Japan’s Internet Giant GMO Launching Bitcoin Mining with 7nm Chips
Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe.
Mining Competition
GMO’s upcoming bitcoin mining facility will have racks, air conditioning, firefighting and security, GMO outlined, adding that power used will be renewable energy, namely geothermal and hydropower. Each mining hardware unit will have a performance of 10 TH/s with power consumption drawing only 500 W max, the company detailed.
Japan's Internet Giant GMO Launching Bitcoin Mining Empire with 7nm Chips
Bitmain’s Antminer S9
The new mining venture will be competing with a few existing mining equipment producers including Bitmain, whose Antminer S9 is the current favorite ASIC bitcoin mining rig worldwide. The China-based company uses a 16nm process for their chips, which is still the smallest and most efficient design in the ASIC mining industry to date. Each of the latest mining rigs Bitmain is building has a hashpower of 14 TH/s, but a power usage of 1,372 W. Its chips deliver 0.098 J/GHs, which “is the world’s most efficient bitcoin mining chip in the consumer market,” according to the company’s website.
What do you think about this development? Do you think they will allow for customers to buy portions of their hashrate?
i dont think they will alow them to buy their hashrate now but maybe in the future .
Where did you get this information from? Will they sell miners to the public or just for private use?
you can find the full infomation here https://news.bitcoin.com/japans-internet-giant-gmo-launching-bitcoin-mining-with-7nm-chips/ :)
Very informative. Thanks for posting the source. It's good idea to put a link to the original information in the post. Cheers!