The Bitcoin network is only as strong as the number of people supporting it. In order to relay Bitcoin transactions in a fast and convenient way, we need a ton of Bitcoin nodes which can relay and broadcast these transactions. However, there is no real incentive to run one of these nodes except for supporting the Bitcoin network itself. Bitseed is looking to change that, in a way.
Plug-and-play Bitcoin Nodes
Let’s be perfectly honest for a minute, setting up a Bitcoin node is not an easy task if you are not tech-savvy. In fact, it can prove to be quite a hassle which may scare off novice Bitcoin users, as they feel they are in “way over their head”. And that is partially true, so we need to come up with a better solution for adding more nodes to the Bitcoin network.
By creating a Bitcoin node that is pretty much “plug-and-play,” Bitseed may have tackled one of the most pressing issues regarding the Bitcoin network stability. With threats of a 51% attack still looming on the horizon – despite Bitcoin [cloud] mining being far from profitable for quite some time now – it never hurts to add some additional layers of protection, just to err on the side of caution.
So what has Bitseed packaged into this Bitcoin node you wonder? A pre-configured system is running the full Bitcoin Core client [with its blockchain exceeding 26GB in storage page at the time of publication] which consumes approximately 10W of electricity. Needless to say, these plug-and-play Bitcoin nodes are far more energy efficient compared to running the Bitcoin Core client on a computer.
Furthermore, due to the continual increase of the Bitcoin blockchain, it has become nearly impossible to run a Bitcoin node on an old laptop or mobile device. Luckily for us Bitcoin enthusiasts, there are plenty of storage solutions available at a very affordable price. Even though the Bitseed Personal Server – Bitcoin Edition is priced relatively cheap, it could be made a lot cheaper in my opinion.
Raspberry Pi 2B + Old Hard Drive = US$149?
If you take a closer look at the product image – which you can find here – you can see this appears to be a modified case of a Raspberry Pi 2B – which was recently released- and costs US$35. Add a memory card for storage up to 64GB, and the total package won’t cost you much more than US$65. So why the US$149 price tag on Bitseed’s new product?
For starters, you will receive a fully pre-configured package. Bitseed delivers their Personal Server with Ubuntu 14.04 pre-installed, and when you boot up the device, it will automatically run bitcoind (the full Bitcoin Core client). Additionally, Bitseed’s new product comes without the aforementioned 64GB memory card – there is a standard 4GB one included – but it does come with a 160GB hard disk to store the blockchain data on.
Whether or not all of that makes it worth US$149 [excluding shipping and possible import VAT] remains to be seen. For people who are not tech-savvy and don’t want to tinker around with setting up this kind of system on their own, the price could be justified in a way. However, anyone with 30 minutes of spare time can build the same system for far less money.
Images courtesy of PixaBay – Product image courtesy of Bitseed