"update-core" does not exist anymore. Instead, "pacman -Syu" should be used.Follow the instructions of that page otherwise install it using all the defaults (c:\msys64 or c:\msys32 for 32bit system), then open the MSYS2 shell and type:
update-core
The shell is now called "MSYS2 MinGW 32-bit"Now close the MSYS2 Shell. From now on we'll use the 'MinGW-w64 Win32 Shell'. So open it.
The make commands can be significantly accelerated when using parallel compilation, e.g. "make -j4"