Published on September 15th, 2017 | by bitcoin0
Japan’s GMO Divulges Additional Cryptocurrency Mining Details
Japanese digital services firm GMO has divulged additional plans for its forthcoming cryptocurrency mine and the $90 million budget backing it.
In the presentation, GMO representatives said that it would begin testing a new 7nm semiconductor chip by the spring.
To date, according to the demo, GMO has already spent $3 million out of an expected 10 billion yen (worth approximately $90 million).
According to GMO President Masatoshi Kumagai:
“Besides mining at our company, we also plan to sell the mining board with the ‘cloud mining center’ [so] that anyone can participate in mining.”
GMO is not the only company to get involved in cryptocurrency mining.