The digital currency and blockchain industry has, over the years, attracted a lot of individuals, organizations, and firms. As more people begin to discover the huge benefits of digital currencies and their underlying technologies, the blockchain industry has seen an influx of developers, companies, and investors. Recently, GMO Internet Inc. – a tech giant based in Japan – decided to make a move into the digital currency mining business.
GMO Internet Inc. Launches Cryptknocker
GMO recently announced the launch of a new Zcash (ZEC) mining software on GPUs (graphics processing units). The firm made this announcement via a press released on the 28th of September, and the firm dubbed the new client “Cryptknocker.”
The new client released by the firm would allow miners to mine Equihash algorithm-based digital currencies such as Zcash (ZEC) with GPUs. Cryptknocker is only one of the numerous ventures of the firm into the digital currency space. GMO Internet Inc. is already running on its own GMO Coin digital currency trading platform and it has also adopted Bitcoin (BTC) as a means of payment for some of its staffs.
The firm said that the new mining software can be downloaded for free. However, it is going to collect two percent of the mining profits of users as compensation for the costs of development. GMO Internet Inc. is already in the Bitcoin (BTC) mining business, nevertheless, it made a move into the mining of Zcash (ZEC) despite the fact that there has been a continuous decline in profits from its mining business over the past months.
Back in August, the firm made an announcement that it would be debuting its apps based on Bitcoin (BTC) for in-game rewards tagged “CryptoChips.” Blockchain technology and digital currencies have seen an increased level of interest over the years, and this has increased their adoptions also.
Zcash (ZEC) Price Today – ZEC / USD
At the time of writing, Zcash (ZEC) is trading at $132 after a decrease of about 7 percent over the past twenty-four hours. The digital currency currently has a market cap of $648.47 million with a trading volume of $147.08 million over the past twenty-four hours.