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Author Topic: [Testnet] Is this normal?  (Read 271 times)
BlackHatCoiner (OP)
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Farewell, Leo


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April 20, 2020, 08:24:11 PM
 #21

And of course on commands like "getblockcount" it returned "0". But how will I mine the genesis block? Can you help me here?

You can use generatetoaddress to generate new blocks. If you type it in the console, you will see a detailed explanation on the parameters and instructions on generating a new address. I don't think if there is any point in me explaining it. Keep in mind that coins are spendable 100 blocks after they have been mined.

I do earn bitcoins   Shocked Grin

Another question, in the testnet are things a bit more real? I mean I can't do just "generatetoaddress 10000 <my_address>". Do I need to mine like in real bitcoin?

.
.BLACKJACK ♠ FUN.
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Rath_
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April 20, 2020, 08:43:20 PM
 #22

Another question, in the testnet are things a bit more real? I mean I can't do just "generatetoaddress 10000 <my_address>". Do I need to mine like in real bitcoin?

You don't need to mine real coins. You wouldn't be able to earn much anyway. Both testnet and mainnet are full of ASICs which are far superior to CPUs in terms of mining. If you need to use testnet for some reason then get coins from faucets. You can no longer mine with your CPU using Bitcoin Core since version 0.13.0.
BlackHatCoiner (OP)
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April 20, 2020, 08:52:08 PM
 #23

Another question, in the testnet are things a bit more real? I mean I can't do just "generatetoaddress 10000 <my_address>". Do I need to mine like in real bitcoin?

You don't need to mine real coins. You wouldn't be able to earn much anyway. Both testnet and mainnet are full of ASICs which are far superior to CPUs in terms of mining. If you need to use testnet for some reason then get coins from faucets. You can no longer mine with your CPU using Bitcoin Core since version 0.13.0.

Why did they disable it? Was it affecting the network somehow?

Oh and I have another question ( Cheesy )
I had read that in order for a transaction to be counted on all blockchains in the world, it is required to exist at least 6 confirmations.
But if I am alone on my local network, how will I confirm my transactions?

.
.BLACKJACK ♠ FUN.
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Rath_
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April 20, 2020, 09:33:24 PM
 #24

Why did they disable it? Was it affecting the network somehow?

No, it was completely useless. You wouldn't even earn a cent using your CPU on the mainnet nowadays.

I had read that in order for a transaction to be counted on all blockchains in the world, it is required to exist at least 6 confirmations.

For small payments, even 1 confirmation is enough. Confirmed blocks are propagated quite fast (orphaned blocks are still a thing, though). The amount of confirmations ensures that coins won't be double-spent. Some wallets and services consider 3 confirmations as safe enough.

But if I am alone on my local network, how will I confirm my transactions?

You confirm transactions by including them in blocks and mining them. The first confirmation is when a transaction is included in a block. Each new mined block adds another confirmation.
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April 20, 2020, 09:51:05 PM
 #25

Thank you for your answers and your time.

I have noticed that when I do the command thing that produces me my fake bitcoins it prints me the transactions' hashes. How exactly are these hashes calculated? Do they have to do with the current timestamp?

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Rath_
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April 20, 2020, 10:14:00 PM
 #26

How exactly are these hashes calculated? Do they have to do with the current timestamp?

No, a transaction hash has nothing to do with the current time and it doesn't require you to have a synchronized client. Take transaction data, calculate its SHA256 hash and do it once again for the calculated hash. You can find answers to some of your questions on the Internet. Do some research; you will learn more.
nc50lc
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April 21, 2020, 03:42:14 AM
 #27

Your questions all over the forum are quite random... from mining, full nodes to private keys, all.
You're gonna love "Mastering Bitcoin" book if you still haven't read it.

Here are some resources that you should consider reading:

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BlackHatCoiner (OP)
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Farewell, Leo


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April 21, 2020, 10:47:39 AM
 #28

How exactly are these hashes calculated? Do they have to do with the current timestamp?

No, a transaction hash has nothing to do with the current time and it doesn't require you to have a synchronized client. Take transaction data, calculate its SHA256 hash and do it once again for the calculated hash. You can find answers to some of your questions on the Internet. Do some research; you will learn more.

Your questions all over the forum are quite random... from mining, full nodes to private keys, all.
You're gonna love "Mastering Bitcoin" book if you still haven't read it.

Here are some resources that you should consider reading:

Thank you both for your interest. Yes time to read a book  Wink

.
.BLACKJACK ♠ FUN.
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BlackHatCoiner (OP)
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Farewell, Leo


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April 21, 2020, 08:27:28 PM
 #29

Your questions all over the forum are quite random... from mining, full nodes to private keys, all.
You're gonna love "Mastering Bitcoin" book if you still haven't read it.

Here are some resources that you should consider reading:

I found this youtube channel and it seems really helpful:
https://www.youtube.com/channel/UCj9MFr-7a02d_qe4xVnZ1sA

.
.BLACKJACK ♠ FUN.
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