Google Co-Founder Sergey Brin Reveals He Is an Ethereum Miner

July 10, 2018
71 Views

Google’s co-founder Sergey Brin has made the surprise revelation that he is an Ethereum miner, calling the crypto global network “extraordinary.”

Google’s co-founder Sergey Brin made the surprise revelation that he is an Ethereum (ETH) miner at the Blockchain Summit in Morocco Sunday, July 8.

Brin is currently the president of Alphabet, Google’s parent company which formed as part of the tech giant’s restructuring back in 2015, but his “side hustle” is apparently mining the world’s second largest cryptocurrency, Ethereum, together with his 10-year old son.

Brin attributed the success of Google’s search engine and email services as down to taking the possibilities of emerging technologies “seriously” – recognizing a potential “leap” – something he credited the developers and minds behind the crypto space as doing as well.

The Google billionaire went on to say that cryptocurrencies – which have spread public key cryptography across the web and created consensus algorithms such as proof-of-work (PoW) – are “mind-boggling.” The crypto global network, taken seriously, is “extraordinary.”

Brin also highlighted the concept of zero-knowledge proofs that underpin anonymity-oriented altcoins such as ZCash – the maths of which he conceded not quite being able to follow – as again, “mind-boggling.”

“I see the future as taking these…research-y, out-there ideas and making them real,” he said.

In Alphabet’s Founders Letter in 2017, Brin credited leading cryptocurrencies such as Ethereum as being a major factor in today’s momentous “computing boom.”

Google, for its part, announced its cryptocurrency advertisement ban in March, which came into effect June 1, and has been heavily criticized. Brin yesterday acknowledged that the company has “failed” to be on the “bleeding-edge” when it comes to embracing crypto.

Ethereum (ETH) is ranked the second largest cryptocurrency as of press time, with a market cap of around $44.5 billion.

You may be interested

Interview With Crypto ‘Optimist’ Brian Kelly: Bitcoin Is Still 50 Percent Undervalued
Bitcoin
32 views
Bitcoin
32 views

Interview With Crypto ‘Optimist’ Brian Kelly: Bitcoin Is Still 50 Percent Undervalued

btcethereumadmin - February 17, 2019

CNBC’s Brian Kelly outlook on crypto in 2019, Bitcoin ETF in 2020, and inevitable recession. This interview has been edited…

How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’
Crypto News
21 views
Crypto News
21 views

How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’

btcethereumadmin - February 17, 2019

The SOV team revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project,…

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market
Crypto News
22 views
Crypto News
22 views

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market

btcethereumadmin - February 17, 2019

The U.S. Securities and Exchange Commission started reviewing a rule change proposal for NYSE Arca’s Bitwise Bitcoin ETF Trust.Chicago-based crypto…

Leave a Comment

Your email address will not be published.