ASIC Mining Computers Built Specifically For Mining Cryptocurrency
In cryptocurrency mining, miners need to use computers to solve an incredibly complex puzzle. The person that solves antminer l7 the puzzle first is awarded cryptocurrency. The most powerful computer has the greatest chance of solving the puzzle, and so ASIC mining was created to maximize the possibility of mining. Theoretically, any computer can be used to solve these puzzles. However, because proof-of-work mining is essentially a race, the people with a greater hash rate — a measure of the calculations that can be made per second — are more likely to solve the puzzle first. So ASIC miners were created to increase cryptocurrency miners’ hash rates.
Eventually, this became the industry standard, especially for Bitcoin, considered the gold standard for cryptocurrency. Here’s how it works.Application-specific integrated circuit (ASIC) miners are computers designed for the sole purpose of mining cryptocurrencies that are created through proof of work. Under this system, whenever a new block of information needs to be verified and added to a cryptocurrency’s blockchain, it’s encoded with a complicated puzzle that a computer needs to solve. Whoever solves the problem first gets to update the blockchain with the new information and is awarded a certain amount of cryptocurrency.