Q. What are ASIC miners?
2 Answers
  • janhvi

    An ASIC (Application-Specific-Integrated-Circuit) miner is a specialized mining hardware used to mine various cryptocurrencies.

    ASIC miners are specially designed to mine cryptocurrencies using particular algorithms. The microprocessors in ASICs to mine are specifically made to be optimized and designed for mining Bitcoin, Litecoin, Ethereum Classic, and various other cryptocurrencies that use proof-of-work algorithm.

    The device is equipped with a circuit that connects numerous microprocessors. Its course, which comprises around 100 million gates is housed in circuit chips, which are enclosed by covers. Each has wires and connections that allow you to connect to a power source or computer as well as internet connectivity.


       

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Cryptocurrency

Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.

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