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
Cover image via u.today

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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