Sergey Brin: mining has been the driver of the computing boom

One of the founders of Google Sergey Brin in an address to investors, wrote that the increasing demand for computing power in the mining industry caused the global «computer boom».

Mining cryptocurrency, according to Brin, was one of the main drivers that forced Google to speed up its processes by more than 200 thousand times in the last 20 years. In many ways, this rapid growth of computing power, made possible thanks to the gaming industry, which every year offered new products that are demanded more computing power. In part, this was due to the improved graphics, which in turn gave a tremendous impetus to the development of graphics cards. They recently played a major role in the industry of mining, because the algorithms of the majority of cryptocurrencies are used for «proof of work» that the GPU chips.

Breen called the two important factors that, in his opinion, lead to the increase of computing power:

  • Sustained Moore’s law, according to which the number is placed on the crystal chip transistors doubles every 2 years;

  • Over the past 10 years qualitatively increased the level of machine learning. Some even give this event a revolutionary significance.

  • However, despite its position as one of the founders of Google, the Corporation is still negative attitude towards cryptocurrency. Talking about this recent prohibitions on the advertising of crypto-currencies and the ICO in all its services, a ban on added to Chrome Web Store extensions designed for cryptocurrency mining, and those that are now the company promises to remove by July.

    But on the other hand it should be noted that Google is one of the most active investors in the blockchain and last year even took second place in the rating. In addition, Google is working on its own blockchain solution for cloud services.

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