GMO Internet, a leading Japanese bitcoin mining company, claimed that it was disbanded by the company show, which stopped investor mining bitcoin money.
Opened to the public by Trace Mayer, host of The Bitcoin Knowledge Podcast, Tokyo-based GMOs show a fall from the 287 highest in February to 0 BCH in July.
However, if the profitability increases in the future, it is possible that the GMO will maintain the BCH mining. Firman’s BitCoin cash mine operation is highly prevalent and also reached the BCH level in April before the 37 and 62 BCH levels in the next two months.
However, GMO’s operation of bitcoin mining was characterized by a steady increase in BTC revenue. In July, the GMO was at $ 568 BTC – $ 3.8 million in the current exchange rate – 528 in the previous month and 21 in December 2017.
Earlier this year, the GM said he hoped to increase mining activity to 3,000PH / s in December. However, this is unlikely, as the decline in crypto-currency profits is expected to reduce profit margins and reduce the incentive to invest in the new HashPower. As a matter of fact, the GMO rose to 384PH / s in July and stated that the first month of this year did not bring new devices online.
In June, GMO introduced B2, the first bitcoin mining chip market, fully developed by a Japanese company. The device, including the world’s first 7nm chip, quickly consumed. GMO now accepts pre-orders for the B3. The company’s allegations have a hashpower as high as 33 / s when compared to the 14TH / s offered by the Bitmain’s most important mining equipment, the Antminer S9.
As CCN reported, Bitmain is currently planning the largest initial public offering (IPO) of the cryptographic currency industry. However, the China-based company, which once had a large market share of 85%, faces increasing competition from GMOs and others, leading market research firm Sanford C. Bernstein & Co. ASIC designers recently released a rapord that lost competitiveness.
GMO CEO Masatoshi Kumagi said, “I respect Bitmain,” he said, perhaps, “but we’ll collect them.”