Tech Giant GMO Wants to Help You Mine Zcash – For a Cut
Japanese IT giant GMO Internet has made another move into the cryptocurrency space with the launch of a GPU mining client for zcash.
The charter makes GMO one of only 27 companies licensed in New York to engage in virtual currency activities.
Potentially the world's biggest bitcoin mine, one still under construction, is said to have signed up two top corporate customers in the form of SBI Holdings and GMO.
The companies say the move will eliminate bottlenecks in the moving and settling of Japanese yen associated with traditional financial rails.
Japanese IT giant GMO Internet has reported an operating loss of nearly $12 million for its crypto business in 2018, with mining worst hit.
Japanese IT giant GMO Internet plans to stop making and selling crypto mining machines, only months after launching its B3 miner.