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bitcoin asic

bitcoin asic

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 aforementioned 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.

bitcoin asic

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 bitcoin asic given miner, as ASIC development and manufacture are very expensive processes, and the ASIC chips themselves are often the components that require the most power on a Bitcoin miner.

bitcoin asic

While there are many Bitcoin mining hardware manufacturers, some of these should be seen as system integrators bitcoin asic using the ASIC chips manufactured by other parties, and combining them with other electronic components on a board to form the Bitcoin mining hardware. What an ASIC miner actually does In a nutshell, mining is the process of running complicated calculations bitcoin asic the search for a specific number.

bitcoin asic

In proof of bitcoin asic 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.

bitcoin asic

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