Running Terabyte Blocks are expensive!

I don’t mind big blocks. Big blocks are a really quick way to increase the amount of transactions online.  However as you will read, the bigger the block-the more expensive it is to run a full node.

However you might be asking why is a full node important. Well see this video: 

 

None of the bitcoin community is against a big block increase. The problem is why worry about big blocks when a big block increase has already been added to bitcoin! Once segwit has 90% reached and fees are once again higher along with the LN not being full mass used yet can the question of big blocks come to mind. Plus bech32-an updated segwit makes segwit have a 20% more capacity. And that not even reached yet. After segwit bech32 has reached 90% usage can the question of big blocks fully come. Along with the fact you don’t need to increase the block size to scale on chain txs. Schoor,Mast and few others also scale onchain tx.(Will link it here when the posts come out-Who knows by the time you are reading it I already linked it).

I estimate 10 mb block max will be needed in the future so the LN can be even cheaper and reach full mass adoption!

So if you don’t know, unlike bitcoin; bitcoin cash scaling solution involves bigger blocks everything down to the coffee will be on chain. Bitcoin cash plans on going to 1TB blocks. That right 1TB per block which mean the bitcoin cash chain will grow 1TB every 10 minutes. That would mean that they will be 52560 blocks in a year. Bitcoin cash every year will grow 52560 tb every year.

So how many tps(transaction per second) does 1 TB give assuming 10 minute blocktime(it will have to be 10 minutes syncing 1TB with 1 minute blocks will be nightmares)?

A measly 6 million tps. The LN can do billions tps!!!

You know how much1 tb blocks would cost ie how much node would cost to run?

The price tag comes at $25.6 million per node to handle seven million transactions per second in 2 decades.
That just seems sad…..

If Nodes only count the UTXO set. Bringing the number down to $4 million.
So not only will the chain give up decentralization for some speed and it cost 4 mill!!!

So if the is node extremely pruned, it costs 50K for 6-7 mill tps.

I don’t know what to say! Bitcoin cash node count will be extremely low.

What I do respect form the BCH dev was that he did give a reason why running big blocks might be ok.

Two years ago, a lab in Netherlands managed to have a 1 kilometer 255 terabytes per second of a single strand of optical glass fibre.

But you would need to buy the device and we know how Asic are doing. Totally easy to get! 😉

 

So you would need to buy a device to run it. Ok then. So you know you can buy a $80 one time plug and go node?

Here the site link: https://lightning.farm/

And there is also a phone coming out with LN defaulted added:

 

So it even cheaper and the best part is the that device is coming out this year, unlike the TBcard one that not even fully made yet. And then it going to have to modified to be used in a node. So….

1tb blocks will not work on “free nodes”. Coins with masternodes could pull off this huge block increase. And even then LN can do even better!

Sources: So it even cheaper and the best part is the that device is coming out this year, unlike the tb card one that not even fully made yet. And then it going to have to modified to be used in a node. So….

1tb blocks will not work on “free nodes”. Coins with masternodes could pull off this huge block increase. And even then LN can do even better!

Sources:

https://steemit.com/crypto/@sames/how-much-money-do-you-need-to-run-terabyte-blocks

https://www.trustnodes(dot)com/2018/03/27/terabyte-blocks-bitcoin-cash-conference-dissenters

And me 🙂

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