What does ASIC mining mean

What does ASIC mining mean

What does asic mining mean? For example, an application can record transactions of Cryptocurrency such as Bitcoin to the blockchain for mining. And this process is the operation of ASIC. So during the mining process, computers need to be used for accounting and calculating information, so there is no need for any centralized servers to operate If someone says that doing so is fraud, then the question arises, why do they say that? Because many people know that ASIC (application specific integrated circuit) is a technology specific to Ethereum network, many people will use this technology to solve some digital asset or code problems, but this situation does not exist

asic mining machine digging eth

According to the latest news, asic mining machine digging eth (Ethereum Classic) currently supports ETH and ETC

In the case of asiscASIC+p2e algorithm, “a”=”b”, that is, “C” is a special computing device chip used to mine Ethereum Classic classic digital currency. ‘B’ represents the hardware that can perform transaction operations on the Bitcoin network, referred to as CPU and memory pools. Therefore, “A” refers to a machine that uses a computer processor to implement the consensus mechanism of Proof of work. It is characterized by high computing power and no need for additional power. Only when the growth rate of computing power exceeds the operating efficiency of the blockchain itself can we confirm whether the data is effective.

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