Japanese entertainment giant DMM plans to open cryptocurrency exchange platform

Japanese DMM announces plans of their own crypto exchange to open in January 2018
21 December 2017   2140

Earlier this year we reported on DMM opening the mining pool, and now they plan on entering the exchange market. The announcement goes to say about 7 available virtual currencies with 14 trading pairs and margin trading. The plan is to open the platform on the next month, particularly – 11th of January 2018.

Japanese e-commerce and entertainment giant DMM has revealed the exact details of the upcoming exchange platform – DMM Bitcoin. The platform will open on January 10 and will start accepting payments on January 11. It will replace their Tokyo Bitcoin Exchange Inc., which has been approved by authorities on December 1 and whose services has been halted as of now on account of renaming and upgrades.

The 7 supported from the start virtual currencies are Bitcoin, Bitcoin Cash, Ether, Ethereum Classic, Nem, Ripple and Litecoin. The trading pairs will consist of BTC/JPY, ETH/JPY and BTC/ETH. And 14 pairs will have leverage trading available for them.

The conceptual background is similar to DMM's up and running Foreign Exchange trading platform. Even the trading tools will be released for the same platforms – PC, Android and iOS. The withdrawals will be available in Japanese Yen, Bitcoin and Ether.

All of this furthers DMM's announced goal to enter cryproeconomy world, which is supported by their newly established virtual currency subsidiary and DMM Mining Farm, said to become one of the 10 largest mining farms in the world.

Giant Mining Solar Powered Farm to Created in California

Plouton Mining will allocate solar panels on 49 acres and it's planned they should generate about 10-13 megawatts per day, working for an average of 12 hours
26 June 2019   54

Plouton Mining, a subsidiary of Plouton Group Holding, intends to open the largest Bitcoin farm in North America for mining, whose operations will be provided by solar energy. To this end, the firm chose a territory in the western part of the Mojave Desert, California.

Plouton Mining will place solar panels on 49 acres: they should generate about 10-13 megawatts per day, working for an average of 12 hours. The company stressed that Western Mojave receives sunlight for 70% of the year.

The company will also sign the necessary contracts with local electricity suppliers in order to operate the farm in the absence of solar radiation.

Meanwhile, the bitcoin hashrate has again updated the historical maximum at 66.666 EX / s.