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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
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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
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  • 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 Apr 01 '14 at 13:30
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    That's a different question. Check http://bitcoin.stackexchange.com/questions/4191/how-to-start-pool-mining-in-linux – Luca Matteis Apr 01 '14 at 13:37