There has been a lot of hype concerning crypto currencies like Bitcoin and Ethereum recently. I even had some of my own minor gains through an account I have with Coinbase.com.
I haven’t been much into the zeitgeist of Bitcoin investment, or even the possibilities of blockchain methods used for real-world applications other than currency, until now.
You will need a server that has at least 150 GB available, and as the size of the blockchain increases this will rise. I configured my node to use the auto-pruning feature, but it still is using 128 GB currently.
$ du -sh .bitcoin/ 128G .bitcoin/
Install the software-properties-common Package
sudo apt-get install software-properties-common
Add the Bitcoin Personal Package Archive (PPA)
sudo apt-add-repository ppa:bitcoin/bitcoin Stable Channel of bitcoin-qt and bitcoind for Ubuntu, and their dependencies Note that you should prefer to use the official binaries, where possible, to limit trust in Launchpad/the PPA owner. No longer supports precise, due to its ancient gcc and Boost versions. More info: https://launchpad.net/~bitcoin/+archive/ubuntu/bitcoin Press [ENTER] to continue or ctrl-c to cancel adding it
Ignore the message about ‘precise’ no longer being supported, and press ENTER
to continue. It’s referring to Ubuntu 12.04.5 LTS (Precise Pangolin). You can
check your own version of Ubuntu by running
After this completes you should update all the packages.
sudo apt-get update
Install Bitcoin Core daemon (bitcoind)
sudo apt-get install bitcoind
Configuring Bitcoin Daemon
A problem that you will likely run into is where the daemon uses up all the disk space on your server. I recommend creating a bitcoin.conf configuration file. It’s best to set the minimum value for pruning, and also set the db cache size to be an appropriate amount of RAM in measured in megabytes.
# Enable pruning to reduce storage requirements by deleting old blocks. # This mode is incompatible with -txindex and -rescan. # 0 = default (no pruning). # 1 = allows manual pruning via RPC. # >=550 = target to stay under in MiB. prune=550 # Set database cache size in megabytes (4 to 16384, default: 300) dbcache=1000
Run Bitcoin Core Daemon
Exit to an unprivileged user account, and then run
bitcoind -daemon -conf=bitcoin.conf Bitcoin server starting
After this point you can run various commands to interact with the daemon.
# Get Network Info bitcoin-cli getnetworkinfo # Get Blockchain Info bitcoin-cli getblockchaininfo # Get Wallet Info bitcoin-cli getwalletinfo # Stop the Node bitcoin-cli stop
Starting Bitcoin Daemon
It’s cumbersome to type the command above each time you need to re-start the
daemon. By default Ubuntu configures your $PATH so that it includes
should that directory exist. Do the following to prepare some scripts for easy
mkdir ~/bin touch ~/bin/btcstart touch ~/bin/btclog echo -e '#!/usr/bin/env bash\nbitcoind -daemon -conf=~/bitcoin.conf' > ~/bin/btcstart echo -e '#!/usr/bin/env bash\ntail -F ~/.bitcoin/debug.log' > ~/bin/btclog
You’ll have to logout and log in again, but now you will be able to start your
$ btcstart Bitcoin server starting $ btclog 2017-05-26 15:59:19 Opened LevelDB successfully 2017-05-26 15:59:19 Using obfuscation key for /home/johnsmith/.bitcoin/blocks/index: 0000000000000000 ... ...
You’ll have to use CTRL+C to exit out of the logs.