## Application Specific Integrated Circuit 1. Short for Application Specific Integrated Circuit. Often compared to [[GPU]]s, ASICs are specially made for [[Mining|mining]] and may offer significant power savings. An ASIC is a computer processing chip that is designed to perform one function only, whereas most modern computers have multi-thread [[CPU]]s that allow the computer to complete a range of tasks all at the same time. In the crypto space, an ASIC computer is used to mine [[bitcoin (BTC)|bitcoin]]. 2. ASIC (Application Specific Integrated Circuit) refers to [[Mining|mining]] equipment that has been designed specially to acquire a particular [[Crypto (cryptocurrency)|cryptocurrency]]. When compared to [[GPU]]s, these devices are highly specialized since they offer a number of computational and memory-based advantages to their owners. 3. An “Application Specific Integrated Circuit” is a silicon chip specifically designed to do a single task. In the case of [[Bitcoin (blockchain)]], they are designed to process [[SHA-256|SHA-256]] hashing problems to [[Mining|mine]] new bitcoins. ASICs are considered to be much more efficient than conventional hardware([[CPU]]s, [[GPU]]s). Using a regular computer for Bitcoin mining is seen as unprofitable and only results in higher electricity bill. 5. Is an acronym for “Application Specific Integrated Circuit”. ASICs are silicon chips specifically designed to perform a single task. In the case of bitcoin, they are designed to process [[SHA-256]] hashing [[Algorithm|algorithms]] to mine new [[bitcoin (BTC)|bitcoins]]. They are specifically designed to perform [[Hash|hashes]] as fast as possible as to increase [[Mining|mining]] revenue. 7. An application-specific integrated circuit (ASIC) [[Miner(s)|miner]] is a specialized type of computerized [[Mining Rig|mining rig]] that is used to mine [[bitcoin (BTC)]] and other types of [[Crypto (cryptocurrency)|cryptocurrency]]. Originally, crypto mining rigs were designed to mine cryptocurrency by using a central processing unit ([[CPU]]) on a laptop or personal computer, but eventually ASIC and [[GPU]] miners surpassed the capabilities of this traditional model. ASIC miners are built specifically to complete the [[Mining|mining]] process much faster than traditional computers and are quite expensive to design and manufacture. 5. Short for Application-Specific Integrated Circuit, an ASIC is a dedicated piece of hardware used for, in this context, [[Crypto (cryptocurrency)|cryptocurrency]] [[Mining]|mining]. ASICs are designed with a singular purpose in mind: to mine a certain cryptocurrency using that currency’s specific [[Algorithm|algorithm]]. Each cryptocurrency has its own algorithm through which it enforces its [[Proof of Work (PoW)]] system. Why use an ASIC? ASICs are attractive because they are singular in purpose. While graphics cards and [[CPU]] based mining systems are designed to perform multiple different tasks, an ASICs sole purpose is to [[Mining|mine]]. This focus leads to a powerful machine that generates a very high “[[Hashrate|hash rate]]” without using up the resources of a [[Mining Rig]], making an ASIC much more economical than other mining strategies. ASICs provide: - dedicated hashing power - economic use of power - focused work that can be controlled entirely by the owner 4. Is an acronym for “Application Specific Integrated Circuit”. ASICs are silicon chips specifically designed to do a single task. In the case of [[bitcoin (BTC)]], they are designed to process [[SHA-256|SHA-256]] [[Hash function|hashing]] problems to [[Mining|mine]] new bitcoins. 5. ASIC stands for Application Specific Integrated Circuit. It is a generic name for any type of electronic component where circuits with multiple functions are combined into one specific application. If [[Bitcoin (blockchain)]] [[mining]] is limited to machines bundled with ASICs, it is difficult to recover the electricity costs compared to common PCs and GPUs. ASICs are also unable to operate independently. At the very least, they need a laptop to operate. 5. A type of computer chip. For [[Crypto (cryptocurrency)|cryptocurrencies]], it's used to mine new [[Coin(s)|coins]] efficiently (see [[Mining|mining]] below). Short for Application Specific Integrated Circuit. 6. ASIC is the short form for “Application-Specific Integrated Circuit”, a silicon chip specifically designed to do a single task. Basically, the computers we use to operate on general-purpose circuits, while an ASIC is utilized entirely for a single application. In the case of [[Crypto (cryptocurrency)|cryptocurrency]] [[Mining|mining]], ASICs can be used to greatly increase efficiency and significantly decrease energy costs. 7. Is a special circuit optimized for the [[Crypto (cryptocurrency)|cryptocurrency]] [[Mining|mining]], and it comes with this function more effectively than computer [[Graphics Processing Unit (GPU)| GPU]] and [[Central Processing Unit (CPU)|CPU]]. 9. Short form for ‘Application Specific Integrated Circuit’. Often compared to GPUs, ASICs are specially made for mining and may offer significant power savings. 10. An “Application Specific Integrated Circuit” is a silicon chip specifically designed to do a single task. In the case of [[Bitcoin (blockchain)]], they are designed to process [[SHA-256|SHA-256]] [[Hash function|hashing]] problems to [[Mining|mine]] new [[bitcoin (BTC)|bitcoins]]. ASICs are considered to be much more efficient than conventional hardware([[Central Processing Unit (CPU)]]s, [[Graphics Processing Unit (GPU)]]s). Using a regular computer for Bitcoin [[Mining|mining]] is seen as unprofitable and only results in higher electricity bill. 11. An Integrated Circuit customized for maximum performance in a particular use, rather than general-purpose use. 12. Often compared to [[GPU]]s, ASICs are specially made for cryptocurrency mining and may offer significant power savings. 14. Application Specific Integrated Circuit. ASICs are silicon chips designed to do a specific task. In ASIC use for [[Mining|mining]] [[Crypto (cryptocurrency)|cryptocurrencies]], the ASIC will perform a calculation to find values that provide a desired solution when placed into a [[Hash|hashing]] [[Algorithm|algorithm]].