Japanese IT big GMO Internet is about to roll out the world’s first bitcoin mining system based mostly on 7nm chips inside the yr.
According to an announcement on Wednesday, the agency stated it’s launching the brand new B2 miner on June 6 with mass manufacturing to comply with and cargo beginning by the top of October.
The launch comes following a months-long testing interval because the agency initially revealed it was researching and creating the brand new ASIC processor in September 2017. While the system ought to present high-levels of hashing energy with decrease electrical energy calls for, the agency stated it’s going to present particulars of the B2’s worth and efficiency on the June launch.
According to the announcement, as well as to promoting the B2 to different miners, GMO additionally plans to make the most of the brand new product at its present mining amenities.
As beforehand reported by CoinDesk, the publicly listed Japanese agency made a notable leap into bitcoin mining enterprise final yr with a $90-million price range to again explorations within the area, together with chip making and its personal mining farms.
GMO’s mining amenities have been up operating because the finish of 2017 and, as per a report released earlier this month, the agency has already mined 906 bitcoin and 537 bitcoin money as of final month.
While the price of manufacturing stays unknown, the entire worth of these mining rewards quantities to almost $eight million based mostly on the newest CoinDesk prices.
Meanwhile, GMO is not the one one main tech agency planning to carve out a slice of the bitcoin mining business by introducing extra superior mining chips. Notably, Samsung can also be beginning a “risk production” of 7nm chips in 2018, in accordance to a report by CoinDesk in February.
In addition, GMO announced in October of final yr that it will promote its bitcoin mining gear in 2018 by way of an preliminary coin providing. A consultant advised CoinDesk immediately that the agency continues to be contemplating the thought, however couldn’t disclose extra info due to the early stage of the plan.
Bitcoin miner picture by way of Shutterstock