All About BTC, LTC, ETH mining as well as other alternative crypto currencies
Raspnode is a project created to help people get Bitcoin, Litecoin, and Ethereum nodes, wallets, and related cryptocurrency software on their Raspberry Pi 2 micro computers. Raspnode was launched last year as a Kickstarter project, but now the project’s website also contains detailed guides on how to run a full node for Bitcoin, Litecoin, and Ethereum. Since Bitcoin and Litecoin are already “old news” you might be more interested in how to setup a RPi 2 system with a full Ethereum node using the Go Ethereum client (geth) or Python Ethereum client (PyEthApp). The guides are comprehensive and detailed enough, so that they should be easy to understand and be followed by not so advanced users, so you might want to give them a go if you have an unused Raspberry Pi 2 lying around.
The Bitcoin Blocksize debate has been going on for quite some time already with different opinions on how it should be increased from the current limit of 1 MB, one thing is clear however in all the discussions – we must increase the Blocksize in order to accommodate the increasing number of transactions. Looking at the average BTC Blocksize we are already seeing that at peak periods with more transactions we are easily hitting 0.8 MB with 500-700 KB seeming quite normal sizes for blocks in the last few months, so we are looking at 1 MB Blocksize to become too small pretty soon and we need a solution for that problem fast in order to avoid possible issues with the Bitcoin network. While there might not be a consensus on how the Blocksize should grow in the future and what should the Blocksize change over time, we need to increase the limit now.
Doubling the Bitcoin Blocksize to 2 MB with a hard fork what the Bitcoin Classic project has as a goal is something that can be the immediate solution that we need, but still this will not be enough for the long term future of BTC. Increasing the Blocksize to 2 MB is the short term solution that could allow the Bitcoin network to continue growing and functioning normally while we figure out what should the next step be in order to ensure the future of Bitcoin. Bitcoin Classic is already supported by major developers, many of the large mining operators, mining hardware makers and Bitcoin-oriented companies. The project has not yet made a release, but the source code is available on GitHub, so you might want to keep a track on how things are developing.
The size of the Bitcoin Blockchain data files continues to rise rapidly hitting 60 GB already, up with 10 Gigabytes for a bit less than three and a half months when it was just about 50GB and up with about 20 GB for the last about 7 months and most likely doubling in size in the last 1 year. The increase in size is to be expected with more transactions happening on the Blockchain as more users are getting interested in Bitcoin and the continuing adoption of the crypto currency by more users. The big size of the complete Bitcoin Blockchain data however is already a bit of a problem for some users that don’t have that much free space on their computer and want to run the Bitcoin Core wallet with the full local copy of Blockchain or people that want to be providing a Full Bitcoin Node. If the trend remains the same we are looking at about 120 GB or more n terms of size for the BTC Blockchain in just about a year, so there is something to think about…