Japan’s Entertainment Group, DMM Group Gets into Mining
DMM Group, the operator of e-commerce site DMM.com with 27 million members, has announced that it will operate a large-scale cryptocurrency mining farm.on Friday that it has established a Virtual Currency Division which will operate a mining business beginning in October. DMM’s announced its plans to become one of the top three mining farm companies in the world. The company states that:
“’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 operation that ranks in 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. During the year 2018, DMM will be one of the 10 largest mining farms in the world. Virtual currencies such as bitcoin and ethereum are expected to be the currencies of the next generation.”
The company will also offer “DMM Cloud Mining” for anyone to join. However, unlike GMO which gave details of its mining operations including the production of 7nm chips, DMM did not reveal any details about their mining chips.
What you should know about DMM and Bitcoin acceptance: DMM Group manages DMM.com, whose core business areas include online shopping, a rental service, and a video on demand service. Its subsidiary DMM.com Securities is the world’s second largest forex company in terms of trading volume, according to the company. In March 2016, the e-commerce giant started accepting bitcoin payments through Coincheck, a leading Japanese bitcoin exchange and merchant service provider. DMM has 27 million members as of June this year, according to the company’s latest data. New announcements are expected.
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