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Japan's GMO Internet Reveals Cryptocurrency Mining Plan by arifulsms

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· @arifulsms ·
Japan's GMO Internet Reveals Cryptocurrency Mining Plan
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Japanese firm GMO Internet announced the launch of a new cryptokan mining business.

GMO, which was established in the early 1990's, initially entered the Cryptocurrence site with an exchange opening in May. Now, the company, which broadens Web hosting and other digital services, is expanding its portfolio with mine operations, which is set to begin sometime in 2018 sometime.

According to GMO's statement, the mining facility will be installed somewhere in North Europe and will produce 500 pattas (pH / s) per second. At present, the haasate in the Bitcoin network is about 5.68 Xhauses per second (EH / s).

It is a significant launch, given that GMO is an established digital service firm with an established stock stock.

GMO also said that it is planning and developing semiconductor chips ("Mining Chips") using "anti-art 7nm processing technology", with this initiative still working with so-called anonymous partners. In addition, the firm indicates that it can sell hardware built to third parties

Further down the line, GMO guided it is a plan to start the cloud mining service, through which customers can buy a specific amount of time to earn potential bits. Significantly, the company is planning to use mine to support its cryptroxchange exchange, in which the coins used for liquids are used in the market.

Another blockchain-based loyalty point from GMO Hill announced at the project's heels.

Cryptocurrency Mining is a power cycle process that adds a blockchain to the new transaction, making new coins as a reward for the process.
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