Will Japan soon become the main cryptocurrency miner?

The latest news, obtained from Japan suggest they are moving towards the new cryptocurrency mining technology. The firm called GMO announced that they are developing a new 7nm semiconductor chip.

The purpose of it is obvious, faster and more efficient mining. The budget for this type of development is $10 billion yen. Japan already spent $3 million.

In US dollars, the value of this project is around $90 million. GMO also announced that they will open a new facility in Europe. It will be responsible for minim specifically.

This is the first major internet company that began focusing on cryptocurrency mining.

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