Tuning and working with Bitcoin Core Server 2016
Requirement: Size of the hard disk in the virtual machine must be 350 GB or more.
There is a “Bitcoin Core (64-bit)” shortcut on the desktop. When you launch it, the information window will appear, where you can download the 284 GB Bitcoin Blockchain. To start downloading data, click the “OK” button:
After clicking “OK”, synchronization with the network will begin. It can take a lot of time, up to several days (all depends on the speed of the Internet connection). Until the process is completed, transactions will be rejected.
During the boot process, VM can be turned off. The next time you launch the Bitcoin Core application, the download process will continue from the last moment, after the downloaded blocks are checked.
How to transfer cryptocurrency to your wallet
To transfer cryptocurrency to Bitcoin Core, select the “Receive” tab in the main window.
Fill in the required fields in the opened window and click the “Create new receiving address” button.
The program will issue an address for the transfer of coins and a QR code for the payment:
Only BTC can be used for replenishment, other cryptocurrencies or fiat money are not supported.
How to withdraw cryptocurrency with Bitcoin Core
To withdraw cryptocurrency, in the main window, select the “Send” tab. Enter the address of the recipient’s wallet and the required amount in the opened window and click “Submit”. The program also allows you to choose the size of the transaction fee, on which its speed will depend:
If necessary, you can create a mark to add the address to the log.
Bitcoin Core Wallet Security Configuration
Wallet encryption and password change are available from the security settings in Bitcoin Core. This can be done in the “Settings” tab.
In the “File” menu, you can create a backup of the wallet: