GMO Wants a Bigger Piece of the Mining Pie, Unveils Its New B2 Miner

For the crypto mining enthusiasts, the wait is finally over as the Japanese IT giant GMO Internet, has finally announced the specifications of its upcoming 7nm semiconductor chip-laced Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term mining devices. The firm is calling the new chip GMO 72b.

The new B2 mining devices will have a Hash Rate Hash Rate A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain A hash rate is the measure of a cryptocurrency miner’s performance and a key security metric. In the context of mining, the more hashing or computing power in a given network, the greater its security and its overall resistance to attackMining hashrate is a key security metric. The more hashing (computing) power in the network, the greater its security and its overall resistance to attack. Hash rate is also a measurement of the output of a device that is used to add transactions to a blockchain Read this Term of 24TH/s. This is massive when compared to the hash rate of current market leader Bitmain S9, which peaks at 14TH/s. The new machine is a considerable achievement on the part of GMO and will lure the professional miners towards the product.

Moreover, the chips will have a power requirement of 1950w per unit and will consume 81W per 1 TH/s.

GMO also unveiled the price of the per B2 mining unit, and they are certainly not cheap. A mining enthusiast has to shell out $1,999 to get a single unit, more than double the price of Antminer s9, which is listed for $837.

GMO unveils Japan's first-ever Bitcoin mining chip B2:
🛒$1,999 (vs $837 for Bitmain's S9)
⚡️24TH/s (vs 14TH/s for S9)
🇹🇼Designed in JP, produced in TW
🔌1,950w per unit
📅Reservations start June 6, ships by Oct end
👨‍💼CEO: "I respect Bitmain, but we will top them" pic.twitter.com/m04WGBX1jf

— Yuji Nakamura (@ynakamura56) June 5, 2018

In September last year, GMO first unveiled that it is researching and developing the new ASIC processor to make the mining process more efficient. Last month, the firm unveiled B2 after a month-long testing process, however, in that official notification, it did not reveal any technical specs.

GMO is also set to start the reservation for the B2 devices on June 6 and is planning to ship them by the end of October.

Masatoshi Kumagai, President and Chairman of the GMO Internet, is very optimistic about the new product and believes that it will beat the market competition. A rough translation of his comment says: “The performance per unit is higher than that of major competitors' products. If we switch from over 20,000 mining machines operating in Scandinavia to GMO minor B2, the installation space will be about half in terms of equivalent performance. I am done.”

According to Kumagai, GMO has invested 10 billion yen ($91 million) in the development of B2 miners.