GMO Internet Eyes August Launch for Crypto Cloud Mining Service

GMO Internet Eyes August Launch for Crypto Cloud Mining Service

GMO Internet, a publicly listed IT firm headquartered in Japan, has set August as the tentative launch date for its previously announced cloud mining service. The company revealed last fall that it was devoting tens of millions of dollars to its mining venture, with the aim of building a site for pursuing the energy-intensive process by which new transactions are added to a blockchain and new coins are minted as a reward. With cloud mining, customers can purchase hashing power and receive the rewards of that process, minus any associated fees – though the model has long been associated […]