Some cryptocurrencies represented by Bitcoin have a mechanism in which rewards are paid out by performing a work called “mining” in the blockchain.
Originally, the word mining is used to mean “mining” such as coal mines, but in cryptocurrency mining, roughly speaking, work that contributes to the blockchain and obtains cryptocurrency as consideration. Refers to a series of work.
Also, those who mine these cryptocurrencies are called “Miners”.
Mining requirements differ depending on each cryptocurrency, for example Bitcoin (BTC) boasts a huge transaction volume of tens of billions of yen every day all over the world, but the record of this transaction is not managed by the central bank, but it is managed by everyone with blockchain technology.
Then, the individual transaction data when Bitcoin (BTC) is remitted is put together to form one “block”.
Then, important information such as “when”, “who (which address)”, and “how much Bitcoin (BTC) was traded” is written in this block, and a third party checks the transaction information and approve.
This “work to approve the transaction as a third party” becomes Bitcoin mining, and the miner who approves this remittance is paid.
If you are a little familiar with cryptocurrencies, mining may sound like an investment story, but this mining work is responsible for the blockchain ecosystem, which is characterized by a mechanism of decentralization. It’s an important factor.
In other words, mining means building and supporting the infrastructure of the future.
We are currently researching the mining of the blockchain “Filecoin”, which is the basis for maintaining the IPFS ecosystem, developing the necessary equipment, and still conducting the Filecoin mining business in our own data center.
We are actively researching and practicing not only Filecoin mining but also other future blockchain mining business.
“With the belief that we are a business that spreads and supports new technologies to the world.”