From what I can see, the methodology for counting nodes on monero.fail/map is prone to counting the same node multiple times, because it counts every node it sees within a 24 hour period, while but nodes.io counts Bitcoin nodes only once because it is looking at a snapshot of reachable nodes at a given time. This means it will exclude offline nodes that are only turned on periodically, but also means there isn't a danger of a node getting counted multiple times.
Given the differences in methodology, and how far in excess that 11k number is from every other estimate of the number of nodes on Monero's network that I have been able to find, while estimates of Bitcoin's reachable nodes are always within a couple thousand of each other, I have to conclude that it is inaccurate, and Monero likely has between several hundred to a little over 1000 reachable nodes.
This estimate also makes sense given it's market cap is $2.7b compared with Bitcoin's $528b, adjusting for the fact that a larger percentage of people who own Monero are likely true believers in it, and therefore more willing to go through the work of running their own node.
Dikaios1517
npub1ku…v3lhe
2023-03-18 17:25:11
in reply to nevent1q…zen6
Author Public Key
npub1kun5628raxpm7usdkj62z2337hr77f3ryrg9cf0vjpyf4jvk9r9smv3lhePublished at
2023-03-18 17:25:11Event JSON
{
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"pubkey": "b7274d28e3e983bf720db4b4a12a31f5c7ef262320d05c25ec90489ac99628cb",
"created_at": 1679160311,
"kind": 1,
"tags": [
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"content": "From what I can see, the methodology for counting nodes on monero.fail/map is prone to counting the same node multiple times, because it counts every node it sees within a 24 hour period, while but nodes.io counts Bitcoin nodes only once because it is looking at a snapshot of reachable nodes at a given time. This means it will exclude offline nodes that are only turned on periodically, but also means there isn't a danger of a node getting counted multiple times.\n\nGiven the differences in methodology, and how far in excess that 11k number is from every other estimate of the number of nodes on Monero's network that I have been able to find, while estimates of Bitcoin's reachable nodes are always within a couple thousand of each other, I have to conclude that it is inaccurate, and Monero likely has between several hundred to a little over 1000 reachable nodes.\n\nThis estimate also makes sense given it's market cap is $2.7b compared with Bitcoin's $528b, adjusting for the fact that a larger percentage of people who own Monero are likely true believers in it, and therefore more willing to go through the work of running their own node. ",
"sig": "7e10c87449ba2f6764d8a2059d9f8283d02579cf51e2c75a6a07644a5b25946024ef6463d8eab46bbcdf303fb1bc90fb078e11443092aa724d68a1b88a5eae26"
}