The Japanese giant GMO Internet announced on Monday that it is currently developing cutting-edge 7 nm process technologies for chips to be used in the mining process.
According to the company, it succeeded in developing a new 12 nm FFC (Fin FET Compact) process based mining chip (12 nm FFC mining chip). The company currently working on research and development with partner who possesses semiconductor design technology to realize next-generation mining board, the company said.
GMO Internet is also completed validation of SHA256 logic circuit, an encryption algorithm used in Bitcoin and Bitcoin Cash.
Company announced that it will not sell mining boards equipped with 12 nm FFC process based mining chips and it will continue to work on research and development of a 7 nm process technology for chips to be used in the mining process.
GMO Internet also launched on Monday Z.com Cloud BlockChain, a PaaS type blockchain platform that allows building decentralized Apps on Ethereum blockchain. The service has been in Beta since December 2016.