Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step âtowards realizing a [âŠ] 7 NM process technology for mining chips.â
Japan's GMO Internet Develops 12 NM Mining Chips
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GMO Develops 12 Nanometer SHA256 Mining Chips
GMO Internet Inc. has announced the successful development of âa new 12 NM FCC process based mining chipâ during âthe first step of [âŠ] research and development.â
The company has hailed the development of its 12 NM FFC mining chip as a significant step toward ârealizing their next-generation [âŠ] high-performance computer for mining.â GMO emphasized that the development of the 12 NM chip as has occurred âprior to the development of a 7 NM process technologyâ â stating that such comprises a âcutting-edgeâ innovation in âASIC mining hardware.â
GMO stated that it âwill now proceed to the next of the development to realize a 7 NM process technology for chips to be used in the mining,â adding that it âwill not sell mining boards equipped with 12 NM FFC process based mining chips.â
GMO Internet Reinforces Prominence Within Mining Hardware Industry
GMO Internet Inc, a Tokyo-headquartered entity comprising more than 60 individual companies domiciled in 10 different countries, first announced its entry in the cryptocurrency mining industry during September of last year.
The company expressed its desire to support the mining infrastructure of virtual currencies, describing the cryptocurrency sphere as comprising the ânew universal currencies.â The company presently operates a mining center powered by renewable energy located in Northern Europe, and is seeking to develop and introduce âthe next-generation of mining boards equipped with 12 NM chips in the first half of 2018.â
The announcement regarding the development of GMOâs 12 NM chips came on the same day that the company revealed that it has begun âoffering [the] official version of [the] âZ.com Cloud Blockchainâ.â The company describes the new chain as a âPaaS type blockchain platformâ that allows users to âbuild distributed applicationsâ on the blockchain âusing Ethereum.â The project had previously been in beta since 2016.
What is your response to GMOâs development of a 12 NM mining chip? Share your thoughts in the comments section below!
Images courtesy of Shutterstock, GMO Internet Inc.
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