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Monday, September 11, 2017

Japan’s Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

Japan’s Internet Giant GMO Launching Bitcoin Mining with 7nm Chips

GMO Internet, Inc. announced on Thursday the launch of a bitcoin mining business, “utilizing the next-generation 7nm semiconductor chip.” The company wrote:

We will operate a next-generation mining center utilizing renewable energy and cutting-edge semiconductor chips in Northern Europe. We will use cutting-edge 7nm process technology for chips to be used in the mining process, and jointly work on its research and development and manufacturing with our alliance partner having semiconductor design technology.

Citing plentiful renewable energy in Northern Europe, the company says “we can operate facilities that reduce costs by procuring clean and cheap electricity.” The company plans to start mining with 50,000 chips to deliver a total hashpower of 500 petahashs per second (PH/s). This amount of hashpower would rank among the top-ten bitcoin mining pools today.

Japan's Internet Giant GMO Launching Bitcoin Mining Empire with 7nm ChipsHeadquartered in Tokyo, GMO offers a comprehensive range of internet services worldwide. Its internet infrastructure business has 8.47 million customers and ranks number one in Japan. The company is listed on the Tokyo Stock Exchange.

Full story at

Source: Bitcoin News

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