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| November 14, 2018

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Weinstein Sued Over Another Alleged Rape

November 14, 2018 |

Actress Paz de la Huerta filed a lawsuit Tuesday accusing disgraced movie mogul Harvey Weinstein of raping her in 2010 and then embarking on a campaign of harassment that harmed her career, the AP reports. The lawsuit filed in Los Angeles Superior Court alleges Weinstein raped de la Huerta twice…

Rain closes some polling venues as Fiji elects new leader

November 14, 2018 |

Heavy rainfall was affecting some voting in Fiji’s general election Wednesday, as two men who led different military coups battled for control of the island nation.
FOX News

Monica Lewinsky Reflects on Her Apology to Hillary

November 14, 2018 |

Monica Lewinsky sat for more than 20 hours of interviews to participate in an upcoming docuseries on her involvement with then-President Bill Clinton and the aftermath, and in a new essay for Vanity Fair , she explains why she would choose to relive such a “painful and traumatic” time in her…

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

November 14, 2018 |

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

Japan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Shipments Postponed

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining EquipmentGMO Internet announced on Monday that it has postponed the shipments of its 7nm ASIC bitcoin mining equipment. The company has two lines of mining rigs: B2 and B3. The former was scheduled to start shipping at the end of October and the latter in November.

A representative of GMO revealed to on Tuesday that the shipments of both lines have been postponed, elaborating:

It is because the parts we need for our mining machines are actually very difficult to acquire right now … It is difficult to acquire some of the electronic components, such as resistors, due to the tight global supply-demand balance.

He added that the company has not decided whether to ship any miners this year.

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

GMO Internet launched the B2 line in June and the B3 line in July. In August, the company upgraded the B3 case shape design in order to improve its cooling performance and operational stability. Both B2 and B3 are priced at $ 1,999 and are sold out.

The representative emphasized that refunds will be issued to any customers who ask for them, noting:

We asked our customers whether they wish us to refund at the time of delay announcement. So far, we have already completed issuing refunds to customers who demanded them.

Relocating Mining Operations

Through its Swiss subsidiary, GMO engages in three mining business areas: in-house mining; developing, manufacturing and selling mining machines; and cloud mining.

On Nov. 5, the company released the monthly report of its mining business which shows that 595 BTC and 875 BCH were mined in October. GMO’s total hashrate increased to 674 PH/s during the month from 479 PH/s in the previous month.

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining EquipmentIn its quarterly earnings presentation, the company still says it aims “to become No. 1 in the field of cryptocurrency.”

The internet giant further detailed that its mining business recorded a loss during the third quarter even though the expansion of mining facilities progressed as planned. The company attributed the loss to a small net sales increase of only 1.249 billion yen ($ 11 million) year-on-year “because of a decline in profitability due to the deteriorated macro environment including stagnant bitcoin price and an increase in hash rate,” reiterating:

Cryptocurrency mining business experienced a decline in profitability due to a downturn in the macro environment.

At Monday’s press conference, GMO Internet’s founder and CEO, Masatoshi Kumagai, unveiled his company’s plan to relocate its mining operations in an effort to boost profitability by lowering electricity and production costs.

The GMO representative confirmed the plan to However, he noted that the details of location and timeframe are “under consideration at this moment,” emphasizing that “we have not decided it yet.”

What do you think of GMO postponing the shipments of its 7nm bitcoin mining equipment? Let us know in the comments section below.

Images courtesy of Shutterstock and GMO Internet.

Need to calculate your bitcoin holdings? Check our tools section.

The post Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment appeared first on Bitcoin News.

Bitcoin News


Doctors rescue baby from pregnant woman killed with crossbow

November 14, 2018 |

An unborn baby has been saved by doctors after his mother was shot and killed with a crossbow in East London, the UK Press Association reported. – RSS Channel – World


P!nk’s Husband Carey Hart Warns California Wildfire Looters, You Will Be Shot On Site

November 14, 2018 |

P!nk’s husband has a message for the spineless thugs ransacking homes left vacant in the evacuation zones of the raging SoCal wildfires … try looting our neighborhood, and you’ll be shot on site!  Carey Hart, the former pro motorcycle racer,…

Fairplex proposes deal to pay Pomona $1.5 million extra to mitigate noise, traffic and trash problems

November 14, 2018 |

In hopes of resolving friction with neighbors, operators of the Fairplex in Pomona are proposing adding fees to ticket prices for some fairground events to help pay to address noise, traffic and trash problems.

The new fees charged to fans who attend the annual county fair and music events at the…

L.A. Times – Business

U.S. Hits Russians, Ukrainians With Sanctions Over Crimea

November 14, 2018 |

Treasury says the moves were aimed at preventing attempts by Moscow to normalize relations with the annexed region. What’s News Europe

48 Years Later, Guy’s Christmas Gift From Ex to Be Opened

November 14, 2018 |

Nearly 50 years after the fact, a Canada man will finally learn what his ex-girlfriend gave him for Christmas. Adrian Pearce became semi-famous after revealing last year that back in 1970, when he was 17, his girlfriend gave him a Christmas present just before dumping him and that, in all…

Dad Who Took ‘Nazi Salute’ Pic: Boys Were Just Waving Bye

November 14, 2018 |

The parent who took a photo of Wisconsin high school boys giving what appears to be a Nazi salute on the steps of a local courthouse said Tuesday he was simply asking the teens to wave goodbye to their parents before they headed to prom and never anticipated the image…