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Saturday 28th April 2018, while writing a letter to Google investors Sergey Mikhaylovich Brin, the co-founder of Google talked about the impact of cryptocurrency mining in the information technology sector [IT]. According to Sergey Mikhaylovich, the growing demand for very powerful computer systems that are used for the mining of various cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], etc. he managed to contribute to the "computer boom".
Sergey Mikhaylovich is a Russian-American computer scientist and internet entrepreneur. He co-founded Google with Larry Page. In his recent letter, Sergey Mikhaylovich Brin, in detail, mentions the various factors that contributed to the sudden uprising of computing power in the modern world. He says that the sudden increase in processing speed can also be seen in their search engine, Google. Their processors have become faster with a wide margin of 200,000 GPU operations in a short period of 20 years
The first factor that Sergey Brin mentioned in his letter is "The constant buzz of Moore's law". Moore's law states that the number of transistors per square inch on integrated circuits doubles every year. Moore's law has predicted that this model will continue. This observation was made by the co-founder of Intel Gordon Moore in 1965.
The second factor that Sergey Brin said is that there is a growing demand for powerful processing processors, which comes partly from online video games and their required graphics systems. So the greater demand comes from the graphic processing unit [GPU]reliable job testing algorithms found in some of the major cryptocurrency mining systems, such as Ethereum.
In his letter, he says:
"Surprisingly, from GPU-compatible work testing algorithms found in some of today's leading cryptocurrencies, such as Ethereum"
The latest and fastest calculation technology is used to extract or update the cryptocurrency blockchain through a process called job proof.
Google is also testing the uses of blockchain technology, but has talked about the ban on extending the browser to mining and announcements for initial coin offerings.
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