What is ASIC in cryptocurrencies?
The abbreviation ASIC means "Application Specific Integrated Circuit". It is not possible to name any specific device ASIC since ASIC is more a property of a device for solving a specific problem than the device itself. In the world of cryptocurrency ASIC means special devices that are created with only one purpose - to mine cryptocurrency. ASIC is a special device for mining cryptocurrency.
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Cryptocurrency Terms and Definitions
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