ASIC stands for Application-Specific Integrated Circuits. This type of circuit has Avery good application in the field of cryptocurrency. ASIC mining rig is effectively utilized to perform repeative activities and tasks one after one. ASIC technology has really made life easier of the Bitcoin miners as they can perform their mining activities much quicker than GPU mining rigs. However, ASIC miners can only mine the currency for which it has been specifically created.
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