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There is a new all time high in number of Bitcoin nodes running
- danuker 4y agoWow, so many hidden nodes. A majority in fact. I wonder if it's due to Chinese mining? Looks like the hash rate grew similarly since July last year: https://www.blockchain.com/charts/hash-rate https://www.blockchain.com/charts/hash-rate The "Unknown" category is the largest one, but fortunately it doesn't have majority yet. If it does gain majority, a single actor might control the mining (but hopefully clients warn of this). https://www.blockchain.com/charts/pools https://www.blockchain.com/charts/pools
- wmf 4y agoObligatory reminder that most of these nodes don't do anything. They don't produce blocks and they have no economic weight.
- WheelsAtLarge 4y agoAre they old miners that don't have the calculating power?
- wmf 4y agoMiners and nodes are separate; most nodes are wallets or archives that aren't attempting to mine.
- WheelsAtLarge 4y agoNew info. for me. Thx!
- neb_b 4y agoThey verify transactions and are important to the network
- wmf 4y agoNot really and no.
- andirk 4y agoI thought every node accepts or rejects blocks. Doesnt add to the computational mining difficulty but doesnt it add its 2 cents to the consensus of which chain is longest/best?
- wmf 4y agoThat's a common myth. If your non-mining non-economic node rejects a block... nothing happens. You have zero authority. Even if all the loser nodes worked together nothing would happen.
- andirk 4y agoOK but what if my non-mining non-economic node accepts a block? Doesn't that add a vote for that block? As opposed to a block rejection isn't a no vote; it's nothing.