- Crypto Mining has contributed to the improvement in computing power.
- Though machine learning contributed the most.
Google Inc.: Sergey Brin, the co-founder of the search engine giant – Google, in a letter to investors, stated that the demand for powerful computers used in cryptocurrency mining has contributed to the boom of computing power
On Saturday 28th April Sergey noted that some factors have led to an improvement in computing power, an improvement that caused Google’s own processors speed up by a factor of about 200,000 over a 20-year period. According to Sergey, the first factor is the “steady hum of Moore’s Law,” which observed that computing power per square inch of a chip tends to double every other year.
The second factor is the increase in demand for processing power from gamers for their graphics-hungry rigs and also “surprisingly, from the GPU-friendly proof-of-work algorithms found in some of today’s leading cryptocurrencies, such as Ethereum.”
Graphics processing units (GPUs) are used in Ether mining: to update Ethereum’s blockchain through a process known as proof-of-work, which involves rapidly crunching through cryptographic functions. Though, the latest development by Bitmain may cause Ether miners to ditch GPUs)
Sergey did not feel either of these factors contributed the more to the computing “boom,” however, the factor he felt contributed most is machine learning, a data-intensive technique adopted to develop artificial intelligence systems that can drive cars, recognize faces or translate texts without human input.
Google Inc has investigated the use of blockchain technology, the technology that underlines cryptocurrencies such as BTC and Ether but made little reference to cryptocurrencies. Google has plans to ban cryptocurrency related ads by June.