COINPRICES
TAP
H75pkfx
The BitLicense Hurts New York, Not Bitcoin

A Solution To Bitcoin’s Governance Problem (Decentralized & Open Source)
| techcrunch.com
Controlling your own wealth as a basic human right
| blog.coinbase.com
Bitcoin Price Soars, Fueled by Speculation and Global Currency Turmoil
| www.nytimes.com
Coinbase CoFounder Brian Armstrong: Completing our transition to becoming a digital currency company (not just a Bitcoin company)
| blog.coinbase.com
Bitcoin Has Trounced the Dow This Year, 124% to 14%
| www.wsj.com
Forget about Dow 20K: Bitcoin's about to hit $1,000
| www.cnbc.com
Bitcoin Investors Should Send A Thank You Note To India's Modi And Venezuela's Maduro
| www.forbes.com
Bitcoin And The Cashless Future
| www.forbes.com
BitGo instant, the on-chain solution for instant bitcoin commerce surpasses 10,000 BTC transacted per week, equivalent to $7M USD
| blog.bitgo.com
Bitcoin predicted to rise 165% to $2,000 in 2017 driven by Trump’s ‘spending binge’ and dollar rally
| www.cnbc.com
You have $1M to invest across bitcoin and ether. You cannot touch your investment for the next 5 years. How much of that $1M do you invest in each?
| blog.kraken.com
Someone Accessed Silk Road Operator’s Account While Ross Ulbricht Was in Jail
| motherboard.vice.com
IRS Requests Bitcoin Buyer Records in Broad Tax Evasion Case
| fortune.com
ZCash: The Untrusted Setup
| weuse.cash
ZCash is fundamentally insecure due to 'trusted setup'
| blog.okturtles.com
An American Fraudster : The Dirge of Christopher David, CEO of Arcade City
| medium.com
Five Reasons the Winklevoss Bitcoin ETF Should Be Approved
| www.bloomberg.com
Tuur Demeester: The Big Ethereum Short
| cointimes.tech
Winklevoss Brothers Choose State Street to Help Launch Bitcoin ETF
| www.wsj.com
LenderBot by Deloitte and Stratumn to bring insurance to the sharing economy using Bitcoin’s block chain
| bravenewcoin.com
A new NYSE-traded Bitcoin ETF is about to give the Winklevoss Bitcoin Trust a run for its money.
| coincenter.org
Ethereum's DAO Soft Fork is a Potential DoS Vector
| hackingdistributed.com
Ethereum is Doomed
| nakamotoinstitute.org
Bitcoin Surges to Two-Year High as Supply Seen Shrinking in July
| www.bloomberg.com
VIDEO: Winklevoss Twins: Bitcoin is Better Than Gold as Hedge
| www.bloomberg.com
Blockchain open sources Thunder network, paving the way for instant bitcoin transactions
| techcrunch.com
The Cryptographically Provable Con Man (Craig Wright is not Satoshi)
| dankaminsky.com
Australian Entrepreneur Says He Created Bitcoin, but Doubts Persist
| www.nytimes.com
Craig Wright revealed as Bitcoin creator Satoshi Nakamoto
| www.bbc.com
BitStamp Receives License to Operate in 28 EU Countries
| www.wired.com
Looting of the Fox: The Story of Sabotage at ShapeShift
| news.bitcoin.com

Help Support the Bitcoin Network: The Simple Guide to Running a Full Node

MATT ODELL  •  LAST UPDATED: MAR 07, 2015

What is the purpose of Full Nodes? According to Bitcoin core developer Pieter Wuille:

  • Full nodes provide lookup of historic blocks, which is necessary for new nodes synchronizing.

  • Full nodes provide filtered transaction lookup for SPV clients, which is necessary for those clients to function.

  • Full nodes validate blocks and transactions, and relay them.

Jameson Lopp wrote an interesting piece on the importance of Full Nodes here.

Coindesk wrote their own piece on the subject that can be found here.

You can explore current Full Nodes here.

Unlike with mining, you do not earn any money for operating a Full Node. The only benefit you get is that warm fuzzy feeling that you are helping to support the Bitcoin Network. That being said, if you own any bitcoin or run a Bitcoin based business, you do indirectly benefit from a stronger and more robust network .


The Simple Guide to Running a Full Node

1) First you need a computer or server that can be kept online as much as possible. This computer needs to have at least 30GB of free space. Over time it will need more space as the blockchain grows in size. (May be worth it to purchase a cheap external hard drive)

2) It should also have a fast and reliable internet connection that does not have any usage caps/limits. (Our Full Nodes average about 3-4GB worth of uploads every 24 hours)

3) Install the Bitcoin Core Software.

4) Wait for historical data to download. Bitcoin Core initial sync can take 3-10 hours on first startup.

5) After the download is complete, scroll over the signal bars on the bottom right hand corner of the Bitcoin Core window. It will tell you how many connections you have. If you have more than 8 connections, then everything is working great. If you have 8 or less connections, you need to sign into your router's software and forward port 8333.

Active Connections

Note for Mac/OSX users:

One of our users noticed that when running a node on OSX (10.9.3) the ping time goes through the roof whenever the user account is 'locked' or the screensaver comes on, going up to about 10 seconds. He attributes this to the machine going into some sort of low power mode. The problem is that it isn't obvious at all to the casual node runner. Setting the display sleep to 'never' solved this problem and the latency is now below 100ms.


Running a Node on a Raspberry Pi 2

The Raspberry Pi 2 is a low cost and low power Linux computer that only costs $35. For this reason, the RPi2 makes a great full node for those with uncapped home internet connections.

The Bit-Post wrote a great step by step guide that can be found here: http://bit-post.com/featured/running-bitcoincore-0-10-on-a-raspberry-pi-2-4419



Need more Details?

The Bitcoin.org in-depth guide to running a Full Node can be found here. It is more complicated than this guide but is a great resource if for some reason something isn't working after you follow our guide.


Sound too Complicated?

If you still want to help support the network, but the above steps are too complicated, you can help crowdfund Bitcoin Full Nodes at http://fullnode.co/. Every time that $20 worth of bitcoin is donated, a new full node is automatically setup on a dedicated server and runs for a month. It is a non-profit and open-source project.


We do not serve ads. Tips are always appreciated: 18wJZi9JLA5xBB6xe93PKtexzZjmZc6wb6


DISCLAIMER
CoinPrices and the author of this post are not affiliated with any products, events, companies, or any other entity covered in this piece. This post does not constitute an endorsement or guarantee of the listed products in any way. This post and any comments written by the author should not be considered financial advice. It is merely intended to provide information to users.
DISCUSSION