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From the blog

Bitseed Weekly Broadcast, Issue #4

Welcome to Issue #4 of the Weekly Broadcast, a weekly newsletter published by the Bitseed team to share important news for Bitcoin full node operators. We’ll be covering the latest in Bitcoin development, full node news, community events, and experimental projects that node operators may find of interest. If you have any news tips or insights you’d like us to share in a future edition of the Weekly Broadcast, send us a message and we’ll credit you if your submission is published. Here’s the latest:

Bitseed Lite edition now available

Earlier this week, we added a new item to the Bitseed shop: Bitseed Lite, a slimmed down version of our popular Bitseed Core plug-and-play Bitcoin full node. Bitseed Lite differs from the standard Bitseed Core node in three important ways:

  • Bitseed Lite only stores one copy of the blockchain. Unlike Bitseed Core, which stores a working copy of the blockchain and a full backup in case of database corruption, Bitseed Lite only stores one full working copy of the blockchain. The benefit is that the hard drive will last twice as long. The downside is that if there’s a database corruption issue, the device will have to re-download the full blockchain, which could take a couple of weeks on Bitseed’s hardware.
  • Bitseed Lite has a smaller 120 GB hard drive. Since Bitseed Lite only stores one copy of the blockchain, it doesn’t need as large of a hard drive to last just as long as the standard Bitseed Core. We learned early on that two copies of the blockchain plus a full transaction index will fill up 120 GB pretty fast, which is why Bitseed Core now comes standard with a 320 GB HDD.
  • Bitseed Lite costs just $129. Since Bitseed Lite has a smaller hard drive, it comes with a smaller price tag. After forwarding port 8333 via manual configuration or UPnP, Bitseed Lite supports the Bitcoin network just as well as any of our other full node products by helping to relay blocks and transactions and storing a full copy of the Bitcoin blockchain.

Reference:

https://bitseed.org/product/bitseed-lite/

New Bitseed Core hard drive option available

With blocks consistently filling up and the Bitcoin developer community actively discussing options for increasing the block size limit, the size of the blockchain is growing and will continue to grow at a faster rate than ever before. In response to this growing demand for space in the blockchain, we now offer a 1 TB HDD option for Bitseed Core. This hard drive will store about three times as much data as the 320 GB HDD on the standard Bitseed Core. If you have a Bitseed with a smaller hard drive and would like an upgrade, please send us a message letting us know your Bitseed’s serial number (S/N found on the documentation included with your Bitseed) and the size of the hard drive you want to upgrade to (320 GB or 1 TB) and we’ll work out a trade-in deal with you based on your current hardware.

Reference:

https://bitseed.org/product/core/

https://twitter.com/lightcoin/status/662313681615589376

https://scalingbitcoin.org/montreal2015#presentations

Bitseed Now Available on the Purse Marketplace

For a limited time, Bitseed Lite and Bitseed Core will be available at a 5% discount on the Purse marketplace. Purse is a bitcoin-only discount marketplace, most famous for their “name your discount” Amazon deals. They’ve recently launched their own marketplace and Bitseed is excited to join several other Bitcoin hardware companies offering savings to bitcoin-spending customers. If you don’t have an account already, sign up for Purse today and check out what they have to offer – including their Bitseed selection 😉

Reference

https://purse.io

Weekly Bitcoin Core development IRC meetings

The Bitcoin Core development team has a weekly meeting on IRC to discuss code-related developments. Reddit user G1lius has been doing a great job keeping the community informed about these discussions by writing up a weekly summary from a layman’s perspective.

Of interest to node operators:

  • To prevent nodes from being knocked offline by transaction flooding, Bitcoin developers are working on code that will reject transactions or remove transactions from the mempool. Still to be determined is how wallets will deal with cases where its transactions are rejected from the mempool.

You can see G1lius’ full notes from last week’s Bitcoin dev IRC meeting here:

https://www.reddit.com/r/Bitcoin/comments/3tyfaa/bitcoin_dev_irc_meeting_in_laymans_terms_20151119/

The full schedule of IRC meetings can be found here:

https://www.google.com/calendar/embed?src=MTFwcXZkZ3BkOTlubGliZjliYTg2MXZ1OHNAZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

Reference:

http://www.coindesk.com/bitcoin-node-numbers-fall-after-spam-transaction-attack/

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-November/011713.html

http://bitcoin-development.narkive.com/lp1B1YIs/weekly-development-meetings-on-irc-schedule

Scaling Bitcoin Phase II – Hong Kong

Phase II of the Scaling Bitcoin Workshop series is coming up in just over one week, on December 6 – 7. According to the Scaling Bitcoin website,

“The purpose of this workshop is to present and review actual proposals for scaling Bitcoin against the requirements gathered in Phase 1. Multiple competing proposals will be presented, with experimental data, and compared against each other. The goal is to raise awareness of scalability issues and build a pathway toward consensus for increasing Bitcoin’s transaction processing capacity or, barring that, identify key areas of further required research and next steps for moving forward.”

Student discounts are still available at the time of this writing.

Reference:

https://scalingbitcoin.org/hongkong2015/#workshop

https://scalingbitcoin.org/montreal2015#presentations

https://www.youtube.com/channel/UCmwaDulmQtX-H8FOSQTKqMg/videos

That’s it for today’s Weekly Broadcast! Subscribe to the Bitseed mailing list to get notified when we publish next week’s Broadcast, along with other important Bitseed announcements.