|Duration : Period :|
Technical analysis trends GMO INTERNET INC.
|Short Term||Mid-Term||Long Term|
|Number of Analysts||10|
|Average target price||2 739 JPY|
|Spread / Average Target||-9,3%|
|1st jan.||Capitalization (M$)|
|GMO INTERNET INC.||54.08%||3 172|
|TENCENT HOLDINGS LTD||1.47%||513 245|
|NASPERS LIMITED||-4.74%||116 350|
|WEIBO CORP (ADR)||1.68%||23 469|
|IQIYI, INC||0.00%||20 523|
GMO Internet : Japan`s GMO Internet unveils bitcoin mining machine
06/09/2018 | 12:42pm CEST
Japanese internet service company
The device, called GMO Miner B2, lowers operating costs to a fraction of those offered by competing devices, according to the company. It will start shipping the machines by the end of October.
Using the 7nm semiconductors lowers operating costs for virtual currency miners to one-fifty-fifth that of competing devices,
GMO entered the mining business in December, setting up mining centers in Scandinavia to save on server cooling costs. It has around 20,000 machines already in operation. The company sells and rents GMO Miner B2s installed with its specially designed chips.
The machines are optimized for mining bitcoin and Bitcoin Cash, a variant of the cryptocurrency. They sell for around
GMO Miner B2s cut power consumption by connecting up to 32 machines at a time. That reduces the space needed for equipment and the time required to mine coins by about half compared with conventional servers.
Bitmain Technologies, based in
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