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Why don’t people run Bitcoin nodes anymore?
- jethro_tell 12y agoBecause people can't take the loss on electricity/ waiting too long for specialized mining asics to show up used. It's not something, that you just throw a couple minutes at here and there and then you break even. There's a shit ton of work and calculation that goes into just paying for power and gear. You have to really love it.
- jimsmart 12y agoBecause the difficulty of the calculation increases as more are mined, therefore to mine the remaining Bitcoins it will cost a ridiculously ludicrous amount of resources (i.e. electricity for the processing power). So: game-over for all the small players since a while back. Further details in these articles: http://www.coindesk.com/microscope-economic-environmental-costs-bitcoin-mining/ http://www.coindesk.com/microscope-economic-environmental-co... http://qz.com/316898/the-gold-rush-days-of-bitcoin-mining-are-over-and-not-because-of-the-price/ http://qz.com/316898/the-gold-rush-days-of-bitcoin-mining-ar...
- mukyu 12y agoWhat purpose does having 10000 reachable nodes serve? You don't need that many to make sure any client can retrieve the blockchain and can easily forward transactions. You don't even need to do any mining yourself to be included in this list. If I were to speculate this number has more to do with people using online wallets or places like coinbase rather than running the client themselves.