Japanese GMO Internet Designs 12 nm Mining Chip

GMO Internet is working on research and development of a 7 nm process technology for chips to be used in the mining process
24 January 2018   1185

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.

GMO Internet to Release 7nm Bitcoin Miner

Mass production is planned to begin on June 6;  shipment starting by the end of October
24 May 2018   113

Japanese IT-company GMO Internet intends to release the world's first devices for bitcoin mining based on 7-nm chips before the end of this year. This is reported by Coindesk.

The company will start production of the new B2 miner on June 6, and its deliveries will begin in late October.

The announcement was made after several months of research and development of technology for the future device. Company reported on its plans to develop ASIC miner last September. It is expected that the device will be able to provide greater computing power with less electricity, but more detailed information will be provided along with the official announcement in June.

In addition to selling B2 to other miners, GMO Internet plans to install new devices on its own farms. Last year, the company allocated $ 90 million to develop its own business in this area.