Create VM using the qcow2 Image File (KVM)
Use the following steps to create a VM on your Centos 7 machine (CentOS 7.2 and up).
Your CPU must have hardware virtualization support (Intel VT-x or AMD-V) to be able to use KVM.
To create a VM by deploying the OVF template:
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Make sure you have the Linux Execution Server installation files in a temporary location. For details, see Downloading the Linux Virtual Appliance Image. 
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Login to your machine as root user. 
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Navigate to the directory where the installation files were downloaded. Create a backup copy of the qcow2 image file. 
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Move the qcow2 image file to the directory where you want to place the VM. 
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In the Linux desktop, open Virt-manager and click Create a new virtual machine .  
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In the New VM window, in the Name field, enter a name for the VM. 
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Select Import existing disk image and click Forward.  
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Click Browse and navigate to the path of the qcow2image file. Select the image file and click Open. Click Forward. 
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For memory and CPU settings, specify values that match your system. For the purposes of this procedure, the values 4 GB RAM (4096 MB) and 4 CPUs are used. Click Forward.  
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Select Customize configuration before install. Click Finish. The details of the VM to be created are displayed.  
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From the left pane, select IDE Disk 1. Click Advanced options. 
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Ensure that IDE is selected in the Disk bus field. 
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In the Storage format field, select qcow2. Click Apply. 
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Click . The VM is created. 
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Next, Log into the VM.