The Sons of Google's Key Leadership Are Into Ethereum (ETH) Mining

The son of Google (GOOGL) CEO Sundar Pichai is apparently quite aware of cryptocurrency.

According to a recent Business Insider article, while speaking at the New York Times DealBook conference last week, Pichai said his 11-year-old son was using the family’s home PC to mine Ethereum (ETH).

“Last week I was at dinner with my son, and I was talking about something about bitcoin, and my son clarified what I was talking about was Ethereum, which is slightly different,” Pichai said. “He’s 11 years old. And he told me he’s mining it.”

Pichai’s statements last week were highly similar to those made by Sergey Brin, Google’s co-founder, who said that he and his son are both mining Ethereum last July at a blockchain conference hosted by Sir Richard Branson in Morocco.

“A year or two ago, my son insisted that we needed to get a gaming PC,” Brin said. “I told him, ‘OK, if we get a gaming PC, we have to mine cryptocurrency.’ So we set up an Ethereum miner on there, and we’ve made a few pennies, a few dollars since.”

A few dollars is probably accurate, seeing that mining profitability has declined steadily over the last year as major pools have begun to capture larger shares of the global hashrate across most major PoW coins. At current rates, the majority of GPU mining rigs are no longer profitable to run.

Despite Google’s key leadership showing a clear interest in cryptocurrency, the company itself has not been overly active in the space, with few major public investments to date. However, Google did recently lift the restrictions on crypto advertising in October of this year. Additionally, Google Search provides currency conversion support from Bitcoin (BTC), Ethereum, Litecoin (LTC) and Bitcoin Cash (BCH).

ETH is currently trading for $200.65 with a $20.6 billion market cap, making it the 2nd largest coin in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Sundar Pichai’s 11-year-old son is mining Ethereum on a computer the Google CEO built himself (GOOGL, GOOG)

Photo: Maurizio Pesce / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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