ASIC
ASIC is what you will come across if you get decide to get involved in Bitcoin mining – the acronym means “Application Specific Integrated Circuit”. In the picture above, you will see a line of ASICs that make up part of a Bitcoin mining operation that help process Bitcoin transactions.
When Bitcoin first started, people could mine it just by using their regular computers GPU (graphics card) but as time went on, this became less efficient. More people started using Bitcoin and so more transactions were being broadcast across the blockchain.
ASICs became the must-have mining gear as they were purpose built for Bitcoin mining and could process many more transactions much more efficiently than GPUs could.
Anyone who wants to get in to mining nowadays will likely need to have an ASIC.
Share with a friend
If you thought this information was helpful why not share it on your favourite social media network and encourage others to learn more about Bitcoin
The latest news from our blog
Alby To Sunset Custodial Wallet
Dear Alby Users, We always knew this day would come when the training wheels would have to come off, and that day is set in
How To Destroy Your Portfolio By Trading Bitcoin With Leverage
The market looks somewhat frothy these days; the semblance of a banana zone is forming, which usually turns into a come-and-get-the-bag plea to all the
What Is A Bitcoin IRA?
Bitcoin’s meteoric rise from darknet settlement currency to a 1 trillion dollar asset class has broken many models and average investors’ brains along the way.