Supporting the Network

in bitcoin •  7 years ago  (edited)

Supporting the Network

With many things, there is strength in numbers. The Bitcoin network is no exception.

Indeed, its strength depends directly on numbers.

Specifically, the number of active Bitcoin nodes that support the network.

A recent tweet from Jameson Lopp reminded me that the Bitcoin full node I'd set up a few months ago to support the network was no longer running.

https://twitter.com/lopp/status/956276504366903296

So, after making sure I was running the latest version, I fired up the node.

Supporting the Network screenshot
It's been offline for about 9 weeks now, so, it's taking a little time to catch up. Just about there, though.

I'm running this node on one of my Monero mining boxes, so, I expect that the mining hash rate will suffer a little. No matter. I figure it's better to contribute to the Bitcoin network than worry about a few H/s, right?

This one of the nice things about the technical nature of decentralised, blockchain-based cryptocurrencies: the incentive to do the right thing is baked in!

Regardless of whether the motivation is selfish or altruistic, the end result is that the network gains support and grows stronger.

Do you run a node?

What is your motivation for doing so?

 

(Photo by NASA on Unsplash)

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That's really cool.

Thanks!

lopp Jameson Lopp tweeted @ 24 Jan 2018 - 21:24 UTC

If there are 10K listening Bitcoin nodes & 100K non-listening nodes online then there are ~280K sockets available.… twitter.com/i/web/status/9…

Disclaimer: I am just a bot trying to be helpful.