Short Description
ASIC stands for Application-Specific Integrated Circuit β a type of chip engineered to perform a single function with extreme efficiency. ASICs are used in a wide range of industries, from telecommunications to consumer electronics to industrial automation. However, the term is most commonly associated today with Bitcoin mining, where ASICs are optimized solely to execute the SHA-256 hashing algorithm. These chips power the specialized machines that dominate industrial-scale mining operations, delivering massive hashpower at high energy efficiency.