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Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6

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Date Set: Japan’s Internet Giant GMO Will Launch 7nm bitcoin Miner on June 6
Date set: japan's internet giant gmo will launch 7nm bitcoin miner on june 6

Japan’s GMO Internet announced that it will unveil its flagship bitcoin mining machine, called GMO miner B2, equipped with the 7nm chips on June 6. Interested customers can register now for the upcoming information session.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Launching on June 6

The wait for 7nm bitcoin mining products from Japanese internet giant GMO may be nearing to a close, as the company announced Thursday:

GMO Internet Group will launch GMO miner B2, which is our own high-performance computer for mining (mining machine), on Wednesday, June 6, 2018. We will mass-produce the world’s first mining machine equipped with a cutting-edge 7 nm process based semiconductor chip (7nm mining chip; ‘GMO 72b’), which will be shipped at the end of October 2018.

Date set: japan's internet giant gmo will launch 7nm bitcoin miner on june 6Illustration of GMO miner B2 provided by GMO.

The company has been working on research and development of the 7nm mining chip since September last year.

GMO has been using “store-bought mining computers” for its mining operation launched in December, as news.bitcoin.com previously reported. Now it is ready to start producing its own mining equipment made with this 7nm chip, which GMO will use for its in-house mining operation as well as offer “the others to potential customers who are planning to mine,” the company confirmed.

While GMO has not released images of the real mining hardware, the company has provided some illustrative images of the GMO miner B2 currently in development.

Date set: japan's internet giant gmo will launch 7nm bitcoin miner on june 6Illustration provided by GMO.
Interested Customers Can Register Now

“An information session for potential customers considering the purchase of GMO miner B2 will be held on Wednesday, June 6 in Shibuya, Tokyo, and we will explain the details of GMO miner B2, such as price and performance,” GMO’s announcement reads.

Date set: japan's internet giant gmo will launch 7nm bitcoin miner on june 6

There will also be an information session for the company’s cloud mining service on the same day. The sessions will be in Japanese. Registration is open to both interested customers and institutional investors. “Customers who have not registered in advance will be refused admission,” GMO emphasized.

Furthermore, GMO Internet no longer plans to use an initial coin offering (ICO) for the sale of its 7nm mining boards as announced in October last year. A representative of the company told news.bitcoin.com, “for this mining machine sales and cloud mining, we don’t plan to utilize ICO.”

How powerful do you think GMO’s 7nm miners will be? Do you want to buy one?Let us know in the comments section below.

Images courtesy of Shutterstock and GMO Internet.

Need to calculate your bitcoin holdings? Check our tools section.

The post Date Set: Japan’s Internet Giant GMO Will Launch 7nm Bitcoin Miner on June 6 appeared first on Bitcoin News.

CoinSpeaker
Blocformglobal: Monopoly Breakdown. Integrations Dawn

However, many talented musicians don’t reach the peak of popularity due to numerous objective conditions including the lack of money and opportunities to present the world with their artwork and the inability to obtain copyrights.

The worst pitfall is there are no pertinent laws or an authoritative institutions to help protect the rights of new artists. This is not healthy for the artists nor for the overall music industry. This process needs to be fair, transparent, and clear allowing artists to extract value from their work.

To support ascending stars and help realize their dreams of becoming real stars, Singapore music lovers have employed their rich technical expertise to implement the Blocform project with an ICO purpose.

Blocform Is Creating the Three Biggest Communities

Music creators are an invaluable gift to the world. Their work should be deservedly esteemed and  preserved in the best possible way. The founders of Blocform have come up with a unique solution to help artists demonstrate their talent to the community and get a decent income while doing the things they love.

They decided to develop the whole ecosystem based on blockchain technology with their own BFG token system, through which users interact and transact with famed personalities having innovative experience in the entertainment, e-commerce, and travel industries.

These are the three core communities Blocform is targeted on, allowing their participants to make smart payments through BFG tokens all around the world.

As a part of this system, the Blocform team has created a mobile application for Android and iOS, by which musicians can deliver high quality, exclusive, short-form video content to smartphone users.

Artists can easily connect with their fans through posting their news and schedules and promote their products without the need to depend on a third party. Fans can track their idols accurately and can access an enormous collection of their preferred artists to directly support them without paying an extra fee.

The Blocform app contains a great variety of unique features for connecting celebrities and users:

Brilliant selling features
Digital tools
Idol tracking ability
Sticker inventory
Live streaming
Live updates in the form of status, pictures, etc.
Gifts to celebrities and artists

In addition to free functionality, the app offers users a paid feature to access the exclusive, premium content, ad-free for only $2.99 per month. The main goals of the app are to bring tremendous value for the users as well as financially supporting artists.

Musicians are provided with various channels to be rewarded:

They can sell their compositions, music productions, creative products, art projects, and branded stickers for fans.
They can air live performances.
They can join online platforms.
They can become guest judges on television shows and other events.
They can organize fan meetings.

Since the Blocform project takes care of all music lovers, the most active fans are also financially encouraged. Blocform offers a reward for the fans to use to store BFG and act as a payment method for the following:

Sponsor favorite artists and invest in potential artists
Sponsor booking online events
Purchase artists’ works and tickets as a means to
support them
Book hotels and flights and pay hotel and other expenses if incurred
Buy merchandise via online e-commerce
Pay for subscription features
Transact between fans

The Blocform project is designed not only for supporting unknown artists, but also for encouraging the biggest stars in the world. Its aim is to facilitate a niche channel for their hard-earned fame by producing, distributing, promoting and monetizing high-quality content from outside the boundaries of their primary occupation and existing contractual relationships.

This helps them upgrade their quality and maintain and grow the pervasiveness of their valuable personal brands. By enhancing their brands, stars are able to reap more financial rewards from their efforts and their very full calendars. Blocform also simplifies the process of organizing concerts through its transparent and secure payment system for ticket sales.

Another crucial part of the Blokform project, is the Top Trade Platform. This is designed for merchants and consumers in the global scale trading community that allows them to use BFG token as the means of direct online payment. It takes only 5 minutes for merchants to open a new online store, while consumers get the opportunity to chat and purchase in a convenient way.

The travel community benefits from Blocform by using Top Trade App, particularly its online booking service, through which travelers are able to book flight tickets and hotels in over 200 countries engaged in the BFG token system.

Precisely, these three main communities determine the BFG’s potential value that is expected to be dramatically increased in the nearest future.

Blocform Token System Peculiarities

For the purpose of the ICO, Blocform Global has generated BFG tokens based on Ethereum and ERC-20 cryptocurrencies. They use blockchain technology to secure and validate transactions without the involvement of 3rd parties.

BFR tokens can be obtained by users through participation in the Blocform Initial Token Sale (ITS). The first launch of the sale is 270 million Blocform Token, 13.5% of the Blocform total issuance at the rate of 1 ETH – 4613 BFG. The quantity supplied is fixed and cannot be changed.

Throughout the process, 13.5% are to be available to participants. Any remaining BFG tokens are to be in a locked account and either burned or distributed among the tokens holders depending on the voted decision of the community.

The ITO date is May 10, 2018, and it ends in 8 weeks. The remaining tokens available set forth on the ITS after September 1, 2018, are to be burned.

The launch of BFG and the token release event give the project the opportunity to grow and increase influence. After Blocform is launched as an advanced social networking site, it can continue to evolve into an e-Commerce platform and online exchange.

Once Blocform is listed for trade, participants can swap with tokens or choose to hold their tokens for any period they wish. For this evolution purpose, Blocform has established an international ecosystem with partners from the USA–China-Japan-Korea-India within the entertainment, travel and e-commerce industries, ready to accept its BFG tokens to purchase exclusive content and other goods and services.

BFG Payment gateway is ready for these services:

Mobile APP World Celebrities

Collecting Big Data: 100,000,000 fans (download digital content)
Membership fee
Revenue from Advertising Services
Revenue from Stickers Selling

Mobile APP E-Commerce

Selling Products/Services to The Global Market
BFG Payment Gateway in The Global Market
Business Owners and Members Create an Online Store with Their Merchandise

Online Booking Service

Booking Flights, Hotels, and Resorts in 200 countries
Airport VIP Turnkey Services Including Membership
BFG Payment Gateway for Online Booking

When people use BFG Tokens, they pay minimum transaction fees but no additional, third-party fees like ticket service or agent fees. Blocform Global wants consumers to keep more of their money and the artists to focus on their platform rather than worry about yesteryear financial barriers in the music and entertainment industry.

The Blocform ecosystem is on the way to breaking down the old barriers between fans, celebrities and consumers by opening a direct channel of communication and trusted e-commerce transactions in the entertainment and travel industry. More than 150,000 subscribers and 1 million fans have already joined the Blocform universe, and this number continues to rapidly grow in parallel with the increasing of the value of the BFG token on the market.

We’re extremely close to the time when communication with a star is as common as communication with a neighbor or best friend. Plus, our favorite musicians can be fully confident they are protected and compensated at their true worth!

The post Blocformglobal: Monopoly Breakdown. Integrations Dawn appeared first on CoinSpeaker.

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