Google Co-Founder Letter Mentions Crypto Mining Responsible for Massively Improving Computing Power Boom
Sergey Brin, Google’s co-founder, has made a giant statement on the impact cryptocurrencies have had on the demand for powerful computers. Through a letter posted to investors, Brin noted that the tremendous boom in computing power as it is right now is due to the unprecedented need amongst cryptocurrency miners.
On Saturday 28th April, Brin wrote that a couple of factors had contributed to the rapid upsurge in computing power. And it was because of them that the giant search’s processors handle speeds of up to a factor of 200,000 over the past 20 years.
The first factor from such a massive processing speed, according to Brin, is what’s known as the “steady hum of Moore’s Law.” This factor refers to the observation that the computing power per square inch does double every single year.
The second factor, according to Sergey Brin, is the greater demand for processing immensity. This, he acknowledges, arises from the fact that both professional gamers and graphics-hungry mining rigs as well as the GPU-friendly proof-of-work algorithms.
That GPU-friendly proof-of-work algorithm is pushing the limits on powerful computing isn’t surprising, mainly if you take a look at most of today’s leading cryptocurrencies led by Ethereum. These GPUs (Graphics Processing Units) are the ones that “mine” ether, which then helps update the digital currency’s blockchain through what’s called Proof of Work (PoW).
Proof of Work is a series of rapid and systematic crunching or solving of complex cryptographic functions. And this process requires a super-fast computer, a factor that then justifies the need for ultra-fast processing PCs. However, despite the popularity of GPUs, it turns out that Ethereum miners would soon ditch them for good at the expense of a more specialized piece of hardware that has been developed by Bitmain.
Bizarrely, however, Brin didn’t mention the two aforementioned factors as the chief drivers of the now on-demand computing “boom.” The primary factor, according to him, is machine learning – a data-concentrated method that’s being employed to create artificial intelligence systems. AI, as it is called, is the technology expected to revolutionize the world by creating machines that would drive cars, recognize human faces and handle all complex tasks without relying on any human assistance.
Google hasn’t shown any significant sign of adopting the blockchain technology, apart from exploring ways through which this technology could help their business. And neither have they taken cryptocurrencies seriously, lately banning browser extensions that allow mining and ads that promote ICOs.
Going by Sergey Brin’s sentiments, do you think Google will someday join the list of companies that embrace cryptocurrencies? Will they accept that blockchain is the future and perhaps retract the ban on ads that promote tokens and ICOs? Let's have your thoughts by leaving a comment below.