the 0.4 second target. You need a minimum of 128 GB to even keep up with the chain, and even 256 GB RAM isn’t enough to sync from genesis — so you need snapshots to make it work.** > > > >This is the 2) compromise, as mentioned above, but we’ll let it pass as we’re solely focused on scalability here. Jameson Lopp did a test on a 32 GB machine — and predictably, it crashed within an hour unable to keep up. Of course, Solana makes for a good example, but this is true of others.

GodlordHerus

# 1. SOL and POH All Alt coins must answer the [BTC trilemma](https://academy.shrimpy.io/post/what-is-the-blockchain-trilemma) of Decentralization, Security and Scalability in a meaningful way to both succeed as a project and alternative to BTC. In the case of SOL its creator Anatoly Yakovenko suggests this is done through [Proof of History ( POH)](https://solana.com/solana-whitepaper.pdf) which regardless of the constant shilling isn't a new type of consensus mechanism similar to Proof of Work (POW) utilized by BTC or Proof of Stake (POS) used by ADA. But rather a [secondary validation mechanism focused on time signatures](https://www.youtube.com/watch?v=kHsP935kWHo&t=4s&ab_channel=Cryptomatics) . SOL itself being a POS crypto By utilizing POH SOL has allegedly achieved [the fastest transaction speeds in crypto](https://www.makeuseof.com/bitcoin-is-slow-what-is-the-fastest-cryptocurrency/), with some estimates putting it 20x - 30x as its competitors. Others claiming speeds of up to 400,000 TPS. These remarkable speeds have yet to be or will be surpassed by other crypto currently or in the near future. Not because POH is a revolutionary idea but because of the nature of the trilemma. You have to sacrifice something to achieve another. This is why EOS failed, ETH 2.0 is still years away and ADA took nearly 6 years for smart contracts. SOL achieved its incredible speed by not sacrificing one aspect. But abandoning the entire concept # 2. Tradeoffs of POH/SOL It is expensive to run a SOL node, how expensive? Based on the [official requirements](https://docs.solana.com/running-validator/validator-reqs) you are looking at a about a kidney and a months rent. Not including the at least 300MB bandwidth ( 1GB recommended) power supply etc... Its a little expensive. Estimated at around USD 5,000 for the machine However while not outright publicly stated the Solana foundations strategy is that [hardware technology will outpace their network adoption](https://solana.blog/seriously-how-fast-can-solana-blockchain-get/) before it becomes an issue. Building a largest plane now hoping in 5 years we will have better jet engines. This may sound logical but its the worst possible way to build a system. As it puts the burden of viability on external factors similar to the recent Cyberpunk 2077 game failing to run on a PS4 compared to the original Doom running on a calculator. One optimized at its time and only becoming easier to run over time; while another built with hopes consumers have the resources to consume the product. This design in SOL has resulted in it eventually having both scalability and decentralization issues similar to EOS if it is widely adopted Then there are the issues around security which is bizarre to say the least. There have been several incidents most notably[13 million coins being discovered](https://medium.com/solana-labs/solana-will-reduce-its-token-supply-to-account-for-market-making-allocation-b8366288acef) outside known supply. [A 6hr outage](https://cryptobriefing.com/solana-turns-back-on-after-six-hour-outage/) due to a known/ un-known error depending on the source. But more importantly to me on terms of security is who is actually running the network # 3. Token Distribution SOL has probably one if not the worst token distribution I have ever seen; which may be directly responsible for its current price action. For a full breakdown of its distribution and supply I suggest reading [This](https://messari.io/asset/solana/profile/launch-and-initial-token-distribution) as this section is mainly an interpretation of the data Out of the 500,000,000 initial SOL supply * 62% is held by the (25%) founders and developers + (37%) investors * 38% was marked for air drops and rewards but this is also held by Solana Foundation in a "Community Reserve" When you see [circulating supply of 296, 000,000 SOL](https://coinmarketcap.com/currencies/solana/) this mainly an estimate that isn't taking into account the reality that only 1.6% of the initial supply was sold to the public. The remaining 98.40% was distributed: * 15.86% to Seed Round Investors * 2.63% Founding Sale Investors * 1.84% " Strategic" Sale Investors * 62% to the Solana Foundation ( split 12.5% team members / 12.5% organization the 38% "community reserve" However note that there was as mentioned an additional 13 Million SOL ( 3%) not recorded that was 2X the total amount sold to the public Currently SOL having [only 1585 accounts holding 80.85% of total SOL supply](https://solanabeach.io/supply) ; The SOL foundation not marking their accounts or team members. FTX is a major [partner of SOL](https://www.fxstreet.com/cryptocurrencies/news/solana-partnership-with-ftx-pushes-sol-price-higher-despite-crypto-market-weakness-202104071526) and may be the holder of 15% of total supply through its ownership and subsidiaries # Conclusion SOL is a hype machine first and a viable sustainable crypto project second. Its price action the result of a very small amount actually being traded on the open market, less than 10% - 2%. While at least 80% is held by investors and the SOL foundation. The current reality being that if it actually had wide spread adoption currently it would either become highly centralized or collapse in on itself. In the Coin Bureau's video I linked up top he says 95% of the SOL circulating supply was released onto the market. But in reality as shown by SOLs distribution schedule it was actually distributed to insiders who as Guy suggests coordinated a Whale HODL which in combination with SOL hype fueled by Moon Boys. Resulted in a massive pump that unfortunately is only being maintained by whales believing they can indefinitely dump on the market in small bursts I have to admit the POH is an interesting concept but it still dependent on POS and if some of the things I've heard are true. Primarily POH validating time stamps after a transaction to increase TPS. It is more of an omission than addition. Similar to how sports cars remove air conditioning units for weight reduction

grndslm

Metadata and "unlimited transactions" don't belong on the Settlement Layer of Digital Gold.... Just 12 years of Bitcoin's "Small Blocks" has amassed a blockchain of nearly 420 GB. If a digital gold is to be "of the people", then blocks must be slow and small.... Or else we'll have a much smaller distribution of nodes. Plus, Cardano is a security, no?

RandomTask100

Old GB78, shootin' up the bitcoin again...... tssk, tssk, tsskarooni

grndslm

Nano requires human input. Not really TRUSTLESS when you're pointing a finger to someone. And we can't trust other people to vote either, because HUMANS are the problem. Taking humans out of the unforgeable string of monetary math that is Bitcoin is what keeps it the "digital gold". Building layers will get you speed. Restricting first layer of definitely going to save on disk space, keeping it more capable of running on more systems = FAIR distribution. 12 years and Bitcoin is about 418 GB right now. Free, unlimited transactions would be unmanageable on ANY home computer. A *fairly* distributed Settlement Layer amongst the people does require a little pay to play action for more than one reason IMO.

koshrf

It is still to big. You are not wrong, but we are not talking about just few images, we are talking about thousand of images that are out there as NFT right now, you would add twice the size of GB of data to the Blockchain just with the current status of NFT. Afaik they are services out there to store this images and link them to the blockchains, I'm just not so much into NFT to have more info about it but I'm quite sure one of the chains offer that kind of service (polkadot perhaps? Or was it algo? I don't remember tbh).

Shake_Global

From Coinmarketcap: "Mina Protocol is a minimal “succinct blockchain” built to curtail computational requirements in order to run DApps more efficiently. Mina has been described as the world’s lightest blockchain since its size is designed to remain constant despite growth in usage. Furthermore, it remains balanced in terms of security and decentralization. The project was rebranded from Coda Protocol to Mina in October 2020. To learn more about this project, check out our deep dive of Mina Protocol. The Mina network has a size of only 22 KB, which is miniscule when compared to Bitcoin’s 300 GB blockchain." Or paraphrased as tiny protocol

thestaggeringgirl

Damnnn... and here I am, having a hard time managing the (5GB worth of) Google Drive of my department at work!!

yersinia_p3st1s

Well the way I do it, since I don't make enough money to buy a hardware wallet, I got myself a 32GB USB, installed Linux in there, and only installed software I need, wallets, browsers etc. I only spin it up once in a few months to move my "heavier" bags and I upgrade the OS and all crypto related software before I use it. I store some passwords on a pass storage software (inside the usb) with a master key and wrote down my seeds on paper, so far, funds are SAFU. I want to say I have a sort of cold/portable wallet because of the USB - the login is also password protected - but I'm still vulnerable to whatever software bugs I encounter or some breach in my internet. You have just reminded me to install a VPN (or Tor) and a firewall as well, don't rmb if I did. Hope that helps!

AnonAmishGnome

The biggest bottleneck is The Umbrel node it is a quick build but takes about 2-3 days to sync with the Bitcoin Core blockchain. That’s using the 8GB ram raspberry pi. After that your pretty much ready to ride the ⚡️

SoulUrgeDestiny

Yeah , my stats: 906,828 trackers and ads blocked, 18.19GB, 12.6 hours time saved ( not sure what that stat is ) It’s a really good browser. It’s the only one I’ve stook with since I got it. I’ve earned a nice bit of BAT too. Only issue it you need an uphold account to withdraw the BAT and idk if there is a workaround .. if there is someone let me know please

TheGreatMuffin

Depending on what you mean by "light node". There are full nodes in pruned mode (they require much less storage space, something like 5-20GB instead of 400GB, but they are still full nodes). It's the same Bitcoin Core software, just started in a "pruned mode". Then there are some SPV wallets which can be described as "light nodes". They check some stuff that a full node also checks, but not everything. Those light nodes can be cheated on by miners in ways that full nodes can't, although I would say this is currently not very likely to happen.

mr7575

GPU Graphic Card Tags: AMD RX, AMD RX 6700, RX 6700, RX 6700 XT, Sapphire Nitro+ AMD RX 6700 XT 12GB

juunhoad

Have you seen the RAM requirements? Fucking 132GB...all other chains require 8-32GB. Insane difference.

cheeruphumanity

Just be aware that with increasing adoption Solana will run into scalability and decentralization problems. Already 128 GB required to run a node. This will reach terabytes if the network would be adopted. Their 17,000 TPS are not enough for mass adoption, that's why they always just mention Visa, a single payment processor. Alipay already peaked beyond 300,000 TPS.

ClaimShot

There is plenty of info online how to mine, you just have to look a bit harder I guess. You will always be using a piece of software to mine, generally based on the algorithm you are processing. Yes you download the blockchain when you run a node, BTC is about 350GB and ETH is a fair bit larger. You could write your own miner I guess, but why? You could just look for an open source miner and change the code as you see fit. You just need to search a bit more though, it's all at your fingertips

webauteur

Ravencoin is a clone of Bitcoin with the added feature of being able to create assets. I amassed quite a bit of RVN when it was stuck at 5 cents for over a month. Since it does not support smart contracts, I don't consider it the future of crypto but it should be good for a modest financial goal of mine. You can easily mine it using a gaming laptop or any GPU with at least 4 GB of video memory.

juunhoad

SOL, the chain with 132GB ram requirement and still broke? Lol.

freeradicalx

*waves to OP painfully from under the weight of a 400GB+ blockchain file*

alin_DFN

There are lots of reasons for running on standardized nodes as opposed to random consumer hardware. For one, the node software includes from the firmware, two OS images (host and guest) and only then the replica node. You'd have to give up on a lot of that if you needed to run on someone's desktop computer. Not to mention the extra amount of work required to just get it rolling. (Which is why this is still technically possible, it's just that no one had the time to spend to build an orders of magnitude slower variant of the IC.) Second, a subnet is only as fast as its 67th percentile, as all the replicas need to execute the exact same transactions in the exact same way and you need 2/3ds of replicas to have consensus. If half a subnet is 64 core servers and half is 6 year old laptops, the best you can hope for is the speed of a 6 year old laptop. Optimistically. Third, in order to participate in consensus a replica needs the full state of the subnet (not the blockchain, just all the canister code and heaps). That can easily be hundreds of GB in size. I know it would take me the better part of a day to download hundreds of GB on my home internet connection. By which point half of those memory heaps would have changed, so I need to start downloading half that again. If someone can just randomly power off their computer (or just knock out the power cable), most of the bandwidth would be used by replicas catching up rather than doing useful work. Fourth, going back to work that's still not done, currently nodes are added and removed via NNS votes. I.e. someone needs to make a proposal and a majority of stake holders (or at least a majority of the 7 people at DFINITY that control the beacon neuron) need to vote on it before it happens. Now imagine that times however often I kick my desktop computer by accident times the hundreds or thousands of anonymous users you would need to get an equivalent level of resilience (not to mention BFT) to 13 servers running in data centers. So you'd need a lot more automation (adding and removing nodes as they go offline) before you could even contemplate building a much slower, much more limited IC. Again, for most of these all that's missing is time and effort. But having taken 5 years to get to where we are, we figured it's saner to just launch on standardized hardware rather than making it run on your phone while it's charging at night. (o:

alin_DFN

You have to give up plenty of speed with the IC too. 2 seconds for a transaction is not exactly snappy. Google's Spanner (not that it's an apples-to-apples comparison) can do a transaction in a fraction of that time. What you do actually give up with the IC (as currently set up) is anonymity. If you want to run a node, you have to identify yourself and get accepted by the NNS. With many other blockchains you can anonymously run a node. But that also means that if Amazon execs wake up one morning wanting to take over the crypto world they can just pile on a couple million servers and do whatever they want. Finally, you'll eventually be able to run ICP on whatever sort of hardware you want to (DFINITY is slowly relinquishing control, wherever it feels like there's enough support for the community to do a decent job by itself; the code will be fully open source, e.g. all under the Apache 2.0 license). Many will be disappointed by the performance and overhead (doing a "state sync" of a few hundred GB on a home internet connection will be a challenge; especially if nodes come online and go offline as they wish). Many already raised a stink when Dom suggested the possibility of Badlands (what you're suggesting, ICP on anonymous nodes). Seems like there's no win.

Latter_Box9967

> …in fact most coders I know still don’t. Isn’t that an interesting and unexpected facet? I’m a programmer since …last century. Of all my colleagues *one* owns cryptocurrency, and even then they are all “Bitcoin has an energy usage problem.” But, you have to understand that most, 80%+, programmers can’t program. They can’t verb their own noun/occupation. I mean the colleague I mention above is “the gun” at his work. Something they want three months and six people to do he will end up arguing in meetings about, and then do over a weekend by himself. The “10x Developer” is very, very real. So yeah, *most* programmers are fucking idiots, at programming. It’s *terrifying* sometimes, because society is built by them. They wouldn’t recognise a fancy [linked list](https://en.m.wikipedia.org/wiki/Linked_list) if they saw one. [cough cough] “Bitcoin transactions are 500GB! 😂” - my team lead.

SandboChang

It is CPU intensive, but depending on how much space you have to fill, the pause can be pretty short: With RAM disk (128 GB RAM needed), you can fill a 16 TB drive within 3 days.

OmsFar

I sometimes make pasta just so I can have GB.

OmsFar

FFS now I want some GB

wabicek

There are indices that it is scam to get personal data and sell it. In May 2021, pi was connected to 17 GB personal data leak (10000 vietnamese identity cards).

qvip_flip

Thanks! It’s an RTX 3080 “Gaming pro 10 GB”, i9-11900F 8-core processor, and 16 gb’s of ram. Quite the step-up from my PS4 and shitty lap-top

tenuousemphasis

1 TB is fine for now. My Umbrel only uses 555.2 GB of the 1 TB drive I have. I built my own using a [Raspberry Pi 4 8GB](https://www.microcenter.com/product/622539/raspberry-pi-4-model-b-8gb-ddr4) ($75) [this case](https://www.argon40.com/argon-one-m-2-case-for-raspberry-pi-4.html) ($45) and a [1 TB m.2 drive](https://www.microcenter.com/product/502946/samsung-860-evo-1tb-ssd-3-bit-mlc-v-nand-sata-iii-6gb-s-m2-2280-internal-solid-state-drive) ($170) for a total of $290, but you could do it cheaper with a different case and a 2.5" SSD.

Scary_Milk

2,5 GHz Quad-Core Intel Core i7 GPU and a NVIDIA GeForce GT 750M 2 GB GDDR5 graphics card

sweetelyseblog

Opacity (Decentralised storage) is a really good bet with a strong team that delivers on roadmap goals. It's currently priced at $0.10 for 1 year of 128GB of storage.

coinfeeds-bot

tldr; Umbrel, an operating system built for running a Bitcoin node, Lightning Network node, and other self-hosted applications on a Raspberry Pi, announced a partnership with Bitcoin node hardware maker The Bitcoin Machines to offer a plug-and-play Umbrel server solution. The server features an aluminum design with a 1.8" display and is powered by a quad-core Raspberry Pi 4 with 8GB RAM, with the option to choose between 1TB and 2TB storage. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

The_proton_life

There’s a free 10GB account if you want to try. For larger accounts it’s 2 OPCT for 128GB and up to 2TB for 32 OPCT. Each payment is for one year of storage. It’s an ERC-20 token that recently created a bridge to MATIC as a way to bypass ETH fees. The tokens will be used for user run nodes and the larger Opacity ecosystem where people can run apps off Opacity.

RedditMadeMeReddit

Sounds like GPU prices will be coming down. I think I'll be selling some of my crypto soon and holding my stacks for when RX 580 4GB cards hit $100 again.

ILikeBlockchains

There's no way 1060 6GB is getting you more than $1 a day after electricity. But still, profitable. 2060 is only only slightly better, will probably see an extra 25-30 cents over the 1060 6gb.

mytwentythredditid

Ethereum. Geth is absolute shit as a piece of software. 4GB Cache? Watch it suck up 12GB of RAM! Oh, and once it sucks up those 12GB, it enters a death-spiral of running the GC so frequently that literally 50% of your CPU time is spent running garbage collection. The projects that try to re-write the protocol in Rust, or C++, or other languages that are actually sane for software of geth's caliber all fail because everyone finds it easier to just rent an AWS instance to run their geth node rather than build the beastly computer it takes to actually run geth and keep it operating. Let me break it down for you. I can run a bitcoin AND monero node off a single spinning hard drive, on a CPU from 2008. They can both sync if the node has been offline for 1+ months, and combined, don't take up > 1TB of disk space. Geth, on the other hand, absolutely will not do anything unless it has an SSD. Moreover, unless your CPU is from 2017 or newer, you're going to have a really hard time syncing much faster than 2 days-per-day. IE: to catch up on a node that's been down for 1 month, it will take you 15 days. Monero and BTC COMBINED can sync in < 2 days. Oh, and the best part? BTC and Monero both play nice on a system with 8GB of RAM that does other things. But Geth? Geth has to be the ONLY thing running, and even then it sucks up 12 of the 16GB, even though its cache is only configured to be 4GB. Seriously. ETH will fail because the language it's written in, combined with the way it is written, is such an unashamed pile of dogshit.

cabebil

When you feel like crying, just look up RAM, battery or flashlight apps ROFLMAO. There are apps that will supposedly add 4 or 8 GB RAM to your phone. Then there are apps that can make your phone charge faster. Then there are apps that will turn your flashlight into a **SUPER BRIGHT** flashlight. It's enough to make a grown man cry for Christ's sake.

AikiYun

FFS Niners! They're just GB Packers!!

ricardotown

Considering how fast internet speeds are (streaming 4k movies is instantaneous now for common households), doesn't it seem possible that 12GB would become trivial before adoption reaches 7billion transactions a day?

consideranon

Storage has never been the biggest concern. Bandwidth and processing power are. Each block has to propagate to the entire network and be validated very quickly for the network to converge on a consistent chain without significant thrashing on orphaned chains. Now, it's probably reasonable to assume that we could handle marginally larger blocks, on the order of single or tens of MBs, especially as bandwidth and processing power continue to get cheaper. But have you ever done the math on how large blocks would need to be to support the 7 billion people on Earth using base layer transactions? If everyone did an average of *just one* transaction per day, you would need **12GB** blocks. Not megabyte, gigabyte. You would need to be able to broadcast 12GBs of data to every node in the network and they would all need to crunch through all that data, validating the cryptographic proofs in much less than 10 minutes. And that's just for the incredibly conservative use case of one transaction per person per day. What if I want to build an application of millions of machines autonomously transacting between each other making a million transactions each per day? The simple fact is that the big block approach alone was NEVER going to scale, and anyone suggesting otherwise was either a technically illiterate fool, or a nefarious actor trying to destroy the project. Higher layer protocols like lightning are the only realistic path forward.

diego_DFN

(**Disclosure**: *I work at DFINITY on the tech side. I generally do not post on* r/CryptoCurrency *because I have precious little to discuss on prices, but I do of course about the reputation of the progress of the Internet Computer. If you want to get a sense of who I am.* [*check out my comment and post history!*](https://np.reddit.com/user/diego_DFN/?sort=top)*)* I frankly disagree that The Internet Computer is a failure. Though of course, I am biased. The markets are wild and I cannot speak to them. I can say a few things that show there is a wide chasm between the *perception of the project in this subreddit* and the *reality within the ICP community*. **Here is what the last 4 months have been since network Genesis:** 1. **Smart contract growth has grown over 20% week over week since genesis**. There are currently almost 10,000 smart contracts deployed in 4 months. This is the kind of developer adoption growth a Y Combinator startup would kill for. 1. https://ic.rocks/charts/canisters 2. https://dashboard.internetcomputer.org 2. The Internet Computer currently processes **22 blocks per second**... (and here is the kicker)... the theoretical limit is *infinite* because it can parallelize computation by adding more subnets which it can do via Chain Key Cryptography. 3. Storage and computation costs are dictated by the network itself and are literally orders of magnitude cheaper than one would expect: https://sdk.dfinity.org/docs/developers-guide/computation-and-storage-costs.html 4. There have been **several high-profile community-wide discussions** and votes that show the ICP community is growing: 1. [Proposal Direct integration with BTC network](https://forum.dfinity.org/t/direct-integration-with-bitcoin/6147?u=diegop) \- this is a project in progress that the community vetted and voted on. You can see the [design proposal](https://dashboard.internetcomputer.org/proposal/20586)l. 2. [increase smart contract memory from 4 GB to 300 GB](https://forum.dfinity.org/t/increased-canister-storage/6148?u=diegop) \- note, 4 GB is already crazy for a smart contract. It would be wild to have an ETH smart contract with even 100 MB. Let alone a GB. 3. [Design for adding threshold ECDSA signature](https://forum.dfinity.org/t/threshold-ecdsa-signatures/6152?u=diegop) 4. Open conversations and design discussions such as this recent one on "[shuffling nodes](https://forum.dfinity.org/t/shuffling-node-memberships-of-subnets-an-exploratory-conversation/7478)" is certainly not a trivial discussion but it certainly is high-quality, respectful, and collaborative. 5. **The Apps!** The apps that are being built in just 4-months are wild! Considering they are totally on-chain. Both backend and front-end: 1. Showcase: [https://dfinity.org/showcase/](https://dfinity.org/showcase/) 2. Example: [open chat](https://cryptomode.com/how-openchat-and-the-internet-computer-are-decentralizing-online-communication/) with 50,000 users. 3. Example: Game entirely running on-chain (both frontend and backend): [https://twitter.com/DfinityToday/status/1441211518972956676?s=20](https://twitter.com/DfinityToday/status/1441211518972956676?s=20) 6. **The dev community** 1. The dev community is extremely active in both the [developer forum](https://forum.dfinity.org/t/shuffling-node-memberships-of-subnets-an-exploratory-conversation/7478/8) and r/dfinity. 2. There is even a Reddit-like web app built entirely on the Internet Computer here: [https://dscvr.one/](https://dscvr.one/) 3. Grant program created. You can see them here: [https://dfinity.org/grants/](https://dfinity.org/grants/) 4. Roadmap is discussed by the community: [https://dfinity.org/roadmap/](https://dfinity.org/roadmap/) 5. Cycles faucet! The community member Fleek built a cycles faucet to help people develop apps: [https://medium.com/dfinity/cycles-faucet-free-cycles-to-build-on-the-internet-computer-789166a95140](https://medium.com/dfinity/cycles-faucet-free-cycles-to-build-on-the-internet-computer-789166a95140) 7. **Showcasing the R&D** (something that has been a struggle, tbh). 1. All technical documentation has been presented here: [https://dfinity.org/howitworks/](https://dfinity.org/howitworks/) 2. Technical AMAs on Reddit. Different teams working on different layers of the Internet Computer have given very rich and technical AMAs: [https://np.reddit.com/r/dfinity/comments/ozboyi/megathread\_technical\_amas/](https://np.reddit.com/r/dfinity/comments/ozboyi/megathread_technical_amas/) 3. Community Conversations: Last few weeks there have been recorded sessions where researchers and engineers talk to the developers in the community: [https://www.youtube.com/c/DFINITY/videos](https://www.youtube.com/c/DFINITY/videos) 8. Governance 1. The Internet Computer is entirely governed on-chain via proposals that the community votes on via liquid democracy (meaning that people can "follow" the votes of other users): [https://dashboard.internetcomputer.org/governance](https://dashboard.internetcomputer.org/governance) &#x200B; Now is the IC perfect? Of course, not. It is, after all, a project.... and the *road is long*. This is a project that spent years researching, building prototypes, testing, throwing things away if they did not work, and ultimately settled on designs and implementation (regardless of the market temperature). I would say the culture within ICP is of "*long-term design-thinking meets iterative improvements*". On the other hand, it is that long-term thinking that has allowed the last 4 months to happen so quickly. Here are some recent examples: &#x200B; 1. Earlier this month the IC had an incident where there was too much usage on the network. Here is the incident report: [https://forum.dfinity.org/t/high-user-traffic-incident-retrospective-thursday-september-2-2021/6928](https://forum.dfinity.org/t/high-user-traffic-incident-retrospective-thursday-september-2-2021/6928) 2. The canister smart contract was open sourced this week. This is certainly slower than I would have liked, and I definitely look at myself on this one. A bit slow here and few others: [https://medium.com/@dfinity/54b2e5e797ad](https://medium.com/@dfinity/54b2e5e797ad) 3. There are still too many folks following a few neurons in the NNS so definitely want to help encourage more leaders to emerge that other people can follow and vote with. (one of those emerging leaders is cycle\_dao: [https://cycledao.xyz/posts/nns-proposal-for-64bit-stable-memory](https://cycledao.xyz/posts/nns-proposal-for-64bit-stable-memory) 4. I am sure I am forgetting more ;) &#x200B; Now, I can already imagine some folks thinking what many folks tell me: "*yeah, that's fine and all, but I do not care about Rust code or papers or videos or developers or smart contracts... if this is all true, I care about the price and people say you are a scam on the internet."* And therein lies the most ironic piece: * \-The DFINITY foundation and the wider ICP community care a lot about the tech. ***Indeed, the tech is all we promote*** because we are (perhaps too purely) a computer science research and development organization. We think as computer scientists and engineers. I was personally (and perhaps foolishly) surprised at the # of crazy conspiracy theories that surfaced about ICP immediately after Genesis. One of the reasons I have been more active in Reddit is to *defuse rather than attack* conspiracy theories and show folks what the real ICP community looks like. In many ways, the foundation is vilified on some social spheres for acting exactly what it says it is: an R&D shop, not a social media agency. But the foundation and the wider community are learning and trying to empower folks. * Just for laughs and to highlight the level of conspiracy theories, they range from *"all the people behind the foundation are fake/actors/etc...*" to "*WEF will track your users*" to "*DFINITY foundation has disappeared and they ran away after Genesis.*" I mean, this stuff is just clearly demonstrably false. They are so wild, most of the time I do not know how to even engage. Again... this is new territory to us. * Now I am not a deep technical analysis guy like this subreddit (I have been dabbling in crypto since 2013, but I only really hodl and stake... I have regretted every BTC and ETH sale I have ever made, so I am not someone who can speak intelligently), but if you are curious on volume or supply, I recommend community-created like these: * [https://ic.rocks/](https://ic.rocks/) * [https://np.reddit.com/r/dfinity/comments/p4b2i8/wen\_icp\_deflationary/](https://np.reddit.com/r/dfinity/comments/p4b2i8/wen_icp_deflationary/) * [https://np.reddit.com/r/dfinity/comments/pi0q8j/staking\_icp\_adds\_significant\_deflationary\_pressure/](https://np.reddit.com/r/dfinity/comments/pi0q8j/staking_icp_adds_significant_deflationary_pressure/) * [https://messari.io/article/an-introduction-to-dfinity-and-the-internet-computer](https://messari.io/article/an-introduction-to-dfinity-and-the-internet-computer) Alas... As always, do your own research.

BushyOreo

Laptop I have/use is HP OMEN - 15.6" Gaming Laptop - Intel Core i7 - 16GB Memory - NVIDIA GeForce RTX 2060 - 512GB SSD + 32GB Optane - Shadow Black

tsumy

With Ada: CPU: Intel or AMD x86 processor min 2 cores at 2GHz or faster Memory: 8GB of RAM Storage: 30 GB Operating system: 64-bit Linux Broadband: 10 Mbps + Is that high? Low? Depends. More than a eth2 node, aprox the same than avax, less than an atom/dot/solana one. In the end if the network has a limitation for 100 validators (dot/Ksm/cosmos) the requeriments increase. Sol is not even pos, but I out it here for the absurd number of the technical requeriments

Logical_Lemming

This got me thinking, what if you wanted to back up the bitcoin blockchain on punch cards? Punch cards weren't typically used to store binary data, but they certainly could be, as in the case of the [IBM 711](https://en.wikipedia.org/wiki/IBM_711) punch card reader, which could read 864 bits off of a standard 80 column, 12 row punch card. So with current blockchain size of approximately 366 GB, we'd need about 3,388,888,890 punch cards. A single IBM 5081 punch card had dimensions of [3/32 in x 7 15/32 in x 3 5/16 in](https://americanhistory.si.edu/collections/search/object/nmah_690505), and I'll assume a density of [0.034 lbs/in^3](https://paperonweb.com/density.htm), so 0.078859 lbs/card. 3,388,888,890 cards * 0.078859 lbs/card = 267,244,389 lbs = 133,622 US tons Now of course no one can be said to "own" the blockchain, but if we think about owning bitcoin as being kind of equivalent to owning a *piece* of the blockchain, you would need to own about 141 bitcoin to account for 1 ton of blockchain stored on punch cards. TOTALLY DOABLE

diomediocre

I would highly advise looking at https://whattomine.com/ to get an idea of what returns you'll get. I don't know ASIC mining well but buying a GPU like a 3080/90 will take 6-12 months to get in the green again simply on current prices, not counting costs of electricity or additional computer parts like PSUs or fans. To profitably mine you'll want cards with 6 or more GB of dedicated memory and the available options for that have been pretty optimally scalped and picked over already (so any card north of a 1060 6gb or 1050ti can reasonably mine most algorithms). Finding good prices and products will be difficult if you're not experienced with second-hand markets or used computer parts. You're gonna need to put in a lot of time or initial funds to get everything up and running well enough to more than break even by the time the most profitable coin to mine ETH changes to a PoS platform supposedly sometime next year, after that there's a number of viable coins but most other miners will divert over making them less viable and tanking PoW coin mining rates and subsequently returns. CPU mining is largely unviable, but ASICS could be a better area to look into? Antminer seems to be the default brand of miner and they're apparently profitable, just a bit more cumbersome to setup and substantially more expensive. Just be sure to look into the mining script they run and which coin you want to mine beforehand. Super hot take but you're already well behind the curve of being able to do this if you don't already have easy access to the parts as the market has been optimized down to profitability in cents.

exaroth

Correct, heres the original, translated announcement https://zfxxgk-ndrc-gov-cn.translate.goog/web/iteminfo.jsp?id=18271&\_x\_tr\_sl=zh-CN&\_x\_tr\_tl=en&\_x\_tr\_hl=en-GB&\_x\_tr\_pto=nui,elem

teejay_bloke

Just a GPU with at least 4 GB of VRAM for full efficiency. You can even use a gaming laptop. A GTX 1060 would get you around 0.06 ($1.05) ergo for the day. Mining software-wise, you just need to add the link to the pool you want to mine for and your wallet/password. [Here's a link to full details](https://ergoplatform.org/en/mining/)

teejay_bloke

I've been mining on my gtx 1060 laptop for months and my laptop completely fine. I get around 0.05 Ergo for a full day and I'd still get paid on pools with 0.1 min pay. That's the beauty of Autolykos v.2, you don't need complicated rigs. Any ordinary person with a GPU with at least 4 GB of VRAM can also mine Ergo and get a reward.

dmadmin

I am exiting between 2850 to 3200GB. next entry is 1300GB to 1400.

roflcyclone

I'm constantly tinkering with computers and building new ones, a lot of times I'll reuse old parts in new builds until they're no longer viable. This hard drive was like, I dunno, an old 100-250GB dinosaur HDD. So eventually I was said "meh, I don't need this POS anymore" and left it in a box at my parents house (where I lived when I first mined BTC) with all my other discarded PC components. I never sold or threw away anything, because I tended to think I might need one of those old POS parts one day for something... Anyway, when I was moving out I left that old box of parts in my bedroom closet. It sat there for a while, a year or two maybe, and one day when I was leaving from dinner with the rents my Dad presented the box to me and asked me if I wanted to take it or if he should give it to Goodwill. I was in a hurry and on my way to meet some friends, I didn't wanna leave it in my car or sift through it at the time, so I said "just take it to Goodwill". It wasn't until \~2017 or so when BTC was going nuts for a second time and everywhere on the news that I showed up at my parents asking about that box, and if he took it or not. He swears to this day that he didn't take it, or doesn't remember doing so. And every once in a while I'll still go out to the shed, rummage through my old bedroom that's become storage since then, or check some random spots in the garage in hopes it shows up. I have this feeling if he didn't take that I wont find it until they move or pass away, and I'm over there going through and cleaning out all their shit. But I consider it lost now. Sucks, but it is what it is.

Bruggok

Same thing if we talk about GB downloaded. Your friend’s internet provider is not going to let him download more GB than what he paid for, just because you did something at your home, unless if that company was paid more money by someone. This makes no sense.

Rokaorre

Yes, Coin Hunt Wordl. It is just in USA, GB and Canada or New Zeland. Will it be in other countries?

ayodasjago

I’ll remember this comment sir. GB to you.

biketourthrowaway

1. Bitcoin - if you aren't already rich from BTC you never will be 2. Ethereum - everyone is coming to eat their lunch 3. Cardano - how do you take years to launch smart contracts without any ready to go on testnet? 4. Binance Coin - centralized Ethereum clone with no plan for scaling 5. XRP - token not needed 6. Solana - 256GB RAM minimum. 7. Polkadot - parachain slots determined by who can offer biggest bribe. 8. Dogecoin - lol 9. Terra - enjoy the stablecoin crackdown 10. Avalanche - really hoping Ethereum's scaling solutions fail

redoctober451

GB the new Safemoon?

GranPino

Hardware requirements are a barrier for decentralization, which has overcome by Solana, which has more nodes than most other chains. So I don't care if a chain has very low hardware req if they only have 21 nodes. And no, not only data centers can. I have been toying myself with getting a node and it's about 5k€ investment and I can install it in my house (i can upgrade to 300 GB fiber for 20 additional euros). It's still much cheaper than a ETH PoS validation node that requires 100k€ investment (32 ETH)

cheeruphumanity

It's not about the number of nodes. It's about the hardware requirements. Node minimum specs already went up to 128 GB RAM (suggested 256GB) this will further increase with increasing adoption. Only datacenters or rich people will be able to run nodes with terabytes of RAM. That's not really decentralized in my book.

i_have_chosen_a_name

This was a copy paste from a brain surgeon who is also a Bitcoin miner, it is 3 years old. Everything has been implemented on Bitcoin Cash. If tomorrow the dollar crashes to zero and people need a money alternative, BCH can handle 1 GB blocks while anybody with a gaming computer can still run a full node This is nothing special, Satoshi knew exactly how to achieve p2p money for the masses that is through decentralisation robust enought to survive a take down by the elite. So the elite since 2015 started lying to you through propaganda and today most people believe if Bitcoin scales it will stop being decentralised. At the same time these people push custodial ln solutions where people do not have the same control as peer to peer money. The elite are terrified that we stop using the money they control, so they hijacked Bitcoin early on. But us OG Bitcoiners we regrouped and we will survive all the propaganda and we will have free peer to peer money for the masses. Why? Because electronic peer to peer cash is an idea. And ideas are bullet proof.

igadjeed

> Does the node have the full UTXO set in RAM Given that you're bloating the blockchain by 144GB per day, a $1000 PC will not have enough RAM for the full UTXO set. Bitcoin's current UTXO set needs about 24GB for the full uncompressed UTXO set RAM footprint is the main issue which justifies the current block size. A node doesn't need the entire UTXO set. The caching work implemented over the years has optimized block processing by storing the mempool and current block in RAM. Also, it is known that most UTXOs have short lives, are spent quickly. So an optimum use of RAM would include 3-5 recent days of UTXOs and retrieve any older UTXOs from HDD or SSD But all that is moot. It's common knowledge that block propagation in Bitcoin takes about 43 seconds. Given that nodes are multiply connected, there are hundreds, and then thousands of nodes processing in parallel. The network connectivity means that there are about 7 propagation steps from mining to full propagation - therefore 6 seconds is the current time for verifying a 1MB block. You're proposing to increase this to 6000 seconds. Big fail

lilbugpal

>With graphene, a typical 1 GB block can be encoded in about 20 kB This is ABSOLUTELY ABSURD. I do not believe this for a second. Please explain to me how 1GB of data is being compressed by 99.999998%

ztky

gimme ur logins, i will check it for u on desktop! and never never never login to strange wifis! they can steal everything fron u! use a second new smartphone/handy for crypto only! buy an GB package for holidays.. if really needed! spend please some $ for ur 80k ! and for last, do me a fav and buy a cold wallet! so i go to sleep now, but my mind will be with u peace out!

Wynslo

Was making humor about the ~60 to run 1GB

liav8

so I just look plan to get a 20$ 128 ssd sata 3 (Silicon Power 128GB SSD 3D NAND A55 SLC Cache Performance Boost SATA III 2.5" 7mm (0.28")) with the motherboard H110 Pro BTC+ it should be fine isn't it?