Japan's e-commerce and Internet Group DMM Group is creating a cryptocurrency mining professional laboratory. The company also announced other plans for its mining operations.
DMM set up mining laboratory
DMM Group, the operator of DMM.com, a popular e-commerce site with 27 million members, announced on Thursday that it will set up a special laboratory for research and development of cryptocurrency mining, called DMM Mining Labo.
“In order to increase the hashing power as much as possible,†the company said, the lab team will “experience multiple experiments and iteration cycles to improve the setup and commissioning of our professional machines.†DMM introduced the lab to extensive digging The type of mining equipment is continuously studied and tested to find the “best balance between hash computing power and electricity consumptionâ€. The company's announcement is as follows:
“For the foreseeable future, DMM Mining Labo's goal is to achieve the highest unit hashing power for our machines... In the long run, DMM will consider other options for its original mining machine, using off-the-shelf units Expand operations beyond force."
DMM mining plan
For the first time in September 2017, the group announced plans to operate a “large-scale†mine built in Japan. The company said at the time: "The DMM plans [established] a mining company that ranks among the top three global mining companies." At the same time, the company added:
“In 2018, DMM will be one of the top ten mines in the world.â€
DMM said in a statement released on Thursday that the company is "open to accept the formal adoption of this technology proposed by research institutions and various development companies" and looks forward to working with major manufacturing companies. In addition, the laboratory “prepares to formally test pre-sales technical samplesâ€.
At the same time, another Japanese conglomerate, GMO Internet, has also started mining operations through its European legal entity since last month. The company details that GMO is using existing technology to mine in a mining center in Northern Europe, and is also developing a 7nm chip, adding that it is working with partners with the required semiconductor design technology for R&D. GMO plans to use 7nm mining plates during the mining process in the first half of this year and will sell them as first-time tokens (ICO).
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