Video Tutorial How to make your own bitcoin litecoin dogecoin mining pool 1/3-wallet configuration

hi again guys today I want to talk about something a bit different from the usual hacking I want to talk about building your own Bitcoin or light coin or dogecoin or old coin any kind of cryptocurrency mining pool the reason you want to do this is because it's a bit of fun and you can make pretty good profit in terms of coins received in the terms of pool fees so today I'm using the latest build of Ubuntu which is 14.04 running in VMware Workstation 10 the you need a few dependencies in order for this to work and I'll put that in the video description I'm not going to go through building the dependencies because it takes a long time but the only thing you need to keep in mind is when you install MySQL you'll get a screen like this and it asks you for a root password you need to remember whatever password you use I'm using the password password for my build okay it's also important to remember that whatever we do here will only work on a local network and you'll need to forward ports appropriately if you want this to work on the wider Network and allow people to connect from over the Internet first thing you need to do and I'm going to go through in this first video this will be a three-part series is a Finder coin clone the coin github repository and build it and configure it appropriately first thing we need to do is find a coin usually we do that with gum with our Bitcoin talk and the coin I've chosen today is gun coin not it's not a particular favorite of mine it's a good coin it works well and I know that the github repository is good and everything appears to work so you see you get a lot of information on the on the page for Bitcoin talk but mostly mostly what we're interested in is this source URL here so I've already got that so let's copy that to our clipboard and we'll clone it with git clone and then we just copy in the URL okay you can see I've already cloned it but you'll it'll just clone automatically for you okay so now we see that we've got gun coin in our home directory so let's navigate into the gun clean folder and then we want to never go into the source for SR success based SRC now you see there's a whole heap of stuff in there and often what you need to do with these coins is navigate here int is at level DB directory let's do that and now we need to give ourselves permission for one of the one of the files and that's called the build detect platform file that we need to make sure that we have appropriate permissions to make sure building configures correctly let's do a chmod A plus X and we do build your tax platform and that's done so now we go back let's go back to the SRC directory and now we do a make tack F make file UNIX use underscore UPnP equals tack now depending on how much ram your system has this could take between five and ten minutes so I'm going to pause that while it turns away and I'll come back once it's finished building all right so that's finished building now it took about three or four minutes to do but now we have a successfully compiled wallet for for gun coin now we need to do we start the server for the way we do that if we do a dot slash gun coin I put a D on the end so obviously whatever coin you choose to build you just do the same thing it'll be like light coin with a D on the end or Dodge coin with a D on the end and we're going to get an error and what that tells us is that we don't have a successfully configured configuration file and it tells us where that configuration file it needs to live so we can successfully find that so we're going to go back to our root directory I'm going to CD dot gun coin and now we need to create ourselves the gun coin configuration and it tells us that it's called gun coin calm fall in lower case so we do a sudo nano gun coin Kampf and what we need to put in here is listen equals one server equals one demon equals one we just put an RPC user and this can be anything you like you need to remember what it is I'm just going to call it gun clean server you also need to put an RPC password I'm going to use gun coin server 1 2 3 just so I remember and now we need to to tell the wallet what port we need to use now often they give you a port in the Bitcoin tour cord announced thread but you can do anything you like I recommend as long as you use something over 10,000 you won't conflict with anything else running on your system so we do an RPC port I like 10 4 5 6 because I'll remember it then we need to do an RPC allow IP and this is going to allow any other connections from our host machine to connect to the wallet so we need to do this in order to connect and we just do 127.0.0.1 so meaning that the local host can connect so let's save that by doing ctrl X tap Y press Enter we now have a configured gun coin configuration file so let's go back to our roots directory and let's navigate back into the wallet so it's CD space gun coin so displace SRC now let's try and start the gun coin demon again and you'll see that it's running now it'll constantly run in the background it will download the blockchain as as appropriate and to see the process ID to make sure that you the process is still running and always running you do a PS tac AF do that straight thing I don't know what it's called I type in grep gun coin and it shows us that the the process ID is 3 9 6 8 so we can kill that if we need to but for now we don't need to now what we need to do is come up with a wallet address so that we know where all our funds are going to go and we can point a our yes we can point our pool towards that particular wallet address and the way we do that is we do a dot slash gun coined and we do I get account address and we do two parentheses next to each other and that's the local wallet address there it'll be could be anything but you need to remember that so I'm going to copy that across over to a notepad file so I remember and let the let the wallet finish syncing with the blockchain and the way you check that is you do a dot slash gunpoint and you do a get info and it will tell you what block you're up to and you can check that with the with the particular blockchain because I'm going to stop this video now because this is only part one I'm just going to let that finish downloading and in the next video we'll come back and we'll configure the stratum server and then in the third video we'll consider that we'll configure the web front-end and get it all tested and running okay so stay tuned for the second video thanks for watching

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