Ledger Nano S

Ledger Nano S - The secure hardware wallet

Saturday, September 9, 2017

Japan’s Internet Giant Could Control Six Percent Of Bitcoin Mining, Plans Next-Generation Center

Japan’s Internet Giant Could Control Six Percent Of Bitcoin Mining, Plans Next-Generation Center

Japanese Internet giant GMO has announced it will launch a Bitcoin mining business to corner around six percent of the market by 2018.

A disclosure which surfaced Thursday revealed plans to mine with 50,000 seven nm chips generating around 500 petahashes per second.

The initial cost to set up the project is “will be more than 10 percent of the consolidated noncurrent assets as of Dec. 31, 2016” of ¥3.489 bln ($32 mln).

“We will operate a next-generation mining center utilizing renewable energy and cutting-edge semiconductor chips in Northern Europe,” a translated copy of the disclosure reads.


Full story at http://bit.ly/2xV1Rwf


Source: CoinTelegraph


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Bitcoin you can send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.