2018-7-9 13:18 |
Mining
Kumamoto Electric Power Company and OZ Mining Corporation have announced that they will start operating a crypto mining farm from August, aiming to install 14,000 mining machines and reach 90 million yen profit by March 2020.
Also read: Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner
Kumamoto Electric Power Company to Offer Cheap Rates
Kumamoto City in the Kumamoto Prefecture are located on the Kyushu island in southern Japan.
Kumamoto Electric Power Company is also set on spreading crypto mining factories throughout Japan, according to a statement, making use of the cheapest electricity price in the country, limited to KEPCO (Kansai Electric Power Company) and TEPCO (Tokyo Electric Power Company).
“Since the liberalization of the electric power market took place in early 2016, there are more and more electric power companies offering lower electric fees.
In the Kyushu [Southern] region, I believe Kumamoto Electric Company offers one of the cheapest rates,” a salesperson at Kumamoto Electric Company told news.Bitcoin.com.
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