Crypto Mining Lab Created By Japan’s DMM Group

Announcements, News | January 5, 2018 By:

Japanese entertainment giant DMM Group will be creating a research and development (R&D) specialty lab for cryptocurrency mining called “DMM Mining Labo.”

DMM Group is a Japan-based electronic commerce and Internet company with a diversified group of businesses that includes online shopping and video-on-demand service. The company manages DMM.com, an online entertainment site that allows users to purchase goods and services like e-books, games, mainstream DVD releases, and 3D printing. Its subsidiary, DMM.com Securities, is the world’s second-largest forex company in terms of trading volume.

In September of last year, the Japanese entertainment giant announced its plans to operate “a mass-scale, made-in-Japan, quality mining farm whose operating size will be unmatched by any of the domestic operators.” DMM said it plans to build an operation that ranks in the top three of the world’s mining farm companies in terms of scale.

The newly announced R&D lab will conduct research on a wide spectrum of mining machine types, testing methodologies for achieving optimum balance between their hash power and electricity consumption. The company said the goal of the lab is to achieve the highest per-unit hash power for DMM’s machines. Realizing this goal will enable DMM to optimize its common interests with investors and potential customers for the cloud mining services which DMM will be offering. The long-term goal is to examine options for manufacturing its original mining machines, expanding operations beyond use of ready-made units.

DMM Mining Labo will be open to formalized adoption proposals of new, cutting-edge technologies from research institutes and various development corporations. DMM is also looking to collaborate with major manufacturing companies to run formalized testing on samples of pre-market technologies.