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I find it interesting that the current value of all mined Bitcoins is currently about $5.4B, per http://blockchain.info/charts/market-cap http://blockchain.info
by gojomo 13y ago
I find it interesting that the current value of all mined Bitcoins is currently about $5.4B, per http://blockchain.info/charts/market-cap http://blockchain.info/charts/market-cap. (I've seen this value described as "one Nakamoto".)
And, the number of full peer nodes is about 130,000 – per the network scan done by http://getaddr.bitnodes.io/ http://getaddr.bitnodes.io/.
To an extent, the total value is an emergent property of all the nodes together. But for grins we could distribute the value over them equally, to discover each node's pro-rata contribution to the total value.
That number, $5.4B/130K, is $41,538/node.
So, fire up Bitcoin-QT! It's free open-source software that'll use about 15GB of your hard drive space (<$2) and suck up some fraction of your cycles. Even if your wallet is empty, your peer instance will be backing over $40K of Bitcoin market capitalization!
- sliverstorm 13y agouse about 15GB of your hard drive space (<$2) My 64GB SSD disagrees with this proposition :(
- Aldo_MX 13y agoI find surprising the fact that you say it uses about 15Gb, 6 months ago it used around 10Gb and at this point I can imagine that around 2016 it will need around 100Gb and the number will keep increasing...
- gizmo686 13y agoBitcoin was designed with a pruning ability, which can delete unnecessary data from a local copy of the blockchain. Based on the Bitcoin website [1] the blockchain as of 2012 is less than 100mb when pruned. [1]https://en.bitcoin.it/wiki/Scalability https://en.bitcoin.it/wiki/Scalability
- nwh 13y agoThe cap on the block size means it'll increase at a maximum per year, I think it's something like 60GB if every block is filled to the brim.