With the Bitcoin total node program, SuchFlex is looking to vantage its user base, which numbers inward the thousands, for helping the Bitcoin network dice to a greater extent than resilient in addition to robust. While the vantage machinery isn’t activated yet, SuchFlex users who are running a detail sort of node volition survive incentivised inward the close future:
“By running a Bitcoin Full-Node, y'all permit Bitcoin to hold to grow. In the coming weeks, Suchflex volition add together the mightiness to “tip” or donate to farther incentivize volunteers to run Full-Nodes.”
Bitcoin miners are rewarded handsomely for securing the network, however, Bitcoin’s blockchain was non designed amongst a built-in vantage machinery for total node operators. It was assumed that volunteers, techies in addition to enthusiasts would survive doing this, in addition to they have, simply additional total nodes are needed.
According to information gathered past times Bitnodes, on March 14, 2016, at that topographic point were nigh 8095 nodes on the Bitcoin network, today, at that topographic point are exclusively nigh 5435 nodes!! While Bitcoin’s hashrate has been growing at a steady footstep this year, the amount of nodes on the network has not!
The other effect is the concentration of nodes inward certainly geographical areas. Bitnodes metrics present that over the terminal 24h; 27.95 per centum of nodes are located inward the US; 17.17 per centum are inward Germany; 8.3 per centum are situated inward France, amongst the Netherlands, Canada in addition to United Kingdom of Great Britain in addition to Northern Ireland housing 14.55 per centum of all nodes. Interestingly, China, where to a greater extent than or less of the biggest Bitcoin mining pools are domiciled due to depression mightiness costs, seems to exclusively conduct hold 183 nodes (3.37% of all nodes)!
SuchFlex’s total node incentive program, if successful, has the potential to non exclusively boost the amount of nodes, simply may likewise solve the geographical distribution problem.
The SuchFlex app likewise allows users to turn a profit from their hardware past times mining diverse digital currencies (Storj, Digibyte) amongst their GPUs, difficult drives in addition to processors. The app had a really user-friendly GUI in addition to takes out much of the technical complexity associated amongst the configuration of crypto-currency mining software.
Users tin terminate fifty-fifty betoken their resources to Boinc scientific discipline projects in addition to the SuchFlex app volition mine Gridcoin inward the background - a digital currency minted via Boinc scientific computations - in addition to distribute the rewards at the cease of the calendar week inward dollars, Bitcoin or PayPal.
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