It is an “Application-specific integrated circuit.” It is essentially a little computer build specifically for a limited set of processes. It is “a system of a chip. Compared to programmable logic chips or standard ICs that are more versatile and can be used for a wide variety of different programs, an ASIC is specifically designed to do one thing and one thing only.

While it does this one thing much faster and more efficiently than standard multi-purpose processors, they lack the versatility of standard logic chips and, are more expensive to design and manufacture than their mass-market counterparts, especially, as most of them aren’t really produced in very large numbers. The gist is ASIC describes a type of chip that is ultra specialized in a single set of processes (in this case, mining Cryptocurrency).

An ASIC miner generally consists of an ASIC chip, power source, fan, and mining software. To understand why specialized Bitcoin mining ASICs are better at doing the job than CPUs, GPUs and FPGAs (field-programmable gate array), we’ll first need to understand how Bitcoin mining works. The world’s most popular Cryptocurrency uses the hascash proof-of-work function as its mining core.

Specialized Bitcoin ASICs are specifically designed to solve Bitcoin blocks and have nominal requirements for other computer applications, which is why they can get the job done faster and more efficiently than standard logic chips. While the first-generation ASICs had Hash Rates of around 66GH/s (powerful enough to replace 30-odd GPUs), today’s top Bitcoin mining ASIC chips are as powerful as about 212 of those first-gen ASICs, with Harsh Rates hovering around the 14,000GH/s mark.

WHAT IS BITCOIN CLOUD MINING?

It enable user to purchase mining capacity of hardware in date centres. This enable people to earn bitcoin without managing hardware, electricity, bandwidth or other offline issues.

It is done remotely and enables the owners to not deal with any of the hassles usually encountered when mining bitcoin. Such as electricity, hosting issues, heat and installing or upkeep trouble.

What is the advantages?

  • No excess heat to deal with
  • Quiet due to no constantly humming fans

  • No electricity cost
  • No Bitcoin equipment to sell when bitcoin mining is no longer profitable
  • No preordered bitcoin mining hardware that may not deliver on time.