Japanese Tech Behemoth GMO Introduces Mining App For Equihash-Based Currencies

  • Alex Dovbnya
    📰 News

    Japanese Internet giant GMO, after making an announcement about selling 7nm mining chips back in June, is continuing its foray into the cryptocurrency mining industry


Japanese Tech Behemoth GMO Introduces Mining App For Equihash-Based Currencies

Japanese Internet giant GMO, after making an announcement about selling 7nm mining chips back in June, is continuing its foray into the cryptocurrency mining industry by rolling out its own software mining client called Cryptknocker. The software was created explicitly for mining coins that are based on the Equihash algorithm with the help of a GPU.

Cryptknocker can be downloaded for free, but its users have to pay a two percent fee, which is necessary for funding the development of the aforementioned software. While there is a myriad of mining clients, GMO states that Cryptknocker can enhance  mining efficiency by two percent. However, it remains to be seen whether GMO will be able to compete with Bitmain’s Antminer Z9 Mini, which is specifically designed to trump GPUs out of the Equihash niche.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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