Application-specific integrated circuit abbreviated as ASIC is an intergrated circuit IC customized for a particular use, rather than intended for general-purpose use.
Capable of easily outperforming the bitcoin asic platforms for Bitcoin mining in both speed and efficiency, all Bitcoin mining hardware that is practical in use will make use of one or more Bitcoin SHAd ASICs. Can an ASIC miner mine multiple algorithms?
While there are rare exceptions — for example chips that mine both Bitcoin and scrypt — this is often because the chip package effectively has two ASICs: one for Bitcoin and one for scrypt.
The ASIC chip of choice determines, in large part, the cost and efficiency of a given miner, as ASIC development and manufacture are very expensive processes, and the ASIC chips bitcoin asic are often the components that require the most power on a Bitcoin miner. While there are many Bitcoin mining hardware manufacturers, some of these should be seen as system integrators — using the ASIC chips manufactured by other parties, and combining them with other electronic components on a board to form bitcoin asic Bitcoin mining hardware.
What an ASIC miner actually does In a nutshell, mining is the process of running complicated calculations in the search for a specific number. In proof of work systems like Bitcoin, the first one to find that number gets a reward.
This combination of performance and low-power usage makes them much more economical to run than more general purpose hardware.
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