THELOGICALINDIAN - A Japanese aggregation GMO Internet Group is attractive to jump into bitcoin mining with new chips that could alpha a agenda accoutrements race
One affair you can say about the accountable of bitcoin mining is that it’s never dull. New players and technologies abide to acceleration up to accumulate aggregate interesting. The newest amateur to adventure into bitcoin mining is GMO Internet Group, which is based in Tokyo, Japan. The aggregation has continued been associated with hosting web casework and registering area names, but it now affairs on jumping into bitcoin mining with a abundant budgetary investment.
GMO Internet Group has formed with cryptocurrency through its approved internet-based business activities by accepting agenda currencies as acquittal as able-bodied as starting an barter and trading service. Now it seeks to accompany the avant-garde gold blitz of bitcoin mining by creating a new article alleged GMO Coin, Inc. The Japanese aggregation believes that cryptocurrencies will become “new accepted currencies” that will be accessible for use by anyone in the apple and eventually actualize a “new, borderless bread-and-butter zone.”
GMO Internet Group is afterward the arrangement of added above players in bitcoin mining, such as Bitmain from China. GMO will accomplish their own mines, hire mines to others, actualize and advertise mining rigs, and advance their own chips to facilitate bitcoin mining in a cheaper and added able manner. It is the development of new chips by GMO that is of above interest. The chips they are developing will use 7 nanometer modes that will be four times added activity able than the 16 nm nodes that are the accepted standard.
There is belief that the proposed 7 nm bulge chips from GMO could alpha an accoutrements race. Diego Guiterrez of RSK Labs says,
Guiterrez additionally credibility out that accepted bitcoin mining operators could acquisition their rigs anachronistic already the new chips hit the market. Of course. proposing new and avant-garde chips is a far cry from absolutely absolution said chips. Yet GMO Internet Group is putting their money area their aperture is. They are planning on spending added than 10% of their circumscribed noncurrent assets, which was at $32,379,001, on this endeavor.
The new chips would be a above shakeup for bitcoin mining and mark addition affiliate in the back-and-forth over which entities (and countries) will appear out on top. Right now, China has a above authority with Bitmain as its mining pools, BTC.com and Antpool, account for over 25% of all the processing ability on the all-around bitcoin network. Russia is arduous China as Putin aims to accession $100 actor through an ICO, and Russian ability companies are attractive to accord bitcoin miners a massive addition by affairs off balance activity to them at abundantly bargain rates. Now it appears that the Land of the Rising Sun has entered the fray.
What do you anticipate about GMO Internet Group entering bitcoin mining? Will their proposed chips alpha a agenda accoutrements race? Let us apperceive your thoughts in the comments below.
Images address of Wikimedia Commons, Flickr, and GMO Internet Group.
