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Japan's Internet Giant GMO Launching Bitcoin Mining with 7nm Chips - Bitcoin News

Japan’s leading internet conglomerate and bitcoin exchange operator GMO has announced that it is expanding into the businesses of bitcoin mining and chip manufacturing. The company revealed plans to produce and sell 7nm semiconductor chips and run a mining facility in Northern Europe.


https://news.bitcoin.com/japans-internet-giant-gmo-launching-bitcoin-mining-with-7nm-chips/ (https://news.bitcoin.com/japans-internet-giant-gmo-launching-bitcoin-mining-with-7nm-chips/)

whats everyones opinion on this matter? what will this mean for bitmain? what kind of ripple effect will this have on Altcoins?

This press release is 3 months old.  Wake me up when it actually happens.

waiting for new mining hardware, high speed and low power :D

I'm not sure how about their miner's stability and it will last how long. You know for mining, the machine has to work with heavy load in 24/7/365, so is 7nm is quite dangerous for that?
7nm means they're staying among the state-of-the-art chip, even Iphone X chipset is fabricated in 10nm process. So it looks like havent not much chipsets were successfully developed in 7nm yet.

Actually with 7nm fabrication process, GMO's miner should be consume less power and give much higher speed than that of current Bitman's product. Yeah, as they estimated 50,000 chips to deliver a total hashpower of 500 petahashs per second (PH/s). Based on all these, if they are going to sell machine, I would like to buy at 2nd or 3rd batch with at least 6 months guarantee.

If this is matured and new mining hardware well tested, I would like to give it a try. Wondering when will they release it and expected price?

yes will definetly be interesting but I think it will be awhile before we see a miner from them