[2017-09-09] Japan’s Entertainment Giant DMM Launching Bitcoin Mining Farm...

[Slow death]

Japan’s Entertainment Giant DMM Launching Bitcoin Mining Farm and Pool

Japanese entertainment giant 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. The company plans to become one of the top three mining farm companies in the world.

DMM Group Gets into Mining

DMM Group announced on Friday that it has established a Virtual Currency Division which will operate a mining business beginning in October. DMM’s announcement came one day after Japanese internet conglomerate GMO Internet, Inc. announced its bitcoin mining business plan. 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. "

keep reading here:  https://news.bitcoin.com/japans-entertainment-giant-dmm-launching-bitcoin-mining-farm-and-pool

[Kemarit]

Wow. This is really good news because of all the issues that we are seeing from the Chinese government putting a hardline stance against bitcoin and I'm assuming that their next target are those mining farms located in the province. This news will have a major impact so at least we have something to lean on in case China will reduced their bitcoin mining farm because of he clamping of the government. We will have now a alternative and the domination of the Chinese market will be challenge. Knowing Japan in terms of technology, I think they can also manufactured their own mining hardware to compete with the Chinese.