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Mining? No thank you – Japanese Online giant DMM.com is crypto-Mining

the crypto-Winter continues, despite the recent signs of Recovery. Therefore, do not need to attract the Bitcoin-Miner hot, if you throw in the towel. The Japa

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Mining? No thank you – Japanese Online giant DMM.com is crypto-Mining
the crypto-Winter continues, despite the recent signs of Recovery. Therefore, do not need to attract the Bitcoin-Miner hot, if you throw in the towel. The Japanese online retailer DMM.com ranks now seem to be in the ranks of those who broke under the bear market and competitive pressures, and still be young Mining business abandoned.

By Christopher clover
3. January 2019TeilenFacebookTwitterLinkedInxingemail

The online retailer DMM.com operates in the future, no Bitcoin Mining. How Nikkei.com 30. December reported, the Japanese E-Commerce giant DMM.com going to throw the ASICs to the grain. Accordingly, the company has decided the task of the Mining business, already in September. As reasons the company cited the decline in the Bitcoin price, as well as "Overheating of the competition".

To include the core business areas of DMM.com Shopping, rental and Video-on-Demand Service Online. Additional services include solar panel Services, charity auctions, Online games, Online English classes, and 3D printing. The subsidiary DMM.com Securities offers foreign exchange services for private investors.

DMM operates with DMM Bitcoin in addition to a platform for trading virtual currency. In December, DMM, announced that the plans for a further platform ("Cointap"), which should complement the Service of DMM Bitcoin, have been stomps.

the Major bleed

Meanwhile, the industry leader Bitmain springs – had to be more precise: employees go. According to insider reports, layoffs are also in the Mining market leader, due to the development of the cryptographic classes in the past year, into the house. The magnitude of the layoffs is currently speculated violently. The most pessimistic estimates suggest a reduction of the staff by 85 percent. Bitmain chip is first and foremost a manufacturer. The most famous product of the Antminer, ASIC-equipped Mining Hardware. Although Bitmain operates with the Antpool (yet, one must say) one of the largest Bitcoin Mining Pools; for the turnover of the business with ASICs, however, are mainly responsible. The strategic refocusing on the core business is to be considered in the context of the planned IPO of Bitmain. The same is true for the fact that now, apparently, the two CEOs Jihan Wu and Micree Zhan their positions need to fear.

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