DMM Launches Minning Farm and Showroom

Entertainment giant from Japan DMM has launched its “large-scale Japan-quality” mining farm, with a plan to open showroom in March
12 February 2018   344

DMM is also launching a showroom, allowing the public to tour its mining farm, as well as a mining pool. This is reported by Coindesk.

The first DMM mining enterprise, on which both ASIC and GPU are installed, is located in the Ishikawa Prefecture in Japan, famous for its cold climate. The farm will mine several crypto-currencies, including bitcoin, ether and lightcoin. There is also a showroom where visitors can watch the work of 1000 mining rigs.

DMM Mining Farm
DMM Mining Farm

DMM operates large-scale ‘Japan-quality’ mining farms that are unparalleled in scale compared to other domestic operators…By establishing a mining farm in the cold district, we realize low price electricity procurement and maximize mining revenue.
 

DMM Team

The showroom will be opened for the public in March.

By starting domestically, DMM’s engineering team is directly involved in the operation to secure quality and win the trust of domestic users.
 

Fuji Television Network

Additionally, DMM has also recently launched its own cryptocurrency exchange, supporting 7 different cryptocurrencies and 14 trading pairs. 

Samsung Reports Q1 Profit Record due to Mining Chips

Samsung Electronics has reported 58% year-on-year growth in its operating profits for Q1 due to strong demand for chips used for cryptocurrency mining
26 April 2018   126

Samsung Electronics has reported 58% year-on-year growth in its operating profits for Q1 2018 - an increase driven in part by strong demand for cryptocurrency mining chips.

Robert M. Yi, executive vice president of investor relations of Samsung, said on Thursday that the profitability increase seen in the firm's semiconductor business played a significant role in setting a new quarterly operating profit record of 15.6 trillion Korean won ($14 billion).

In the semiconductor business, the earning increases significantly year over year thanks to favorable market conditions driven by strong demands in server and graphic card memories as well as earning improvement in both the System LSI and Foundry businesses led by an increasing demand of chips used in flagship smartphones and cryptocurrency mining.

 

Robert M. Yi

Executive vice president of investor relations, Samsung

Samsung confirmed at the beginning of the year it is producing 8nm and 11nm processors to meet growing market demand from the cryptocurrency mining industry.

The company forecast that the demand for mining processors will continue to expand in Q2, while the earnings of its LSI and Foundry businesses may decrease due to slowing demand for smartphone components.