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Journey Into the Ether

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Kent Fourie's Journey Into Ethereum and Mining

Published in: Economy & Finance
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Journey Into the Ether

  1. 1. Journey into the Ether By Kent Theo Fourie
  2. 2. Where it all started...  2009  Bitcoin  “Anonymous Transactions”  Digital Currency  Mining?  2015  Ethereum  Revolutionary  Ether = Digital Oil  The new Internet  The Frontier!
  3. 3. Adrift in the Ether  Research, Research, Research  White Papers, Medium, Devcon Vids  Installed the clients  Got into the community  Asked questions (Reddit, Ethereum Forum)  Blockchains  Merkle Trees  Proof of Work  Proof of Stake  Hypercubes and Sharding (Scaling the Blockchain)  Started Investing  Endless Possibilities
  4. 4. What is Ethereum?  Blockchain  Turing Complete Programming Language (Solidity)  Smart Contracts  DAO (Decentralized Autonomous Organisation)  Escrow  Colored Tokens  Fast Transactions  Security and Accountability through Immutable Code  Transparent  web3
  5. 5. The Peaceful Technological Revolution  Rewrite Society’s Infrastructure  Government  New Markets  Utilities  Getting rid of the middleman  Moving wealth & ownership back into our hands  Creating a trustless sharing economy  IoT (Slock.it)  Harnessing the world’s knowledge  Prediction Markets  Crowdfund everything  Easy, secure and controlled
  6. 6. So I started mining...
  7. 7. Hot & Loud Electricity Eaters  Geth + Ethminer  Ubuntu  1x to 16x Powered Risers!??  H81 BTC  Hot and Loud Electricity Eater  Syncing my node…. 1% …… 2% …… No Peers.  Parity eats Data  Cutting my hands on GPU fans  Installing Ubuntu 25x  The never ending troubleshoot…
  8. 8. Investments  Ether  For gas fees  DAO Crowdsales (but which is kept in BTC because of stability)  Deploying Smart Contracts  Digix - Gold Backed Digital Assets  Proposer  Is now at 4x worth  Ranked 6th coin by market cap.  Tradeable as a coin, lives on Ethereum  Lasted 14 hours  The DAO - Decentralized Organisation  Choose your service provider  Back many projects at one time  Get rewards  Slock.it & Mobotiq  2nd Highest Crowdfund Ever  Live

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