Japan's GMO Corporation is working to expand its own mining operations through cryptocurrency into a post-KFU client through a software program designed to mine zcash and other Equihash-based encryption devices using general-purpose GPU chips.
Japanese company releases Zcash mining software
Cryptoknocker Madbalij software is specifically designed for mining platforms consisting of NVIDIA graphics cards (GeForce 8 or later).
While the program itself is free, genetically modified organisms want to receive a portion of the revenue generated by it, that is, two per cent of the users who produce the currency during the operation of the client. Genetically modified organisms say these fees are offset by a 2% improvement in efficiency compared to other mining clients in Equihash.
Although used by a variety of cryptocurrencies, Equihash is often associated with a zcash-centric privacy, which is currently the 21st largest currency through the market cap. Like many other mining algorithms, it has been developed to be resistant to ASIC, ensuring that it can be extracted without the specialized hardware available only from a small group of manufacturers.
However, China-based giant mining giant Bitmain recently announced the ASIC zcash, suggesting that unless ZCASH is vigorously changing its Equihash counterparts, the ZEC mining era with general-purpose hardware will soon come to an end.
In the face of a similar predicament following the release of Cryptonight ASIC, the monero community decided to activate a strong fork and "brick" these new drilling rigs. However, Zcash chose not to make maintaining ASIC resistance a development priority.
GMO builds Cryptocurrency mining business
The development of Cryptoknocker is another prolific GMO that is publicly traded in mining using cryptocurrency.
Earlier this year, the Tokyo-based company unveiled the first line of bitcoin miners developed by a wholly Japanese company. The company's chief executive said at the time that GMO planned to block Bitmain, which controls 70 % Of encrypted currency. ASEC Market.
In addition to the production of mining platforms and software, GMO also oversees the internal mining process. According to the company's latest monthly report, GMO extracted 510 BTC and 25 BCH in August with a waste of 459 pH / s, using miners produced by other manufacturers. The company hopes to increase the discount by more than 70 percent before the end of the year.
"We will continue to introduce the mining machine from other manufacturers to internal mining." Our plan is to see our retail rate exceed 800 pesos / s by the end of Decemb
