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  • In cryptocurrency, mining is the process of managing the blockchain. 
  • What is ASIC Mining?

  • Bitcoin miners review and verify previous bitcoin transactions and create new blocks so that the data can be added to the blockchain. 
  • Although investing in cryptocurrency is painstaking, costly, and only sporadically rewarding, some investors are drawn to it. People buy expensive ASICS and pay for lots of electricity so that they may earn more bitcoin, which may be exchanged for real-world currency.

  • In cryptocurrency, mining is the process of managing the blockchain. 
  • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
    • ASIC Bitcoin miners are electronic circuits designed for the sole purpose of mining bitcoins.
    • You might also view ASIC devices as similar to the microprocessor and random access memory (RAM) chips in your computer; only instead of being general integrated circuits as those are, Bitcoin ASIC miners are specific integrated circuits designed solely to maintain the Bitcoin blockchain—a public database that stores digital information. Developing and manufacturing ASICs as mining devices is costly and complex; but because ASICs are built especially for mining cryptocurrency, they do the job faster than less powerful computers.https://12ea7800963ffec019cbea4bac9dd936.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html

      Although investing in cryptocurrency is painstaking, costly, and only sporadically rewarding, some investors are drawn to it. People buy expensive ASICS and pay for lots of electricity so that they may earn more bitcoin, which may be exchanged for real-world currency.

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