is Bitcoind -gen solo mining ?

1

I am running "./bitcoind -daemon -gen" in my machine . Is it solo mining ? If so, what does it take to create 1 bitcoin ? When i run "./bitcoind getbalance" it is always 0.00000 . "./bitecoind getmininginfo" results in: { "blocks" : 319203, "currentblocksize" : 1000, "currentblocktx" : 0, "difficulty" : 68.59413778, "errors" : "", "generate" : true, "genproclimit" : -1, "hashespersec" : 1447, "networkhashps" : 2298081699, "pooledtx" : 0, "testnet" : false }

Am i on right way ? If so, what does it take to create 1 coin ? Also, when i create a coin, how to send it to my address ? will it be automatically ?

donmezburak

Posted 2014-04-01T11:22:59.280

Reputation: 44

1Your setup is perfect. All you need is a time machine to go back to 2010 and you will be set. – RentFree – 2014-04-01T13:57:03.360

it is not the case for me – donmezburak – 2014-04-02T17:43:19.680

no time machine? sux2bu – RentFree – 2014-04-02T18:20:10.287

i just want mining using command line. is it possible ? just let me know this. – donmezburak – 2014-04-03T22:14:02.277

Answers

2

Yes it's solo mining, and the difficulty is so large that you will never be able to find a block before the mining pools do. You have a better chance at winning a lottery than mining a block before big pools do.

So you will most likely never get any coins.

Luca Matteis

Posted 2014-04-01T11:22:59.280

Reputation: 4 784

Firstly,thanks for reply. Hmm, how can i do mining with other using command line ? do u know the command line for mining pools ? – donmezburak – 2014-04-01T13:30:18.680

1

That's a different question. Check http://bitcoin.stackexchange.com/questions/4191/how-to-start-pool-mining-in-linux

– Luca Matteis – 2014-04-01T13:37:06.613

Asked: 2014-04-01T11:22:59.280

Viewed: 869 times

Active: 2014-04-01T13:21:08.087