What is ASIC?

ASIC or application specific integrated circuit refers to a set of devices that are created to serve an application. ASICs are specifically designed to fulfill one purpose only. These devices are also used in cryptocurrency mining. If you’re wondering what ASIC is, then you will find the answer in this article.

What is ASIC?

ASIC refers to a set of systems created specifically for an application or purpose. Beyond that ASICs are also produced specifically for cryptocurrency mining. Due to their high processor capacities, ASIC mining consumes much more energy than other mining methods.

ASICs can be used in many electronic instruments. These devices can perform tasks such as audio conversion, image processing, etc.

Cryptocurrency mining with ASICs

‌‌ASICs also known as application specific integrated circuits, are systems focused on cryptocurrency mining.

Their hardware makes ASIC circuits an important component for cryptocurrency mining. These devices consist of a large number of processors. While this means high computational capacity, it also means a lot of energy demand. Therefore, mining with ASIC devices needs strong electrical infrastructures.

Proof-of-Work mining-based cryptocurrencies such as Bitcoin and Litecoin can only be mined with ASIC mining devices nowadays due to the need for high computational capacity.