Vaultoro - Buy gold with bitcoin in seconds
BTC S7,245.07 (-1.19%)
Wed, 11 Dec
  • Conferences & Events
  • Latest News Updates
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Newsletter
CryptoNinjas
  • Crypto Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Bitcoin

GMO Internet Group to enter Bitcoin mining sector utilizing 7nm chips

Published by CryptoNinjas.net
September 7, 2017
GMO Internet Group to enter Bitcoin mining sector utilizing 7nm chips

GMO Internet Group, a Japan-based internet infrastructure services conglomerate today announced they will begin mining bitcoin utilizing next-generation 7-nanometer technology semiconductor chips. 7nm chips are designed to be much smaller and more power efficient. The mining operations are scheduled to start with 500PH/s in 1H of FY2018.

The soon to launch mining operation plans to achieve high margins and success through its power efficient and streamlined “next generation mining center.”

The Japanese enterprise knows full well that it is necessary to have computers and mining boards capable of enormous computation and processing capabilities while also maintaining efficient, stable electric power.

In order to realize a high-performance mining network, GMO will be setting up its “next generation mining center” in Northern Europe, where they have access to a plentiful supply of renewable energy, they can operate facilities which then can lessen costs by securing this clean and cheap electricity.

Mining Operation Future Developments (timing to be determined)

  • Cloud Mining Business – This service allows individuals and business operators to easily access mining. Cloud mining enables individuals and businesses for whom it is difficult to invest in and operate mining setups to participate. If the company’s “next generation” mining center succeeds, cloud mining coin yields will be realized from the small aggregate investment amounts of the cloud mining user base. GMO will distribute earned coins to users as received.
  • Sales of Next-Gen Mining Boards – GMO Internet plans to procure manufactured mining boards then equip them with specialized mining chips for resale.
  • Supply Mined Coins   – GMO Group is planning to supply mined bitcoin to group digital asset exchange company GMO Coin.
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

GMO Internet preps launch of a Japanese yen stablecoin
Blockchain Assets

GMO Internet preps launch of a Japanese yen stablecoin

October 9, 2018
McAfee loads up on 2,000 more rigs for MGT’s Bitcoin mining center
Mining

McAfee loads up on 2,000 more rigs for MGT’s Bitcoin mining center

October 12, 2017
Bitcoin

Companies forced to leave or relocate from China provincial hotbed of Bitcoin mining

June 14, 2017
Bitcoin

MGT Capital announces major expansion of bitcoin mining

May 22, 2017
Bitcoin

MGTI now mining 100 bitcoins per month, ranking as one of the largest U.S. miners

April 21, 2017
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Updates

Coinme expands bitcoin buying network to over 90 Dallas area Coinstar kiosks

Blockchain voting platform Voatz participates in U.S. Census Bureau’s technology demo day

Blockchain anti-counterfeit solution LuxTag secures 50% of crowdfunding target

SUKU and DreamView Studios to bring supply chain transparency for the virtual world

CoinSwitch lists RSK’s RBTC to enable fast BTC exchanges

Where to Exchange

itBitAmerica’s first regulated bitcoin exchangeVisit
LukkiCrypto exchange with an innovative gamification processVisit
PayBitoGlobal platform for bitcoin & cryptocurrency exchangeVisit
PayBito
Vaultoro is the first fully real-time bitcoin gold exchangeVisit

CryptoNinjas Newsletter

Trending Views

Beta version of Beam’s atomic swap marketplace now live

Blockchain privacy protocol Enigma explores new use-cases with Chainlink

SpaceChain sends blockchain hardware wallet to International Space Station

IDEX 2.0 offering 50% of all trade fees to users staking their token

Jelurida’s Coalculus blockchain set for launch along with airdrop

Crypto exchange ChangeNOW freezes 9 ETH deposit from Upbit hackers

Zilliqa blockchain combines incubation programs; announces new grant winners

Cross-chain liquidity protocol Ren launches developer portal; first 3rd-party dApp built

SatoshiPay pilots global blockchain payments wallet for businesses

  • Home
  • Crypto Links
  • Data
  • About
  • Contact
NEWSLETTER

© 2020 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Listings & Tech
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2020 CryptoNinjas Disclosures | Privacy Policy