follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: ASIC Mining Meaning - Definition  (Read 3314 times)

Offline Mounty

  • Baby Steps
  • *
  • Activity: 16
  • points:
    132
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: July 01, 2018, 04:52:51 PM
    • View Profile

  • Total Badges: 9
    Badges: (View All)
    Topic Starter 10 Posts First Post
ASIC Mining Meaning - Definition
« on: July 01, 2018, 02:53:42 PM »
ASIC is an acronym of Application Specific Integrated Circuit.

ASIC is a computer chip specifically created to execute one task. An example of one such model is an ASIC miner created to ONLY process SHA-256, which is the problem offered by the Bitcoin Blockchain to mine new coins. There are also ASIC’s for scrypt which specifically solves the mathematical code for some Altcoins such as Litecoin.

ASIC mining is one of the main forms of mining together with GPU mining, as they are much more efficient than mining using normal computers.

Though, in recent years there has been a good amount of dialogue surrounding the longevity of mining this way and we’ve even seen coins making it so that it’s impossible to mine with an ASIC replaced with PoS, DPos, PoB, PoHe and others.

Altcoins Talks - Cryptocurrency Forum

ASIC Mining Meaning - Definition
« on: July 01, 2018, 02:53:42 PM »

For Monthly biddings Check Here


Offline cowz

  • Full Member
  • *
  • Activity: 175
  • points:
    318
  • Karma: 1
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: February 21, 2019, 08:44:31 AM
    • View Profile

  • Total Badges: 12
    Badges: (View All)
    10 Posts First Post Fifth year Anniversary
Re: ASIC Mining Meaning - Definition
« Reply #1 on: August 24, 2018, 11:00:59 PM »
ASICs are rather annoying because now bitcoin can't be mined by regular people, only large scale asic investors which mining farms
███▌
 ▐██▌
   ███
    ▐██▌
      ███
 ███   ▐██▌                  ██
 ████    ███               ████
 █████▌   ▐██▌           █████
 ███ ███    ███        ████ ███
 ███  ▐██▌   ▐██▌    ████   ███
 ███    ███    ██ ████     ███
 ███     ▐██▌   █████       ███
 ███       ███   ▐█▌        ███
 ███        ▐██▌            ███
 ███          ███           ███
 ███           ███         ███
                 ▐██▌
                  ▐██
                    ██▌
                      ████




.. #1 DERIVATIVE.............
..ECOSYSTEM FOR..
..CRYPTO ASSETS.......................

██
██
██
██
██
██
██
██
██
██
██
██
██

██
██
██
██
██
██
██
██
██
██
██
██
██

        ▄▄████████▄▄
     ▄████████████████▄
   ▄████████████████████▄
  ███████████████▀▀  ████
 ████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
 ████████ ▄███▄   ███████
  ████████████████▄▄██████
   ▀████████████████████▀
     ▀████████████████▀
        ▀▀████████▀▀

Offline Rame Ayach

  • Baby Steps
  • *
  • Activity: 10
  • points:
    73
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: May 09, 2019, 11:00:11 PM
    • View Profile

  • Total Badges: 10
    Badges: (View All)
    10 Posts First Post Fourth year Anniversary
Re: ASIC Mining Meaning - Definition
« Reply #2 on: April 08, 2019, 04:33:47 PM »
ASIC is the best invention because it insures us to monetize our currencies online
This is a good way to keep them from being lost and guaranteed

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod