Japanese entertainment giant DMM Group, the technicus of e-commerce webpagina DMM.com with 27 million members, has announced that it will operate a large-scale cryptocurrency mining farm. The company plans to become one of the top three mining farm companies te the world.
DMM Group Gets into Mining
DMM Group announced on Friday that it has established a Virtual Currency Division which will operate a mining business beginning te October. DMM’s announcement came one day after Japanese internet conglomerate GMO Internet, Inc. South Korea Releases Official Guidelines for Cryptocurrency Exchanges and Banks its bitcoin mining business project. The company states that:
“DMM Mining Farm” will operate a mass-scale, made-in-Japan quality, mining farm whose operating size will be unmatched by any of the domestic operators. Ter the future, DMM plans operation that ranks te top three of the world’s mining farm companies ter terms of scale.
“After completion of successful trials te October 2018, ‘DMM Pool’ will be released for world-wide use within the year 2018,” the company proclaimed. “During the year 2018, DMM will be one of the Ten largest mining farms te the world.” The company added:
Virtual currencies such spil bitcoin and ethereum are expected to be the currencies of the next generation.
Te addition, like GMO, the company will also opoffering “DMM Cloud Mining” for anyone to join. However, unlike GMO which talent details of its mining operations including the production of 7nm chips, DMM did not expose any details about their mining chips.
About DMM &, Bitcoin Acceptance
DMM Group manages DMM.com, whose core business areas include online shopping, a rental service, and a movie on request service.
Its subsidiary DMM.com Securities is the world’s 2nd largest forex company ter terms of trading volume, according to the company. GMO’s forex subsidiary, GMO Click, is the largest forex broker ter the world by volume.
DMM has 27 million members spil of June this year, according to the company’s latest gegevens.
Ter March 2016, the e-commerce giant embarked Japan’s GMO Internet Develops 12 NM Mining Chips bitcoin payments through Coincheck, a leading Japanese bitcoin exchange and merchant service provider. Using Coincheck’s service, “DMM Points” can be purchased with bitcoin and then exchanged for “contents and services such spil movie, e-books, online spel, VR theater tickets, English tutoring service etc provided by DMM.com,” the exchange detailed at the time.
What do you think of DMM’s project to launch a mining farm and become one of the largest mining pools? Let us know ter the comments section below.