Home / Education / Glossary / ASICs


ASIC stands for Application-Specific Integrated Circuit. ASIC, as used in the context of mining cryptocurrencies, refers to specialized hardware components created to carry out a particular mining algorithm.

ASICs, as opposed to general-purpose computers, are designed primarily to mine cryptocurrencies like Bitcoin or Litecoin profitably. They are superior to conventional CPUs or GPUs for mining activities thanks to their high processing power and energy efficiency.