Google may ban advertisements for cryptos, but that isn’t stopping Sergey Brin, one of its founders, from making a few bucks by mining Ethereum
, the second-biggest digital currency behind bitcoin
“A year or two ago my son insisted that we needed to get a gaming PC,” Brin told a gathering at a blockchain conference in Morocco over the weekend. “I told him if we get a gaming PC we have to mine cryptocurrency. So we got an Ethereum miner on there and we’ve been making a few pennies and dollars since.”
With a net worth of about $54 billion, the Alphabet
president clearly isn’t doing it for the money. Rather, think of it more as research, considering Brin admits he doesn’t know “a whole lot about cryptocurrency.”
He also acknowledged that Google missed an opportunity to be an early adopter in “mind-boggling” blockchain technology. “We probably already failed to be on the bleeding edge, I’ll be honest,” he said, adding that perhaps Google X, the company’s research division could get involved.
“I see the future as taking these kind of research-y kind of out there ideas and making them real — and Google X is kind of like that,” Brin said.
Click here to see him speak at the conference:
Ethereum topped the $500 mark over the weekend for the first time since June 21, according to Coin Market Cap, but has since drifted down to $484.