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Japan-based GMO Inc. develops 12 NM mining chips

Jan 24, 2018 Posted /  20540 Views

Japan-based GMO Inc. develops 12 NM mining chips

The Cryptocurrency industry is growing slowly and steadily and right now major firms are entering the space taking it to next level. This depicts that most of the industrial enterprises have started realizing the potential of the digital currency space and how it can benefit it in coming time. Major Internet technology manufacturer GMO Internet Inc. is the new entrant into the virtual currency mining hardware industry. The company has announced that it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next generation of cryptocurrency miners. During the announcement, company explained that innovation according to them specifies pertinent space “towards realizing a […] 7 NM process technology for mining chips.”

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The company publicized that it has triumphantly developed “a new 12 NM FCC process based mining chip” during “the first step of […] research and development.” GMO Inc. itself realized that their achievement is big with respect to advancement in technology and it is a significant accomplishment will help the industry in coming times. The company said

“Realizing their next-generation […] high-performance computer for mining.”

GMO underlined that the development of the 12 NM chips was transpired “prior to the development of a 7 NM process technology” and also affirmed that similar encompasses a “cutting-edge” innovation in “ASIC mining hardware.”

The company was sure that this significant breakthrough will be widely adopted and as such they “will now proceed to the next of the development to realize a 7 NM process technology for chips to be used in the mining.” The GMO Inc. further added that it “will not sell mining boards equipped with 12 NM FFC process based mining chips.”

GMO Internet Reinforces Prominence Within Mining Hardware Industry

Basically, GMO Internet Inc is headquartered in Tokoyo and constitutes more than 60 individual companies, which are domiciled in 10 different countries. The company initially declared its admission in the cryptocurrency mining industry during September of last year. The company articulated its aspiration to sustain the mining infrastructure of virtual currencies. During the pronouncement, the company explained that the cryptocurrency space as the constitution of the “new universal currencies.”

The company currently operates a mining centre power-driven by renewable energy located in Northern Europe. Further GMO Inc. is looking for development in the sector and ready to introduce “the next-generation of mining boards equipped with 12 NM chips in the first half of 2018.”

The announcement of the development of GMO’s 12 NM chips coincided the day the company disclosed that it began “offering [the] official version of [the] ‘ Cloud Blockchain’.”

The company illustrates the new chain as a “PaaS type blockchain platform” that permits users to “build distributed applications” on the blockchain “using Ethereum.” The project had earlier been in beta for a while now (since 2016).

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Tags: Japan GMO Internet mining chips

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