• Finance & Investment

    What is an ASIC Miner?

    An ASIC miner is not the desktop computer, graphics card, or even the power supply that most people think of when they think of mining. An ASIC miner is a specialized chip designed for one purpose – to mine cryptocurrency. ASIC chips are incorporated into specially designed power supply units and motherboards. While they are more powerful than a traditional PC, they still cost a lot of money. The disadvantage of an ASIC miner is that it consumes a lot of power. asic mining rig The ASIC miner is designed to be efficient at one task only. Because of this, the amount of computational work required to keep the blockchain…