A lot of people were surprised when Japan’s GMO Internet confirmed they would venture into the world of Bitcoin mining. Even so, the firm has been doing so successfully for five months now.
In its most recent monthly report, the firm indicated that its hash rate has increased significantly, even though Bitcoin Cash mining has come to a complete halt. Considering the position of GMO Internet in Japan, it is quite interesting to see how the company looks at all aspects of Bitcoin. In particular, GMO Internet’s mining operation has been of great interest to cryptocurrency enthusiasts all over the world.
The firm has set up a mining venture focused on both Bitcoin and Bitcoin Cash, which is pretty interesting to take note of. Since last December, the firm has been mining both cryptocurrencies without any major problems. In fact, the overall hash rate has increased from 22 to 241 petahash per second over the course of those five months.
This twelve-fold increase should not be underestimated by any means, as it confirms that the firm is quickly expanding its mining operation. One particularly interesting point is that the company initially mined a lot more Bitcoin Cash compared to Bitcoin.
Although that is not necessarily the biggest of surprises, it did set an interesting tone. As such, most people expected GMO Internet to continue down this line, even though the reality turned out to be very different. Read more from altcointoday.com…
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