The Japanese technology company GMO Internet sent all its mining capacities to Bitcoin (BTC) production in July. This was reported by the well-known crypto-investor Trace Mayer, who received a copy of the company’s report on the hash and coins it had produced.
Why would GMO Internet switch all mining capacity to $BTC from $BCH? Only ~$37,867 for one hour 51% $BCH attack? Does DARI ratio account for block maturation times? Nov fork? What could possibly happen with this $9B testnet? Sure is fun to watch! ? ? https://t.co/2P55FNxK23 pic.twitter.com/hZLx2hDUk6
— Trace Mayer (@TraceMayer) 24 августа 2018 г.
The document states that during July GMO did not get any Bitcoin Cash coins, but 568 BTC for this month. By comparison, by the end of December last year the company produced only 21 BTC and 213 BCH.
The aggregate hashed of company-controlled mining capacities was 384 PH/s.
According to Mayer, the company intentionally abandoned the production of Bitcoin Cash because of the growing problems with this project. He also noted that to implement the “51% attack” on this network, funds of less than $40 thousand are needed.