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What is ASIC Mining?

  • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
  • KEY TAKEAWAYS

    Understanding ASIC Miners

  • Bitcoin miners review and verify previous bitcoin transactions and create new blocks so that the data can be added to the blockchain. 
  • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
  • In cryptocurrency, mining is the process of managing the blockchain. 
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