Japan’s DMM Enters Cryptocurrency Mining Race
- DMM says the size of its 'made-in-Japan quality' mining farm will be unmatched by any domestic competitors.
It appears that regulatory changes in Japan, favorable towards Bitcoin and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in general, has ignited a mining race between the country's internet giants. DMM.com Inc. has announced the establishment of a 'Virtual Currency Division' which will begin operation of a cryptocurrency mining business, 'DMM Mining Farm', in October.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The conglomerate says that the 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." In the future, DMM plans to have an operation that ranks in the top three of the world’s mining farm companies in terms of scale.
After completion of successful trials in October 2017, 'DMM POOL' will be released for world-wide use within the year 2017. And according to the plan, DMM will be one of the ten largest mining farms in the world during the year 2018.
The announcement also reveals that the company is developing 'DMM Cloud Mining', meant to be a safe and secure service that enables the general public to easily join the venture.
The Tokyo-headquartered group manages DMM.com, an online shopping empire site that offers everything from e-books and video on demand to solar panels and robots. It is perhaps best known around the world for its Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading subsidiary DMM.com Securities.
This news comes very soon after one of DMM's main Japanese rivals, GMO Internet, announced that it will operate a Bitcoin mining center in Northern Europe utilizing 7 nano-meter chips.
It appears that regulatory changes in Japan, favorable towards Bitcoin and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in general, has ignited a mining race between the country's internet giants. DMM.com Inc. has announced the establishment of a 'Virtual Currency Division' which will begin operation of a cryptocurrency mining business, 'DMM Mining Farm', in October.
Learn how to buy Bitcoin and Ethereum safely with our simple guide!
The conglomerate says that the 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." In the future, DMM plans to have an operation that ranks in the top three of the world’s mining farm companies in terms of scale.
After completion of successful trials in October 2017, 'DMM POOL' will be released for world-wide use within the year 2017. And according to the plan, DMM will be one of the ten largest mining farms in the world during the year 2018.
The announcement also reveals that the company is developing 'DMM Cloud Mining', meant to be a safe and secure service that enables the general public to easily join the venture.
The Tokyo-headquartered group manages DMM.com, an online shopping empire site that offers everything from e-books and video on demand to solar panels and robots. It is perhaps best known around the world for its Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading subsidiary DMM.com Securities.
This news comes very soon after one of DMM's main Japanese rivals, GMO Internet, announced that it will operate a Bitcoin mining center in Northern Europe utilizing 7 nano-meter chips.