Published On: Fri, Sep 8th, 2017

Japanese Company Jumping into Bitcoin Mining Could Start Digital Arms Race

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A Japanese company, GMO Internet Group, is looking to jump into bitcoin mining with new chips that could start a digital arms race.
One thing you can say about the subject of bitcoin mining is that it’s never dull. New players and technologies continue to rise up to keep everything interesting. The newest player to venture into bitcoin mining is GMO Internet Group, which is based in Tokyo, Japan. The company has long been associated with hosting web services and registering domain names, but it now plans on jumping into bitcoin mining with a sizeable monetary investment.
Joining the Modern Gold Rush of Bitcoin Mining
GMO Internet Group has worked with cryptocurrency through its regular internet-based business activities by accepting digital currencies as payment as well as starting an exchange and trading service. Now it seeks to join the modern gold rush of bitcoin mining by creating a new entity called GMO Coin, Inc. The Japanese company believes that cryptocurrencies will become “new universal currencies” that will be available for use by anyone in the world and eventually create a “new, borderless economic zone.”

GMO Internet Group is following the template of other major …

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