On Tuesday the 23rd of January, Japanese-based enterprise GMO Internet Inc announced that it created a 12 NM FCC process-based chip for crypto mining.
\r\nGMO Internet Inc has claimed that the chip will allow the company to realise the next step in a high-powered computer, which will be designed to meet the demands of crypto mining. This is the first stage in the company\'s research project. The business hopes to go on to create a 12 NM process-based technology that can be used to mine bitcoin. The company said that the chips would be ready at some point during the first part of 2018.
\r\nThe company also announced that it is now also offering the PaaS type blockchain system, a new platform that allows distributed applications to be built by users using cryptocurrency.
\r\nGMO Internet Inc first entered the cryptocurrency scene in September 2017, with the goal of improving technologies so that they could better foster crypto mining. The company previously expressed their optimism on the future of cryptos, describing them as \"new universal currencies\". The company\'s mining centre is currently based in northern Europe and is powered using renewable energy.
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