The Japanese company GMO's R&D team are developing a 7nm die for bitcoin ASIC mining hardware which lower energy cost and high efficiency mining which is 2 times faster, 2 times smaller and less power consumption, the 7nm die saves a lot of space in chip packaging which means more density and more parallel processing in one single hardware.It will able to rival China's Bitmain mining hardware, the leading ASIC mining manufacturer to this date. The Bitmain's chip current design is 14nm and manufactured in Taiwanese largest semiconductor froundry - TSMC. If the project is successful the Japan could be the next mining pool hub in Asia and aims to acquire at least 20 percent of the total mining pool worldwide.
The market has been longing for an introducing of better and more efficient mining hardware. we are hoping that Japan can be able to fully commercialized this idea because the market is really ready for this. We have to remember that the main factor in mining (aside from the equipment cost) is the cost of running those equipment that is why China gained a large foothold in this industry because of cheap electricity rates. In places which have higher rates, the perfect solution is to use mining hardware which required less electric consumption.
I believe that Japan has a good ambition of fully replacing China in the world of cryptocurrency as it is now thinking of also dominating the cryptomining industry. And I believe this is much better than dealing with China. I am more comfortable with Japan compared to China.
Long live, Japan!
