RATE Group | GMO Unveils Japan’s First-Ever Bitcoin Mining Rig
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GMO Unveils Japan’s First-Ever Bitcoin Mining Rig

05 Jun GMO Unveils Japan’s First-Ever Bitcoin Mining Rig

Posted at 15:17h in Bitcoin News by

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Tokyo-based tech services company GMO Internet has this week unveiled the first bitcoin mining rig wholly-developed by a Japanese company.

In addition to being the first bitcoin mining device developed in Japan, the B2 is also the first miner to use 7nm semiconductor chips, enabling it to achieve performance and efficiency gains over devices that are already on the market. Bitmain’s Antminer S9 uses a 16nm chip, while Halong Mining’s DragonMint T1 features a 10nm chip produced by Samsung.

GMO believes the release of this miner is the first step in supplanting Bitmain — which currently manufacturers an estimated 80 percent of all ASIC miners — as the dominant force in the industry.

“I respect Bitmain, but we will top them,” GMO CEO Masatoshi Kumagai reportedly said.

Bloomberg tech reporter Yuji Nakamura reports that, though developed in Japan, the B2’s 7nm chips were produced…

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