Giant e-Commerce DMM presumably comes out of the mining business. It is reported Bitcoin.com, referring to the Japanese Toyo Keizai online.
The main reason for the decision — a sharp decline in the profitability of this business line. The company plans to begin to sell equipment in the first half of 2019.
Initially, the DMM Group plans were extremely ambitious — the company was optimistic about the future development of kryptonyte and planned to build one of the largest mining farms in the world. In addition, in early 2018 DMM opened a laboratory specializing in technology research of mining.
Now, according to the founder of DMM Casey Kameyama, the company intends “to focus on the development of stock exchange business and on the various blockchain solutions”. In particular, the conglomerate has a division of DMM Bitcoin, which is licensed crypto currency exchange.
Among other things, last week it became known that the previously announced DMM start trading app Cointap will not take place. The company believes that the terms bear market and amid frequent attacks on the exchanges will be difficult to attract a large number of beginners capturadora.
Recall that just a week ago it became known that the Japanese IT giant GMO Internet will cease production of mining equipment due to huge financial losses.
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