Back to Glossary
Glossary Term:

ASIC

An Application-specific integrated circuit, or ASIC for short, is a computer chip customized for a specific use case. In the Bitcoin industry, there are ASICs specifically designed for Bitcoin mining which are orders of magnitude more efficient at Bitcoin mining than traditional computers. These ASICs sole purpose is to mine Bitcoin, and has sprung up an entire industry of miners, and miner manufacturers, like Bitmain and Whatsminer, the two largest manufacturers.