GMO Internet’s Cryptocurrency Mining Business Develops 12 nm FFC Process Technology for Semiconductor Chips: Progressing towards realizing a cutting-edge 7 nm process technology for mining chips
January 22, 2018 at 01:09 am
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As the first step of the research and development, we have succeeded in developing a new 12 nm FFC*2 process based mining chip (12 nm FFC mining chip). The following outcomes have been obtained, which are significant milestones as they show that we are closer to realizing a 7 nm process technology for chips to be used in the mining process.
1. Prior to the development of a 7 nm process technology, validation of SHA256*3 logic circuit is complete.
2. We have succeeded in developing 12 nm semiconductor mining chip, a cutting-edge ASIC*4 mining hardware.
Cutting-edge 7 nm process technology for chips will be used in the mining process, and GMO Internet will continue to work on research and development, using the next-generation mining boards in the mining process in the first half of 2018.
*1 nm: nanometer. 1/1 billion meters. 1/1 million millimeters.
*2 FFC is an abbreviation of Fin FET Compact, which is one type of field effect transistor with 3-dimensional structure.
*3 SHA256 is an encryption algorithm used in Bitcoin and Bitcoin Cash.
*4 Integrated circuits (circuits having multiple features) for a specific usage are collectively referred to as the ASIC.
Mining board equipped with 12 nm FFC process based mining chips
12 nm FFC process based mining chips
In consideration of the fact that GMO Internet has succeeded in developing a 12 nm FFC mining chip, we will proceed to the next step of the development to realize a 7 nm process technology for chips to be used in the mining process. We will not sell mining boards equipped with 12 nm FFC process based mining chips.
Cryptocurrency mining business
GMO Internet has announced entry into cryptocurrency mining business in September 2017 to support mining infrastructure of cryptocurrencies, which are the 'new universal currencies,' by leveraging our accumulated know-how in Internet Infrastructure and Internet Finance, and launched the business on December 20, 2017, earlier than initially planned.
Cryptocurrency mining business requires computers enabling highly sophisticated and intensive computation and also requires securing stable power supply to operate and cool the computers. GMO Internet operates its mining center utilizing plentiful renewable energy in Northern Europe, which has allowed us to achieve low power consumption.
We are developing high performance computers (mining boards) for mining with our alliance partner who possesses semiconductor design technology. Prior to the development of our own mining boards, we are using existing mining technology for mining.
GMO Internet will continue to work on research and development of a 7 nm process technology for chips to be used in the mining process, and will also introduce the next-generation mining boards equipped with these chips in the first half of 2018. Please see the following link for more information on the outlook for the future: https://mining.gmo.jp/en/ .
*Please note that the above details may be subject to change without notice.
Reference
GMO Internet Group
GMO Internet Group is an Internet services industry leader, developing and operating Japan's most widely used domain, hosting & cloud, ecommerce, security, and payment solutions. The Group also includes the world's largest online FX trading platform, as well as online advertising, Internet media, and mobile entertainment products. GMO Internet, Inc. (TSE: 9449) is headquartered in Tokyo, Japan. For more information, please visit http://www.gmo.jp/en/ .
GMO Internet Inc. published this content on 22 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 January 2018 06:09:09 UTC.
Original documenthttp://www.gmo.jp/en/news/article/?id=764
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GMO Internet Group Inc, formerly GMO Internet Inc, is engaged in Internet infrastructure business, Internet advertising and media business, Internet finance business, crypto asset business and incubation business. The Company operates through five segments. The Internet Infrastructure segment is engaged in domain business, cloud hosting business, electronic commerce (EC) support business, security business, and access business. The Internet Advertising and Media segment is engaged in Internet advertising business, Internet media business, and Internet research business. The Internet Finance segment provides financial instruments trading services such as online securities trading services and foreign exchange margin trading services. The Crypto Asset segment is engaged in the business related to crypto asset exchange and mining. The Incubation segment invests in unlisted companies, mainly Internet-related companies. The Company is also engaged in the mobile entertainment business.
GMO Internet’s Cryptocurrency Mining Business Develops 12 nm FFC Process Technology for Semiconductor Chips: Progressing towards realizing a cutting-edge 7 nm process technology for mining chips