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

[Samarkand]

...
It is nice to see that other countries are starting to enter mining industry and by doing this, the dominance of China in mining will lessen. Bitcoin's mining difficulty will sure rise because of this, but dominance China to the mining industry and it's monopoly of bitcoin will be lessened. The only matter of concern though is if they are going to succeed in creating a 7nm chip or not but most probably they will succeed after all Japan is way more advanced in technology than any other country.

I was wondering about the viability of 7nm chips as well. If it would be so easy to produce working ASICs with 7nm chips, Bitmain and the other
ASIC manufacturers would already be doing this themselves!

The correction that DMM will invest 3 million $ in Bitcoin mining instead of the originally reported 300 million $ makes me even more sceptical.
I doubt that a 3 million $ investment is enough to seriously hurt Bitmain, because Bitmain is investing much more capital
into the development of ASICs and has more experience in both areas (BTC mining and ASIC manufacturing).

[MAbtc]

DMM Group announced on Friday that it has established a Virtual Currency Division which will operate a mining business beginning in October.

“After completion of successful trials in October 2017, ‘DMM Pool’ will be released for world-wide use within the year 2017,” the company declared. “During the year 2018, DMM will be one of the 10 largest mining farms in the world.”

In March 2016, the e-commerce giant started accepting bitcoin payments through Coincheck, a leading Japanese bitcoin exchange and merchant service provider.

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

Great news. I actually thought it was a typo at first, thinking it was the GMO news. As for displacing China's dominance in mining... that might take a while. We'll have to see how things pan out for these Japanese mining ventures in 2018, and also what Bitfury has in store.

A lot can change between now and the end of H1 2018, when we can expect GMO's operation to have launched, so I'm glad DMM has an even more ambitious timeline to become operational. It'll also be interesting to see what Bitmain does in the meantime...

[0t3p0t]

Shortly after Japan's Internet giant, GMO Internet announced their bitcoin mining plan, 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 announced on Friday that it has established a Virtual Currency Division which will operate a mining business beginning in October.

“After completion of successful trials in October 2017, ‘DMM Pool’ will be released for world-wide use within the year 2017,” the company declared. “During the year 2018, DMM will be one of the 10 largest mining farms in the world.”

In March 2016, the e-commerce giant started accepting bitcoin payments through Coincheck, a leading Japanese bitcoin exchange and merchant service provider.

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

Good news not only for Japan but also in the whole crypto world. Whatever the news is it will affect the whole community either good news or bad news because as I have observed in cryptocurrency world there is the what we called one for all and all for one situation. I am hoping that conglomerates here in my country will also invest in a large scale cryptocurrency mining like Japan. I know that in the future more and more countries will adopt Bitcoin mining and I know that it will add reputation to the community and make Bitcoin more popular.

[redsun114]

Good to see that Japan is really working hard to make things better. China is not needed, we get tired of all the bad news and let’s what Japan can do to change all that. If being one of the top three is what they’re looking forward to, there is no need to say, cause they have achieved it already.