Kent Fourie's Journey Into Ethereum and Mining

1. Journey into the Ether
By Kent Theo Fourie

2. Where it all started...
 2009
 Bitcoin
 “Anonymous Transactions”
 Digital Currency
 Mining?
 2015
 Ethereum
 Revolutionary
 Ether = Digital Oil
 The new Internet
 The Frontier!

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. 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. 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. So I started mining...

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. 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