Step 2: Setting Up BitCoin

Setting up Bitcoin solo mining is pretty easy. First go to bitcoin.org, and download the right software for your platform. Bitcoin works in linux, mac and windows. 

Next just run the program, you will soon see an increase in the number of "blocks" these blocks are all of the transactions that exsist in the bitcoin world. Before you start mining your client needs to download all of these blocks. 

The main part of your bitcoin experience will be your bitcoin address, this will be what you send to people when you make transfers and vis versa. Another part will be your "wallet" which is in your settings file for bitcoin. This keeps all of your bitcoin data, so keep it safe and keep a copy of it somewhere. 

Once the blocks are downloaded, you can test bitcoin by using the bitcoin faucet. The faucet can be found here. It will send you .02 bitcoins to test your setup. You will see the transaction in your main window soon after requesting them. 

Now that you verified its working, time to make some money! Just select settings > generate coins and you're done

Sort of...
<p>Wow... and 1 bitcoin today is worth $427.24... Jesus, help me ?</p>
<p>Interesting to read this bit of history. I remember being interested but confused by bitcoin in 2011'sh it took me a bout a year to figure out how I liked the bitcoin model of economics and trust the cryptographic security. By the time I started mining, bitcoin had take things by storm and difficulty was on the rise. </p>
I don't know how to install it on my Ubuntu computer, and there Wiki won't help me!!
Wait, there's open-source money now!?!?
Take a look at the video: Don't Buy Bitcoins. He brings up a really good point.

About This Instructable




Bio: I'm a full stack web developer focusing on security and privacy.
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