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Running Steem (the blockchain) is going to be much cheaper because of MIRA. by exyle

View this thread on: hive.blog |  peakd.com |  ecency.com
exyle · @exyle · (edited)
$22.62
Running Steem (the blockchain) is going to be much cheaper because of MIRA.
![IMG_5825.jpg](https://cdn.steemitimages.com/DQmfZQsHUGhtTHXJCe9YQJrbm7eeqTN4TGszZxUgUB6V89k/IMG_5825.jpg)

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I finally caught up to @pennsif latest show [here](https://steemit.com/dtube/@pennsif/n9f4zoyt) with Steemit inc.

From @14:20 till @27:55  one of the lead developer called @vandenberg talks about MIRA and it got witnesses and developers excited!

# What does MIRA do?

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MIRA will significantly reduce the cost of running servers for Steem *(the blockchain)* by lowering the hardware requirements which will make Steem cheaper to run and will allow more Steemians to run servers, making Steem more decentralised.

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Now that is cool!

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# How does MIRA do this?

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It's pretty easy to visual that a Blockchain get's bigger the older it gets. It's a continues chain of data that only grows and never loses data.

This data needs to be stored somewhere so that we can all access it.

It's currently stored in a very expensive component of a computer/server called RAM. Yet, with the blockchain ever growing we need more and more of it increasing the price of the servers.

What MIRA will do is take the data out of RAM and store it on Disk *(a much cheaper component)* while still maintaining the same performance as before.

The server requirements to run the Steem blockchain will therefor go down, which is pretty much unheard of in the blockchain space!

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# How will this affect you?

------

When MIRA is fully implemented in (hopefully) the upcoming months you should notice nothing on the frontends *(which is a sort of a annoying thing of backend development, it's always a little underappreciate because there are no visual effects to show it, like a UI update)*.

But it should feel good to know that Steem is going to be very future proof in terms of scaling and more decentralised because of MIRA making it a great candidate to develop for.

Also the people that develop and run witness servers/full nodes for Steem will see a nice reduction in their bills.

Ow, and one more thing I saw in the *edited* version of the SMT's release date post [here](https://steemit.com/steem/@steemitblog/smts-release-dates). 

-----

![Screenshot 2019-03-25 at 11.10.46.png](https://cdn.steemitimages.com/DQmfUYNo7kGW7FE9DHQnXhTLE2FUSTgqHBB72sfG1e1z3yS/Screenshot%202019-03-25%20at%2011.10.46.png)

-------

Most of the work on SMT's is already completed....mmm...interesting :)

------

![](https://steemitimages.com/DQmdWG7QanG3ZEgJQ4SiLkyQ5BKtxGU7jrrnwDTqsz3r177/Logo_Side-by_side_1000.png)

-------

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@biochem ·
$0.02
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@blazing · 
This is going to be great for long run of steem blockchain : )
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@bozz ·
$0.05
That is very exciting!  The speed of SSD's has become pretty impressive as time has gone on and it is interesting to know that they are looking to move it away from RAM and onto traditional discs like that.  How big is the Steem blockchain?
๐Ÿ‘  
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vote details (1)
@chireerocks · 
@exyle, Yes, some aspects always stay **Undervalued** no matter that aspect plays the role of the Backbone. Good to know about the **MIRA** and mainly good to know that it will going to empower the **Witness System**.

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@cloudspyder · 
Probably steem block producer may run even in Pentium 4 computer.
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@culgin · 
It's always a good thing to reduce the cost of running a full node. This will greatly improve decentralization, which is the whole point of having a blockchain

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@elider11 ·
$0.05
Definitely good news ... The best changes should not only be those that affect the visual, a change like the one that will make MIRA should matter to us all.
๐Ÿ‘  
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@gniksivart ·
$0.05
As witness servers get cheaper I wonder how many more people will decide to become a witness and run one. I'm pretty sure at least a few people have been interested in becoming a witness until they saw the price so this is great news for all those people.

Pretty sure Steemit has said once before once Mira is released they're turning their full attention on SMTs as well. Maybe SMTs by the end of the year, assuming worst case scenario?
๐Ÿ‘  
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@hans001 ·
$0.05
Better better  only I hope that I don't have to run multiple servers to be able to run the witness server because instead of 1 full node server you need 3? Servers now to run a full node? It not a complaint it's more like I hope it can be done by 1 server and I will host a full node if it can be hosted on a 64gb server. ๐Ÿค—

Posted using [Partiko Android](https://partiko.app/referral/hans001)
๐Ÿ‘  
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@maxdevalue · 
This is wow! Hopefully theyโ€™ll implement MIRA before July this year 2019!

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@mihirbarot · 
This is Little bit good to know what MIRA is doing on this bolckchain. As i am not much more tech guy but i understands the reducing cost that will be surely beneficial to this Steem.

Posted using [Partiko Android](https://partiko.app/referral/mihirbarot)
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@mintaka · 
More witnesses are only a good thing
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@newageinv · 
Definitely continued steps in the right direction!  I feel that MIRA could also be a catalyst for more exchanges to support Steem in the short term.

Posted using [Partiko iOS](https://partiko.app/referral/newageinv)
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@omsoc · 
That sounds great!
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@partiko · 
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, letโ€™s change the world!
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@shadonchandra · 
That's really very good news for us.
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@stephen-somers ·
$0.05
I guess the more witness servers the better especially if theyโ€™re cheaper to run from what Insee unless youโ€™re in the top 20 itโ€™s costing you money to run the servers.
๐Ÿ‘  
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vote details (1)
@exyle · 
It depends on the price of Steem really. We (@blockbrothers spot #38) are about break even currently with all our servers with current STEEM price. Lower hardware costs would have a positive effect for us for sure!
๐Ÿ‘  ,
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permlinkre-stephen-somers-re-exyle-running-steem-the-blockchain-is-going-to-be-much-cheaper-because-of-mira-20190325t210414375z
categoryexyle
json_metadata{"tags":["exyle"],"users":["blockbrothers"],"app":"steemit/0.1"}
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last_update2019-03-25 21:04:15
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cashout_time1969-12-31 23:59:59
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body_length214
author_reputation1,231,514,672,678,036
root_title"Running Steem (the blockchain) is going to be much cheaper because of MIRA."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
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post_id81,939,714
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vote details (2)
@stokjockey ·
$0.05
Mark @exyle It Only Gets Better and Better as We Go Forward and I am Grateful that we are here Early on in the Development..........got another Legendary Unicorn in my Daily Quest Cards Yesterday. Who Said they Don't Believe in Unicorns ?
๐Ÿ‘  
properties (23)
authorstokjockey
permlinkre-exyle-running-steem-the-blockchain-is-going-to-be-much-cheaper-because-of-mira-20190325t103155892z
categoryexyle
json_metadata{"tags":["exyle"],"users":["exyle"],"app":"steemit/0.1"}
created2019-03-25 10:32:00
last_update2019-03-25 10:32:00
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last_payout2019-04-01 10:32:00
cashout_time1969-12-31 23:59:59
total_payout_value0.036 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length238
author_reputation128,156,281,371,190
root_title"Running Steem (the blockchain) is going to be much cheaper because of MIRA."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,907,548
net_rshares74,489,970,304
author_curate_reward""
vote details (1)
@teamhumble ·
$0.05
i'll most certainly run a series of witnesses when the cost of doing so comes down just for network redundancy.
๐Ÿ‘  
properties (23)
authorteamhumble
permlinkre-exyle-running-steem-the-blockchain-is-going-to-be-much-cheaper-because-of-mira-20190325t115929516z
categoryexyle
json_metadata{"tags":["exyle"],"app":"steemit/0.1"}
created2019-03-25 11:59:30
last_update2019-03-25 11:59:30
depth1
children0
last_payout2019-04-01 11:59:30
cashout_time1969-12-31 23:59:59
total_payout_value0.036 HBD
curator_payout_value0.012 HBD
pending_payout_value0.000 HBD
promoted0.000 HBD
body_length111
author_reputation315,232,864,758,316
root_title"Running Steem (the blockchain) is going to be much cheaper because of MIRA."
beneficiaries[]
max_accepted_payout1,000,000.000 HBD
percent_hbd10,000
post_id81,912,185
net_rshares74,513,225,276
author_curate_reward""
vote details (1)
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